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Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security.  On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter
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Descending from the triple-height ceiling of the lobby of the new Garza Blanca Resort & Spa Cancun, Mexico, are 1600 light fixtures. Against the distant gold ceiling, they appear to be floating, an ethereal element in a vast, dramatic space. “The wow factor is a very important part of our design,” says Carlos Alberto Palomera
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Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB),
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Municipals were firmer to end the month, but underperformed a U.S. Treasury rally following cooler-than-expected inflation data that fueled recession fears. Equities sold off leading to the S&P 500 closing with the worst first half performance since the 1970s. “A global central bank effort to fight inflation is driving rising recession fears that has given
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Pro bono is short for the Latin phrase pro bono publico, which means “for the public good.” The term generally refers to services that are rendered by a professional for free or at a lower cost. Professionals in many fields offer pro bono services to nonprofit organizations. These organizations include hospitals, universities, national charities, churches,
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In today’s environment, financial institutions face challenges that include: ● New and more complex calculations due to regulatory demands (i.e., FRTB) and climate risk● Explosive data growth and the need to move and analyze this data● Limited on-premise compute capacity● Need to improve time to value by accelerating risk model deployment to production To help
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Gov. Phil Murphy signed New Jersey’s largest budget into law Thursday. As the nation faces an economic slowdown, Murphy addressed a joint session of New Jersey legislators and told them that the record $50.6 billion spending package, which follows strong consecutive tax seasons and includes a $7.8 billion surplus, avoided using “temporary windfalls for long-term
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Pretty soon we’ll be looking at the “Two Dollar Tree”, and the financial impact on the general population will be…  by Craig Hemke via Sprott Money News You’ve seen these places, right? They’re all over the U.S. south and other sparsely-populated spots. They’ve recently moved into urban areas, too. Everything is priced at $1.00…or at
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The Supreme Court’s ruling Thursday limiting the Environmental Protection Agency’s (EPA’s) ability to regulate carbon emissions could ultimately lead to decisions that impact the federal government’s ability to regulate everything from climate change to tech. In a 6-to-3 decision, the court ruled that the EPA overstepped its authority by passing rules to cut power plant
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Several economists took the knife to their second-quarter GDP forecasts in the wake of a disappointing consumer spending report that has added to concerns about a slowdown for the US economy. Some forecasters even think the world’s biggest economy will contract for the second consecutive quarter, passing the threshold for a technical recession. Personal consumption
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This week, Docupace’s turn-key Advisor Transitions Program hit a milestone it has been building to since its launch in 2017.  The California-based fintech focused on helping financial professionals on the move “re-paper” all client accounts at one time has successfully transitioned more than 500,000 clients for advisors going to new wealth management providers. Docupace CEO
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Facing record-high year-over-year rates of inflation, the Fed has been trying to combat it with a series of rate hikes that many Americans haven’t seen in decades. Rising mortgage rates have certainly had an impact on housing markets in the United States, with the number of home sales nationally declining by 7.4%, from 636,507 home
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