News list for " said Thursday"
On January 30, crypto trading platform Kraken said on Thursday that customers in 39 eligible states will be able to participate in staking using KrakenPro, where tokens will be locked for a period of time, depending on the relevant blockchain. Currently, users can pledge 17 assets, including ETH, SOL, DOT, and ADA. In March 2023, Kraken agreed to terminate its pledge-as-a-service platform for U.S. customers and pay $30 million to settle Securities Exchange Commission (SEC) allegations that it pr...
Thailand's finance minister told a Securities and Exchange Commission meeting on Thursday that the government is considering issuing government bond-backed stablecoins that could be used to make payments to merchants and could attract investors.
Ted Peake, Morgan Stanley's chief executive, said on Thursday that the bank would work with US regulators to see whether it could engage deeply in the cryptocurrency market. "The key for us is whether we, as a highly regulated Financial Institutions Group, can act as traders," Mr. Peake told CNBC at the World Economic Forum in Davos, Switzerland. "We will work with the Treasury and other regulators to see how we can provide this service in a safe way."
OpenAI said on Thursday that ChatGPT Enterprise had broken through 1 million in paid users, indicating that demand for its chatbots is still growing among businesses. The figure includes the total number of people who have signed up to use ChatGPT Team and Enterprise services for companies and university personnel using ChatGPT Edu products. OpenAI said in April that it had 600,000 enterprise ChatGPT users. OpenAI launched ChatGPT Enterprise a year ago with additional features and privacy protec...
OpenAI said Thursday that ChatGPT now has more than 200 million weekly active users, double what it was a year ago. OpenAI also said that 92% of Fortune 500 companies use its products, and that usage of its automated API has doubled since the release of ChatGPT-4o in July.
The European Central Bank's governing council and Bundesbank president said on Thursday local time that the European Central Bank must remain "cautious" and not rush to cut key interest rates. In his speech, Nagel said that the tightening of the labor market and economic growth may delay the sustained return of euro zone inflation to the central bank's 2% target. He said: "It cannot be taken for granted that prices will return to stability in time. Therefore, we need to exercise caution,...
Collins, the Federal Reserve, said on Thursday that she believes the central bank has the ability to reduce inflation without triggering a recession, and hinted at support for a rate cut starting next month. "I think there is a clear path to achieving our goal that will not lead to an unnecessary recession and will allow the job market to continue to be healthy," Collins said.
Crypto lending platform Ledn said Thursday that it processed more than $1.16 billion in digital asset loans in the first half of 2024. Events such as the recent bitcoin halving and the launch of an Ethereum ETF in Asia fueled growing demand for the company's services in the second quarter. Of the total $1.16 billion in loans, institutional client loans accounted for $969 million.
U.S. Treasury Secretary Janet Yellen on Thursday praised President Joe Biden for achieving a "remarkable economic recovery" and said second-quarter GDP and inflation data confirmed the country was on a path of "steady growth and lower inflation". Yellen said Biden had restored America's place in the world. This is the first time since Biden ended his campaign and endorsed Vice President Harris as his successor.
According to the New York Times, several people close to Mr. Biden said Thursday that they had bowed to growing demands from many anxious members of the party who believed he had come to terms with the idea that he might not win the presidential election in November and might have to withdraw from the race. One person close to him warned that the president had not yet made up his mind to withdraw from the race, after three weeks of insisting that little could be done.
MakerDAO said Thursday that it plans to invest $1 billion of its reserves in tokenized U.S. Treasury products. Top players in the space, including BlackRock's BUIDL, Superstate and Ondo Finance, said they would actively participate in the plan. According to reports, MakerDAO's plans signify a major shift in its reserve strategy, with the protocol leading the real-world asset (RWA) trend for cryptocurrencies, in part backing its decentralized stablecoins, which are backed by a range of partners h...
Cryptocurrency custodian firm Fireblocks said Thursday that five companies, Zodia Custody, Komainu, CloudTech, Zerocap and Rakkar, will join its Global Custodian Partner Program. The Global Custodian Program offers cryptocurrency institutions using Fireblocks technology the option of having local third-party cryptocurrency custodian in their respective jurisdictions (UK, Australia, Singapore, UAE and Japan). Fireblock's recently announced New York Trust Company application, once approved, will m...
Nigerian prison officials said Thursday that Tigran Gambaryan, a Binance executive being held in the country, did not have "serious health conditions" and was "in good condition" during his detention. Gambaryan's family has insisted in recent weeks that his health is deteriorating, but a spokesperson for the Nigerian Correctional Service has insisted that the prison can meet Gambaryan's health needs.
