Month: November 2023

Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024. According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from
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If artificial intelligence is the future, then Sam Altman was the man delivering it. The CEO of OpenAI, which created ChatGPT, was unceremoniously given his pink slip today. The company released a statement that said: Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in
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In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images U.S.-listed shares of Chinese e-commerce giant Alibaba slid on Thursday after it announced that it would not proceed with
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Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy, yet suggesting gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso (MXN) rallies
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Japanese Yen surged sharply in European session, bolstered by significant dips in Germany’s 10-year government bond yield, which reached its lowest level since early September. Concurrently, US 10-year yield also briefly fell below 4.4% mark. This movement in the bond markets reflects an aggressive stance by traders betting on rate cuts by major central banks
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Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. The hedge fund titan warned during a CNBC appearance that the need to borrow more and more to cover deficits will exacerbate the political and social problems the country is facing. “Economically strong
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XRP (XRP) price is down today, mirroring trends elsewhere in the cryptocurrencymarket as traders await the Federal Reserve rate decision in the week. XRP price drops amid rising dollar strength On July 24, XRP price dropped 8% to $0.68, underperforming the crypto market’s 3.5% decline on the same day. The XRP/USD pair declined amid growing
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