Bitcoin climbs above US$28,000, XRP leads winners for the week, U.S. equities jump
Bitcoin, the world’s most popular cryptocurrency, bounced back above $28,000 in Thursday morning trading in Asia. This was despite concerns over regulators in the U.S. filing warnings and lawsuits against cryptocurrency exchanges. The rally was broad-based, lifting most of the other top 10 non-stablecoin cryptocurrencies. While Bitcoin led the day’s gains, the XRP led the […]
Biden White House says China shouldn’t ‘react harshly’ to Taiwan leader’s visit to U.S.
White House Says China Should Not be Upset by Taiwanese President’s Visit to US The White House has suggested that Chinese officials should not be upset by Taiwanese President Tsai Ing-wen’s visit to the United States this week. John Kirby, Coordinator for Strategic Communications for President Joe Biden’s National Security Council, made the statement during […]
FX option expiries for Mar 30 NY cut
FX option expiries for March 30th NY cut at 10:00 Eastern Time, via DTCC, have been revealed in the tables below. These expiries provide insights into the potential impact of options that are about to expire and can help traders anticipate potential price movements. EUR/USD: The first table shows EUR option expiries with their corresponding […]
Fair crypto laws ‘possible’ in the US but needs ‘a lot of work’ — Crypto Council advisor
The Crypto Council for Innovation has expressed hope that the United States can develop laws to treat the cryptocurrency industry fairly. However, an advisor to the council, Sean Lee, has warned that achieving fair treatment will require “a lot of work.” Speaking at the World of Web3 (WOW) Summit in Hong Kong, Lee stated that […]
Warner Music Group to cut around 4% of its overall workforce
Warner Music Group Corp., one of the world’s largest music entertainment companies, announced on Wednesday that it would be letting go of approximately 270 employees, which accounts for around 4% of the company’s total workforce. This downsizing involves employees from a variety of departments, ranging from marketing to international operations, and most of these job […]
Urgently need faster, more efficient mechanisms for providing debt support
According to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, there is an urgent need to establish faster and more efficient mechanisms for debt support to countries that are vulnerable. This comes as the world continues to grapple with the impact of the COVID-19 pandemic, further straining the already shaky economies of […]
LendingTree to cut around 13% of its workforce
LendingTree, an online lending platform, announced on Wednesday that it plans to reduce its workforce by 13% to decrease costs. In a filing, the company said that it committed to a workforce reduction plan on Friday with the goal of reducing expenses. As a result of the reduction, LendingTree expects to record approximately $5.6 million […]
Hong Kong’s digital currency firms see interest from Chinese banks after mainland ban
Months after regulators set out to make Hong Kong a digital currency hub, Chinese banks have reportedly shown interest in firms establishing themselves there. According to Bloomberg, several Chinese banks, including Bank of China, Shanghai Pudong Development Bank and the Bank of Communications, have made inquiries with digital currency companies to offer financial services in […]
Disney slices more than 300 streaming jobs in China: report
Walt Disney Co. has announced that it has eliminated more than 300 streaming employees in China. The employees worked in the areas of personalization, search, and customer identification for Disney’s streaming services. The layoffs were part of Disney’s cost-cutting program to eliminate 7,000 jobs, which began in earnest this week. The company is in the […]