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The U.S. economy grew at an annualized pace of 1.1% in Q1 2023, which came in slower than expectations and was forecasted to come in at 1.9%. Stagflation is now a concern for the U.S.; this GDP print was significantly smaller than the previous two quarters, 2.6% and 3.2%, respectively.…

The Hong Kong Monetary Authority (HKMA), the region’s central banking institution and regulator, has called on banks to provide services to cryptocurrency firms. On April 27, the HKMA issued a circular related to the access of corporate customers to banking services. In the document, the regulator has required authorized institutions,…

On April 26, the United States House of Representatives passed a bill to increase the U.S. debt ceiling. This led analysts to weigh its potential impact on the price of Bitcoin (BTC), ranging from highly bearish to overly bullish. Ultimately, U.S. dollar liquidity is the key to both of these opposing…

Quick Take The recent Bitcoin pump to $29,000 was helped by the rotation of stablecoins into Bitcoin.  According to the stablecoin supply ratio, the oscillator pumped this week to 1.9, going as low as 1.7, which shows the rotation that fuelled the leg up to $29,000. Stablecoins on exchanges are…

As cryptocurrencies increasingly fall under the purview of global tax authorities, fintech Revolut has integrated an automated tax reporting service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut…

As various stakeholders in the European Union continue to research the potential of a single central bank digital currency (CBDC), representatives of both private and public banking institutions share their opinion on the digital euro. In a new issue of the biannual Views magazine published in April, the topic of the…

Controversies around artificial intelligence (AI) and its use of copyrighted material have arisen in various scenarios after a major uptick in the use of the technology in content creation.  Legislators in the European Union have responded to the growing usage of AI in a vote on April 27, which pushed forward…

In Venezuela, humor plays an important role, either as a form of protest or a way to make sense of reality.  In November 2021, humor and nonfungible tokens (NFTs) were combined with the launch of the Comedy Monsters Club (CMC) project. The project was led by Roberto Cardoso, better known…

Tencent Cloud — the cloud services provider arm of Chinese tech giant Tencent — has launched a new digital human production platform allowing users to create deepfakes of any individual based on a three-minute video clip and 100 sentences of voice material. Tencent Cloud’s deepfake generator uses Tencent’s in-house artificial…