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* Deutsche Bank partners with Keyrock to boost its global services in the crypto-native market. * Keyrock will receive multi-currency accounts and foreign exchange services from Deutsche Bank. * The partnership aims to reduce counterparty and settlement risks for Keyrock. * Deutsche Bank's infrastructure will enable near-instant settlements and optimize fiat currency
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* Arthur Hayes predicts Japanese banking crisis will boost Bitcoin and crypto markets. * MetaPlanet buys 23.5 BTC, causing stock to rise 10% despite Bitcoin price drop. * Japanese banks plan to sell $63 billion in U.S. and European bonds by March 2025. * Hayes expects Bank of Japan to purchase bonds,
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* Bitcoin price stable after Fed keeps interest rates unchanged * Fed aims for 2% inflation target, considers rate cut later in the year * Equities rally post-Fed decision, S&P 500 up 1%, Nasdaq up 1.7% * Gold price rises 0.5% to $2,327.42 per ounce * Bitcoin price at
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* Keyrock appoints TradFi veterans as CCO and COO. * Valdes-Rodriguez from Abra, Adiliberti from Amber Group. * Focus on bridging gap between crypto and TradFi. * B2C2 hires ex-Goldman Sachs pro for EMEA sales. * State Street seeks digital assets-focused execs. * State Street job postings indicate focus on blockchain tech. Summary : Belgium-based digital asset
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* Bitcoin could reach $100,000As U.S. banks face insolvency, Bitcoin's value rises. * 63 U.S. banks on brink of collapseCollectively holding $517 billion in unrealized losses. * Bitcoin's rise linked to banking crisisFederal Reserve's emergency measures sparked Bitcoin bull run in 2023. * BTC price
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* The Qatar Central Bank completed CBDC infrastructure and launched experimental project. * Focus on distributed ledger technology, AI, liquidity enhancement, and securities transactions. * Project runs through October; started studying CBDC in March 2022. * UAE involved in mBridge project and CBDC proof-of-concept with Saudi Arabia. * QCB launched fintech sandbox Express Sandbox for
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* Approval of bitcoin ETFs boosts retail interest and attracts new institutions. * Tokenization trend grows, digitizing asset issuance for efficiency and liquidity. * Crypto can transform financial system for more efficiency. * Goldman Sachs deepens involvement in crypto, exploring ETFs and tokenization. * McDermott sees potential for tokenization to broaden investor base and increase
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* Nomura and Laser Digital partner with GMO Internet Group for stablecoin issuance in Japan. * Plan to explore Japanese yen- and U.S. dollar-denominated stablecoins. * Offering "stablecoin-as-a-service" products for companies. * Nomura and Laser Digital focus on crypto trading, asset management, and venture investment. * GMO to contribute more on the
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In a recent podcast, Hilary Allen, a law professor at American University, expressed concerns about stablecoins, describing them as a threat to the banking system and the public. She believes that stablecoins could destabilize banks and potentially require a government bailout. These comments come as there is a push in