Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms. The SFC requires the licensing by June of all cryptocurrency exchanges operating
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In this article MELI EOG ADSK BA BYND SQ CVNA WBD Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Check out the companies making headlines after hours. Carvana — Shares rose 1.7%. CEO
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A
S&P Global Ratings upgraded Illinois by one notch Thursday for ongoing progress in chipping away at its debts and rebuilding its rainy day fund. The action — lifting $26.5 billion of general obligation bonds to A-minus from BBB-plus — puts the state back into the single-A category for the first time in seven years and
Arkansas Gov. Sarah Huckabee Sanders’ sweeping K-12 education plan passed the Senate Thursday as it continued on a fast trajectory through the legislature despite bipartisan calls to slow down the measure, which includes a phased-in, universal school voucher program. The Republican governor’s Arkansas LEARNS plan received its first public airing on Wednesday before the Senate
For the past two decades Brooklyn has developed and emerged as a super borough; an alternative for institutional capital in New York City, and in some metrics, topping the undefeated borough of Manhattan. The following major factors have contributed to this trend: No longer second class. Brooklyn has become the first choice for residents, businesses
While investor interest in local government debt remains on the mend after bottoming out late last year, some cities are faring better than others, according to University of Chicago Center for Municipal Finance data. The Harris School of Public Policy’s CMF launched the indices in 2018 to track secondary market general obligation bond values of
Municipals were mixed Thursday as outflows from muni mutual funds intensified. U.S. Treasuries were firmer, and equities ended up. The three-year muni-UST ratio was at 63%, the five-year at 64%, the 10-year at 67% and the 30-year at 92%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the three at 63%,
The original manuscript of Neil Stephenson’s Snow Crash, the book that coined the term “metaverse,” will be auctioned by Sotheby’s, according to a page on its official website. The auction is part of a Feb. 23 series called “Infocalypse” that includes six physical and six digital items related to the famous book. The original manuscript is
The Puerto Rico Oversight Board received some support in its battle over discovery with Puerto Rico Electric Power Authority bondholders, but the court has yet to weigh in. Puerto Rico’s Fiscal Agency and Financial Advisory Authority filed a joinder Thursday, supporting the board’s position on discovery. “There will be a time and place to bring
Lawmakers in Massachusetts are considering legislation to establish a “baby bond” program, an effort proponents believe will help address racial wealth disparities. Following nearly a year of work by the office of State Treasurer Deborah Goldberg in researching potential plans the bill was submitted to state lawmakers this week. “Baby Bonds is a proactive approach
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge
Bitcoin’s (BTC) 16% price gain between Feb. 13 and Feb. 16 practically extinguished the bears’ expectation for a monthly options expiry below $21,500. As a result of the abrupt rally, these bearish bets are unlikely to pay off, especially since the expiry occurs on Feb. 24. However, bulls were not counting on the strong price
JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while noting the U.S. economy continues to show signs of strength. “I have all the respect for [Fed Chair Jerome] Powell, but the fact is we lost a little bit of control of inflation,” Dimon said
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School
The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed an
The White House is narrowing its search for a nominee to become the next Federal Reserve vice chair, intending to swiftly replace Lael Brainard, who became President Joe Biden’s top economic adviser this week. A top tier of candidates is taking shape led by Harvard University professor Karen Dynan and Northwestern University professor Janice Eberly,
Transit systems around the country have experienced a sputtering recovery from COVID-19, but the state of two large California agencies underscores how much the funding structure they had in place before the pandemic affects their fiscal recovery. Before the pandemic, the San Francisco Bay Area Rapid Transit System, which runs 131 miles of rail service
In this week’s episode of Market Talks, Cointelegraph welcomes Brenda Gentry, or as she’s known on Twitter, Cryptomom. Gentry has over 15 years of experience in traditional banking. She started researching and investing in cryptocurrencies during the 2020 lockdowns and made substantial returns in 2021 after which she launched Gentry Media Productions. She is currently on a
In this article MOS EBAY DPZ Follow your favorite stocksCREATE FREE ACCOUNT Lucid Air Courtesy: Lucid Motors Check out the companies making headlines in midday trading. Nvidia — The chip stock spiked 12% after Nvidia topped expectations on the top and bottom lines in its most recent quarter. Wall Street analysts approved of the results,
US prosecutors have widened their criminal case against Sam Bankman-Fried, adding new charges and detailing a “series of systems and schemes” through which they allege the FTX founder siphoned off billions of dollars from customer deposits. The updated indictment, released on Thursday morning, added charges including securities fraud and conspiracy to commit bank fraud. That