Tag: Report

Biden strikes ‘tentative’ U.S. debt ceiling deal: Report

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The United States president Joe Biden and Republican Kevin McCarthy have reportedly reached a “tentative” agreement to raise the federal government’s $31.4 trillion debt ceiling. According to a May 28 Reuters report, which cited two sources familiar with the negiotations, Biden and McCarthy engaged in a 90-minute phone call on May 27, which resulted in reaching “a tentative deal” to raise the U.S. debt ceiling, in an effort to avoid a default. “The White House and negotiators for House Republicans have reached an agreement in principle to avert a debt…

Top metaverse property investments suffer massive losses: Report

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Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value. A study published by CoinGecko shows that popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during the period studied, from January 1, 2022, to May 24, 2023. Metaverse land prices comparison. Source: CoinGecko As shown above, the most expensive property at the time, Otherdeeds by Otherside, which once sold properties for 5 Ether (ETH), is…

Former Director of Listing of Crypto Exchange Coinone Acknowledges South Korea Bribery Charges: Report

“Mr Jeon,” Coinone’s former director of listing, was accused of receiving nearly 2 billion won ($1.51 million) in return for listing virtual assets such as “Furiever Coin,” which was listed exclusively on the exchange, and has since been linked to a kidnapping and murder investigation in the Gangnam district in Seoul. Jeon’s broker, known as “Mr Ko,” is accused of facilitating the listings. Source

Short-term bitcoin holders dumping coins at a loss, report reveals

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode, a blockchain analytics firm, has released a new on-chain report indicating short-term bitcoin holders are increasingly offloading their coins on exchanges at a loss, while long-term holders remain in profit.  In the ever-evolving world of cryptocurrency, understanding market dynamics and investor behavior is key to making informed decisions. Glassnode’s latest report, which delves into the profit/loss ratio of bitcoin deposit volume to exchanges, offers interesting insights into the current state of the market. The report…

Xiaomi Q1 2023 Report Reveals Leading Smartphone Market Took Hit on Poor Product Sales

For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.  Xiaomi Corporation recently posted its Q1 2023 earnings report, which saw its revenue plunge 18.9% amid a wane in global smartphone demand. On Wednesday, the Chinese consumer electronics designer and manufacturer reported first-quarter sales of 59.5 billion yuan ($8.61 billion). Xiaomi’s Q1 2023 sales figure was roughly in line with the 59.43 billion yuan analysts expected for the period. However, this figure paled compared to the 73.35-billion-yuan worth of sales…

First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report

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Japan to Implement FATF’s Crypto Anti-Money Laundering Law Known as ‘Travel Rule’ Next Month: Report

Japan’s crypto industry has been grappling with the travel rule since 2021 when Japan’s Financial Services Agency (FSA) requested virtual asset services providers to implement it. In April 2022, Japan’s Virtual Currency Exchange Association (JVCEA) introduced self-regulatory rules accordingly. In October last year, Japan’s government approved a cabinet decision to amend existing laws to curb money laundering using crypto, in line with FATF guidelines. Source