Topic

Economics News

A collection of 554 issues

U.S. DOJ threatens cryptocurrency exchanges with "tough measures"

Eun-Yong Choi, head of the U.S. Justice Department's National Cryptocurrency Enforcement Team (NCET), has declared "war" on centralized exchanges. She is threatening "harsh measures" to those platforms that violate AML rules and fail to adhere to strict KYC requirements. Yong Choi claims that

Yuan bond yields rose to six percent per annum

The yield on bank deposits and debt securities in the past six months rose from 1 to 3 percent on deposits and up to 4-6 percent per annum for bonds. This is evidenced by the data of the Central Bank of Russia, reports the Kommersant. The regulator noted an increasing

Working and easy way to withdraw cryptocurrencies to the card through Trustee Plus

The first Trustee Plus CryptoBank offers withdrawal function to bank cards for UAH, EUR and KZT, which makes it a useful tool when withdrawal from exchanges is blocked. Now cryptos have a convenient bridge between crypto and fiat currency with a clear interface and from a reliable provider. In this

Jump Trading and Jane Street are winding down their operations in the U.S.

Two large market makers Jump Trading and Jane Street, are winding down their work in the U.S. market.

Bittrex filed for bankruptcy

Cryptocurrency exchange Bittrex has filed for Chapter 11 bankruptcy. According to court documents, the company has about 100,000 creditors with total liabilities ranging from $500 million to $1 billion. The bankruptcy filing has nothing to do with Bittrex Global, which operates outside the United States.

World central banks bought up record amounts of gold at the end of the first quarter

World central banks have bought a record 228 tons of gold in the first quarter of 2023. It is reported in the report of the World Gold Council (WGC). Central banks have increased gold reserves by 228 tons in the first three months of 2023, which was the record for

New World Bank president named

The post of president of the World Bank following the resignation of David Malpass will be taken by the former head of Mastercard, Ajay Banga. The organisation's management on Wednesday, May 3, elected Ajay Banga for a five-year term. The former head of Mastercard as the 14th president

Gemini launches futures exchange

Gemini has announced the launch of Gemini Foundation, a crypto derivatives exchange. The platform is not available to customers in the United States, the United Kingdom and the European Union. Users of the exchange will be able to trade an open-ended BTC contract with up to 100x leverage.

Block has unveiled a prototype nanochip for BTC mining

Block, owned by Jack Dorsey, has successfully completed the development of a prototype nanochip for bitcoin mining. After working on the prototypes Block will start experimenting with design variants and will conduct live tests of the devices among the first users.

Britain says the yuan is gaining strength

Yuan is gaining strength on the world market although the dollar is still a sought-after currency. This is reported by the British edition of The Economist. "From time to time there is a demand for an alternative reserve currency, and the market is overwhelmed by predictions of the imminent