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Swiss financial watchdog FINMA rolls out guidance for stablecoin issuers
Swiss regulator FINMA has published guidance for issuers of stablecoins, urging them to verify the identity of all persons holding digital tokens linked to fiat currencies. The Swiss Financial Market Supervisory Authority (FinMarket Supervisory Authority) has published new guidance on the risks and challenges associated with stablecoins for issuers and…
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Commodity Roundup: UBS’s Marcelli sees higher prices ahead despite demand concerns
Oselot/iStock via Getty Images Concerns about slowing Chinese demand have weighed on commodity prices recently. However, UBS’s chief investment officer still sees commodity prices rising in the future due to strong demand and limited supply, and expects the asset class to offer strong diversification benefits to a portfolio. Context. “We…
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Daily Broad Market Recap – July 25, 2024
Major assets were poised to extend themes from the previous day when the US GDP release shook up overall price action. How did the major assets trade yesterday? We’re breaking down the headlines you might have missed! headlines: People’s Bank of China Surprisely Cuts Medium-Term Lending Facility Rates By 20…
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Bitcoin Whales Scoop 358,000 BTC As USDT Liquidity Spikes: Are Bulls Ready To Rumble?
At the time of writing, Bitcoin is in a bearish mood, having erased the strong gains it made last week. Although buyers are expecting the price to recover and break above $69,000, the decline has been steady, even breaking the upper range of the current consolidation. According to spot market…
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Bitcoin Whales Scoop 358,000 BTC As USDT Liquidity Spikes: Are Bulls Ready To Rumble?
At the time of writing, Bitcoin is in a bearish mood, having erased the strong gains it made last week. Although buyers are expecting the price to recover and break above $69,000, the decline has been steady, even breaking the upper range of the current consolidation. According to spot market…
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Apple slips from top 5 smartphone brands in China: IDC, Canalys
Apple is no longer one of the top five smartphone sellers in China, according to independent research, as the price of the iPhone falls due to a weak economy, new competition and an alleged government ban. Research published by Canalis And International Data Center This week, a smartphone shipments measurement…
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Unlocking Capital: How Life Insurance Can Be a Strategic Tool for Savvy Traders
Life insurance is often seen as a means of financial protection for loved ones. However, it also presents unique opportunities for traders looking to unlock additional capital. In the UK, using life insurance as a financial tool can provide traders with a flexible and secure way to boost their trading…
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MicroBT Unveils New WhatsMiner M6XS+ Series at Bitcoin 2024 Conference
MicroBT, a leader in Bitcoin mining innovation, unveiled its latest WhatsMiner M6XS+ series at the Bitcoin 2024 conference in Nashville, Tennessee. Featuring air-cooled, water-cooled, and immersion-cooled models, the new series represents a leap forward in renewable mining technology. Dr. Zhu Xing Yang, Founder and CEO of MicroPT, highlighted these developments…
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MicroBT Unveils New WhatsMiner M6XS+ Series at Bitcoin 2024 Conference
MicroBT, a leader in Bitcoin mining innovation, unveiled its latest WhatsMiner M6XS+ series at the Bitcoin 2024 conference in Nashville, Tennessee. Featuring air-cooled, water-cooled, and immersion-cooled models, the new series represents a leap forward in renewable mining technology. Dr. Zhu Xing Yang, Founder and CEO of MicroPT, highlighted these developments…
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BAT sells factory parts on nicotine pouch licence flop
Bat Kenya is selling the machines installed at its Nairobi nicotine pouch factory, which has been idle for about five years as the government has refused to grant a marketing license for the new product. The cigarette maker announced the decision on Thursday in a commentary accompanying its financial results…
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Solana Celebrity Tokens Down 94%, MOTHER Holders Clap Back
Recently, the crypto community has been experiencing a wave of craze around new celebrity-backed memecoins. The Solana-based tokens have recorded massive gains but in most cases have turned into scams. Almost two months later, the prices of most of these tokens have fallen significantly from their all-time highs. However, the…
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Record £48 Million in Fines Levied by UK Watchdog on Audit Firms
Britain’s accounting watchdog, the Financial Reporting Council, has imposed a record £48.2m in fines over the past year, after completing several high-profile investigations, including audits of Carillion and London Capital & Finance. The Financial Reporting Commission, which oversees the country’s audit and accountancy firms, has surpassed its previous record of…
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Asia FX weakens with yuan volatile, dollar steady ahead of PCE data By Investing.com
Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan volatile amid suspected intervention by the People’s Bank of China, while the dollar held steady ahead of key inflation data. Weak risk appetite has seen traders shun most regional currencies this week, while the Japanese yen…
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Nischal Shetty Addresses Misconceptions And Reveals The Truth
In a quick response to widespread criticism and misinformation surrounding the recent $230 million hack of an Indian cryptocurrency exchange, WazirxCo-founder Nishal Shetty stepped in to clarify the matter and clarify the facts. Through a series of detailed explanations, Shetty shed light on the true nature of the incident, and…
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Nischal Shetty Addresses Misconceptions And Reveals The Truth
In a quick response to widespread criticism and misinformation surrounding the recent $230 million hack of an Indian cryptocurrency exchange, WazirxCo-founder Nishal Shetty stepped in to clarify the matter and clarify the facts. Through a series of detailed explanations, Shetty shed light on the true nature of the incident, and…
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China’s Old Car Trade-in Push Met With Doubt Amid Soft Demand
Breadcrumbs Path Links PMN Business Electric carmakers have welcomed China’s move to double cash subsidies for replacing internal combustion engine vehicles, while others have expressed doubts about China’s ability to stimulate consumer demand for large purchases. Article author: Published on July 26, 2024 • Read for 2 minutes You can…
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Chart Art: EUR/JPY To Return To Its Long-term Uptrend?
The EUR/JPY currency pair is showing a very interesting reversal candle on the daily time frame. Is the pair ready to return to its longer-term trend? We are looking at the daily chart of the EUR/JPY pair today! EUR/JPY Daily Currency Pair Chart by TradingView In case you missed it,…
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JPMorganChase CEO Jamie Dimon meets Israeli tech leaders
During his visit to Israel this week, Jamie Dimon, CEO of JPMorgan Chase, the largest bank in the United States, met for lunch with Israeli tech leaders. The meal was held at the home of businessman Eyal Waldman, who founded Mellanox, which was sold to Nvidia for $7 billion. The…