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SEC Set to Announce Decision on 7 Bitcoin ETFs Application Early Next Week
The U.S. regulator is set to make decisions regarding Fidelity, BlackRock, Bitwise, and other entities after initially postponing its ruling on the proposed ARK 21Shares Bitcoin ETF. However, experts believe the SEC's approval, denial, or further delay of these applications... -
Digital Currency Group and Genesis Reach In-Principle Agreement With Creditors
Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an in-principle understanding with creditors of its cryptocurrency lending branch, Genesis. While this agreement promises a fair recuperation for the creditors, the endorsement from Genesis'... -
Xpeng Motors Stock Rises After Announcing a Deal with Didi
Xpeng Motors (NYSE: XPEV) stock is trading higher in US price action today after the company announced a $744 million deal with Chinese ride-hailing app Didi which would take a 3.25% stake in Xpeng in exchange for its electric vehicle... -
Shibarium Layer Two Relaunches After Final Scaling Update
After an initial temporary shutdown, the Shiba Inu development team has announced the reopening of the widely anticipated Shibarium layer two mainnet bridge. The new bridge will enable users to process seamless withdrawals for crypto assets such as SHIB, LEASH,... -
BRICS Nations Advocate for Enhanced Local Currency Role in Global Trade and Finance
The BRICS leaders recently gathered in the vibrant city of Johannesburg, South Africa, with a mission to explore strategies aimed at diminishing their dependence on the US dollar in global trade and finance. They believe that using local currencies would... -
Kroll’s Cybersecurity Breach Affects FTX and BlockFi Customers’ Data
A security breach has occurred at Kroll, an external representative responsible for handling creditor demands for bankrupt firms. This breach has resulted in the exposure of customer personal information from the insolvent cryptocurrency platform FTX and the lending institution BlockFi.... -
UK Plans to Ban Crypto and Financial Service Cold Calls
The UK government is taking a strong stance against fraudulent activities, as demonstrated by a recently published consultation document. This document proposes a thorough ban on cold calls promoting financial services and products to consumers. HM Treasury Consultation Paper Seeks... -
Peloton Stock Sinks to Record Lows After Reporting Massive Loss
Peloton stock (NYSE: PTON) stock crashed over 22% yesterday and fell to an all-time low of $5.05. While the stock managed to close at $5.41 it brings little succour to investors as it is down 33% for the year. The... -
Economist Dismisses Chinese Yuan’s Impact on U.S. Dollar Dominance, Envisioning a Potential Multi-Currency Global Landscape
It's widely recognized that the US dollar has been the world's reserve currency for more than a century, but it's encountering challenges to maintain its position. These challenges include the growing popularity of the Chinese yuan, the rising usage of... -
FBI Flags Impending Sale of $40M in Stolen Crypto Funds Linked to North Korea
The Federal Bureau of Investigation (FBI) has flagged six Bitcoin wallets associated with Lazarus, a North Korean state-sponsored hacking group. These wallets collectively hold 1,580 BTC, equivalent to $40 million, and are suspected to have amassed this sum from a...
