Finance

Ripple, the renowned blockchain startup headquartered in San Francisco, has ventured decisively into the rapidly evolving sphere of cryptocurrency custody. On Thursday, the company unveiled a series of services tailored for banks and financial technology firms, aimed at providing secure storage solutions for digital assets. This initiative marks the formal launch of Ripple Custody, a
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The Federal Reserve’s recent decision to implement a significant decrease in interest rates has incited a robust debate among economists and policy analysts alike. During their September meeting, the Federal Open Market Committee (FOMC) settled on a half percentage point reduction—marking this as the most pronounced action taken in over four years. However, the conversation
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China is navigating a complex economic landscape amidst global uncertainties and internal challenges. Recently, Zheng Shanjie, the chairman of the National Development and Reform Commission (NDRC), addressed concerns over the country’s economic trajectory during a pivotal press briefing. While his statements outlined several measures aimed at economic stimulus, they left many investors and analysts wanting
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In a significant move within the financial technology sector, Mastercard announced its intention to acquire Minna Technologies, a Swedish software firm specializing in subscription management. The acquisition, which awaits regulatory approval and is not disclosed financially, aligns with Mastercard’s strategy to enhance its services and diversify beyond its traditional credit and debit card business. This
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As Klarna, the Swedish fintech company renowned for its buy-now-pay-later model, inches closer to its much-anticipated initial public offering (IPO), it faces an existential threat that could undermine its competitive edge in the tech industry. Recent comments from CEO Sebastian Siemiatkowski, during an interview with CNBC, have brought to light a critical issue: the brain
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