• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bank of England Chief Economist Peel: We should not give the impression that "the current rate hike is the beginning of a series of rate hikes".On October 15th, at 8:11 AM, DeepSeeks website and app began experiencing service outages. The official service status page displayed "DeepSeek website/API service partially interrupted." As of 11:30 AM, DeepSeek had still not restored normal service, and the outage had lasted for over 3 hours. Industry analysts suggest the crash may have stemmed from a computing power supply issue. Regarding the cause and specific details of the crash, DeepSeeks official service status records show at least 10 large-scale outages this year, including reports of "service unavailable" and "service anomalies," as well as more frequent reports of "performance degradation."October 15th - A series of economic and geopolitical upheavals suggest that the European Central Bank (ECB) may need to adopt a slightly tighter monetary policy stance. This is the view expressed by one of the candidates to succeed Christine Lagarde as ECB president. "I think there is currently financial fragmentation, coupled with the outbreak of these geopolitical risks, which will continue to trigger a series of negative supply shocks," Klaus Noether said on Thursday. "Im concerned we may see more of this in the coming years." He added, "For the ECB, this means it may need to approach the 2% target more frequently from above rather than from below, so its policy stance is likely to become more hawkish." Noether, who served as governor of the Dutch central bank, will serve on the ECBs Governing Council for 14 years until 2025. He stated that the ECBs current "prudent" policy stance is "the right thing to do." "We must take the necessary measures, but minimize the impact as much as possible," he said. "The ECB enjoys a very high level of credibility, and I think that credibility will be very helpful in the current situation."On October 15th, renowned white-hat security researcher Yuki Chen announced his joining Zhipu. He stated on social media that he will leverage cutting-edge AI technology to build a more secure cyberspace. Chen previously served as the director of the 360 Vulnerability Research Institute.Japanese Minister of Economy, Trade and Industry Ryosuke Akazawa: Chip projects are of great significance in the era of artificial intelligence.

Crypto lender Nexo to quit United States

Skylar Shaw

Dec 06, 2022 15:13

微信截图_20221206100754.png


Due to disagreements with regulators, UK-based cryptocurrency lender Nexo announced on Monday that it would gradually stop offering its products and services in the United States.


In a blog post on Monday, Nexo stated that "our decision comes after more than 18 months of good-faith communication with US state and federal officials that has come to a dead end."


When it comes to the cryptocurrency realm, crypto lenders operate like banks, giving their clients interest on the cryptocurrencies they deposit on their platform.


During the COVID-19 pandemic, the businesses expanded quickly, but when the cryptocurrency markets crashed early this year, a number of lenders frozen withdrawals, leaving consumers with significant losses. This year, significant U.S. lenders Celsius, Voyager Digital Ltd, and BlockFi have all declared bankruptcy.


In September, Nexo was accused of failing to register its Earn Interest Product by eight U.S. state regulators.


According to the California Department of Financial Protection and Innovation, Nexo's interest-earning accounts offered interest rates of up to 36% annually. Nexo claimed that the 36% interest rate only applied to one asset and that the high rate was not advertised.


Following the collapse of the important exchange FTX last month, legislators from around the world have increased their calls for regulation of cryptocurrency companies.


As it exits the United States, Nexo stated it will still process customer withdrawals "in real-time."