Day: February 3, 2023

BTC Falls From Recent High, Ahead of US Non-Farm Payrolls – Market Updates Bitcoin News

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Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today’s U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal report, which is expected to come in at 185,000. Ethereum was also in the red, giving up a five month peak in the process. Bitcoin Bitcoin (BTC) fell lower on Friday, as market volatility rose ahead of the latest U.S. non-farm payrolls (NFP) report. Following a high of $24,091.54 on…

Xpeng Launches Flagship EV Models in Europe amid Overseas Push

Tesla’s Chinese rival Xpeng announced the launch of its P7 sedan and G9 SUV in Europe following bleak China sales last year. Chinese electric vehicle (EV) startup Xpeng has launched two flagship vehicles in Europe. This launch is part of a broader international push by the Guangdong-based company as it looks to increase its brand’s global visibility. On Friday, Xpeng launched its P7 sedan and its G9 sports utility vehicle (SUV) in Norway, Denmark, Sweden, and the Netherlands. The Chinese EV maker priced its P7 sedan below the EVs of US…

Silvergate Bank Under Probe by US DOJ Over Dealings with FTX

While the current subject of the probe into Silvergate Bank appears speculative at this time, there is a deep tie between the financial institution and FTX. The shares of American financial services giant Silvergate Capital Corp (NYSE: SI) have plunged by 13.16% to $18.21 in the Pre-Market after reports emerged that the firm’s banking unit is under probe by the United States Department of Justice (DoJ). As reported by Bloomberg, the US DoJ’s fraud unit is in charge of the investigations and the regulators seek to explore whether the firm…

S&P Dow Jones to Oust Adani from Sustainability Index Following Accusations of Financial Malpractice

The S&P Dow Jones is removing Adani from its index, further adding to the Indian conglomerate’s mounting woes.  Dow Jones has announced plans to remove embattled Indian multinational conglomerate Adani Enterprises from its sustainability index. According to the Dow Jones, Adani’s removal will take effect from Tuesday, February 7th. “Adani Enterprises will be removed from the Dow Jones Sustainability Indices following a Media & Stakeholder Analysis triggered by allegations of stock manipulation and accounting fraud,” reads the announcement. Although Adani is yet to issue a retort to the S&P Dow Jones development,…

South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores – Africa Bitcoin News

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Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases Just a few months after it began accepting bitcoin payments at selected outlets, the South African retailer, Pick n Pay (PNP) now reportedly accepts bitcoin at its more than 1,500 stores across the country. According to reports, PNP customers can now buy groceries,…

Australia introduces classification for crypto assets

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Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry.  On Feb. 3, the Australian Treasury released a consultation paper on “Token Mapping,” announcing it as a foundational step in the Government’s multi‑stage reform agenda to regulate the market. It seeks to inform “a fact‑based, consumer conscious and innovation-friendly” approach to policy development. The paper, based on the “functional” and technology-neutral method, proposes a number of basic…

UK Bank Nationwide Has Restricted Card Payments to Binance

While the website didn’t say when the policy was instigated, a tweet dating from 2021 indicates the decision was made that July. Earlier in the same month, shortly after the U.K.’s Financial Conduct Authority (FCA) warned that Binance was not allowed to conduct any regulated activity in the country, the lender said it was assessing its policies on crypto transactions. Source