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Latest Results from /markets

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ChatGPT interprets 'Fed speak' to predict direction of interest rates

A new study by researchers at Sheffield Hallam University demonstrates the ability of large language models like ChatGPT to predict future interest rate decisions by central banks.

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DTCC buys blockchain outfit Securrency

The Depository Trust & Clearing Corporation (DTCC) has agreed to buy blockchain-based fintech Securrency. Financial terms were not disclosed.

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New York sues Gemini and DCG for defrauding investors of $1.1bn

New York Attorney General Letitia James has filed a lawsuit against crypto firm Gemini and Digital Currency Group for allegedly defrauding nearly quarter of a million investors of more than $1 billion.

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Globacap raises $21m to digitise private capital markets

Globacap, a technology firm working to digitise and automate the world’s $12 trillion private capital markets, has raised $21 million in Series B funding.

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Fintech chiefs raise AI regulatory fears in Parliament

Leaders from the fintech and artificial intelligence (AI) industry gathered in Parliament last night for a special debate on the ethical and regulatory challenges posed by the technology to the UK.

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Binance stops accepting new UK customers

Binance has stopped accepting new users in the UK while it works to find a partner to help it meet recently-introduced crypto asset promotion rules.

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SEC head warns AI could cause financial crisis

It is "nearly unavoidable" that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.

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JPMorgan moves to commercialise blockchain with Tokenized Collateral Network

JPMorgan Chase has transformed money market fund shares into tokens to execute an over-the-counter derivatives trade between BlackRock and Barclays Bank using blockchain technology.

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Upvest raises €30 million and secures deal with BlackRock

Upvest, a Berlin-based startup offering a plug-and-play API for fintechs entering the investment market, has raised €30 million and secured a deal with BlackRock to make investing more accessible for millions of people across Europe.

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Untangled Finance raises $13.5m to bring institutional grade private credit on-chain

UK fintech Untangled Finance has raised $13,5 million for it platform to bring institutional-grade credit with a built-in liquidation mechanism on-chain.

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Sustainable Finance Live 2023: The bank’s role in financing sustainable cities

Moving swiftly to the interactive workshop, the session Sustainable Finance Live is known for was hailed as being a rapid cocreation opportunity for attendees and where ideas became reality in just an hour.

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Sustainable Finance Live 2023: How to move fast and break things to disrupt the inertia

Kicking off Sustainable Finance Live 2023 at Events@no6 in London, founder of ResponsibleRisk Richard Peers, highlighted the objective of this year’s event, to bring people together in their likeminded desire to drive sustainability in their work.