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00:02
Institution: Australian uranium mining stocks are bullish amid market supply concerns
Golden Finance May 20th | Morgans analyst Chris Creech stated that now is "the time to add some yellowcake to your portfolio." The brokerage initiated coverage on Australia’s Paladin Energy, Boss Energy, and NexGen Energy, all with a Buy rating. Creech noted that after decades of underinvestment, the uranium market is currently experiencing structural constraints. He added that, against a backdrop of decarbonization pressure, energy security concerns, and AI-driven power demand growth, "nuclear energy is becoming the only scalable zero-carbon baseload option."
00:01
Irish drug dealer's bitcoin address transfers another 500 BTC
According to ChainCatcher, monitored by Arkham, Irish drug dealer Clifton Collins purchased 30 thousand dollars worth of BTC between 2011 and 2012, which is now valued at 400 million dollars, but he lost the private keys and has been imprisoned. These BTC were once considered lost until a month ago, when 500 BTC were moved for the first time in 10 years. Just recently, another 500 Bitcoin (worth 38 million dollars) were transferred.
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Trump Signs Executive Order Requiring Review of Restrictions on Cryptocurrency Companies' Access to the U.S. Payment System
BlockBeats News, May 20th. On Tuesday, local time, U.S. President Trump signed an executive order requiring the federal government and the Federal Reserve to review the existing regulatory framework to promote deeper integration of digital assets and fintech into traditional financial services and the payment system. The executive order instructs U.S. financial regulatory agencies to review existing rules in the next three months and identify any "unreasonable barriers" that hinder fintech companies from partnering with federally regulated financial institutions. Within six months, regulatory agencies are also required to take measures to encourage financial innovation. In particular, the order specifically calls for the Fed to reassess the eligibility of uninsured depository institutions and non-bank financial firms to access payment accounts and payment services. The document also requires research by the 12 regional Feds to see if they can independently open payment accounts to relevant entities without depending on approval from the Fed Board. Analysis suggests that this policy may benefit Wyoming special purpose depository institutions and similar structured crypto companies. Previously, a Wyoming SPDI has obtained a limited version of the "master account" from the Kansas Fed. Other crypto firms are also seeking similar qualifications. Reports indicate that the Fed is currently studying a more formalized "master account lite" mechanism and proposed relevant rules in December of last year.
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