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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.
Inflation Data, Black Friday Sales: What to Know This Week
Investors will receive a slew of new economic data and company announcements during this holiday-shortened week. New inflation statistics will be extensively scrutinized, and preliminary data on Black Friday sales will provide merchants with an early indication of Christmas buying momentum.
Banks and Finance
Not All Cryptos Are Scarce Like Bitcoin
One of the most significant reasons why bitcoin continues to make national headlines is its scarcity. Bitcoin is regaining its reputation as "digital gold" as major advisers such as JPMorgan tout it as an inflation hedge as the US Treasury issues more fiat money.
Crypto
USDC Issuer Plans to Enter the Japanese Market
According to the company's plans to expand its commercial activities there, a potential location for Circle, the stablecoin issuer, is Asia. Many Asian countries, like Laos, Singapore, and the United Arab Emirates, see the digital asset market as a new business potential, despite China's ban on cryptocurrency exchanges.
Stocks
Euro’s Pain Makes For Dollar’s Weekly Gain
On Friday, the dollar appeared set to make a second week of significant gains versus the euro as traders gambled on interest rates increasing quicker and further on the North Atlantic's western side, while sterling and the kiwi firmed as well.
Forex Discover
Wall Street Close: S&P 500, Nasdaq Mark Record Closing, Dow Eases
Despite a mixed day result on Thursday, US equities markets saw a small uptick in trade mood. Strong US statistics and statements from Fed members, as well as a fall in US inflation expectations and Treasury rates, might be the explanation.
Stocks
14-Year-Old American Girl Earned $1 Million From NFTs
Non-fungible tokens continue to make people rich. Abigail is a 14-year-old schoolgirl and artist. The collection of NFT belugies created by Abigail was sold within 10 hours, while the schoolgirl has totally earned more than $1 million in Solana coins.
Crypto
Binance CEO Says It’s Time For Regulators to Establish Rules For Cryptocurrency Markets
Critics have compared the bitcoin market to the Wild West, and now a significant participant is calling for sheriffs to come to town. Binance, the world's largest cryptocurrency exchange, believes that it is past time for global authorities to set crypto market laws.
Crypto
Asia-Pacific Stocks Fall As Shares of Japan’s Automakers Slip
By Wednesday's close, Asian markets had fallen across the board, with data indicating Japan's export growth had fallen to an eight-month low. Markets in the United States, on the other hand, were buoyed by better-than-expected retail sales figures.
Banks and Finance
Amazon to Stop Accepting Visa Credit Cards
Beginning next year, Amazon will no longer accept payments made using Visa credit cards issued in the United Kingdom. Due to the exorbitant costs Visa charges for processing credit card transactions, the e-commerce behemoth has informed certain customers that starting Jan. 19, it would no longer accept Visa credit cards issued in the United Kingdom.
Companies Discover
IBM CEO Says Inflation Fears Could Trigger ‘Some Chaos’
Arvind Krishna, the CEO of IBM, told CNBC that he is "always concerned" about inflation and warned of potential disruption ahead. "With all of the liquidity and worries of inflation rising, it can produce some chaos," Krishna told CNBC on Monday when asked what keeps him awake at night.
Banks and Finance