By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street\'s three major indexes closed higher on Wednesday as economic data and comments from Federal Reserve Chair Jerome Powell reinforced expectations that the U.S. central bank would reduce its benchmark interest rate this year. Powell said on Wednesday he expected the Fed to cut rates and...
The US state of Virginia, which is seeking to safeguard the crypto rights of its citizens, is one-step closer to creating a working group to deep-dive into crypto expansion. Virginia state Senate on Monday, passed a bill, which aims to create a research group to study blockchain and cryptos. The proposition was introduced as a...
-- U.S. stock index futures fell in evening deals on Wednesday, reversing course after a positive session on Wall Street as uncertainty persisted over the scope and scale of the Federal Reserve’s interest rate cuts. While Fed Chair Jerome Powell said that the bank will cut interest rates eventually in 2024, he noted that the...
The U.S. Securities and Exchange Commission (SEC) has finalized its actions against cryptocurrency platform ShapeShift by accepting a $275,000 settlement. In a detailed filing, the SEC outlined that ShapeShift, previously operating out of Denver, Colorado, had offered its customers at least 79 crypto assets, some of which were determined to be unregistered securities. ShapeShift’s $275,000...
By Dietrich Knauth NEW YORK (Reuters) - Bankrupt crypto companies FTX and BlockFi have resolved their disputes stemming from the companies\' collapses in 2022, with FTX agreeing to pay BlockFi up to $874 million, according to court documents filed on Wednesday. The settlement is subject to approval by U.S. Bankruptcy Judge John Dorsey in Wilmington,...
Hungary is eyeing to establish a comprehensive crypto regulatory framework which would enable local banks to directly offer cryptos. The country’s move to embrace crypto comes at a time when the European Union’s Markets in Crypto Assets regulation, MiCA, is due to take effect in 2024. Early this month, Hungary government released the draft law...
By David Shepardson WASHINGTON (Reuters) -Boeing on Wednesday provided U.S. regulators with the names of employees on its 737 MAX door team after lawmakers and a federal safety official sharply criticized the planemaker\'s failure to do so at a Senate hearing. National Transportation Safety Board Chair Jennifer Homendy had said earlier on Wednesday that Boeing...
India’s National Informatics Centre (NIC), a government agency operating under the Ministry of Electronics and IT (MeitY), has hosted almost eight million government-issued verifiable documents on five blockchains. The NIC recently launched a dedicated website to showcase its various blockchain initiatives, revealing that a wide range of documents related to education, property, judiciary, and drug logistics are...
By Nate Raymond (Reuters) -A U.S. appeals court on Wednesday upheld the dismissal of a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer (NYSE:PFE) fellowship program designed to boost the pipeline of Black, Latino and Native American people in leadership positions at the drugmaker. The New York-based 2nd...
Binance, the world’s largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an “increased volume of transactions.” According to a Binance announcement released on March 6, the exchange expects to implement a solution and resume withdrawals starting on March 9. Binance Temporarily Halts Solana (SOL) Withdrawals According to the press release on March...