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Hong Kong Plans to Make Stablecoin Licensing Mandatory This Year
The Hong Kong regulator HKNA noted that algorithmic stablecoins like TerraUSD won’t be entertained as part of the region’s new stablecoin legislation.
Alameda Research Files $446M Loan Repayment Lawsuit against Voyager Digital in Ongoing FTX Fallout
By Tolu Ajiboye
Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans.
Euro Zone Economy Pops Higher Than Expected in Q4 2022
Despite surpassing expectations in 2022 Q4, some economists are projecting that the euro zone could transit into a recession later this year.
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Wall Street Giants Eyeing Crypto Now More than Ever
The range of opportunities being seen by these firms as highlighted by Bloomberg transcends digital currency trading.
Crypto Prices Fall Ahead of Fed Rate Hike, Here’s What to Expect
Market specialists expect a Fed rate hike of 25 basis points as the battle against inflation continues.
Crypto Layoffs: January Job Cuts Nears 3000
Major tech firms have also announced varying degrees of job cuts as they continue to adapt to the changing market situations.
Twitter Pays Interest on $12.5 Billion Debt, First since Elon Musk’s Buyout
Twitter made the first interest payment of $300 million to Morgan Stanley and seven other lending institutions.
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Rivian Automotive Inc.
Rivian is an electric vehicle manufacturer that wo...
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BYD Company
BYD is a multinational high-tech company devoted t...
Asia Chipmakers See Shares Slide amid Abysmal Samsung Quarterly Profit
By Tolu Ajiboye
Several chipmakers in Asia suffered drawdowns to their shares in the aftermath of poor global smartphone shipments.
BlockFi Secures Approval for Crypto Mining Business Auction
By Tolu Ajiboye
Embattled crypto-centric company BlockFi looks to auction off its mining equipment amid its ongoing bankruptcy case.
UBS Shares Down 2.9% Despite Recording Better than Expected Revenue in Q4 2022
According to UBS, it expects a better Q1 as a result of the growing impact of the interest rate slowdown, as well as the easing of COVID-19 restrictions in China and other Asian countries.
