Inflation, unemployment and final manufacturing Purchasing Managers\' survey results from the euro area are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the UK Nationwide house price data is due for February. Economists forecast house prices to grow 0.7 percent annually after easing 0.2 percent in January....
On February 29, crypto exchange Coinbase unveiled two new wallet solutions, focusing on simplifying the onboarding process for newcomers to crypto. A tweet from Coinbase Wallet revealed the upcoming launch of a smart wallet and embedded wallet features. The biggest barrier to growing onchain adoption is the complexity of onboarding. We’re excited to introduce our smart...
European stocks may open on a positive note Friday as January U.S. inflation data reinforced expectations for a June cut to interest rates. Eurostat will release Eurozone Harmonized Index of Consumer Prices (HICP) data for February later today and it is likely that the data would strengthen the case for the European Central Bank to...
Crypto hedge fund LedgerPrime, once linked to the bankrupt FTX crypto exchange, has relaunched under the name MNNC Group according to a February 29 Bloomberg report. As reported by Bloomberg, the rebooted crypto hedge fund has raised an investment amount in the “mid-eight-figures.” A New Start for Former FTX-Affiliated Employees LedgerPrime was forced to cease...
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday. In economic news, data from Caixin showed that the manufacturing sector in China continued to expand in February, and at a slightly faster rate, with a manufacturing PMI score of 50.9. That\'s up from 50.8 in January, and it moved further...
The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of the domestic anti-money-laundering regulator Rosfinmonitoring, said the Russia FATF rating was confirmed at a plenary meeting on February 23. Russia FATF Rating: Crypto Regulation Costs...
Asian shares turned in a mixed performance on Friday after the release of key U.S. and Chinese economic data. A key U.S. inflation metric closely watched by the Federal Reserve increased at the slowest rate in nearly three years, fueling hopes for a Fed rate cut in June. China reported mixed data, increasing pressure on...
Cryptocurrency trading platform Binance has made the decision to remove the Nigerian currency, the naira, from its peer-to-peer (P2P) service, prompting discontent and concern among Binance users in Nigeria. This development coincides with reports that two Binance executives have been detained in Nigeria, with their passports confiscated. The executives had traveled to Nigeria to address...
Competition Bureau Canada announced Friday that the court has allowed it to expand its ongoing investigations into the online advertising practices of Alphabet Inc.\'s Google in Canada. The Bureau has been investigating Google since October 2021 on whether the search giant engaged in certain practices that harm competition in the online display advertising industry in...
Nokia is gearing up for a surge in network demand driven by anticipated advances in the metaverse, Web3, and artificial intelligence (AI) by the year 2030. The company’s Technology Strategy 2030 report outlines plans to address this increased demand through investment in network infrastructure and services. Nokia predicts a substantial 22%–25% rise in network demand...