Binance is fighting back against the DWF Labs allegation against the platform on May 9. This follows an explosive report from the Wall Street Journal (WSJ) that revealed that Binance dismissed an employee who uncovered evidence of market manipulation by DWF Labs, a major market on the trading platform. According to the WSJ report, the...
The euro firmed against its most major counterparts in the New York session on Thursday. The euro climbed to an 8-day high of 167.75 against the yen and a 2-day high of 1.0781 against the greenback, from an early low of 166.74 and a 6-day low of 1.0723, respectively The euro touched 0.9774 against the...
Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC.“We actually came in good faith to meet with the SEC. I think we met with them 16 times...
European stocks closed broadly higher on Thursday with most of the major markets extending recent gains, amid rising optimism about interest rate cuts by several central banks. Geopolitical tensions weighed a bit on sentiment and limited markets\' upside. Data showing a much bigger than expected increase in U.S. jobless claims in the week ended August...
Ethereum Co-Founder Joseph Lubin launched scathing criticisms against the Securities and Exchange Commission (SEC) on May 9, accusing the regulatory body of deliberately impeding innovation and obstructing Ethereum’s transformative potential in the banking landscape. Speaking at FT Live’s Crypto and Digital Assets summit in London, Lubin criticized the SEC’s approach, alleging that instead of fostering...
Indian shares may struggle for direction at open on Wednesday as U.S. rate concerns lingered and an escalation of the military operation in Rafah fueled uncertainty about a ceasefire in Gaza. The United States has played down the deadly Israeli assault on Rafah and said it would push for the ceasefire deal. On the earnings...
Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders largely refrained from making significant moves after hawkish comments from a few US Fed officials again raised concerns about the outlook for interest rates. Asian markets closed mostly higher on Tuesday. Minneapolis Federal Reserve President Neel...
Indian shares opened on a tepid note Wednesday as investors reacted to hawkish Fed comments and watched closely the ongoing conflict in the Middle East. The benchmark S&P BSE Sensex was up 180 points, or 0.2 percent, at 73,330 in early trade, while the broader NSE Nifty index was down 41 points, or 0.2 percent,...
Industrial production from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany\'s industrial production data for March. Output is expected to fall 0.6 percent on month, in contrast to the 2.1 percent rise in February. In...
European stocks are seen opening broadly lower on Wednesday as investors assess the Federal Reserve\'s interest rate stance and keep a wary eye on the ongoing conflict in the Middle East. The U.S. dollar held firm as traders repriced their expectations for interest rate cuts. Minneapolis Federal Reserve President Neel Kashkari said Tuesday that rates...