The Business & Technology Network
Helping Business Interpret and Use Technology
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Feed Items

Macro strategist Luke Gromen is warning that the skyrocketing US national debt may cause the dollar to plummet in value. In a new YouTube update, Gromen says that the US will likely address its growing $36 trillion national debt by printing more money, which debases the dollar, rather than allowing Treasury yields to soar to try and attract investors. “Now the credit risk is at the Treasury...
HodlX Guest Post  Submit Your Post   DeFi (decentralized finance) offers an innovative alternative to the traditional mortgage system, challenging long-standing yet largely inefficient lending processes in developing countries. It could be revolutionary in emerging economies with limited access to stable long-term financing. Could fixed-rate lending protocols empower people to take control of...
Staffers at the European Central Bank (ECB) are reportedly revolting against what they say are “anti-democratic” practices at the Frankfurt-based institution. The Financial Times reports that the bank’s staff committee sent a letter to ECB President Christine Lagarde that addressed “widespread complaints of favoritism, high burnout rates and the vulnerability of many colleagues working under...
Financial technology middlemen reportedly sent investment banking giant JPMorgan Chase 1.89 billion data requests in the month of June. In an internal company memo reviewed by CNBC, a JPMorgan systems employee noted that only 13% of those requests were initiated by a customer for transactions. “Aggregators are accessing customer data multiple times daily, even when the customer is not actively...
An under-the-radar digital asset is skyrocketing after being receiving support from Coinbase, the top US-based crypto exchange platform. In a new thread on the social media platform X, Coinbase Assets says it is adding support for BankrCoin (BNKR), an artificial intelligence (AI)-focused digital asset that operates on Base, Coinbase’s proprietary blockchain, causing the cryptocurrency to explode...
Bitcoin’s price is moving to the downside as the White House releases an extensive report on crypto policy, and the Federal Reserve once again decides against cutting interest rates. The new 166-page crypto report, entitled “Strengthening American Leadership in Digital Financial Technology,” fails to address how much Bitcoin the US government currently holds or offer new details on whether the...
An Arizona man who masterminded a $13 million crypto Ponzi scheme pleaded guilty this week to money laundering and conspiracy to obstruct justice charges. The U.S. Department of Justice (DOJ) says Vincent Anthony Mazzotta Jr., 54, schemed with his co-defendant David Saffron and others to fraudulently promise investors high-yield profits from crypto investments that pretended to rely on automated...
Financial services titan JPMorgan is collaborating with the top US-based crypto exchange platform Coinbase to link bank accounts with crypto wallets. According to a new press release, the banking giant is partnering with Coinbase to launch a direct bank-to-wallet connection for customers, also allowing for the use of Chase credit cards on the crypto exchange. Customers will be able to transfer...
A top Bank of America executive is warning that today’s upcoming decision on interest rates from the Federal Open Market Committee (FOMC) will likely result in disappointment among bond investors. In a new interview with CNBC, BofA Securities’ head of U.S. rates strategy, Mark Cabana, says that while much of the market is eager to see a rate cut from the Fed, he expects a continued pause, with...
Crypto financial services giant Galaxy Digital has abruptly moved $447 million worth of Bitcoin (BTC), on-chain data shows. According to the blockchain tracking platform Lookonchain, Galaxy Digital has just moved 3,782 BTC, only days after making another massive transaction of the flagship crypto asset. “Is Galaxy Digital helping clients sell BTC again? [On Monday], Galaxy Digital has...