Day: June 13, 2023

Fortune Ranks Ripple as One of Best Places to Work in Bay Area

After the analysis of thousands of feedback from employees across various workplaces in the Bay Area, Ripple was named among the top 10 in the Fortune Magazine ranking of the best workplaces in 2023. The Great Place to Work ranking is based on employees’ experiences and general feedback about their workplaces. The data is usually gathered to see how companies can improve based on the information derived about specific needs. In conducting the analysis, they use a Trust Index survey to get qualitative and quantitative information about what is expected…

SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors at the Massachusetts Institute of Technology, where he worked as a professor before joining the SEC in 2021 after…

Bitcoin Price (BTC) Rises After U.S. CPI Inflation Slowed to 0.1%

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This latest news on inflation comes one day ahead of the results of the U.S. Federal Reserve’s monetary policy meeting. Prior to this morning’s numbers, market participants had priced in about a 76% chance the Fed will end up pausing what’s become an historic string of rate hikes dating back to March 2022. In the few minutes after the news hit, the chance of a pause has risen to 79%. Original

Manchester United (MANU) Shares Price Surges as Qatar Media Hints Takeover Plans

MANU stock price surged by a staggering 30% as the news emerged of Sheikh Jassim being the preferred bidder of the Premier League soccer club. On Tuesday, June 13, the shares price of Manchester United (NYSE: MANU) popped up by a massive 30% in the pre-market hours on the New York Stock Exchange. The recent surge happened after Qatari media suggested Sheikh Jassim bin Hamad al-Thani is likely to succeed with his takeover bid. On Tuesday, Qatar’s local news publication Al-Watan reported that Sheikh Jassim will soon emerge as the…

Taiwan Mobile Open to Potential Alliance with Local Crypto Firms

Taiwan Mobile’s decision demonstrates the growing interest of conventional sectors in capitalizing on the possibilities of cryptocurrencies and blockchain technology. Taiwan Mobile Co Ltd (TPE: 3045), one of Taiwan’s prominent telecommunications companies, has expressed its openness to potential alliance opportunities with Taiwanese firms specializing in crypto. As reported by Bloomberg, the company is reportedly engaging in discussions with various Taiwanese firms that specialize in digital currencies. This includes the fintech blockchain company XREX.  According to sources familiar with the matter, the talks aim to assess potential alliance opportunities and explore…

Toyota Shares React Positively to News of Next-Gen Batteries for Electric Vehicles

Shares of Toyota rose after the company announced next-generation batteries for its electric vehicles and other company plans. Toyota Motor Corp (TYO: 7203) shares rose more than 5% on the Tokyo stock exchange on Tuesday following the company’s EV announcement. Toyota has confirmed that in 2026 it will launch a range of electric vehicles equipped with next-generation batteries. As of press time, the company’s stock is at ￥2,174 after adding ￥105 from its previous close of ￥2,069. The stock has climbed over 6% in the last 5 days, 13% in…

Hong Kong and the US aim for stablecoin regulations by 2024

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The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024. Joseph Chan Ho-Lim, deputy director of the Hong Kong Financial Services and Treasury Bureau, said that over the past five years, Hong Kong has emerged as a growing destination for fintech firms. Chan added that the Hong Kong authorities are actively working to promote the Web 3 ecosystem with a focus on investor protection. Hong Kong started its stablecoin regulations…

Hinman Documents Will Be Worth Wait, Says Ripple CEO Brad Garlinghouse

The release of the Hinman documents comes amid rising legal pressure on Binance and Coinbase. With only a day until the highly anticipated release of the Hinman documents, Ripple Labs Inc CEO Brad Garlinghouse has sparked even more interest by claiming that the contents will be “well worth the wait”. The CEO’s statement is in response to a question raised by popular crypto YouTuber Jungle Inc on Twitter, about his thoughts ahead of the release of the “Hinman documents”. The Hinman documents, named after William Hinman, the former Director of…