FameEX Morning Crypto News Recap | March 28, 2024

Goldman Sachs Notes 'Significant Number of Key Clients' Increasing Activity in Cryptocurrency

Goldman Sachs has observed a surge in cryptocurrency engagement among its major clients, spurred by the approval of spot Bitcoin exchange-traded funds (ETFs) and a rebound in BTC prices. The Asia Pacific head of digital assets at Goldman Sachs highlighted that the recent ETF approval has reignited interest and activity in the crypto sector among their clientele.

Tether Launches Worldwide Talent Search to Strengthen AI Division

Tether Operations Limited, the entity behind the Tether stablecoin, is broadening its artificial intelligence (AI) endeavors and launching a worldwide search for elite talent for its AI division. The company aims to pioneer new benchmarks within the industry through its commitment to open-source AI initiatives.

Bank of Japan Executive Director: Inflation Expected to Hover Around 2% in Coming Years with Continued Easy Monetary Policy

Yoshiko Shimizu, the Executive Director of the Bank of Japan, forecasts an inflation rate near 2% in the coming years. Consequently, the Bank is likely to keep interest rates stable, ensuring a relaxed monetary policy continues for some time to support economic stability and growth.

Fed Governor Waller: Current Economic Conditions Do Not Warrant Hasty Interest Rate Cuts

Fed Governor Waller advises against rushing to lower interest rates given the economic landscape, hinting that the Federal Reserve may hold its interest rate target steady for an extended period. Current data point to fewer rate reductions anticipated this year.

Australia's Inflation Rate Decline Slows, Making RBA Rate Cuts Unlikely This Year

In a report by HSBC economists Paul Bloxham and Jamie Culling, it's noted that although Australia's inflation rate has decreased since its peak in late 2022, recent data suggest a possible slowdown in the rate of decline. Consequently, they predict that the Reserve Bank of Australia is unlikely to reduce interest rates within the current year.

BitDeer Aims to Secure $500 Million for Bitcoin Mining Expansion

BitDeer, a cryptocurrency mining firm, is seeking $500 million with the help of a financial advisor to boost its Bitcoin mining operations and fund other initiatives. Although financing details are currently under deliberation and may shift, a representative from BitDeer has refrained from making any comments.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.