The U.S. dollar gained in strength on Friday thanks to recent strong economic data, and on bets several other central banks will likely cut interest rates before the Federal Reserve. The Fed maintained its forecast for three interest rate cuts this year, but the timing of the first rate cut remains undetermined. The chances of...
The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday. The Federal Reserve opted to keep its target interest rate flat in the range of 5.25% to 5.50%, despite February’s inflation figures clocking in slightly higher than expected last week at 3.2%. The FOMC...
FTX users are suing the now-defunct Silvergate by claiming it abetted FTX and its affiliated trading firm Alameda Research to commit a historic fraud. According to the customers launching the suit, FTX knowingly transferred customer money into Alameda Research. FTX is currently on trial for numerous offences related to fraud and money laundering charges. Central...
Japan will on Monday see leading index figures for February, highlighting a modest day for Asia-Pacific economic activity. The index is expected to slip 0.6 percent on month to a score of 109.9 after rising 2.1 percent to 110.2 in the previous month. Malaysia will release February numbers for consumer prices; in January, inflation was...
A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of bitcoin for a Chinese fugitive. Jian Wen, a 42 year old British citizen has been found guilty for money laundering on behalf of a Chinese woman called Yadi Zhang. The jury found Wen guilty on one...
The Worldcoin Orb has open-sourced some of its eyeball-scanning technology in a bid by founders to verify its claims to data privacy, according to a Friday blog post. Developers can now review the software components of the Worldcoin Orb on Github, where it has been made publicly available under an MIT/Apache 2.0 dual license. Understanding...
The South Korea stock market on Friday snapped the two-day winning streak in which it had surged nearly 100 points or 3.9 percent. The KOSPI now rests just beneath the 2,750-point plateau and it may remain stuck in neutral on Monday. The global forecast for the Asian markets is mixed, with strength from technology stocks...
Unabomber prosecutor Robert J. Cleary has been given the green light by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX, according to a Wednesday court filing. What Will Cleary Find in FTX Probe? Cleary’s appointment by Judge John Dorsey marks a key shift in...
Micron Technology Inc. (NASDAQ:MU) CEO and President Sanjay Mehrotra has sold a significant portion of his company stock, according to recent filings. On March 19 and 21, Mehrotra engaged in multiple transactions involving the sale and acquisition of the company\'s common stock. The sales, conducted automatically under a prearranged trading plan, resulted in the disposal...
Cathie Wood\'s ARK ETF published their daily trades for Thursday, March 21st, 2024, revealing a series of strategic moves that reflect the fund\'s dynamic investment approach. The day\'s transactions were headlined by a significant sell-off in Coinbase Global Inc (NASDAQ:COIN) and DraftKings Inc (NASDAQ:DKNG), while notable acquisitions included Meta Platforms Inc (NASDAQ:META) and Teradyne Inc...