German stocks declined on Monday as U.S. rate cut hopes faded and the euro slipped to a one-month low against the dollar after far-right parties made big gains in the European Parliament election. In a shock move, French President Emmanuel Macron called a snap election after crushing loss, describing it as \'an act of confidence\'....
Saudi Arabia has joined the mBridge project to enhance cross-border payments using central bank digital currencies (CBDCs). According to a recent report by China Daily, the Saudi Central Bank (SAMA) has announced plans to join the mBridge initiative as a full participant, which could pave the way for increased local currency transactions in oil trade...
On June 5, Hex Trust Group (HT), a leading provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, secured an additional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). In an exclusive interview with Hex Trust, the company revealed the content of the additional license,...
U.K. stocks traded lower on Monday as U.S. rate cut hopes faded and far-right parties rattled the traditional powers in the European Union and made major gains in parliamentary elections Sunday. Meanwhile, U.K. permanent staff appointments fell for the twentieth consecutive month in May, but the pace of decrease was the softest since March 2023,...
The Solana Foundation has taken decisive action against a group of validator operators involved in sandwich attacks on traders, a deceptive practice plaguing decentralized networks. The action aligns with the Foundation’s rules prohibiting such malicious activities and their commitment to safeguarding the integrity and trustworthiness of the Solana ecosystem. The Foundation emphasizes protecting retail investors...
European stocks drifted lower on Monday, with French stocks coming under heavy selling pressure, after President Emmanuel Macron called for snap legislative elections later in June. Macron\'s decision comes after the European Union elections showed a broader shift towards right-wing and far-right parties. Focus also shifted toward Federal Reserve policymakers updating their rates forecast on...
Ripple, a major cryptocurrency firm, is strengthening its collaboration with the Republic of Georgia by exploring ways to digitize the local economy in partnership with the National Bank of Georgia (NBG). Ripple continues to deepen its CBDC collaboration with the Republic of Georgia by exploring ways to digitize the local economy. National Bank of Georgia...
Two users fell victim to an OKX SIM swap hack that involved the theft of an undisclosed sum on June 9. The customers’ funds were stolen following a deceitful SMS notification purportedly from the exchange. The attack follows last week’s deepfake incident on OKX, where cybercriminals used AI videos to circumvent the exchange’s security architecture....
Cognizant Technology Solutions Corp. (CTSH) announced Monday it has signed a definitive agreement to acquire Belcan, LLC, a portfolio company of AE Industrial Partners and a supplier of Engineering Research & Development (ER&D) services, at a purchase price of approximately $1.3 billion in cash and stock, subject to customary adjustments. Belcan provides mission-critical digital engineering...
The private sector in Singapore continued to expand in May, and at a faster rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 54.2. That\'s up from 52.6 in April and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Output growth accelerated in...