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Standard Chartered Predicts $1T Bank Outflows to Stablecoins

Multinational bank Standard Chartered predicted that more than $1 trillion could exit emerging market banks and flow into stablecoins by 2028 as demand for US dollar-pegged crypto assets accelerates.  In a Monday report, Standard Chartered’s Global Research department said that it expects global stablecoin adoption to accelerate as payment networks and other core banking activities…

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California’s new AI safety law shows regulation and innovation don’t have to clash 

SB 53, the AI safety and transparency bill that California Gov. Gavin Newsom signed into law this week, is proof that state regulation doesn’t have to hinder AI progress.   So says Adam Billen, vice president of public policy at youth-led advocacy group Encode AI, on today’s episode of Equity.  “The reality is that policy makers themselves know that we have to do something, and…

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Bitcoin Rallied To A New High On Sunday

Today in crypto, Bitcoin rallied to a new high on Sunday, Stripe CEO says stablecoins will force banks to offer users real interest on deposits, and US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off October with billions in inflows. Bitcoin rally to $125,000 fueled by US gov’t shutdown, macro factors: Analysts Bitcoin breached a new…

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