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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.
Chip Armageddon Reveals How Terrifyingly Fragile the U.S. Supply Chain Actually Is
According to a new report issued Tuesday by the Department of Commerce, the average inventory of semiconductor chips has decreased from 40 days in 2019 to less than five days in 2021. Certain critical industries were particularly strained.
Companies
Us-China Tech War: Shenzhen To Establish International Sourcing Platform For Semiconductors As Global Chip Shortage Persists
With critical online and physical infrastructure, the authorities want Shenzhen-based enterprises to group with each other and acquire bigger influence when purchasing hardware, electronic parts, and raw materials.
Banks and Finance
Crypto Firm Fireblocks Raises $550 Million, Company Valued At $8 Billion
Fireblocks, virtual asset custody, transfer and settlement platform, stated on Thursday that it had secured $550 million from investment organizations, one of the biggest funding rounds in the crypto industry in recent years.
Crypto
Stock Market News Live Updates: S&P, Dow Close Slightly Lower Following Fed Decision
"With inflation well over 2% and a healthy employment market, the Committee believes it will be reasonable to raise the target range for the federal funds rate," the Federal Open Market Committee declared in a report.
Companies Discover
Hong Kong Retail Banks Are Having Their Worst Time In A Decade As Low-Interest Rates Crimp Profits
Hong Kong's retail banks are experiencing their worst year in a decade, as low-interest rates combined with the ongoing Covid-19 outbreak have slashed profit margins for the third straight year.
Banks and Finance
Chip Shortage Leaves U.S. Companies Dangerously Low on Semiconductors, Report Says
Commerce Secretary Gina Raimondo stated that the survey findings demonstrate the critical significance of Congress approving the U.S.'s The Innovation and Competition Act which contains a $52 billion investment to stimulate domestic semiconductor manufacturing.
Companies
This Fed Meeting Is Crucial. Future Rate Hikes Are Just The Start
Ryding also does not expect the Federal Reserve to follow in the footsteps of the Bank of Canada, which unexpectedly terminated its asset purchasing in 2021. "What I expect to receive is clarification from the Federal Open Market Committee Session," he said.
Banks and Finance
Bitcoin, Ether, and Other Cryptos Claw Back Losses
Bitcoin, the world's most valuable digital asset, went up 8.3 percent in the previous 24 hours to $36,398, according to CoinDesk statistics. It had traded at $33,000 in the midst of Monday's dumping - it had previously been over $42,000 the previous week.
Crypto Discover
Bank of Korea Says First Phase of CBDC Test Completed Successfully
It is noted in the statement the first part evaluated the fundamental functionalities of a CBDC in a simulated ecosystem, involving fabrication, releasing, and delivery. It summed up that the CBDC "functions properly" under test settings.
Banks and Finance