Asia FX weak as Fed jitters grow, yen stalls after suspected intervention
-- Most Asian currencies fell on Tuesday as anticipation of a Federal Reserve meeting this week kept traders largely biased towards the dollar, with the Japanese yen...
-- Most Asian currencies fell on Tuesday as anticipation of a Federal Reserve meeting this week kept traders largely biased towards the dollar, with the Japanese yen...
-- Australian retail sales unexpectedly shrank in March as consumer spending remained under pressure from sticky inflation and high mortgage rates- a trend that is...
-- Chinese manufacturing activity grew slightly more than expected in April, as the sector continued to benefit from stimulus measures from Beijing, although the...
-- Japanese industrial production grew more than expected in March, preliminary data showed on Tuesday, indicating some relief in the country;s manufacturing sector...
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws.
The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.
Prosecutors initially sought to charge the former Binance executive with 36 months.
Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond.
The early crypto investor, often called “Bitcoin Jesus,” faces extradition to the U.S. after being charged with evading nearly $50 million in taxes.