Goldilocks: "Current Market Conditions and More: Tuesday 4-4-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted comments, some with links:
Current Market Conditions:
European markets are modestly higher brushing off worries over oil prices.
Oil extends gains following Saudi led production cut.
Dollar slips as Fed rate cuts later this year look possible.
Sterling at highest level since June 2022.
Gold edges lower as traders gauge OPEC plus output cards with US data.
Australia's Central Bank pauses rate hikes in the midst of Global uncertainty.
Apple cuts a small number of jobs in corporate retail teams.
AMC stock plunges after a company agrees to settlement terms opening up APE conversation.
Asian markets are mixed as surging oil prices fan inflation fears.
Dogecoin surges after Twitter changes their logo to the face of the Dogecoin.
© Goldilocks
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"Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo Join Versana's Transformative Digital Data Platform"
Versana is an industry-backed data and technology loan company.
Versana digitally captures a bank's data in a real-time.
Versana offers transparency into corporate loan level details and portfolio positions.
Their intentions are to bring efficiency and velocity to the entire market through a centralized platform.
They currently have the attention and investment of some major banks around the world, and this service is expected to populate inside banks connecting to the new global economy.
Loans are an essential part of a bank's life force and the communities/companies they serve.
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The bridge between Web 2 and Web 3 is here. Companies, Banks, and people can now move their services onto a decentralized platform.
Oort launched its decentralized storage service (Oort DSS) to enable this move forward.
"Oort, a Web3 data cloud service provider, is proud to announce the official release of its decentralized object storage service (Oort DSS) that enables users to store and retrieve data securely from anywhere at any time."
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The Consumer Financial Protection Bureau is an official website of the United States government.
It is currently finalizing rules that monitor small business lending practices.
This new rule has until 2025 to get into compliance.
The purpose of this rule is to protect small businesses in local economies.
"The bureau’s final rule was enacted to increase transparency in small business lending and prevent unlawful discrimination."
© Goldilocks
https://www.jdsupra.com/legalnews/cfpb-finalizes-rule-to-monitor-small-2491400/
https://www.acainternational.org/news/congress-responds-to-cfpb-small-business-lending-data-collection-rule/
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"So, we finally have the long-awaited next step in the ever-evolving regulatory framework that applies to crypto. By way of recap, cryptoasset exchange providers and custodian wallet providers need to be registered with the FCA under money laundering legislation."
The FCA is the Financial Conduct Authority.
The FCA has “rule-making, investigative, and enforcement powers.”
Their purpose is to regulate the financial services industry.
In the continuing dialogue and integration of our new digital asset based trading economy, this financial service will go a long way in regulating and monitoring the integration of our new digital economy.
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