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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
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Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months.
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'Rupee's Fall Due To Dollar's Rise, Intervention Can Harm Exports': Ex-RBI Governor
Former Reserve Bank governor Raghuram Rajan attributed the fall in the rupee solely to the US dollar getting stronger.
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Trump Bans Creation Of A 'Digital Dollar' To Protect Americans
US President Donald Trump issued an executive order Thursday effectively banning the establishment of a central bank digital currency, in a move long supported by Congressional Republicans.
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US DFS, Bank of England Announce Transatlantic Regulatory Exchange to ‘Harmonise’ Digital Assets Regulations
The initiative is named the ‘Transatlantic Regulatory Exchange (TRE)’. It was officially announced on January 13 by Adrienne A. Harris, the superintendent of the DFS. The programme allows the DFS and the BOE to share regulatory approaches and information required to chalk out the legal framework to govern digital assets like cryptocurrencies. ...
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Bank Robbery Attempt Falls Through Over Unreadable Handwritten Note In US
A would-be bank robber saw his plan fall apart when the teller was unable to decipher the illegible note he handed over during the attempted heist.
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Trump 2.0 Will Be Good For Equity Market, Dollar But Bad For Bonds: Report
A report by Union Bank of India compares two timelines - from January 2 to November 4 and from November 4 to December 31. The second period reflects changes following the US Presidential election held on November 5-6.
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Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
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US Woman Claims She Was Denied Promotion For Being Black, Single Mother: Lawsuit
A woman in the US is suing a bank claiming that she didn't get a promotion because she is a black, single mother.
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US Federal Reserve's Caution On Rate Cuts Could Cause Friction With Trump
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect.
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US Fed Cuts Key Interest Rate By 0.25%, Sending Stocks Tumbling
Policymakers voted 11-to-1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent as expected, the Fed announced in a statement.
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Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
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"What Happens In The Booth, Stays In The Booth": Kamala Harris Banks On Women's Votes
In an ad for Kamala Harris, a woman marks her ballot for the Democratic candidate while her husband thinks she's voting for Republican Donald Trump.
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RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
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Trump 2.0 Haunts World Economy Chiefs Gathering in Washington Before Vote
The worlds financial leaders are gathered in Washington, ostensibly to discuss technical stuff: debt, inflation, interest rates. Whats really on their minds is Donald Trump.
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X Money Digital Payments Service Unveiled; Platform Partners Visa to Introduce P2P Payments
X Money was introduced by Elon Musk's X platform on Wednesday as a new digital wallet and payments service. The new X Money service will allow users to send and receive P2P payments, transferring funds from their bank to a digital wallet and then to another wallet, or directly using their debit card. Partnering with Visa, X Money aims to compete wi...
-
Morgan Stanley Will Work With US Regulators to Examine Safe Ways to Offer Crypto, CEO Says
In a fresh development, Morgan Stanley CEO, Ted Pick has said that the bank wishes to examine if it can act as a crypto transactor while keeping its regulatory obligations intact. To do so, the New York City-headquartered bank plans to ramp-up discussions with US lawmakers in the coming months.
-
'Rupee's Fall Due To Dollar's Rise, Intervention Can Harm Exports': Ex-RBI Governor
Former Reserve Bank governor Raghuram Rajan attributed the fall in the rupee solely to the US dollar getting stronger.
-
Trump Bans Creation Of A 'Digital Dollar' To Protect Americans
US President Donald Trump issued an executive order Thursday effectively banning the establishment of a central bank digital currency, in a move long supported by Congressional Republicans.
-
US DFS, Bank of England Announce Transatlantic Regulatory Exchange to ‘Harmonise’ Digital Assets Regulations
The initiative is named the ‘Transatlantic Regulatory Exchange (TRE)’. It was officially announced on January 13 by Adrienne A. Harris, the superintendent of the DFS. The programme allows the DFS and the BOE to share regulatory approaches and information required to chalk out the legal framework to govern digital assets like cryptocurrencies. ...
-
Bank Robbery Attempt Falls Through Over Unreadable Handwritten Note In US
A would-be bank robber saw his plan fall apart when the teller was unable to decipher the illegible note he handed over during the attempted heist.
-
Trump 2.0 Will Be Good For Equity Market, Dollar But Bad For Bonds: Report
A report by Union Bank of India compares two timelines - from January 2 to November 4 and from November 4 to December 31. The second period reflects changes following the US Presidential election held on November 5-6.
-
Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
-
US Woman Claims She Was Denied Promotion For Being Black, Single Mother: Lawsuit
A woman in the US is suing a bank claiming that she didn't get a promotion because she is a black, single mother.
-
US Federal Reserve's Caution On Rate Cuts Could Cause Friction With Trump
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect.
-
US Fed Cuts Key Interest Rate By 0.25%, Sending Stocks Tumbling
Policymakers voted 11-to-1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent as expected, the Fed announced in a statement.
-
Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
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"What Happens In The Booth, Stays In The Booth": Kamala Harris Banks On Women's Votes
In an ad for Kamala Harris, a woman marks her ballot for the Democratic candidate while her husband thinks she's voting for Republican Donald Trump.
-
RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
-
Trump 2.0 Haunts World Economy Chiefs Gathering in Washington Before Vote
The worlds financial leaders are gathered in Washington, ostensibly to discuss technical stuff: debt, inflation, interest rates. Whats really on their minds is Donald Trump.
