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Introduction The National Pension Service of South Korea, the world's third-largest pension fund, has made its first foray into the cryptocurrency sector by acquiring 282,673 shares of Coinbase Global. This move, valued at approximately $20 million, reflects the pension fund's growing interest in the burgeoning crypto market. About the National Pension Service The National Pension […]

Weakening US Dollar Drives Gold Surge The recent surge in gold prices can be attributed to the weakening of the US dollar, rather than a sudden increase in gold demand. The drop in the value of the fiat currency was primarily caused by the release of October's Consumer Price Index (CPI) report. Similar to the

SEC Announces Increased Enforcement Actions for Fiscal Year 2023 The U.S. Securities and Exchange Commission (SEC) announced its enforcement results for the fiscal year 2023 on Tuesday. The securities regulator revealed that it filed 784 total enforcement actions, a 3% increase over fiscal year 2022. SEC Chair Gary Gensler commented: "The investing public benefits from

The Potential Impact of Spot Bitcoin ETFs Cryptocurrency exchange Coinbase has expressed its belief that spot bitcoin exchange-traded funds (ETFs) could have a significant positive impact on the overall crypto market cap. According to Coinbase, the chances of the U.S. Securities and Exchange Commission (SEC) approving one or more spot bitcoin ETFs by the end

The National Hockey League (NHL), along with the NHL Players' Association and the NHL Alumni Association, has partnered with Sweet, a non-fungible token (NFT) firm, to introduce NHL Breakaway. This digital collectibles platform allows fans from all over the world to collect, gift, trade, and showcase highlights and significant moments from NHL history. NHL Partners

Blackrock Advocates for Approval of Spot Ether ETF Blackrock, the world's largest asset manager, is making a case for the U.S. Securities and Exchange Commission (SEC) to approve spot ether exchange-traded funds (ETFs). The company believes that the approval of such ETFs would be crucial for the protection of U.S. investors in the cryptocurrency space.

Bitdeer's Strategic Move into AI Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. Bitdeer, a publicly traded blockchain and high-performance computing company, has recently disclosed its expansion into AI. This strategic move involves providing Nvidia-powered graphics processing unit (GPU) services. Joining the Nvidia Partner Network Bitdeer, based

Fed Chair's Remarks Spark Debate on Interest Rates Federal Reserve Chair Jerome Powell's recent remarks have ignited a discussion on the effectiveness of current interest rates in an uncertain economic climate. Despite strong growth in the gross domestic product, Powell expressed the Fed's cautious approach, stating that the central bank is not confident that its

The value of bitcoin (BTC) has surged by over 38% against the U.S. dollar in the past six months, resulting in a remarkable 125% increase year-to-date. This impressive performance has propelled bitcoin's market capitalization to become the eleventh-largest among global assets, surpassing various assets such as precious metals, exchange-traded funds (ETFs), and corporate valuations. Bitcoin's

Expobank Revolutionizes the Gemstone Market Expobank, a prominent financial institution with over 50 offices across Russia, has made a groundbreaking move by entering the market of gemstone tokenization. Through the utilization of the Multichain blockchain platform, Expobank has successfully issued the first tokenized diamonds in the country. This innovative step aims to democratize the gemstone