On The Wire: Today's Top Stories In Finance & Tech

Your daily briefing of some of the most important stories from the crypto, finance, and tech space.

The daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, eurozone inflation picks up again, and analysis from Timothy Peterson reminds us that all fiat currencies go to zero in the end. US VC funding drops sharply, and the Australian Justice System is hit by hackers. And there's some good news for Elvis fans, as the King is reborn thanks to the wonder of AI.


Eurozone Inflation Resurgence Challenges Interest Rate Cut Expectations

December saw eurozone inflation rise to 4.1% in France and an expected 3.8% in Germany, driven by reduced government subsidies. This resurgence casts doubt on the ECB's early 2024 rate cuts, with markets and policymakers reassessing the financial landscape amid these changing inflation dynamics.

Eurozone Inflation Resurgence Challenges Interest Rate Cut Expectations
Eurozone faces rising inflation in December, challenging the ECB’s anticipated rate cuts and reshaping monetary policy expectations.

Elvis Presley Revived For Live Performances By AI Technology

Layered Reality uses AI to recreate Elvis Presley for live performances in "Elvis Evolution," utilizing personal photos and videos. The experience spans Elvis's life, from Mississippi to Las Vegas. The project highlights the growing trend of AI in resurrecting and creating music.

Elvis Presley Revived For Live Performances By AI Technology
AI brings Elvis Presley back for live performances, blending technology with the King of Rock and Roll’s legacy.

The EU, led by the EBA, is set to investigate banks' connections with non-bank financial institutions, including crypto platforms. This probe aims to assess potential contagion risks and improve AML/CFT standards in the crypto sector, amidst growing global financial integration.

EU To Scrutinize Banks’ Links With Crypto And Non-Bank Entities
EU regulators to launch an investigation into the interplay between traditional banks and crypto entities.

Australian Justice System Targeted In Major Cyberattack

Victoria's court system in Australia suffered a cyberattack on December 21, affecting audio-video systems and transcription services. CSV responded by isolating and examining the network, with ongoing police investigations. The attack, likely ransomware, threatens the release of confidential court data.

Australian Justice System Targeted In Major Cyberattack
Australia’s Victoria state court system faces a major cyberattack, disrupting audio-video recordings and transcription services.

US Venture Capital Fundraising Reaches Six-Year Low

US venture capital firms experienced a drastic 60% drop in fundraising in 2023, reaching a six-year low with $67 billion raised. This downturn affects start-ups reliant on VC funding, amidst reduced investments and challenging market conditions.

US Venture Capital Fundraising Reaches Six-Year Low
2023 sees US venture capital fundraising plummet to a six-year low, impacting startups and investors alike.

Dollar Devaluation: The Race To The Bottom

US M2 stands at $22 trillion and the rate of money printing is increasing exponentially. If the long-term pattern continues, within 15 months, $2 trillion will be added to the money supply every week.

Dollar Devaluation: The Race To The Bottom
Every fiat currency has died. The only question is, how long will it take?

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