(Reuters) -The European Union is set to fine Apple (NASDAQ:AAPL) about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. The fine is expected to be announced early next month, the FT said. Last year, the European Commission accused Apple of distorting competition...
Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product(ETP)in one of its Irish UCITs funds,according to a Financial Times report. The reason for blocking the investment was due to,“divergent regulatory approaches in the EU.”UCITS are open-ended investment funds and are a popular form of investment vehicle,especially for...
Societe Generale has issued a€10 million digital green bond on the Ethereum network.Mainstream financial institutions are showing growing interest in blockchain technology.The tokenization of funds demonstrates the potential of blockchain in financial applications.The issuance of green bonds using blockchain aligns with the trend towards sustainable finance.The digital format of these bonds offers enhanced transparency,traceability,and faster...
Gold prices (XAU/USD) inched higher on Thursday, supported by falling yields, which ticked down across the curve despite stronger-than-expected U.S. gross domestic product data. Considering recent moves, bullion has lost more than 2% this year, but it has lacked directional conviction over the past few trading sessions. Volatility, however, could pick up heading into the...
The cryptocurrency market witnessed a robust rebound in 2023, shaking off its previous doldrums. The introduction of Bitcoin spot ETFs, the entry of traditional financial institutions into the crypto sphere, the rise of the BRC-20 ecosystem, and the rapid growth of Solana collectively reinvigorated global investor confidence. Amidst these dynamics, JYPRX, a cryptocurrency exchange seasoned by the bear...
At the end of November, global financial markets experienced significant volatility due to uncertainties surrounding Federal Reserve policies. In October, several Federal Reserve officials made dovish remarks supporting a halt in interest rate hikes. On November 1st, the Fed decided to maintain the federal funds rate between 5.25% and 5.50%. However, just a week later,...
The cryptocurrency market faced bearish conditions in 2022, with institutional shutdowns and cyber incidents casting doubt on the sector. Nevertheless, a series of historic events and groundbreaking products injected vitality and confidence into the market. The successful Ethereum Merge, cryptocurrency donations and payments during the Russia-Ukraine conflict, the emergence of “Move to Earn” platforms, and traditional...
In 2021, the global economy trudged forward under the shadow of the pandemic, yet the cryptocurrency sector continued to exhibit robust vitality. This year saw the total market capitalization of cryptocurrencies reaching new heights, with unprecedented enthusiasm among market participants. In this environment filled with opportunities and challenges, DAYPPX celebrated its third year of operations,...
On October 19, the first Bitcoin futures ETF in the United States was officially launched on the New York Stock Exchange. It recorded the second-highest trading volume on its debut day, driving Bitcoin price up by 6.34% within 24 hours, surpassing the $66,000 mark and setting a new all-time high at that time. This milestone event...
The year 2020 was marked by turbulence in the global financial markets, yet it also presented unprecedented opportunities for the blockchain and cryptocurrency sectors. The demand for digital assets surged significantly, driving the widespread adoption and increased trading volume of cryptocurrencies. Throughout this year, the LEEDXS trading platform demonstrated its strong resilience and adaptability to...