Author: Lucas Peterson
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Struggling Swiss Fund Operator GAM Loses Independence!
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After years of struggling against cash outflows and another year of weak business figures, the Swiss fund company GAM is losing its independence. The British Liontrust Asset Management will take it over. Liontrust is offering 107 million francs in its shares for GAM, the two companies said Thursday. GAM’s board…
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FBI And Ukraine Seize Nine Exchange Domains For Money Laundering!
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On 25 April 2023, nine crypto currency exchanges alleged to have aided cybercriminals were seized by the U.S. Federal Bureau of Investigation (FBI) and Ukrainian law enforcement agencies. Authorities alleged that these exchanges enabled cybercriminals to evade anti-money laundering laws.
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Bitcoin Mining Chip From Twitter Co-Founder Jack Dorsey Enters Prototype Stage!
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Block’s Bitcoin mining chip will make Bitcoin mining easily accessible for individual miners and crypto mining firms. After resigning as Twitter CEO in 2021, Jack Dorsey shifted his focus toward building Block (website), a Web3-friendly financial services company. Block allegedly completed the prototype design of a 5-nanometer high-performance Bitcoin mining…
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Meet Entrepreneur Paul Klansckek And Bitpanda!
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In 2014 Paul Klanschek founded with Eric Demuth and Christian Trummer Bitpanda, one of the most popular crypto trading Platforms in Europe!
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Deutsche Bank’s Head Of Human Resources Faces A Fine After Buying Bonds!
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Michael Ilgner, Deutsche Bank’s head of human resources, had bought bonds from his employer shortly before the publication of the quarterly balance sheet. This is against the bank’s rules. The institute is investigating the matter.
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Bank Crisis: First Republic Bail-Out Not Yet Finished!
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The U.S. Federal Deposit Insurance Corp (FDIC) is in the process of seizing and selling the First Republic, a U.S. bank caught in the post-FTX banking crisis. It was expected that FDIC announced the bail-out results before the opening of the Asian stock exchanges on Monday. However, no announcement has…
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“Crypto Is Not A Security,” SEC Chair Gary Gensler Told Students!
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SEC chief Gary Gensler was not always on a crusade against crypto. An old video even shows him claiming that most crypto assets are commodities. The video circulating on Twitter shows Gary Gensler giving a talk as part of a blockchain course at MIT in 2018. At the time, Gensler…
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N26 Lets Go About 70 Employees To Achieve Profitability In 2024!
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In 2024, Berlin-based Neobank finally wants to be in the black. To achieve this ambitious goal, costs must be reduced. Therefore, the fintech company of Austrian founders Maximilian Tayenthal and Valentin Stalf announced today that about 70 employees would have to leave, corresponding to about 4% of the workforce.
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OpenAI Burns $700,000 A Day To Run The Chatbot!
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The AI company OpenAI is said to have to spend at least $700,000 daily to keep ChatGPT running. With the new version GPT-4, it could get far more expensive.
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114 Scams In 45 Days, 200 Stolen ETH – One Address.
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A scammer creates dubious Memecoins with strange messages every day. He sends the stolen Ethereum to Coinbase. According to “online detective” ZachXBT, one scammer launched around 114 projects in the past 45 days alone.