The governor of the South Korea Financial Supervisory Service (FSS), Lee Bok-Hyun, has indicated that virtual assets could form part of the country’s securities and capital markets law. Mr Lee said at...
Tag: Markets
How To Use AI To Maximize Your Inflation Relief Payments
Getty Images Key takeaways Over a dozen states have or will send inflation relief payments to citizens to lessen the burden of inflation AI can maximize your returns by analyzing greater volumes of in...
Binance’s USDC move could increase importance of Tether in crypto trading
JPMorgan Chase analysts say that Binance’s recent stablecoin decision will benefit Tether. From Sept. 29 Binance will convert existing balances and new deposits of stablecoins USDC, USDP and TUSD to i...
Ethereum Dropped More than 11% on Merger Day, Have the Bulls Departed from the Markets?
The second-largest crypto faced a huge correction soon after the Merger was successfully implemented. At the press time, the ETH price is trading below $1500, at around $1472. Ethereum tried very hard...
FedEx, International Paper, Uber and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the wor...
Markets Trade Lower Despite Success of Ethereum Merge
● Bitcoin (BTC): $19,823 −0.4% ● Ether (ETH): $1,505 −5.6% ● CoinDesk Market Index (CMI): $990 −1.9% ● S&P 500 daily close: 3,901.35 −1.1% ● Gold: $1,674 per troy ounce −1.3% ● Ten-year Treasury y...
Ethereum Merger Done & Dusted! Crypto Markets Now Prepare for a Gigantic Plunge – Coinpedia – Fintech & Cryptocurreny News Media
The strength of the crypto space has reduced to a large extent as the intensity of the upswings has depleted heavily. Therefore, the recovery phase does not prevail for a long time, due to which, the ...
SBI Digital Markets Receives Singaporean Capital Markets License
Japan financial amalgamation SBI Digital Markets Pte. Ltd has announced that its subsidiary SBI Digital Asset Holdings has been granted a Capital Markets Services license by the Monetary Authority of ...
Ethereum Merge Brings ‘Sell-the-Fact’ Price Move in Crypto Markets
“Think of cars. All the engines are like gasoline engines. It wasn’t until the first electric engine was created that cars can go really fast and for long amounts of time. And this is the same with cr...
August industrial output, retail sales
August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline...
BofA predicts breakout in mergers due to downcycle
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...
A punishing selloff in short-term debt is pushing one rate near the ‘magic’ level that ‘frightens’ markets
The yield on the 1-year Treasury note is testing 4%, a level that traders say could spill over into other rates and send shivers through financial markets, as the Federal Reserve presses forward in ea...
DOJ is changing the way it prosecutes companies, and it could put more executives in jail
The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Significant changes are coming to the ways fede...
Netflix, Adobe, Wynn Resorts, Humana and more
Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gaine...
Retail sales August 2022:
People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. Shannon Stapleton | Reuters Retail sales numbers were better than expected in August as price increas...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
Rail stocks, Arconic, NextEra Energy and more
Check out the companies making headlines before the bell: Union Pacific (UNP), CSX (CSX), Norfolk Southern (NSC) – Rail stocks are all higher in the premarket following news of a tentative agreement t...
Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says
Global crypto adoption rates have slowed during the bear market this year, but the slump didn’t wipe out the growth in adoption during bull markets, Chainalysis said in the report accompanying t...
ATOM Maintains “Market’s Biggest Mover” Tag, Sustains 4-Month High
Cosmos’ native crypto continues its bullish run up to a 40% bullish gain while other cryptos ebb and flow; NEAR follows with a multi-week high. The native coin of Cosmos protocol, ATOM continues to mo...
Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves – Emerging Markets Bitcoin News
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that t...
Emerging markets lead global adoption index: Chainalysis report
While global adoption slowed down because of the chilling winds brought about by the crypto winter, emerging markets seem to be on fire in terms of crypto adoption as they surpass higher-income countr...
Vietnam Tops Global Crypto Adoption Dominated by Emerging Markets
Emerging markets dominated this year’s Global Crypto Adoption Index, with Vietnam coming in at the top spot for the second year running. According to the most recent annual index from crypto analytics...
Citadel, Charles Schwab, Fidelity Launched Crypto Exchange EDX Markets
A group of leading venture capital firms and broker-dealers announced the creation of the cryptocurrency platform – EDX Markets (EDXM). The launch received support from giant finance players, includin...
How China workers stack up against the US, UK and Brazil
Unemployment among China’s youth aged between 16 and 24 has surged to nearly 20%, according to an official survey for July. Pictured here is a job fair in Beijing on Aug. 26, 2022. Jade Gao | Af...
Apple is now the market’s most-shorted stock. If Tesla is an example, that’s bullish.
Apple shareholders need not worry that it’s the most-shorted U.S. stock. I’m referring to the report from short-seller analytics firm S3 Partners that, after 864 days in which Tesla TSLA, +0.38% was a...