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JP Morgan buys First Republic Bank
U.S. banking giant JP Morgan has been confirmed as the new owner of First republic bank after presenting a winning bid. The First Republic Bank collapsed in April, prompting the regulators to take control of it. It's now the third major bank to fail in only two...
Meme coins dominate the crypto market as top gainers
Meme coins, the coins driven by speculations only have showcased an increased growth in the past 24 hours. They have claimed the top four spots of the highest gainers in the crypto market today even as the whole crypto market dropped by 1.98% to $1.18T total...
Twitter partners with eTORO to allow for stocks and crypto trading
The social media giant, Twitter, has partnered with financial services provider eToro to allow crypto and stock trading. This development comes after Elon Musk recently revealed that he wants the social media platform to be the most significant financial establishment alongside providing other services to its users.
G7 finance leaders promise financial stability
Group of Seven (G7) finance heads have promised to take action to strike stability of the global financial system following the recent banking collapse. They have stated that they will give low and middle-income countries a more significant focus on diversifying supply chains to make them more resilient.
Ethereum Shapella upgrade goes live today; what to know
Ethereum is almost completing its process of transitioning to the full Proof of Stake mechanism. Its community chose this validation mechanism over Proof of Work because it is more energy efficient and faster in transaction speeds.
E-commerce giant Alibaba to roll out ChatGPT AI competitor
Jack Ma’s Alibaba has announced that it plans to roll out its AI chatbot, Tongyi Qianwen. The company will roll out the chatbot and integrate it with its tech ecosystem in the “near future”.