Circle stablecoin USDC has achieved an important milestone in the stablecoin market, surpassing Tether’s USDT in transaction volume, according to data released by Visa on April 29 through a partnership with Allium Labs. USDC Stablecoin Recorded $456 billion in transaction volume The adjusted stablecoin metric data reveals that Circle’s USDC stablecoin has been gaining market...
The Canadian market is roughly flat Monday afternoon with investors largely making cautious moves as they await the U.S. Federal Reserve\'s monetary policy announcement, and the data on Canadian GDP and U.S. jobs data due later in the week. The benchmark S&P/TSX Composite Index was down slightly at 21,969.10 a little while ago. Earlier, the...
The U.S. dollar turned in a weak performance against its major counterparts on Monday with traders awaiting the Federal Reserve\'s monetary policy announcement on Wednesday. The accompanying statement and Fed Chair Jerome Powell\'s post meeting press meet are eyed for clues about the central bank\'s future interest rate moves. Data on U.S. non-farm payroll employment...
The North Korean Lazarus Group laundered $200 million worth of crypto into fiat currency between August 2020 and October 2023, according to an April 29 investigative report by crypto sleuth ZachXBT. The investigation examined over 25 exploits across various blockchains and traced illicitly gained funds through mixers, peer-to-peer marketplaces, and centralized exchanges to show how...
Russian lawmakers are poised to legalize the nation’s burgeoning industrial crypto mining sector, but could impose strict limits on home-based “private” miners. Per the media outlets Finam and RBC, Deputy Chairman of the State Duma Committee on Information Policy Anton Gorelkin confirmed that the State Duma will debate a new mining law in the current...
The Canadian market ended slightly higher on Monday, thanks to gains in select healthcare, energy, materials and utilities stocks. Stocks moved in a tight band in somewhat lackluster moves by investors who stayed cautious, looking ahead to Fed policy announcement, and some crucial economic data, due later in the week. The benchmark S&P/TSX Composite Index...
Japan is scheduled to release a raft of data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are March figures for unemployment, industrial production, retail sales, construction orders and housing starts. The jobless rate is expected to ease to 2.5 percent from 2.6 percent on February, while the job-to-applicant ratio is...
Lincoln Park, New Jersey -based ConSup North America Inc. is recalling around 85,984 pounds of ready-to-eat or RTE sliced prosciutto ham product produced in Germany without the benefit of equivalent inspection, the U.S. Department of Agriculture\'s Food Safety and Inspection Service or FSIS announced. The recall involves 5.29-oz. plastic packages containing \"Stockmeyer PROSCIUTTO Product of...
Asian stocks rose broadly on Friday as Microsoft and Google\'s parent company Alphabet both beat Wall Street\'s Q1 expectations, offsetting Meta Platforms\' disappointing forward guidance. The yen hit a fresh 34-year low as the Bank of Japan ended its two-day policy meeting with no change to interest rates and the target policy rate. Oil and...
British consumer sentiment improved in April on slowing inflation as well as expectations about further tax cuts, a monthly survey conducted by the market research group GfK revealed Friday. The consumer confidence index rose to -19 in April from -21 in March. The score was also better than economists\' forecast of -20. Among five indices...