Nvidia's CEO draws Pope Leos criticism as AI safety concerns surge 50%

Pope Leo XIV has condemned US President Donald Trump and Nvidias CEO, Jensen Huang, for downplaying the threat posed by AI technology. The Pope said that ignoring the threats posed by technology endangers our common future, and that the world should take human safety more seriously.  Earlier this month, Huang rejected the idea of new rules to protect people from potential risks posed by artificial intelligence, contrary to some other executives‘ views. He noted, “We don’t need new laws — we dont need new regulations.”  He further asserted that developers should not have to choose between moving fast and staying safe, insisting that rapid technological progress and robust security can absolutely go hand in hand.  More recently, the firm just launched new AI safety tools, including its watchdog system Sentry. Pope Leo told reporters he saw the firm‘s safety-related rollout, but he questioned how dedicated Huang really is to safety, given his opposition to federal oversight. “He’s the same one, however, that says there should be no limits placed and no government regulation,” he said.  Discover more  Bitcoin price tracker  Coinbase trading platform  FINANCE  Pope Leo asks leaders to cooperate in addressing AI safety concerns  In the first days of taking office, Pope Leo XIV had designated AI as

09-29انڈسٹری

Who Is John Waldron? Goldman's Likely Next CEO and His 2021 Bitcoin Remarks

John Waldron, long seen as Goldman Sachs next CEO, said in 2021 that client demand for Bitcoin (BTC) was rising. That remark offers a view into how he approaches crypto.  The Wall Street Journal reported that Goldmans board discussed a handover from David Solomon. Waldron could take over around the end of 2027 or in 2028, though the bank says no definitive timeline exists.  Sponsored  Sponsored  Who Is John Waldron, Goldmans Likely Next CEO?  Waldron, 57, joined Goldman in 2000. He became co-head of investment banking in 2014. Since October 2018, he has been president and chief operating officer (COO), the same month Solomon was named CEO.  In 2025, the board added him as a director and gave him a retention bonus. Wells Fargo analyst Mike Mayo has linked his expected rise to that award.  It was reported that Waldron is unlikely to change the strategy Solomon devised.  “They have been driving Goldmans priorities together.”  Mayo said of Waldron and Solomon.  Sponsored  Sponsored  Meanwhile, Waldron has led one major initiative. The banks proxy statement credits him with developing OneGS 3.0, an AI-driven efficiency plan. A staff memo in October 2025 capped headcount growth through year-end and flagged limited role cuts.  What Did Waldron Say About Bitcoin in 2021?  In March 2021, Waldron said more

09-29انڈسٹری

Bitcoin holds $83,000 as ZEC drops 12% and oil climbs again

“Bitcoin has pulled back to $83K, testing the lower boundary of last weeks consolidation range,” Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk. As with the market as a whole, a retest of the $82K region, where peaks were formed in May and early September, is entirely to be expected under current conditions.  “Looking ahead, a sustained return to prices below $80K would be an important signal that the market is not ready to move higher for some time yet. If, however, this consolidation is soon followed by a new bullish momentum, it could send the leading cryptocurrency well above $90K,” he added.  The pressure is coming from bonds and oil.  Treasuries steadied in Asia after tumbling during U.S. trading, with the 10-year yield up one basis point to 5.25% after reaching its highest level since 2007 on Monday. A higher guaranteed return on government debt raises the bar for holding assets that pay no income, bitcoin among them.  Brent rose more than 1% to nearly $107 a barrel, its second straight gain, as hopes for an imminent diplomatic breakthrough with Iran faded.  Pricier oil feeds into inflation, and traders have been adding to bets that the Fed will raise

