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FedEx’s performance in the first quarter fell short of expectations. Jamie Dimon, CEO of JPMorgan expressed similar concerns a few weeks back. FedEx CEO Raj Subramaniam predicted a worldwide economic downturn in an interview with CNBC’s Jim Cramer this past Thursday. This forecast follows Subramaniam’s disclosure that FedEx’s performance in
Wenjie is entitled to the protections accorded to the owner of virtual property. In its ruling on cryptocurrencies, the court said that although LTC is a “network currency.” According to a recent report, a Chinese intermediate court reiterated a lower court’s decision that litecoin is a virtual property protected by
Amazon will develop a payment processing interface for online stores. Payer-initiated transactions will be the primary emphasis of EPI’s solution. The European Central Bank (ECB) announced on September 15 that it would work with five firms to create prototype user interfaces for the digital euro. The digital euro’s compatibility with
Saylor tweeted a link to a recent blog article he authored about Bitcoin and the environment. Saylor believes the world produces significantly more energy than it needs. Michael Saylor, a Microstrategy executive, is a major believer in Bitcoin. Last week, the United States Office of Science and Technology Policy issued
Nassim Nicholas Taleb said that Millennials and GenZ don’t understand the economy. Taleb warned of the Federal Reserve’s decision to reduce interest rates. Bitcoin is a “tumor,” according to former crypto supporter turned critic Nassim Nicholas Taleb. On Thursday’s episode of CNBC’s Squawk Box, author of The Black Swan Nassim
Bukele is also responsible for El Salvador’s Bitcoin purchasing binge. Global markets credit research, Fitch lowered El Salvador’s debt rating from CCC to CC. El Salvador’s current president, Nayib Bukele, has reportedly declared his intention to run again in 2024. El Salvador was one of the nations whose highest court
President Joe Biden had ordered government agencies to assess cryptos’ pros and cons. A digital dollar might pave the way for a payment system as per the framework. With widespread cryptocurrency use on the increase, officials have been keeping a close watch on the industry. For example, SEC Chair Gary
The US CFTC is preparing to become a key crypto market regulator. They will allow the CFTC to act quickly to implement this digital market monitoring. According to the CFTC chairman, Rostin Behnam, the US Commodity Futures Trading Commission is prepared to become a major regulator of the cryptocurrency market.
The modern consumer has a deep interest in crypto-based financial dealings. As a result of the collaboration, stores will be able to take several cryptocurrencies. BigCommerce, a Nasdaq-listed e-commerce platform, has revealed a new collaboration meant to strengthen and broaden the company’s crypto ecosystem. It has formed a partnership with
The arrest of the criminal was noted on the website of the Dutch police force. This person is suspected of using a malicious Electrum wallet software update. Central Netherlands cybercrime officers have detained a 39-year-old man from Veenendaal on allegations of laundering tens of millions of euros via fraudulent use
