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Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010. Emmanuel Dunand | AFP | Getty Images Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s
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Bitwise has submitted a filing for a spot Ethereum ETF with the Securities and Exchange Commission (SEC) amid growing uncertainty surrounding the approval timeline for such financial products. Earlier this month, Bitwise’s CIO, Matt Hougan, suggested that the approval for spot ether ETFs would be better deferred beyond May. Despite ongoing speculation, Bitwise has proceeded
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Bitcoin (BTC) and the wider cryptocurrency market are witnessing a downturn in early trading on Wednesday following a legal victory for the Securities and Exchange Commission (SEC) over Coinbase and its staking program. Coinbase attempted to have charges regarding its staking service dismissed, yet the presiding Judge declined their motion. The Judge asserted that the
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The Technology Working Group of the UK Treasury, the economic and finance ministry of the government, has recently released a comprehensive report delving into the potential use cases of fund tokenization. The report primarily investigates the utilization of tokens as collateral for money market funds and examines the role of tokenized funds within the on-chain
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According to CoinShares, crypto investment products faced unprecedented outflows last week, with a staggering $942 million exiting funds globally. This marks a significant shift from the seven-week streak of inflows totaling $12.3 billion. Various asset managers, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, witnessed record outflows totaling $942 million globally. This surpasses the previous
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Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China.  China News Service | China News Service | Getty Images China has two choices right now: return to its old economic policies, or choose reforms to spur
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In this article GNC-GB Follow your favorite stocksCREATE FREE ACCOUNT The Greencore logo is seen on the outside of its factory building in Bristol, England. Matt Cardy | Getty Images Company: Greencore Group (GNC-GB) Business: Greencore Group is an Ireland-based manufacturer of convenience foods. Its segments include Convenience Foods UK and Ireland. Greencore supplies a
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The cryptocurrency market concluded the week with a downward trend, witnessing Bitcoin (BTC) slipping below $64,000 again, while altcoins also recorded losses amidst profit-taking activities by traders preparing for the next significant uptrend. Similarly, stocks faced pressure after a Thursday rally pushed all three major indexes to new record highs, driven by expectations of lower
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The momentum of Bitcoin Exchange-Traded Funds (ETFs) experienced a decline as BlackRock’s inflows dropped significantly. On March 20, BlackRock’s inflows amounted to $49.28 million, while Grayscale’s ETF witnessed higher outflows at $386 million. For the second consecutive day, spot Bitcoin ETFs recorded negative flows. According to data from the financial research platform ‘SosoValue,’ Grayscale’s ETF
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Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
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VICTORIA, Seychelles, March 20, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, has been acclaimed by Forbes Advisor as one of “The Best Crypto Apps & Exchanges of March 2024“, a continued honor after being recognized by Forbes as one of the Best Crypto Exchanges in 2023. Forbes Advisor meticulously evaluated key variables encompassing
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Republican presidential candidate and former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on Feb. 20, 2024. Justin Sullivan | Getty Images Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former
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The meteoric rise of Bitcoin (BTCUSD) alongside the continued dominance of artificial intelligence (AI) stocks has been a notable narrative on Wall Street throughout 2024. Despite recent volatility, BTC has recently reached new highs surpassing $70,000, driven by the introduction of spot Bitcoin ETFs and optimism surrounding the upcoming “halving” event. While the introduction of
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Chris Wattie | Reuters Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease
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HONG KONG, March 15, 2024 /PRNewswire/ — At the beginning of 2024, the SEC officially approved 11 Bitcoin spot ETF applications, marking a significant step towards the legalization and mainstream acceptance of the cryptocurrency industry. This event brought unprecedented vitality to the entire Web3 ecosystem, with Bitcoin breaking through the $70,000 mark to reach a new
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