Hong Kong unveils new stablecoin licensing regime
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.
The EEA’s new guidelines aim to establish a standard for mitigating risks in DeFi protocols, which will benefit regulators, developers and users alike.
New INATBA report reveals EU blockchain projects have transitioned from hype to practical applications, enhancing various industries and public sector efficiency.
As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria.
Gambaryan’s family has expressed concern about his well-being and appealed to the EFCC to release him and pursue its investigation into Binance instead.
The scam often starts on a Facebook ad where those interested click the link and are met with a “Letter from the Professor” or “Letter from the Dean” on the company website.
According to BlockBeats, on July 17, Federal Reserve Governor Kugler stated that the rebalancing of the employment market indicates that inflation will move towards 2%. If the unemployment rate continues to rise, it would be appropriate for the Federal Reserve to cut interest rates earlier. He reiterated the stance that a rate cut later in 2024 would be suitable.Kugler mentioned that the risks faced by inflation and employment are now more balanced. While inflation has continued to decline, it remains above the target. Data released by non-governmental sectors provide another perspective on the overall economy. Additionally, Kugler expressed cautious optimism that U.S. inflation will make progress towards the 2% target. The Federal Reserve does not wish for the labor market to cool excessively.
A surge in shares of Bank of America boosted XLF.
-- Gold prices rose to record highs in Asian trade on Wednesday, extending a strong run of recent gains amid growing optimism that the Federal Reserve will cut interest rates in September.
All three of the major market averages (^GSPC, ^DJI, ^IXIC) closed the day higher: the Dow Jones Industrial Average and the S&P 500 both achieving new record highs. This is the S&P 500's 38th record-high close in 2024. Meanwhile, small caps stocks, which are tracked on the Russell 2000 (^RUT), out erformed large caps on the Nasdaq 100 (^NDX) for their fifth straight day. New data shows that homebuilder sentiment in July has fallen to its lowest level since December 2023 as mortgage rates remain high. Yahoo Finance housing reporter Dani Romero joins Market Domination Overtime to break down the strain on homebuilders and how the Biden administration's proposal to cap rental price increases at 5% nationwide may impact the housing market. SMART Global Holdings (SGH), known for designing, building, and managing AI infrastructure systems, announced it secured a $200 million investment from SK Telecom (SKM) and that it will be changing its name to Penguin Solutions, its biggest brand. SGH CEO Mark Adams joins the show to discuss the new $200 million investment into the company, its involvement in the AI sector, and more. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino