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Taiwan Releases Crypto Guidelines as It Tightens Regulation
Taiwan's Financial Supervisory Commission (FSC) has recently issued directives to safeguard customer interests within the cryptocurrency space. A New Direction for Taiwan's Crypto Community On Tuesday, Taiwan's financial regulatory authority introduced an extensive set of directives aimed at virtual asset... -
Alibaba to Spin Off Cainiao Logistics Unit Amid Value Unlocking Push
Chinese e-commerce giant Alibaba (NYSE: BABA) would spin off its logistics arm Cainiao Smart Logistics Network Ltd amid the continued value-unlocking push. Alibaba is looking to list the business in Hong Kong and has received approval from the Hong Kong... -
MicroStrategy Acquires 5,445 Bitcoins Worth $147 Million
Popular business intelligence (BI) solution firm MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 5,445 BTC. This acquisition, amounting to $147.4 million, was executed at $27,053 per Bitcoin, including all fees and expenses. Bitcoin Portfolio Expands to New... -
Terra Classic Community Decides to Halt UST Coin Creation with Strong Majority Support
The Terra Classic community, a group of people using a digital money system, recently made a big choice. They were talking about whether to stop making a digital currency called Terra USD, often called UST. They held a vote, and... -
Mt. Gox Trustee Postpones Creditor Repayment Deadline to 2022 Amid Banking and Crypto Exchange Delays
Next year will be the new deadline for repaying creditors according to a recent announcement by the Mt. Gox trustee, Nobuaki Kobayashi. Unforeseen delays were caused by ongoing discussions with banks, fund transfer services, and specific cryptocurrency exchanges as explained... -
Markets Get Apprehensive About Tesla Ahead of Q3 Delivery Report
Early next month, Tesla (NYSE: TSLA) will release its Q3 2023 delivery report. The Elon Musk-run company missed delivery estimates in the last two quarters and some analysts expect it to miss consensus delivery estimates in the third quarter also.... -
Global Debt Hits All-Time High in Second Quarter, Predicted to Reach 337% of GDP by Year-End
According to the Institute of International Finance (IIF), the world's debt hit an all-time high in the second quarter. However, this surge has consequently caused the global debt-to-GDP ratio to reverse its previous trend of decline, which had been sustained... -
Phishing Victim Sends Scammer Staggering $4.5M in USDT
A cryptocurrency holder has reportedly fallen victim to a $4.5 million phishing scam. The funds were first transferred from the Kraken account to an address associated with a fraudulent Coinone crypto mining platform. Scammer Steals Fund From Crypto Holder On... -
Fed Holds Rates but Signals a Slow Path Towards Rate Cuts
After its two-day meeting concluded yesterday, the US Federal Reserve kept its policy rates unchanged in the range of 5.25%-5.5%. While the rate decision was in line with what markets expected, Fed chair Powell sounded more hawkish than what markets... -
Stanford to Return $5.5 Million in Cash Gift Received From FTX
Stanford University has announced that it intends to return the 'entirety' of funds it received from the now-defunct cryptocurrency exchange, FTX. $5.5M Cash Donation for Pandemic-Related Prevention and Research to Be Coughed-Up In an exclusive report by Bloomberg, Stanford's spokesperson...
