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Digital Currency Revolution

Binance Under Strict FRA Watch for Three Years After DOJ Deal

May 11, 2024 07:09 am UTC| Technology Digital Currency

The U.S. Department of Justice has tasked the Forensic Risk Alliance (FRA) with monitoring Binance, the worlds largest cryptocurrency exchange, for the next three years. This move follows Binances November plea bargain...

Digital Currency Revolution

JPMorgan, Susquehanna Make Bold Moves with Bitcoin ETF Investments

May 11, 2024 06:04 am UTC| Technology Digital Currency Business

JPMorgan Chase, the United States largest bank, has disclosed substantial investments in various Bitcoin ETFs, including those from Grayscale and BlackRock. Concurrently, Susquehanna International Group has bolstered its...

Digital Currency Revolution

Bloomberg Unveils Causes of Bitcoin, ETH, SOL, XRP, SHIB Price Plunge Amid Market Turbulence

May 10, 2024 17:56 pm UTC| Technology Digital Currency

Crypto trading volumes on major cryptocurrency exchanges fell dramatically in April. Trading volumes declined for the first time in seven months after Bitcoins price fell from an all-time high of $73,800, Bloomberg...

Digital Currency Revolution

Harvest CEO Eyes Bitcoin ETF Entry into Mainland China via Hong Kong's ETF Connect

May 10, 2024 17:43 pm UTC| Technology Digital Currency

Harvests CEO feels that the Hong Kong-mainland China ETF bridge initiative can potentially expand crypto ETF access in mainland China. Harvest Explores Offering Bitcoin and Ether ETFs to Mainland Chinese Investors via...

Digital Currency Revolution

South Korea Sets to Implement Crypto Delisting Under New Regulations

May 10, 2024 13:31 pm UTC| Technology Digital Currency

South Koreas Financial Supervisory Service has announced a forthcoming regulation that mandates the delisting of several cryptocurrencies. This move, set to take effect with the Virtual Asset User Protection Act in July,...

Digital Currency Revolution

Binance and KuCoin Gain FIU Registration in India

May 10, 2024 13:24 pm UTC| Technology Digital Currency

In a significant move towards regulatory compliance, Binance and KuCoin have been officially registered with Indias Financial Intelligence Unit (FIU). This registration signals a major shift in the Indian cryptocurrency...

FxWirePro- BTCUSD Daily Outlook

May 10, 2024 12:03 pm UTC| Technicals Digital Currency

BTCUSD showed a minor pullback on rate cut hopes. It hit a low of $63876 at the time of writing andis currently trading around $63038. The dismal US jobless claims increased the chance of a rate...

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Economy

Asian Currencies Hold Steady as Traders Await Fed Decision; Aussie Dollar Edges Higher

Asian currencies traded mostly flat on Tuesday as investors adopted a cautious stance ahead of the U.S. Federal Reserves policy meeting, which begins later in the day. Market participants are watching closely for signals...

Australian Dollar Rises as RBA Holds Rates and Signals Persistent Inflation Risks

The Australian dollar edged higher after the Reserve Bank of Australia (RBA) kept interest rates unchanged, reinforcing expectations that inflation pressures may persist. The currency rose 0.2% to $0.6639 after the central...

RBA Holds Rates but Warns of Rising Inflation Pressures

The Reserve Bank of Australia kept interest rates unchanged on Tuesday, maintaining its cash rate target at 3.60% as policymakers confront renewed inflation risks. The decision, widely expected by markets, marks the RBAs...

China Warns of Rising Global Risks as Tariff Pressures Intensify in 2025

Chinas Premier Li Qiang cautioned global economic leaders on Tuesday that the mutually destructive consequences of tariffs have grown more visible throughout 2025, urging coordinated action to strengthen international...

Asian Markets Slip as Investors Brace for Fed Rate Cut and Global Policy Decisions

Asian stocks declined on Tuesday as investors positioned themselves ahead of a widely expected U.S. Federal Reserve interest rate cut later this week. Market sentiment remained cautious amid a packed schedule of global...

Politics

New Zealand Navy Briefly Encounters Taiwanese Warship During Taiwan Strait Transit

New Zealands largest naval vessel, the HMNZS Aotearoa, made headlines after briefly encountering a Taiwanese warship while sailing through the highly sensitive Taiwan Strait on November 5. The New Zealand Defence Force...

Federal Judge Blocks Trump Administration’s Pause on New Wind-Energy Permits

A federal judge has ruled that the Trump administration failed to justify its decision to halt permitting for new wind-energy projects, delivering a significant victory to states advocating for clean-energy development....

Trump Administration Fuel-Efficiency Rollback Could Raise Long-Term Costs for U.S. Drivers

The Trump administrations proposal to scale back Biden-era fuel-efficiency standards may save automakers billions, but experts warn that American drivers will ultimately pay far more at the pump. Under the new plan, the...

Trump–Kushner Links Raise Concerns as Paramount Pushes $108B Warner Bros Discovery Bid

Paramounts aggressive $108 billion bid for Warner Bros Discovery has ignited one of the biggest media battles in years and drawn intense scrutiny due to financing tied to Jared Kushner, President Donald Trumps son-in-law....

U.S. Military Bill Seeks to End Dependence on China for Display Technology by 2030

The final text of the U.S. National Defense Authorization Act (NDAA) released this week includes a significant measure aimed at reducing the Pentagons reliance on foreign countriesparticularly Chinafor electronic display...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel

Adobe (NASDAQ: ADBE) is heading into its fourth-quarter earnings with a clearer generative AI strategy and improved communication, helping ease a year of investor uncertainty, according to a new note from Stifel analysts....

Australia Enforces World-First Social Media Age Limit as Global Regulation Looms

Australia has officially become the first country to enforce a nationwide minimum age for social media use, requiring major platforms like Instagram, TikTok and YouTube to block users under 16. Starting Wednesday, the new...

SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge

South Koreas stock market regulator has issued a second formal alert on SK Hynix (KS:000660) after the chipmakers share price soared more than 200% over the past year. The Korea Exchange (KRX) designated the company as an...

U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee

The United States will permit Nvidias H200 processorsits second-most advanced artificial intelligence chipsto be exported to China, with a 25% fee applied to each sale. President Donald Trump announced the decision on...

US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China

U.S. authorities have arrested two men accused of illegally smuggling Nvidias highly sought-after H100 and H200 artificial intelligence chips to China, according to the Justice Department. The case comes as President...