Finance

Australian Retail Sales surpassed expectations by a wide margin in July as consumer spending propped up on food and clothing, suggesting demand is recovering despite surging inflation and rising interest rates, the latest data published by the Australian Bureau of Statistics (ABS) showed on Monday. Retail Sales rose 1.3% in July, the seventh straight month of growth and …

Australia’s Retail Sales jump 1.3% MoM in July vs. 0.3% expected Read More »

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.8698 on Monday when compared to the previous fix and the previous close at 6.8486 and 6.8715 respectively. China’s central bank injected 2 billion yuan via 7-day reverse repos at 2.00% vs prior 2.00%. Information on these pages contains forward-looking statements that involve …

PBOC sets USD/CNY reference rate at 6.8698 on Monday Read More »

Early in 2021 the US Securities and Exchange Commission (SEC) charged Ivars Auzins (29) with fraud. According to the allegations, between November 2017 and July 2019 Auzins received more than $7 million to Auzins companies. After receiving the funds (in cryptocurrencies), the companies disappeared without providing the services it said to deliver. On 26 August …

Ivars Azuins Was Extradited to the United States, Charged with Wire and Securities Fraud Read More »

The Monetary Authority of Singapore (MAS) has sent an array of questionnaires to cryptocurrency exchanges operating in the city-state asking for granular details about their business activities. According to a Bloomberg report on Friday, the regulator is seeking information on top tokens owned by the exchanges, top counterparties for lending and borrowing, and the loaned …

Singapore’s MAS Seeks Information on Crypto Business Activities Read More »

XRP witnessed a marginal price surge of 1% in the past 24 hours. In terms of weekly performance, the digital asset was down by almost 2%, compared to a dip of approximately 10% in ETH and over 5% in Bitcoin. The movement of XRP coins across the network has increased in the last few days. …

Large XRP Addresses Move More than 150 Million Coins Read More »

Indian anti-money laundering agency, Enforcement Directorate (ED), raided the premises of CoinSwitch Kuber, one of the largest local cryptocurrency exchanges, under the suspension of forex law violations. The agency searched five premises linked to the crypto exchange, including office facilities and residences of directors and the CEO. CoinSwitch allegedly violated the Foreign Exchange Management Act …

Indian Agency Raids Crypto Exchange CoinSwitch Kuber for FX Law Violations Read More »

In an official announcement on 26 August, Infront confirmed that the company has entered into an agreement for the acquisition of Assetmax AG. Through the acquisition, Infront aims to enhance its product offering for wealth management clients across the European region. Infront noted that the transaction is expected to be completed by the end of …

Infront Announces Acquisition of Assetmax Read More »

The cryptocurrency sector has exploded with a myriad of virtual currencies all battling for dominance. With the advent of Defi, a slew of altcoins are expected to flourish in the coming future. ICON is one such cryptocurrency that is making headlines. The network uses blockchain technology to maintain a public ledger of all operations. The …

ICON (ICX) Price Prediction 2022, 2023, 2024, 2025: Is ICX A Good Investment? Read More »

Are you looking for that once-in-a-lifetime opportunity to make some real money? These things happen in crypto time and time again, and despite the current market downturn, experts think Uniglo could be the next big thing for your portfolio. The good news about the crypto space is that these tokens that make a new generation …

Uniglo (GLO) Is A Once In A Lifetime Opportunity To Make A Fortune, Like Shiba Inu (SHIB) And Ethereum (ETH) Once Did Read More »