
Bitcoin Leads Crypto Recovery with 1.55 Trillion Dollar Market Cap
A two-week rally spurred by US Treasury bond buybacks forced short sellers to liquidate 3.3 billion dollars in bearish positions.
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A two-week rally spurred by US Treasury bond buybacks forced short sellers to liquidate 3.3 billion dollars in bearish positions.

A new regulatory framework from the US Securities and Exchange Commission (SEC) is set to bring much-needed clarity to the digital asset space. This development is seen as a crucial step in formalising how crypto assets are classified and traded, potentially…

New regulatory proposals from the US Securities and Exchange Commission (SEC) have led to a modest uptick in the prices of Bitcoin and Ethereum. The suggested framework aims to clarify capital-raising for crypto firms and potentially reclassify mature digital…

Former President Donald Trump has called on US lawmakers to approve the Clarity Act, a proposed law designed to create a clear regulatory framework for the cryptocurrency industry and prevent ‘pump-and-dump’ schemes. The legislation aims to differentiate…

The Abu Dhabi Global Market (ADGM), the capital of the UAE’s thriving financial sector, recently hit 23 resident firms with fines totaling 610,000 dirhams (around 166,000 dollars). While the amounts may seem minor, the implications behind them are anything…

Chinese social media and gaming giant posted its slowest ever growth since going public in 2004. The company grew just 8 percent in the fourth quarter. This is reflecting regulatory scrutiny which has affected has hurt its gaming and advertising sales. China…

Cryptocurrency exchange Binance has responded to a warning by Singapore’s regulator by removing some of its offerings in the city-state. Binance will cease Singapore dollar trading pairs and payment options, according to a blog post over the weekend,…

The People’s Bank of China will introduce new standards in 17 areas, including blockchain, cloud services and artificial intelligence. China has plans to step up regulation in 17 areas of fintech to «guide the application of new technologies» applied across…

E-commerce sites or apps available for download in India must have a registered business entity in the country, according to latest draft e-commerce policy, which also proposes regulation of cross-border flow of data collected by sector players in India.…

Prosecutors in Ho Chi Minh City have appealed a verdict ordering Grab to pay compensation to domestic taxi firm Vinasun. They want the appeal court to quash the order requiring the Singapore ride-hailing firm to pay VND4.8 billion ($206,000) in compensation…

Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian…

Leading Indian e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1. “Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that…

Several global business leaders have raised concerns over the evolving regulatory challenges concerning the e-commerce sector in India and said they want a stable policy regime to help this space achieve its robust growth and investment potential. According…

There is trouble in paradise. The Government’s drastic intervention in e-commerce at the behest of vested domestic interests and the powerful traders lobby has created consternation in the bulge bracket world of e-commerce in India. With the big players…

BMW on Wednesday announced another recall of an additional 99,000 vehicles, with 20,000 of them recalled immediately on concerns of engine fires. The remaining 79,000 will be recalled if replacement parts are found to be faulty. The Ministry of Land,…

The American subsidiary of Korean tech giant Samsung Electronics spent $3.12 million on lobbying U.S. politicians and officials last year, the second-largest amount following 2017, data from a Washington-based research group showed Monday. Samsung…
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