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.
Microsoft to Acquire Activision Blizzard for Nearly $70 Billion
"Gaming is the most dynamic and engaging category of entertainment today across all platforms and will be essential to the development of metaverse platforms," Microsoft Chairman and CEO Satya Nadella said in a news statement Tuesday
Companies
China’s Digital Yuan Wallet Now Has 260 Million Individual Users
The digital yuan innovation underwent tests and validation for two years before entering the mainstream market. The PBOC has since declared its experiment an official success, introducing its digital wallet earlier this year in Chinese versions of iOS and Android.
Forex
Omicron Threat Seen ‘as Short Term’ By Business Leaders: Commerce Secretary
Omicron, the most recent coronavirus strain, has had a significant impact on some areas of the economy, resulting in workforce shortages and child care concerns, as well as reawakening some Americans' fear of leaving home again.
Banks and Finance
Opinion: Citadel’s $1.15 Billion Cash Infusion Isn’t A Bailout But The Final Test Of Ken Griffin’s ‘Death Star’
Early Tuesday, Citadel Securities unveiled a $1.15 billion investment from Sequoia Capital and crypto investment firm Paradigm. It blew many minds, even if some were blown in the wrong way.
Banks and Finance
Stock Market News Live Updates: Stock Futures Rise Despite Record Jump In Wholesale Prices, Rise In Jobless Claims
Comerica Wealth Management chief investment officer John Lynch believes the 7% reading has been priced into the stock markets, although she adds that CPI has a bit further to go before it reaches peak levels.
Stocks
Hong Kong’s De Facto Central Bank, Proposes Regulating Fiat Currency-Backed Stablecoins With Rules Similar to Banks
This contrasts with its long-held view that bitcoin, the world's largest cryptocurrency with a market capitalization of US$809 billion, is not a form of payment but only a "commodity."
Banks and Finance