Experts opine that, besides creating a profitable flow of revenue from applications associated with this initiative, Base will, in all likelihood, allow this prominent US crypto trader to stockpile fees from administering its own blockchain. When delving back into Coinbase’s history, this move seems to be a part of an overall plan. In 2016, Coinbase…
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The country’s growing digital economy, which is expected to reach a notable $1trn by 2026, spurred this move. Research conducted by JLL, an international leader in commercial real estate and investment management, showed that the Indian data centre sector reached 637MW during the first half of 2022, with an expected growth of up to 1,318MW…
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Citigroup Global Markets will handle this offer, which follows a tiered structure that rewards early engagement. This entails a premium of $645 for every $1,000, or 64.5 cents per dollar, of a bond’s value for those selling their bonds before 18 August 2023. The deal includes a special early-tender premium of $30. Don’t miss out…
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Although the dollar has now recovered from a one-week low, the lack of job creation paired with wage gain and a seemingly decreased unemployment suggests that the Federal Reserve may keep interest rates higher for longer. Chief Market Analyst at KCM Trade, Tim Waterer noted that the increase in hourly earnings is a stark reminder…
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The FCA licence signifies an important milestone for the company, which has been in business for approximately 10 years. It allows Edgewater Markets to expand its reach and include more clients on its platform. The company can now offer services such as liquidity provision, technology solutions, foreign exchange, commodities, and derivative products to UK clients.…
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60 industry leaders gathered to discuss ideas and address difficulties pertaining to investment possibilities, funding inclusivity, and reforms in the capital market. Topics included focusing on capital market promotions to grow the domestic-centred issuer pipeline, strengthen market vitality, increase the investor pool, and expand leverage efforts for the sustainability of Malaysia’s leadership in the Islamic…
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GAAP earnings per share came in at $0.03 as opposed to the analyst forecast of an estimated $0.02 loss. Similarly, Robinhood’s reported revenue of $486m, a sequential 10% increase, was more than the $472m estimation. The company attributed this rise to higher proxy and net interest revenues, partially offset by decreased transaction-based revenues. However, the…
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This CUSIP Entity Identifier (CEI) is a unique 10-character code for each legal entity with a corporate loan. CUSIP Global Services developed the code in collaboration with the Loan Syndications and Trading Association (LSTA) and Versana, an industry-backed data and technology company. The CEI will provide transparent insights into the underlying legal entities involved in…
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In the same breath, AMD predicted ending the year on a strong financial note as it plans to launch AI chips that are on par with the current Nvidia offerings. CEO Lisa Su indicated that the company aims to boost the manufacture of the artificial intelligence M1300 semiconductors, one of its flagship products, in the…
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According to currency analyst Luca Santos at ACY Securities, the CPI forecasts predict an inflation decline to 3.25% by the fourth quarter of 2024. A reduction would ensure the decreased inflation target for the further quarter of 2025 is met. Although the change is barely discernible, it implies that the RBA and other financial authorities…
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