Category: firms
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Bitfinex Among Major Firms Affected by Evolve Bank Data Theft
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Cryptocurrency-friendly financial institution Evolve Bank and Trust has been implicated in a massive data breach. The bank has admitted to being aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank insisted that customer funds appeared to be intact, it acknowledged that hackers…
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Hawaii Crypto Firms Freed From Money Transmitter License
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In a historic move, the Hawaii Department of Commerce and Consumer Affairs (DCCA) has announced that crypto businesses operating within the state will no longer require a Money Transmitter License (MTL) as of June 30, 2024. This strategic decision comes after the expiration of Digital Currency Innovation Lab (DCIL)a regulatory…
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Hawaii Crypto Firms Freed From Money Transmitter License
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In a historic move, the Hawaii Department of Commerce and Consumer Affairs (DCCA) has announced that crypto businesses operating within the state will no longer require a Money Transmitter License (MTL) as of June 30, 2024. This strategic decision comes after the expiration of Digital Currency Innovation Lab (DCIL)a regulatory…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Insurance firms swamped by surge in floods damage claims
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Widespread flooding that hit Kenya in March and April left insurers struggling to meet claims worth Sh3.1 billion, as the effects of climate change became a major risk to insurers. Latest data from the Insurance Regulatory Authority (IRA) indicates that insurance companies settled Sh147.3 million or less than 5.0 percent…
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24 Taiwan Crypto Firms Unite To Forge Self-Regulatory Virtual Asset Service Provider (VASP)
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Taiwan’s booming cryptocurrency industry has reached a pivotal turning point, as a consortium of 24 leading digital asset companies have joined forces to create the Taiwan Virtual Asset Service Providers (VASP) Association. This strategic move comes as the Taiwanese government seeks to introduce a comprehensive regulatory framework for the cryptocurrency…
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24 Taiwan Crypto Firms Unite To Forge Self-Regulatory Virtual Asset Service Provider (VASP)
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Taiwan’s booming cryptocurrency industry has reached a pivotal turning point, as a consortium of 24 leading digital asset companies have joined forces to create the Taiwan Virtual Asset Service Providers (VASP) Association. This strategic move comes as the Taiwanese government seeks to introduce a comprehensive regulatory framework for the cryptocurrency…
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Parliament seeks urgent hearing of appeal on tax waivers to Japanese staff, firms
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Parliament has written to the Court of Appeal over delays in hearing a case challenging tax breaks given to Japanese workers and companies. In a letter to the Deputy Registrar of the Court of Appeal, Parliament indicated that the six-month suspension of the ruling repealing Section 13 of the Income…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Hyperscalers And AI Firms Eyeing Bitcoin Mining Companies With Lucrative Power Deals: JP Morgan
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The world of Bitcoin mining is undergoing a major transformation, with industry giants such as JPMorgan Chase anticipating an increase in mergers and acquisitions (M&A) activity within the sector. According to a recent research report from the financial institution, Bitcoin miners with attractive energy contracts are emerging as potential acquisition…
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BritishAmerican Business Unveils Comprehensive Guide to Help UK Firms Succeed in US Markets
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British American Business (BAB) has launched the latest edition of its annual Trade and Investment Guide, an important resource for UK businesses aiming to expand their US operations. This comprehensive guide is designed to help UK businesses navigate the vast and diverse US market, and provides detailed insights into different…
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Commodity Roundup: Crude oil down 2%, gold subdued as dollar firms (Commodity:CL1:COM)
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to imagine Gold prices (XAUUSD:CUR) fell on Tuesday as the US dollar held firm, with focus turning to jobs data, while oil extended its declines after hitting a four-month low, as investors continue to weigh OPEC+ production decision. Bullion rose on Monday The data also showed that manufacturing activity in…
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How good is the quality of your firm’s turnover?
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Business owners consider turnover to be a key measure of their company’s growth. However, behind this superficial number lies a deeper narrative that sets one company apart from another. While two companies in the same industry may exhibit similar sales numbers, the underlying dynamics of their revenue streams can be…
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Seven Percent of European Firms Face Restructuring Pressure
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Breadcrumb links BMN Business One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. Article writer: Bloomberg News…
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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
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Executive Office of US President Joe Biden Announce Its position on the proposed legislation, HJ Res. 109, would allow highly regulated financial companies to act as custodians for bitcoin and other cryptocurrencies. JUST IN: ?? US President Joe Biden’s administration says Biden will veto legislation that would allow highly regulated…
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Asia FX weakens, dollar firms as markets rethink rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday, while the dollar rose on comments from Federal Reserve officials that made markets rethink their expectations for a U.S. interest rate cut. The Japanese yen’s performance remained weak among its peers, falling against the dollar even as government officials continued their warnings…
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Relief for workers as firms signal end to pay raise freeze
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Kenya’s private sector payrolls showed signs of growth in April after months of stagnation, indicating increased employment and a positive outlook for future demand for goods and services amid growing concerns about devastating floods. The results of Stanbic Bank Kenya’s Purchasing Managers’ Index (PMI) survey showed that spending on workers’…