Societe Generale Chairman Lorenzo Bini Smaghi tells Bloomberg why he thinks the European Union has fallen short on integrating the bloc’s banking system and why it faces unfair competition with the United States. He spoke exclusively to Bloomberg’s The Pulse with Francine Lacqua. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/AetnWuF
TLDR Circle, the issuer of USDC stablecoin, has officially launched in Brazil to provide USD-backed digital currency and infrastructure to the country’s growing fintech sector. Circle has partnered with BTG Pactual, Latin America’s largest investment bank, to serve as its primary USDC distribution channel in Brazil, providing access to retail and institutional clients. The partnership…
A sputtering economy and anguish over Palestinian deaths have put pressure on Egyptian President Abdel Fattah Al Sisi to respond more forcefully to a former adversary. https://www.wsj.com/articles/israels-rafah-offensive-puts-egypt-in-a-dangerous-bind-6bf00b5b
TLDR U.S. law enforcement dismantled the 911 S5 botnet, which provided residential proxy services to cybercriminals, and arrested its alleged administrator, Chinese national Yunhe Wang. The botnet, consisting of 19 million infected devices across 190 countries, was used for various criminal activities, including financial fraud, identity theft, and child exploitation. Chainalysis assisted in the investigation…
Chinese authorities are looking at an unconventional way to fill up their coffers: data monetization. https://www.wsj.com/articles/chinese-cities-eyes-data-assets-as-fiscal-woes-bite-66ed0b91
Hackers allegedly stole personal details of more than half a billion Ticketmaster customers. https://ift.tt/iZK4fLO May 30, 2024 at 12:45PM
The NFL Players Association is working on a proposal to the league that would fundamentally change how and when the league’s teams prepare players for the coming season. And that change could happen as early as next offseason if adopted by the league. The players’ union is finalizing the proposal that would eliminate on-field work…
TLDR Vanguard has confirmed that it will not offer spot Ethereum ETFs on its platform, despite the SEC’s approval of such products. The firm maintains its stance that cryptocurrency products do not align with its focus on traditional asset classes like equities, bonds, and cash for long-term investment portfolios. Bloomberg ETF analyst Eric Balchunas criticized…
BlackRock has submitted a revised registration statement for its proposed spot Ethereum ETF. The updated S-1 filing also included details about the company’s seed capital investor. Now, analysts suggest that U.S. spot Ether exchange-traded funds (ETFs) could launch by late June. BlackRock Reveals Seed Capital Investor Information The world’s largest asset manager submitted an amended…
Hippocrates Opportunities Fund seeks up to $30 million to invest in private, publicly traded companies. https://www.wsj.com/articles/investment-banker-physician-team-up-to-launch-life-sciences-venture-fund-8567c6c2