UTXO Management and Sora Ventures acquired a 70.26% stake in HK Asia Holdings, aiming to lead Bitcoin adoption in Asia.Sora Ventures launched a $150M fund to integrate Bitcoin as a reserve asset in corporate treasuries across Asian markets. UTXO Management, Sora Ventures, and other strategic partners have finalized the acquisition of a 70.26% share in...
The South Korea stock market on Thursday snapped the three-day winning streak in which it had rallied more than 65 points or 2.7 percent. The KOSPI now sits just above the 2,480-point plateau although it may see renewed strength on Friday. The global forecast for the Asian markets is upbeat on solid earnings news and...
German stocks traded higher on Wednesday ahead of key U.S. consumer price inflation data due later in the day and a European Central Bank (ECB) policy meeting on Thursday. The ECB is expected to cut its deposit rate by 25 basis points on Sept. 12 and again in December. The benchmark DAX was up 57...
The China stock market has tracked higher in three straight sessions, advancing more than 30 points or 1.1 percent along the way. The Shanghai Composite now sits just above the 2,735-point plateau although the rally may stall on Monday. The global forecast for the Asian markets is soft, with profit taking likely on the docket...
To align with EU standards, the United Kingdom unveiled plans on March 6 to integrate both stablecoins and central bank digital currencies (CBDCs) into its regulatory structure. Former Bank of England (BoE) official Varun Paul detailed the UK’s effort to catch up with the rest of the European Union in crypto regulation in a report...
The Taiwan stock market on Wednesday halted the two-day losing streak in which it had slumped more than 100 points or 0.5 percent. The Taiwan Stock Exchange now sits just above the 20,200-point plateau and it may add to its winnings on Thursday. The global forecast for the Asian markets is upbeat on continued optimism...
The Canadian dollar strengthened against its major counterparts in the New York session on Tuesday, following the release of hotter-than-expected inflation data for October. Data from Statistics Canada showed that the consumer price index rose 2.0 percent year-over-year in October, following a 1.6 percent increase in September. Economists had expected a 1.9 percent increase. On...
Members of the Bank of Japan\'s Monetary Policy Board said that Japan\'s economy is trending upward and should continue to do so in the short term, minutes from the central bank\'s January 22 monetary policy meeting revealed on Monday. Overall inflation is likely to be above 2 percent through fiscal 2024, although it may slow...
European stocks may open on a positive note Wednesday as U.S. recession worries eased and the Bank of Japan played down the chances of a near-term rate hike, triggering a sharp fall in the yen. U.S. stock futures reversed early losses to trade higher despite AI darling Super Micro Computer reporting earnings below estimates. Asian...
The U.S. Securities and Exchange Commission (SEC) is seeking an additional $158 million for its 2025 budget to address the growing complexities in financial markets, particularly the challenges stemming from the crypto sector. U.S. Securities and Exchange Commission Requests Increased Budget According to the SEC’s March 11 Congressional Budget Justification, the agency is requesting a...