Standard Chartered
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Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week
Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week June 4 : Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a "painful" week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has tumbled more than 15 per cent since Monday, when Michael Saylor's Strategy, the largest corporate...
Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts
Standard Chartered's CEO, Bill Winters, has apologised for describing some of the nearly 8,000 staff facing job cuts due to AI as "lower-value human capital." The apology followed significant backlash after the London-headquartered bank announced plans to eliminate approximately 7,800 back-office roles.
Turkish lira-pegged stablecoins most widely used after dollar tokens, Zodia says
Turkish lira-pegged stablecoins most widely used after dollar tokens, Zodia says PARIS, June 2 : Stablecoins pegged to the Turkish lira were the second-most widely used stablecoins among clients at Standard Chartered's crypto subsidiary last year, although volumes remain small compared to dollar-pegged tokens, Zodia Markets said on Tuesday. Stablecoins, a type of cryptocurrency pegged to fiat currency, have surged in volume in recent years but are mostly used in crypto trading and not widely...
Experts warn of ‘potentially harmful’ beauty products sold on major online marketplaces
Experts warn of ‘potentially harmful’ beauty products sold on major online marketplaces UV nail gel, skin lighteners and Kambo skin cream are three products highlighted as key concerns by the Chartered Trading Standards Institute - Bookmark - CommentsGo to comments Potentially harmful gel nail polish imported directly from China is being sold on major online platforms, an expert has warned MPs, criticising Amazon for failing to "hold to account or vet" its sellers. Richard Knight, lead...
New powers to shut down ‘dodgy’ vape shops and barbers for a year
New powers to shut down ‘dodgy’ vape shops and barbers for a year The Government plans to bring in secondary legislation to extend the closure orders by the end of the year - Bookmark - CommentsGo to comments Police are set to gain significantly expanded powers to shut down businesses linked to organised crime, including vape shops, barbers, and nail salons, for up to a year. New legislation, expected later this year, will double the current maximum closure period of six months. The Home...
Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates
Bitcoin is getting pummeled to kick off June as the market loses its dominant narrative and liquidity continues to rotate into other assets. The combination has left the flagship cryptocurrency vulnerable to further downside pressure as investors scale back risk and capital shifts toward markets with more momentum or more obvious near-term catalysts, like the chip rally or the SpaceX IPO. Bitcoin is down 13% this week and heading for its worst week since February, according to Coin Metrics.
VR Man in 2026? One fan reimagined Singapore's TV superhero in an AI-generated video
One fan reimagined Singapore's TV superhero in an AI-generated video A VR Man fan created an AI-generated tribute imagining what Singapore's first TV superhero might look in 2026, complete with upgraded armour, bigger action and plenty of nostalgia. Singapore's very own TV superhero who burst onto the screens in 1998 wearing a black spandex suit and half mask, in what remains one of local television's most unforgettable experiments. Played by James Lye, the hunky actor-turned-global head of...
Jamie Dimon in China: As AI adoption accelerates, we will hire more AI specialists
America’s largest bank JP Morgan CEO Jamie Dimon recently said that the bank plans to hire more artificial intelligence specialists as the adoption of technology accelerates. Speaking at the bank’s China Summit in Shanghai with Bloomberg, Jamie Dimon said “I think it will reduce our jobs down the road”, adding “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.” Striking a...