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Hertz to unload 30K used Teslas
Hertz is in the midst of offloading a substantial segment of its electric vehicle (EV) fleet, which includes about 30,000 Teslas. The move follows considerable financial setbacks and difficulties associated with maintaining and depreciating these vehicles. Read more
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US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. Read more
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Legacy and lessons of Jim Simons
Jim Simons, a renowned mathematician, hedge fund manager, and philanthropist, left an indelible mark on the worlds of mathematics, finance, and philanthropy before his passing on May 10, 2024, at the age of 86. Read more
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The List of Cryptocurrencies the SEC Called a Security in the Latest Kraken Lawsuit
Cardano (ADA) and Solana (SOL) are among the crypto assets labeled securities by the US SEC. Read more
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Nearly all stablecoin transactions are from bots and large-scale traders, not genuine users, study says
More than 90% of stablecoin transaction volumes aren’t coming from genuine users, according to a new metric co-developed by Visa Inc., suggesting such crypto tokens may be far away from becoming a commonly used means of payment. Read more
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Tokenizing money is the ‘greatest innovation’ after fiat
According to a Tether executive, tokenizing fiat currencies like the U.S. dollar is the greatest innovation since the invention of fiat and will enable new mechanisms in global finance in the coming years. Read more
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JPMorgan and Visa jump into ambitious tokenisation project in bullish sign for digital ledgers
In a major effort to upgrade the backbone of the global financial system, JPMorgan Chase and Visa have joined a project to test the feasibility of tokenising cash and other assets, SIFMA, a securities industry trade group announced Wednesday. Read more
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WEALTH TRANSFER HAPPENING THIS YEAR AS ‘LARGEST MOVE OF ASSETS IN WORLD HISTORY’ APPROACHES CLIMAX
Big Four accounting firm Ernst & Young (EY) says the greatest transfer of wealth in human history is in motion, with trillions of dollars in assets passed down this year. Read more
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Apple’s historic $110b share buyback
Apple recently announced a record-breaking $110 billion share buyback plan, the largest in U.S. corporate history. This surpasses Apple’s own previous record of $100 billion in share repurchases authorized in 2018. Read more
