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Microsoft’s $1.5 billion boost drives G42 and AI partnership globally
In a move set to galvanize the landscape of artificial intelligence (AI) development, Microsoft has announced a hefty $1.5 billion investment in G42, the foremost AI technology holding company headquartered in the UAE.
The strategic…
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Bitcoin’s $62K dive sparks exodus amid market mayhem
In a swift and tumultuous turn of events, the cryptocurrency market witnessed a significant downturn on Friday evening, followed by another violent plunge on Saturday. This downward spiral resulted in a massive outflow of approximately $200…
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Senate’s push for stablecoin regulation reform intensifies
Senator Kirsten Gillibrand announced plans to unveil new legislation aimed at regulating stablecoins, a move anticipated to occur as early as this week. Speaking at the Bitcoin Policy Summit held at the National Press Club in Washington on…
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ADB projects India’s economy to grow steadily by 7% in FY2024
The Asian Development Bank (ADB) has revised its projection for India’s gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid expansion of 7%. This upgrade, disclosed in the latest release of the ADB’s…
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OPEC predicts 2.25 million bpd surge in global oil demand
The Organisation of the Petroleum Exporting Countries (OPEC) announced Thursday that it anticipates a surge in world oil demand, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025. In its…
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Fast-food giant McDonald’s buys out entire Israel franchise
McDonald’s Corporation has inked a deal to acquire all 225 outlets of its Israel franchise, the American fast-food giant announced. This move comes in response to a significant downturn in sales amid the ongoing Israel-Hamas conflict and…
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Binance NFT announces halt on bitcoin NFT support
Binance NFT, a leading platform for digital collectibles, has announced its decision to discontinue support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its marketplace. The announcement, made on April 4, 2024,…
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Bitcoin slides $5,000 amid rising treasury yields and dollar strength
Bitcoin experienced a significant drop of $5,000 within a span of 24 hours, as interest rates surged, marking the second consecutive day of decline for the cryptocurrency at the outset of the new month and quarter. This decline was…
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Bitcoin price dips below $70,000 amidst rising volatility
Bitcoin faced a downturn early Monday, slipping below the $70,000 mark as volatility surged in anticipation of this month’s looming block reward halving. Currently trading at around $69,565, Bitcoin experienced a 1.1% dip within the day,…
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US national debt crosses $141 trillion mark, crisis feared
A stark warning reverberates through the corridors of economic powerhouses as concerns mount over the trajectory of the United States’ national debt. Against the backdrop of a blockbuster report projecting a staggering $141 trillion debt…
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