November 15, 20240 Comments

South Korea Exchange Upbit Faces Probe Over KYC Violations, Here’s All

Upbit, the leading South Korean crypto exchange, is under investigation for KYC violations during its license renewal process. The Financial Intelligence Unit (FIU) discovered over 500,000 cases of improper customer verification. The violations have raised concerns about money laundering risks. The exchange’s ability to renew its license is now in jeopardy. Authorities are closely examining the full extent of the issue and its potential impact on the exchange future. Major

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November 15, 20240 Comments

Pepe Coin Price Prediction After PEPE Doubles In a Week

After hitting an all-time high of $0.00002331, Pepe Coin price has corrected 6.7% and is now trading at $0.00002115. PEPE price doubled in the last 7 days following a combination of events, including the Bitcoin rally and the recent listing of the meme coin on the Coinbase exchange. How high can the price of PEPE soar after breaking the previous all-time high? Pepe Coin Price on Fire: What’s Driving the

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November 15, 20240 Comments

Citigroup warns Trump’s policies may slow growth in emerging markets

(Reuters) – Citigroup analysts anticipate that emerging market stocks will underperform compared to global peers following Donald Trump’s recent victory in the U.S. presidential election, despite China’s recent policy initiatives and global economic growth. The brokerage said in a note on Thursday it expects Trump’s trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and

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November 15, 20240 Comments

Left-leaning leader’s coalition secures landslide victory

The left-leaning alliance of Sri Lanka’s new leader has secured a landslide victory in the country’s snap parliamentary elections. Official results show President Anura Kumara Dissanayake’s National People’s Power (NPP) coalition scored a two-thirds majority in parliament, with 159 seats. Dissanayake, who was elected in September, needed a clear majority to deliver his promise to combat corruption and restore stability after the island’s worst-ever economic crisis. The high cost of

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November 15, 20240 Comments

Adidas signs NIL deal with girls’ high school basketball Kaleena Smith

Adidas has signed Kaleena Smith as the bradn’s first NIL high school basketball player. Courtesy: Adidas Adidas has signed one of its youngest female athletes yet. The German sports apparel brand on Thursday announced the signing of Kaleena Smith as its first high school girl’s basketball partner under a name, image and likeness, or NIL, deal. Smith, a 16-year old sophomore in Ontario, California, is the highest-rated recruit in the

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November 15, 20240 Comments

It’s Starbucks Red Cup Day. Here’s what to know about the event.

Pumpkin spice menus return Pumpkin spice menus return 03:27 It is Red Cup Day at coffee giant Starbucks, an unofficial holiday for java fans who enjoy discounts and rewards.  Here’s how it works: Stop by a participating Starbucks store on Thursday and get a free, 16-ounce holiday-themed reusable red cup when you purchase one of the coffee chain’s special seasonal drinks.  Former Starbucks CEO calls for revamped customer experience 06:11

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November 15, 20240 Comments

Bitcoin ETFs See Third Highest Outflow Since Launch, the Other Two Times Was Just Before BTC Price Bottoming

Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two times the ETFs saw outflows of over $400 million was on Nov. 4 ($541.1 million), just prior to the U.S. election, and May 1 ($563.7 million). On Nov. 4, bitcoin bottomed around $67,000 before going on a tear all the way to over $93,000. While the May low coincide with

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November 15, 20240 Comments

Bears pounce on Asian currencies on Trump tariff concerns: Reuters poll By Reuters

By John Biju and Sameer Manekar (Reuters) – Investors sharply ramped up their short bets on Asian currencies and turned bearish on the Singapore dollar for the first time since early July on rising concerns that the U.S. President-elect Donald Trump’s policies would erode the attractiveness of risk-sensitive emerging market assets. Short bets emerged on the Singapore dollar for the first time in four months and were at their highest

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November 15, 20240 Comments

Prosper enters into long-term agreement with BITMAIN to provide Bitcoin miner hosting services By Chainwire

George Town, Cayman Islands, November 15th, 2024, Chainwire Prosper, a decentralized protocol bridging institutional-grade mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer. Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin

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