26 / 36 Relevant items tagged with #NewsBytes

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US Treasury Expands Sanctions to Cripple Russian War Economy

[Jun 13, 2024 4:15 PM] The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals…

Coinbase CEO Engages US Senators to Push Clear Crypto Regulations

[Jun 13, 2024 3:11 PM] Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing clear regulations for the…

UBS Recommends Buying Gold Dips Amid Economic Uncertainty

[Jun 11, 2024 8:41 PM] The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to…

Floki Name Service Is Live on BNB Chain

[Jun 11, 2024 1:04 PM] Floki Name Service, a decentralized domain name service by the popular meme coin, is now live exclusively on the BNB Chain mainnet. This service allows users to create a unique .floki domain name, which can be used as an on-chain identity and for…

Gold Production Struggles Despite 2024 Q1 Surge

[Jun 10, 2024 9:31 PM] The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine…

HSBC China Introduces Digital Yuan Services for Corporate Clients

[Jun 10, 2024 7:38 PM] HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital…

6 US Banks Face Moody’s Downgrade

[Jun 9, 2024 6:45 PM] Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the…