09-29انڈسٹری

US bank group taps Quant for tokenized deposits, but QNT's role is left in doubt

Bank-owned US payments operator The Clearing House has chosen Quant to supply software for a planned network for tokenized bank deposits.  The September 24 deal gives Quant a role in moving digital representations of bank deposits between institutions, but it doesn‘t address whether those transactions require Quant’s QNT utility token.  QNT registered an intraday high of $373 on Sept. 27, but retraced heavily on Sept. 28, registering an intraday low of $195.35 before rebounding.  What Quant will provide  The Clearing House announced its On-Chain Money Initiative in June as a way for banks to clear and settle tokenized commercial-bank deposits across institutions. Unlike a publicly issued stablecoin, a tokenized deposit remains a claim on the issuing bank.  The planned network would connect this activity to established fiat payment systems, so bank money could move between on-chain and conventional infrastructure. The Clearing House says it aims to support immediate settlement and payments that trigger when agreed conditions are met.  On Sept. 24, The Clearing House selected Quant for the layer that connects systems, orchestrates activity and manages transactions. Its technology is also intended to link the network to RTP and CHIPS, two existing Clearing House payment systems.  Quants announcement described the same role and said it will offer

09-29انڈسٹری

Brazil Bans Online Betting Before Election, Keeps $492M in Licensing Fees

Key TakeawaysBrazils Provisional Measure 1,394 bans sports betting and online casinos, with sites offline from Oct. 6.The 85 license holders get no refund of the $492 million they paid, and operators plan to sue.A companion bill would criminalize processing betting payments, including through crypto.  A Seismic iGaming Change Just Before Presidential Vote  Brazils Provisional Measure 1,394 was published in an extra edition of the official gazette on the evening of Sept. 25 and took effect immediately. It prohibits the operation, offering, intermediation and advertising of all fixed-odds betting in Brazil, covering real sporting events and online casino games alike.  The ban explicitly reaches operators based abroad that serve people in Brazil, and it also ends betting concessions granted by Brazilian states. Other lotteries authorized by law are exempt. President Luiz Inácio Lula da Silva signed it at a ceremony in São Paulo, where Finance Minister Dario Durigan presented the measure. The move follows a week of reports that the government was drafting a ban by decree.  New deposits have been barred since publication. According to the government‘s timetable, bettors have until 11:59 p.m. on Oct. 5 to withdraw their balances, and licensed sites and apps go dark from midnight on Oct. 6. Bets not

09-29انڈسٹری

Janus Henderson Macro Head Says Market Is Near Its Top but Cannot Say When

Michael Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, said the market is nearing its top. He cannot say when the cycle will turn.  He discussed the recent jump in interest rates and the health of the US economy on CNBCs Fast Money.  Janus Henderson Sees a Late Cycle but a Healthy Economy  The Federal Reserve voted 12-0 on Sept. 16 to raise rates by 25 basis points, its statement shows. That lifted the range to 3.75% to 4%.  Discover more  Financial literacy course  Distributed Another Strategist Stays Bullish  Contopoulos is watching for margin compression, slower earnings growth, wider corporate credit spreads and an inverted yield curve. Credit spreads measure the extra yield companies pay over Treasuries.  An inverted curve occurs when short-term yields exceed long-term ones. Last Thursday, the 10-year Treasury yield reached 5.22% while the two-year hit 4.94%.  He also said most artificial intelligence (AI) debt sold in the past six to 12 months trades below issue price.  Contopoulos argued that synchronized global rate rises keep US yields elevated. Investors can sell Treasuries for better yields abroad. Japans 30-year bond yield hit a record 4.2% last week.  Not every strategist agrees the top is near. Turtle Creek strategist David Spika argues stocks could still rally 5% to

09-29انڈسٹری

October Crypto Wealth Code: Will BTC Rise or Fall? Hot Sectors, Token Unlocks, Airdrop Opportunities & Action Guide

Bitcoin posted three consecutive monthly gains from July through September. With only three months left in 2026, can the rally continue?  Looking at historical October performance, Bitcoin rose in 10 out of 13 years between 2013 and 2025, with a 76.9% probability of a positive monthly return, an average monthly return of approximately +17.2%, and a median monthly return of approximately +14.9%.  So, purely from a historical perspective, October has clearly been one of Bitcoins stronger months.  However, October this year presents a major divergence: Bitcoins fundamentals and technical structure are bullish, while the broader macro environment remains bearish.  From a technical perspective, Bitcoin has climbed back above its 50-week moving average for the first time in 45 weeks. Historically, this signal has often indicated that a bear-market bottom may be coming to an end.  From a market-data perspective, long-term holders have accumulated more than 3 million BTC since 2020, while approximately 81% of the circulating supply has remained unmoved for at least six months. The supply structure has therefore become increasingly concentrated among long-term holders. Bitcoin ETFs recorded $2.4 billion in net inflows last week, the highest weekly inflow of 2026, although daily inflows have been declining, suggesting that bullish momentum may be weakening.  The

