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Study: Generative AI Could Add Trillions to Global Economy
31.7.2023
A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools...
India Poised to Leapfrog Major Economies, Becoming World’s Second-Largest by 2075, Goldman Sachs Report Predicts
11.7.2023
In a recent report, Goldman Sachs Research details that India is set to outpace Japan, Germany, and the U.S. to become the world’s second-largest economy by 2075. The financial institution’s researchers predict a dramatic expansion in India’s gross domestic product. Economic...
Goldman Sachs: Bitcoin, Ether Supply on Exchanges Fell in June – Bull Market Back?
5.7.2023
Exchange balances of Bitcoin (BTC) and Ether (ETH) fell significantly in June as more crypto holders chose to take self-custody, a report by investment bank Goldman Sachs has said.
Analyzing on-chain data, the Goldman Sachs report said it is likely that many crypto investors have moved their...
Report: Disney Really Did Turn A Hillary Robot Into Donald Trump
29.6.2023
We’ve tried to scrub as much of the time period from our collective memories as possible, I know, but if you cast your mind back to the Presidency of Donald Trump, and 2017 specifically, you might remember one of the weirdest stories to emerge was one involving Disney, an animatronic robot...
Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn
25.6.2023
The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since...
Goldman Sachs: Markets Too Optimistic About Inflation Cooling
19.6.2023
Goldman Sachs’ strategists have cautioned that markets seem to be more optimistic than they are about the pace of inflation’s decline. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,” they...
Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
6.6.2023
The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said
Apple and Goldman Sachs Don’t Trust Their New Banking Customers
2.6.2023
“Security Reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects
Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later
23.5.2023
U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real deadline” for a possible U.S. default is “more like”...
Microsoft, Goldman Sachs, and Others Back Canton Network, a New Financial Blockchain – Here's What You Need to Know
15.5.2023
A number of prominent technology and digital asset firms have expressed support for Canton Network, a new blockchain seeking to streamline financial markets through the use of Web3 technology.
In a recent press release, the platform called Microsoft, Capgemini, Deloitte, IntellectEU, and Umbrage...
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network
13.5.2023
This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
12.5.2023
A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid...
Goldman Sachs: Crypto Investments in Family Offices Rise Despite 2023 Market Slump
10.5.2023
In spite of the ongoing cryptocurrency market downturn, family offices are ramping up their investments in crypto assets, according to a recent report released by U.S. investment bank Goldman Sachs. ...
Read More: Goldman Sachs: Crypto Investments in Family Offices Rise Despite 2023 Market Slump
Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals
9.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family...
Microsoft, Goldman Sachs, others partner in new blockchain network
9.5.2023
The Canton blockchain network for financial institutions is being launched by Digital Asset and a group of firms, including Microsoft, Goldman and Deloitte
32% of home offices invest in digital assets: Goldman Sachs
9.5.2023
While the interest in crypto investments was on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market
Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and Others
9.5.2023
Financial technology company Digital Asset has announced it will be launching a privacy-enabled interoperable blockchain network designed for institutional assets to provide a decentralized infrastructure, it announced Tuesday
White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week
21.3.2023
With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to...
Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B
18.3.2023
Bitcoin has decoupled from stocks and rising ten years after the Cyprus banking crisis coincided with a BTC price boom
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
14.3.2023
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of...