Binance co-founder He Yi provided insights into Changpeng Zhao’s (CZ) legal situation at a Dubai event on April 19, expressing optimism despite his upcoming sentencing in the United States. This follows CZ’s plea deal, which resulted in his departure from Binance and the company’s substantial $4.3 billion forfeiture. While there’s potential for a sentence of...
The Mango Markets hacker, Avraham Eisenberg, was found guilty on Thursday in a Manhattan federal court for orchestrating a scheme that resulted in the theft of approximately $110 million from the Solana-based DeFi platform. Prosecutors argued that Eisenberg orchestrated a complex exploit on the platform, leading to substantial financial losses. Eisenberg, who has been in...
European stocks may open slightly higher on Wednesday after reports that the United States and the European Union are planning to impose new sanctions on Iran, following its weekend attack on Israel. Israel has vowed to retaliate against Iran, but officials haven\'t said how or when they might strike. Israel\'s Foreign Minister Israel Katz said...
Consumer and producer prices from the UK and the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for March. Consumer price inflation is expected to ease to 3.1 percent from 3.4 percent in...
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday. The NZ dollar rose to a 2-day high of 91.37 against the yen, from a recent 5-month low of 1.8108. Against the Australian dollar, the kiwi advanced to a 2-day high of 1.0861 from a recent low of 1.0919. The...
Shares of Trump Media & Technology Group Corp. fell more than 14 percent on Tuesday\'s trading on Nasdaq after the operator of the social media platform Truth Social founded by former U.S. President Donald Trump announced its plans to launch TV Streaming Platform. The company, mostly owned by Trump, said it has finished the research...
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, after data showed the consumer prices in New Zealand rose on quarter in the first quarter of 2024, as expected. Data from Statistics New Zealand showed that the consumer prices in New Zealand were up a seasonally adjusted 0.6 percent...
Asian stocks ended mixed on Wednesday, with mainland Chinese stocks posting strong gains after GDP data for the first quarter beat expectations. Japanese markets led losses to end lower for a third day running due to concerns over rising bond yields and heightened tensions in the Middle East. Uncertainty around rate cuts grew after Fed...
First Community Corp. (FCCO), the holding company for First Community Bank, reported Wednesday that net income for the first quarter declined to $2.60 million or $0.34 per share from $3.46 million or $0.45 per share in the prior-year quarter. Total net revenue for the quarter increased to $15.25 million, including $12.07 million of net interest...
Year-ahead inflation expectations among businesses in the southeast U.S. edged slightly lower in the month of April, according to the results of a survey released by the Federal Reserve Bank of Atlanta on Wednesday. The survey found that firms\' year-ahead unit cost expectations slipped to 2.3 percent in April from 2.4 percent in March. The...