Author: Investor Empires
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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Israel among top countries for investment in UK per capita
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A new report from the UK Department for Business and Trade reveals that Israel is among the top 10 countries in terms of per capita foreign direct investment projects in the UK in 2023-24, among European countries. Luxembourg, Ireland and Sweden top the European list of countries in terms of…
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PBOC is expected to set the USD/CNY reference rate at 7.1690 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Jay-Z and Jack Dorsey-Backed Bitcoin Non-Profit ₿trust Appoints Bitcoin Core Developer As Interim CEO
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TrustA non-profit organization focused on training and funding developers from the Global South to develop open source Bitcoin recently announced a Bitcoin Core contributor and board member, Abu Bakr Nour Khalilas interim CEO. 1/ ? Exciting news from ₿trust! We are pleased to announce that Abu Bakr Nour Khalil (@ihate1999),…
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Jay-Z and Jack Dorsey-Backed Bitcoin Non-Profit ₿trust Appoints Bitcoin Core Developer As Interim CEO
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TrustA non-profit organization focused on training and funding developers from the Global South to develop open source Bitcoin recently announced a Bitcoin Core contributor and board member, Abu Bakr Nour Khalilas interim CEO. 1/ ? Exciting news from ₿trust! We are pleased to announce that Abu Bakr Nour Khalil (@ihate1999),…
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Brazil and Nicaragua expel ambassadors in leftist run-in By Reuters
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Written by Lisandra Paraguaso BRASILIA (Reuters) – Brazil and Nicaragua expelled each other’s ambassadors on Thursday in a tit-for-tat move as relations between the two formerly allied leftist governments deteriorate. Brazilian President Luiz Inacio Lula da Silva has decided to expel Nicaragua’s ambassador to Brasilia after Daniel Ortega’s government ordered…
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Mozambique ex-finance minister convicted in US over ‘tuna bonds’ scandal By Reuters
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By Luke Cohen NEW YORK (Reuters) – Mozambique’s former finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop the African nation’s fishing industry. A jury convicted Manuel Chang of conspiracy to…
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Will The XRP Price Cross $3 Once More?
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The long-running legal battle between the United States Securities and Exchange Commission (SEC) Ripple finally concluded with the following: Judge Analisa Torres’ ruling On August 7. With the lawsuit over, cryptocurrency analyst CrediBULL Crypto predicts that the price of XRP could soon surpass its all-time high (ATH). XRP Price Headed…
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Will The XRP Price Cross $3 Once More?
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The long-running legal battle between the United States Securities and Exchange Commission (SEC) Ripple finally concluded with the following: Judge Analisa Torres’ ruling On August 7. With the lawsuit over, cryptocurrency analyst CrediBULL Crypto predicts that the price of XRP could soon surpass its all-time high (ATH). XRP Price Headed…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Three-quarters of global carry trade has been unwound: JPMorgan By Investing.com
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About three-quarters of global carry trades have been removed, JPMorgan strategists said in a note on Wednesday. In its latest report, JPMorgan noted that the risk-reward ratio in global bonds is low due to the upcoming US elections and potential financiers’ re-pricing of low US interest rates. It also noted…
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Chinese Govt Moves $2B Worth Of Seized ETH From Plus Token Ponzi Scheme
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In a notable development, Chinese authorities have been spotted moving a massive amount of Ethereum (ETH) that was previously confiscated during a crackdown on the infamous Plus Token crypto pyramid scheme. The staggering transfer of ETH, estimated to be worth around $2 billion, has sent shockwaves through crypto exchanges, raising…
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Chinese Govt Moves $2B Worth Of Seized ETH From Plus Token Ponzi Scheme
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In a notable development, Chinese authorities have been spotted moving a massive amount of Ethereum (ETH) that was previously confiscated during a crackdown on the infamous Plus Token crypto pyramid scheme. The staggering transfer of ETH, estimated to be worth around $2 billion, has sent shockwaves through crypto exchanges, raising…
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News Corp FQ4 results beat expectations (NWSA)
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News CorporationNASDAQ: NWSA) Involved Up about 4% In after-hours trading, the company’s fiscal fourth-quarter results showed that the company beat Wall Street expectations by 1 cent and increased by 3 cents from the same quarter. Year-ago. Revenue for the quarter rose 6% to $2.58 billion, beating estimates by $80 million,…
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US election risk – Trump wants a say in Federal Reserve decisions
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Clearer lines are emerging between the two major parties in the US presidential election. Republican candidate Trump spoke about cnbc: “I feel that the president should at least have a say in this,” Trump said at a news conference at his Mar-a-Lago residence in Florida. “Yes, I feel that very…
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Morgan Stanley’s Bitcoin ETFs are ‘last taboo’ to adoption
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Morgan Stanley, the largest wealth management firm in the United States, has licensed its 15,000 financial advisors to recommend Bitcoin exchange-traded funds to select clients. As of August 7, advisors can now offer BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients with a net worth of…
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Morgan Stanley’s Bitcoin ETFs are ‘last taboo’ to adoption
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Morgan Stanley, the largest wealth management firm in the United States, has licensed its 15,000 financial advisors to recommend Bitcoin exchange-traded funds to select clients. As of August 7, advisors can now offer BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients with a net worth of…