The survey concluded that the Fed’s quantitative tightening used to curtail inflationary threats could be bad for crypto and tech stocks.
Binance US arm, Binance.US, is also under investigation by the SEC. The watchdog wants to ensure that the US business is appropriately operating independently from the crypto company.
The bullish trends observed in the Asia-Pacific region as the Commerce Secretary, Gina Raimondo told CNN that President Joe Biden’s administration is “looking at” potentially lifting some tariffs on China to fight inflation.
The RCEP trade deal China is advocating will offer immense benefits to member nations including forgoing export paperwork requirements.
As it stands, the Federal Reserve may add another 50 basis points to the interest rate this month or next.
Many notable names in the crypto space present at the WEF spoke of the unsustainability of the existing cryptocurrencies.
In response to the lawsuit, Gemini said the company has always been open to constructive regulations and is ready to prove that it is ever abiding by existing rules and regulations governing the nascency of the product categories it offers to investors and traders.
Following a two-day decline, European shares are on the mend again as investors assess data on eurozone producer and consumer prices.
OpenSea claims that the team was aware of Chastain’s insider trading activities, and it commenced an investigation. Also, the marketplace asked the executive to leave for violating the company’s policy.
The Binance Web3 fund will fund early-stage private projects across various stages, including incubation, early-stage and late-stage growth.
Bitcoin has given a strong bounceback on Sunday preventing a negative closing for the ninth-consecutive week in a row. Bitcoin decoupling from US equities still remains a concern.
US stock futures registered gains to begin the week as global financial news optics remain slightly positive.
Terra launched LUNA 2.0 on schedule without the UST or any algorithmic stablecoin. LUNA however crashed within a day.
The more the acquisition deal stalls, the more the social media giant’s valuation slumps.
The robust reports on Chinese tech stocks came in the midst of the strict Covid policy in China that has been choking the nation’s economy.