China’s Evergrande Group Files for Bankruptcy Protection in the US
By
Darya Rudz
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court.
Reports
Explore the latest reports on markets, business, finance, cryptocurrencies, and technology put together by Coinspeaker staff writers and partner companies
Binance to Shut Down Its Buy-and-Sell Service Binance Connect
By
Darya Rudz
Binance has confirmed the news, stating it would shift its focus to its main products and long-term goals.
Russian President Vladimir Putin Signs Law on Digital Ruble
By
Darya Rudz
The Bank of Russia has promised there will be no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. Similar to cash and non-cash rubles, the digital ruble will also have no expiry date.
US Congressman Warren Davidson: CBDC Corrupts Money into Tool for Coercion
By
Darya Rudz
The US has been exploring CBDCs, but it has not yet determined whether it will pursue one. The possibility of a digital US dollar itself has provoked serious concerns in the country, with the community’s opinions on this matter divided.
Elon Musk Expanding His Ventures, Facing Scrutiny Over Governance Issues
By
Darya Rudz
Investors are wondering if there will be a devaluation of the Tesla giant since Elon Musk’s initiatives might lead to competition between the EV maker and new ventures.
FSB Finalizes Global Regulatory Framework for Crypto
By
Darya Rudz
The aim of FSB was to provide a regulatory framework that would comply with the principle of “same activity, same risk, same regulation” and cover all possible risks related to crypto activity.
Gemini, Kraken, and Bitstamp to Resume XRP Trading Following Court Ruling
By
Darya Rudz
Exchanges that delisted XRP back in 2020 in the wake of the lawsuit filed by SEC are now exploring the opportinities for XRP relisting. Among them are Gemini exchange, Kraken exchange, and Bitstamp.
BlackRock Is Betting On AI, Calling It ‘Mega-Force’ That Will Drive Macro Trends
By
Darya Rudz
According to BlackRock, the new macro regime is already offering a number of opportunities, all investors need to do is to be selective within asset classes and benefit from structural shifts, such as the rise of AI, decarbonization and the growth of private direct lending.
Ripple Gets In-Principle Regulatory Approval to Operate in Singapore
By
Darya Rudz
The license will allow Ripple to provide better support to its “forward-looking customers”, as well as facilitate the process of building a “more inclusive and borderless financial system”.
Qualcomm Reports 17% Phone Chip Sales Fall in Q2 2023, QCOM Stock Tanks by 6% in Pre-market
By
Darya Rudz
The company explained a 17-per cent drop in revenue by a tough macroeconomic environment and a “broad downturn” in the semiconductor sector.
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