MEXC Addresses Missing Funds Concerns Amidst Allegations of 'Clawbacks'

The MEXC exchange denies any accusations that it has arbitrarily confiscated customer money. According to a Coin Telegraph report, several MEXC users have recently complained on social media of random “clawbacks” or centralized withdrawal freezes and liquidations of funds. User “Al Gore Rhythms” had $33,658 deducted from his spot account. When he pressed customer service about the...

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Yen Rises After BoJ Junko Nagakawa Comments

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, after the Bank of Japan policymaker Junko Nagakawa signaled about on potential interest rate hikes. The BoJ board member Nagakawa stated that the central bank may adjust the extent of its monetary easing if the economy and prices align with its...

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Pound Slides Amid BoE Rate Cut Speculation

The British pound weakened against most major currencies in the European session on Thursday, in the wake of dovish comments from BoE\'s Bailey about rate cuts. In an interview, the Bank of England Governor Andrew Bailey said market expectations for rate cuts this year are not unreasonable. About the inflation outlook, Bailey said \"We are...

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What is a fiduciary?

VioletaStoimenova/Getty Images Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. A fiduciary is someone who acts in the best interests...

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Bargain Hunting May Boost KOSPI On Monday

The South Korea stock market has moved lower in four straight sessions, slipping more than 55 points or 2.1 percent along the way. The KOSPI now sits just above the 2,685-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is cautiously optimistic, with technology shares expected to...

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Metaplanet Shares Surge After its Third Million-Dollar Bitcoin Purchase

Metaplanet has experienced a double-digit surge in its shares following the disclosure of another million-dollar Bitcoin (BTC) purchase. According to a statement released on June 11, Metaplanet acquired 23.25 Bitcoin (BTC), equivalent to nearly $1.59 million, marking the company’s third Bitcoin purchase within a span of seven weeks. This brings their total Bitcoin holdings to...

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Indian Markets Closed For Bakri Id

Indian stock markets remain closed today on account of Bakri Id. In the absence of any major domestic triggers, global cues, trading activity of foreign investors, oil price movements and monsoon updates from the IMD may sway sentiment in the truncated week. The 30-share BSE Sensex rose 299.41 points, or 0.39 percent last week, while...

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