Donald Trump on Thursday became the first former president to be indicted in the near-250-year history of the US. Trump, who leads in polling to be the Republican candidate for president in 2024, was charged by a New York state grand jury following an investigation by Manhattan district prosecutors led by Alvin Bragg. Trump, 76,
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After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee’s first subcommittee, said the prospects of this happening were bolstered after members agreed to narrow their differences. Politicians
Passengers flying from London’s Heathrow airport face potential disruption over the Easter holidays after security staff began a strike in a row over pay. More than 1,400 members of the Unite union began 10 days of industrial action on Friday after last-ditch talks to find a deal broke down. The strike will run until Easter
The client approached my desk, clearly unhappy. Her new granite countertops didn’t look as handsome in her kitchen as she had expected. She thought maybe the fabricator had installed the wrong slab. I sent our project manager to the job site, paperwork in hand, to check. He confirmed that she did get the Santa Cecilia
Eurozone inflation has fallen more steeply than expected to its lowest level for a year after a decline in energy costs. But economists warned an acceleration in the rate of price increases for food and services was likely to worry the region’s rate-setters. Consumer prices in the euro area rose 6.9 per cent in the
Bitcoin (BTC) is back below $28,000 as the countdown to the monthly close keeps everyone on their toes. 200-week trend line among popular BTC price targets Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping to two-day lows of $27,533 on March 31. A modest bounce means that the pair is trading at around
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment.
European stocks and US futures inched higher on Friday ahead of closely watched inflation readings on both sides of the Atlantic, with traders on the alert for the impact on consumer prices of higher interest rates. Europe’s region-wide Stoxx 600 was flat shortly after opening and is on track to finish the quarter up more
Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology
China’s non-manufacturing sector activity expanded at the fastest rate in more than a decade in March, but manufacturing growth dipped from the previous month in further signs of an uneven recovery as the economy struggles to emerge from the shadow of the pandemic. The National Bureau of Statistics non-manufacturing purchasing managers’ index, which includes the
The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to
The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. The new website domain name — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and Exchange Commission according
I’m not sure people on my side of the Atlantic fully appreciate quite how much better off the average American is than the average European. A car-wash manager in Alabama can now earn $125,000, about 50 per cent more than the head of cyber security at the UK Treasury even after accounting for different living
During the depths of the global financial crisis, Colm Kelleher was instrumental in keeping Morgan Stanley afloat — an experience the Irish finance veteran will draw on as he oversees the biggest bank takeover since those tumultuous days. “He was on the phone with regulators all the time,” recalled John Mack, Morgan Stanley’s chief executive
Donald Trump was a norm-shattering American president during four tumultuous years in the White House. Now, with a Manhattan grand jury handing down a criminal indictment against him on Thursday evening, Trump and the US have once again hurtled into uncharted — possibly dangerous — territory. The news of the grand jury’s vote upended recent
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.” SEC Charges Crypto Exchange Platform Beaxy The U.S. Securities
When troubles come, they come not single spies but in battalions. Donald Trump’s criminal indictment — the first in history of a former, and possibly future, US president — has a Shakespearean quality to it. This dramatic moment has been long anticipated and cued by Trump himself, who expected it to take place last week.
Economist Peter Schiff has warned of “the biggest economic disaster” in U.S. history. He stressed that we are on the cusp of a financial crisis and “it’s going to be much bigger than the last.” In addition, he said the U.S. dollar is being debased in order to fund the bank bailouts. Peter Schiff Foresees
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative
Our weekly roundup of news from East Asia curates the industry’s most important developments. Binance’s secret U.S. users On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, the
Japan is planning to impose export restrictions on 23 types of equipment used to manufacture semiconductors, as the geopolitical tensions between the US and China sharpen, the government said on Friday. The restrictions, which will come into effect in July, will require Japanese companies that feature heavily and critically in the global semiconductor supply chain,