09-29گہرا غوطہ

Gold Forecast: XAU/USD sees a dead cat bounce ahead of US jobs data

Gold attempts a tepid recovery from an eight-week low of $4,110, reached on Monday, pausing the sharp sell-off early Tuesday.  Gold remains vulnerable as US jobs data looms  Gold is seeing a dead cat bounce as sellers take a breather, with the US Dollar (USD) entering a phase of bullish consolidation alongside the US Treasury bond yields.  The global bond rout deepened on Monday, bringing the monthly sell-off to its heaviest in two years and sending the benchmark 10-year US Treasury yield to a 19-year high above 5.27%.  Soaring yields triggered a massive meltdown in global stocks, making them less attractive as an alternative investment. As a result, a ‘sell everything’ mode ensued, and Gold crumbled almost 4%. Investors liquidated their Gold long positions to cover their losses in bond and stock markets.  The bright metal also faced headwinds from increased bets on an October US Federal Reserve (Fed) interest rate hike, which bolstered USD and weighed heavily on non-yielding assets such as Gold.  Discover more  Blockchain development services  Financial Markets News  Blockchain technology consulting  Markets are pricing in a 70% chance of a rate hike in October, according to CME Groups FedWatch Tool.  Elevated Oil prices, amid the US-Iran standoff and renewed threats of US strikes on Iran, keep global

09-29انڈسٹری

Australian Dollar consolidates above 0.7000 vs USD before RBA decision

The AUD/USD pair extends its consolidative price moves through the Asian session on Tuesday, trading just above the 0.7000 psychological mark, near the lowest level since August 4 ahead of the Reserve Bank of Australia (RBA) decision.  The Australian central bank is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) after keeping rates unchanged at its previous two meetings. Meanwhile, the key focus will be on the accompanying Monetary Policy Statement (MPS) and RBA Governor Michele Bullocks comments at the post-meeting press conference. Investors will look for cues about the future policy path, which, in turn, would drive the Australian Dollar (AUD) and provide some impetus to the AUD/USD pair.  Any positive reaction to a hawkish RBA outlook, however, is more likely to be limited amid the prevailing bullish sentiment surrounding the US Dollar (USD). Investors have been pricing in a greater possibility of another interest rate hike by the US Federal Reserve (Fed) in October amid energy-driven inflationary concerns, which continue to push US bond yields to multi-year highs. Apart from this, geopolitical uncertainties keep the US Dollar (USD) near a two-month high and should cap the AUD/USD pair.  Discover more  Access Premium News  Crypto exchange reviews  Compare Investment

09-29انڈسٹری

United States Dollar Index strengthens as oil surge bolster Fed rate hike bets

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 101.20 during Asian hours on Tuesday.  The Greenback gained support as ongoing uncertainty surrounding US-Iran negotiations kept oil prices elevated. This persistent pressure on energy costs has heightened expectations that the Federal Reserve will need to tighten monetary policy further to combat inflation.  The surge in oil prices resumed after Iranian officials expressed doubt about reaching an agreement prior to the upcoming US midterm elections in November. The standstill follows US President Donald Trump‘s recent rejection of Tehran’s latest proposal, which stalled diplomatic momentum.  Discover more  investing  Bitcoin price tracker  Open Trading Account  Rising inflation concerns and expectations of additional rate increases pushed Treasury yields to fresh multi-year highs, with both the 10- and 30-year yields climbing above 5%. Following the central banks initial rate hike in three years earlier this month, the CME FedWatch Tool shows money markets are currently pricing in roughly a 70% probability of another Federal Reserve rate increase in October.  USD positioning steady as Rabobank flags balanced build-up in longs and shorts  Analysts at Rabobank observe that speculative positioning in the Dollar has shown

09-29انڈسٹری
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