Topic

Economics News

A collection of 554 issues

FTX to Sell Acquired Digital Custody Company for $500,000 After $10 Million Purchase

In a strategic move, FTX has filed for the sale of its subsidiary, Digital Custody Inc (DCI). The exchange had acquired the firm back in August 2022 for a substantial sum of $10 million. Digital Custody, a custodial service, was intended to bolster FTX's offerings, particularly for FTX.

Mastering Financial Wellness: Key Principles for Success

In the realm of business and personal finance, there are fundamental principles that serve as guiding lights, leading individuals towards financial freedom and success. These principles, when understood and applied diligently, can transform one's relationship with money and pave the way for a prosperous future. Let's

Argentina Leads Global Inflation Rankings with 211% Surge in 2023

Inflationary pressures have soared to unprecedented levels globally, with Argentina emerging as the frontrunner in the latest rankings. According to recent data, Argentina has clinched the top spot with a staggering inflation rate of 211% in the year 2023. This surge has catapulted the nation to the forefront of economic

Record Growth in Trade Between Russia and Brazil: A Strategic Partnership Flourishes

In the aftermath of 2023, the trade turnover between Russia and Brazil surged to a remarkable $11 billion, setting a new record in monetary terms. This significant milestone was announced by the Latin American country's ambassador to Russia, Rodrigo de Lima Baena Soares, as reported by "PRAVMIR&

Nayib Bukele: A Resounding Victory for Bitcoin's Champion in El Salvador

In a historic election that has captivated not only El Salvador but the world, Nayib Bukele, a fervent advocate for Bitcoin, has clinched another presidential term with a staggering victory. The election results have not just reaffirmed Bukele's popularity among Salvadorans but have also underscored the country'

Victims of Hamas Attack Accuse Binance of Funding Terrorism in Groundbreaking Lawsuit

In an unprecedented legal move, victims of Hamas' actions have taken a bold step by filing lawsuits against Binance, Iran, and Syria, accusing them of financially supporting the terrorist organization. This groundbreaking case, highlighted by Bloomberg through court documents, involves a former Hamas hostage and several families who lost

Terraform Labs bankruptcy

In an intriguing development within the tumultuous world of cryptocurrency, Terraform Labs, under the leadership of CEO Chris Amani, has initiated a bold legal maneuver by filing for Chapter 11 bankruptcy. This move, according to Amani, is not merely a step towards financial restructuring but a strategic legal play aimed

Ape Terminal and MacnBTC Announce Resolution of Conflict

In a recent development, Ape Terminal issued a statement addressing the issues that arose during the sale of SatoshiVM, pointing to actions by a competing platform and an outsourcing firm as the root cause. According to sources involved in the IDO (Initial DEX Offering) of the project, representatives of the

"Harvest Fund's Innovative Move: A Bitcoin ETF Launch in Hong Kong"

In a significant development within the cryptocurrency market, China's prominent Harvest Fund Management (HFM) has submitted an application for the listing of a spot Bitcoin exchange-traded fund (ETF) in Hong Kong. This move signifies a major step forward in the integration of digital currencies into mainstream financial services

China's Influence on the Global Oil Market in 2024: A Comprehensive Analysis

In the ever-evolving landscape of global economics, the role of major players like China in the oil market is a subject of keen interest and analysis. As 2024 unfolds, the extent of China's influence on the global oil market has been a topic of significant discussion among experts.