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The International Monetary Fund (IMF) published a report examining the potential risks of using generative AI systems in finance. While highlighting the benefits, the report cautions financial institutions to carefully evaluate risks before widespread adoption. Generative AI refers to AI systems like ChatGPT that can generate new content like text,
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The Centers for Disease Control and Prevention (CDC) has indicated that updated Covid-19 booster shots from Pfizer, Moderna, and Novavax will likely be available to the public by mid-September. This updated vaccine rollout aims to combat emerging omicron variants ahead of an expected fall surge, but the implications for Bitcoin
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The Electric Reliability Council of Texas (ERCOT) has issued a voluntary conservation notice for August 26th, asking customers to reduce electricity usage between 3pm to 9pm due to low wind power generation and high demand. This has implications for the burgeoning Bitcoin mining industry in Texas, which relies heavily on
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Brazil has proposed using Chinese yuan to guarantee exports to Argentina amid the neighboring country's dollar shortage. The plan involves Brazil's state bank and aims to provide payment security for traders. But how might this impact Bitcoin? On the surface, the proposal seems focused on bilateral
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Dollar Tree plans to lock up merchandise and discontinue some products amid rising inventory shrinkage from theft. This signals a weakening economy that could influence Bitcoin. The cryptocurrency has traded tightly with equities, falling on recession fears. So what does Dollar Tree's move suggest for BTC? After the
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Dow Jones futures bounced back on Friday despite hawkish comments from Fed Chair Jerome Powell, extending a choppy rally attempt. The major indexes snapped three-week losing streaks, with the Nasdaq gaining 2.3%. However, stocks reversed sharply on Thursday from the 50-day line. Leading AI stock Nvidia jumped 6.3%
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The IRS announced it is pushing back implementation of a law requiring higher earners to make 401(k) catch-up contributions to after-tax Roth accounts. The change delays closing a major tax loophole for wealthy Americans, granting them continued ability to reap deductions on pre-tax 401(k) contributions until 2026. The
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At the recent BRICS summit in Johannesburg, the bloc of major emerging economies announced plans to explore creating a shared payment system. While details remain sparse, the initiative aims to facilitate trade using local currencies and provide an alternative to dominant networks like SWIFT. The move comes as Russia seeks
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Klaviyo, a marketing automation company, filed for an initial public offering on Friday, becoming the latest tech firm to test public markets amid an otherwise tepid IPO environment so far in 2022. The filing comes on the heels of grocery delivery app Instacart submitting its own IPO paperwork on the
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Former French President Nicolas Sarkozy is facing trial over claims that his 2007 presidential campaign received 50 million euros in illegal financing from the late Libyan dictator Moammar Gadhafi. This decade-long investigation has gripped France and could have ripple effects across politics and economics if proven true. But how might
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On-demand grocery delivery giant Instacart finally unveiled its much-anticipated IPO filing this week. After over a decade of impressive growth and nearly $3 billion in funding, Instacart is ready to hit the public markets. But what does the profitable company's forthcoming IPO mean for crypto and Bitcoin in
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Federal Reserve Chair Jerome Powell sent a clear message in his highly anticipated speech on Friday - the fight against inflation is not over. Speaking at the Kansas City Fed's annual Jackson Hole symposium, Powell acknowledged recent declines in inflation but emphasized it remains too high. He hinted
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Internet Computer's ICP token saw a small -0.16% price dip over the past hour, with prices declining slightly to around $3.51 according to the latest market data. While not a major downturn, analyzing this move still provides an opportunity to better understand the current ICP trends
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Monero's XMR token saw a small 0.34% price increase over the past hour, ticking up to around $141.83 according to the latest market data. While not a huge price movement, Monero's ability to post gains while broader crypto assets decline makes this an opportune
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Avalanche's AVAX token experienced a small -0.30% price dip over the past hour, declining slightly to around $10.04 according to the latest market figures. While not a major drop, this move provides an opportunity to analyze the short-term and long-term trends around AVAX to inform trading
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Polkadot's DOT token saw a small -0.05% price decrease over the past hour, with prices dipping slightly to around $4.49 according to the latest market data. While not a major downturn, analyzing this minor blip still provides an opportunity to better understand the current DOT trends