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  • Sep 04, 2024

'Wall Street', 'American Psycho' Studio Raising Film Funding via Avalanche

The son of a storied Hollywood producer is taking his father’s company where few in town have dared venture: into crypto. Pressman Film, an independent production house that helped create classic movies including “Wall Street” and “American Psycho,” announced on Thursday that it will use investment platform Republic—on blockchain network Avalanche—to launch a tokenized public fund that will allow members of the public to invest in a slate of upcoming films.  “My father, Edward R. Pressman, is wi...

  • Sep 04, 2024

Nearly 90% of Crypto Firm Applications Rejected by UK Regulator

The UK doesn’t seem to be warming up to crypto. A report released Thursday by the country’s financial watchdog said that nearly 90% of applications from crypto firms were rejected over the past year.  The reason? Inadequate protections against fraud.  “Over 87% of crypto registrations were rejected, withdrawn or refused for weak money laundering controls,” the Financial Conduct Authority (FCA) said in its latest annual report. The FCA regulates financial services firms and financial markets in t...

  • Sep 04, 2024

Fed rate-cut size this month to hinge on job market health

(Reuters) -Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-market health will be key to how big an interest-rate cut they deliver. Analysts largely expect the Fed to stick to a quarter-point reduction, given that employers have continued to hire although at a slower pace than before, and with the unemployment rate on the rise but still at a relatively low 4.3%. But data on Wednesday showing job openings in July fell to the lowest level in three and a half years may add to the sense that the job market may be nearing a tipping point, and could build the case for a larger rate cut.

  • Sep 04, 2024

Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether

Swiss retail customers of the country’s largest cantonal bank now have the ability to buy, sell and hold the two most popular digital assets: bitcoin and Ethereum. ZKB is handling the custody of crypto-assets a service that can be offered to other Swiss banks. The fourth-largest bank in Switzerland, Zürcher Kantonalbank (ZKB), has begun offering retail customers the ability to buy, sell and hold the two most popular cryptocurrencies: bitcoin {{BTC}} and Ethereum {{ETH}}.

  • Sep 04, 2024

Philadelphia Fed says it is looking for Harker successor

NEW YORK (Reuters) -The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer. "We will run an open and inclusive nationwide search including broad input" from the Philadelphia Fed district, Anthony Ibarguen, CEO of Quench USA and chair of the Philadelphia Fed's board of directors, said in a press release. "Our goal is to find a new leader who will carry on President Harker's service to our communities and commitment to promoting a strong U.S. economy."

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