Latest News
Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.
Insider News: Apple Working To Bring More Financial Services In-House
A multi-year plan would centralize a wide variety of financial features, according to the sources, who requested anonymity because the plans are not public. This comprises payment processing, credit risk assessment, fraud analysis, and extra customer support responsibilities such as dispute resolution.
Companies
EU Parliament Passes Privacy-Busting Crypto Rules Despite Industry Criticism
European Union legislators voted last week in support of highly controversial legislation prohibiting anonymous cryptocurrency operations, a measure the sector argued would slow innovations and infringe on personal privacy.
Crypto
Insider News: Britain Will Reveal Crypto Regulation Plans In Coming Weeks
British Finance Minister Rishi Sunak is set to propose a new legal framework for cryptocurrency in the coming weeks, as sources, choosing to remain anonymous since the information has not yet been made public, unveiled.
Crypto
Stock Market News Live Updates: Stocks Extend Losses To Cap Worst Quarter In 2 Years
Stocks slumped Thursday as investors pondered President Joe Biden's intention to release the greatest amount of oil ever from the country's strategic petroleum reserves in an attempt to cool soaring energy costs.
Stocks
Insider News: Amazon Has Been Secretly Testing Its Drone-Delivery Program And Plans To Drop Packages From The Sky
However, according to industry sources, those objectives might yet alter since Prime Air has been extremely slow to start due to regulation obstacles, turnover rates, and safety risks. Because individuals feared punishment from Amazon, these employees wished to remain anonymous.
Companies
Chinese Regulators Are Now Scrutinizing Live-Streaming. These Stocks Are Falling.
The report sent some stocks in the industry plummeting. Huya's US-listed shares fell 6.5% in premarket trade Wednesday, with DouYu falling 5.5% and Joyy down almost 4%. Kuaishou Technology fell 6.2% in Hong Kong trade.
Banks and Finance
The Yen Had Its Worst Drop In 20 Years. Why It Could Help Japanese Stocks
Kuroda is dealing with a different market than Jerome Powell and his colleagues at the Fed. Japan just recently emerged from deflation, with an inflation rate of less than 1%. In the United States, inflation is near 8%. As a result, a milder stance from the BoJ seems logical.
Forex Discover
Insider News: Leaked Slack Messages Show Shopify Plans To Address Pay And Attrition Woes
Shopify workers were informed on Tuesday that Thawar would make a statement on payments soon, and the matter would be addressed in an upcoming town hall. An attempt to reach a Shopify spokesperson for comment on this development was unsuccessful.
Companies
Insider News: Coinbase To Reportedly Buy The $2.2B Brazilian Unicorn Behind Mercado Bitcoin
Articles have reported that Coinbase plans to purchase 2TM to increase its worldwide presence. After previously acquiring an Indian AI company in response to client concerns over unnecessary customer support, a San Francisco exchange recently acquired blockchain infrastructure platform Bison Trails.
Crypto
Stock Market News Live Updates: Stocks Extend Gains Into Third Week With Boost From Big Tech
US equities finished higher Monday, extending a two-week hot streak, as investors prepared for a busy week filled with critical economic statistics that might position the Federal Reserve to act more hawkish on interest rate hike plans.
Stocks
The Stock Market Got A Big Boost From The Bond Selloff. The Fed Could Change That.
Avoid looking for the "positive news" that fueled the week's advances — there was none, at least not in the usual sense. Russia's attack on Ukraine seems to be far from over. Fed Chair Jerome Powell and several central bank officials have discussed the prospect of a half-point rate hike at forthcoming meetings.
Stocks
Insider News: China’s E-Commerce Giant JD.Com Is Reportedly Laying Off At Least 400 Workers, Adding To Massive Layoffs Seen At Other Major Chinese Tech Firms Like Alibaba And Tencent
JD.com's announcement came after claims that Alibaba, another e-commerce behemoth, was also contemplating cutting off at least 15% of its workforce in 2022. This would result in the loss of almost 39,000 employment, Reuters said, referencing anonymous individuals.
Companies
Expert Opinion: Bitcoin Is on the Verge of a Major Breakout — and What Else Is Happening in Crypto Today
"Bitcoin is on the cusp of a huge breakout as the price is on track to challenge the $45k, which has been a strong resistance since mid-January," said Yuya Hasegawa, an analyst at Japanese cryptocurrency exchange Bitbank.
Crypto
Stocks Gain. Europe is in Focus.
On Thursday, the price of West Texas Intermediate oil plummeted roughly 3%, one day after its spike related to Wednesday's stock market slump. Still, oil is trading at $111 a barrel, approximately 25% more than it was when news of Russia's impending invasion of Ukraine broke in February.
Stocks
Expert Opinion: Delisting Chinese Stocks Is Still on the Table. Watchdog Says Hope for a Deal is ‘Premature.’
The PCAOB stated that it is continuing to communicate with Chinese authorities, but it also stated that there are no signs of a weakening of the US position, which needs full access to relevant audit documents, including for corporations in sensitive areas.
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