SEC delays decision on Cathie Wood’s ARK Invest Bitcoin ETF – Here’s why

Related articles

• China’s cyberattacks pose major threat to the U.S.

  TL;DR Breakdown Chinese cyberattacks pose a significant threat to U.S. security. A U.S. cybersecurity official warns of the potential for disruptive cyber operations targeting critical infrastructure. The Chinese government’s cyber-offensive capacities are linked to hacking groups targeting pipelines and railways. American companies face ongoing cyber espionage and intellectual property theft from China. As the global digital landscape becomes increasingly complex, one nation’s digital capabilities have emerged as a potent force that could profoundly shape the future of international relations. This nation is China. Their advanced cyber capabilities, particularly in espionage and sabotage, now constitute an era-defining threat, according to leading American cybersecurity experts. The crux of this growing concern is the profound risk of cyber attacks on critical U.S. infrastructure, potentially instigating widespread societal unrest in a time of open conflict. Disruptive threats amplifying the cybersecurity challenge Cybersecurity and Infrastructure Security Agency (CISA) Director Jen Easterly candidly articulated these fears at a recent appearance at the Aspen Institute in Washington, D.C. The conversation focused on the reported infiltration of U.S. military and private sector networks by Chinese hackers, a group…

  Article 2023年6月16日

• Hotbit announces plans to halt its operations

  TL;DR Breakdown Hotbit crypto exchange has announced plans to permanently suspend its operations citing some concerns. Crypto analysts drum up the need for adaptation in the crypto market. Hotbit, a cryptocurrency exchange, has recently announced that it will cease all operations starting May 22. The exchange attributed its decision to a series of factors that have negatively impacted its operating conditions. Hotbit will begin the process on May 22 One significant event was an investigation involving a former team member in August 2022, which forced the exchange to halt its business for several weeks. Hotbit also pointed to various incidents within the broader crypto space as contributing to its decline. The collapse of the FTX exchange and the subsequent banking crises, which led to the de-pegging incident of USD Coin (USDC), resulted in a continuous outflow of funds from centralized exchanges, including Hotbit. These events adversely affected the exchange’s cash flow. Moreover, Hotbit expressed its belief that centralized exchanges are becoming increasingly burdensome and are unlikely to align with long-term trends. In response, the exchange stated that two options are…

  Article 2023年5月23日

• Africa urged to ditch US dollar and pursue currency independence

  TL;DR Breakdown Kenya’s President advocates for a Pan-African payments system, PAPSS, to reduce reliance on the US dollar. The PAPSS simplifies trade payments, reducing costs and intermediary institutions. Current dependence on the dollar causes issues, like inflated values and strained relationships. Africa finds itself at the crossroads of economic innovation and traditional practices, faced with the compelling need to reevaluate its dependence on the US dollar. Kenya’s President, William Ruto, steps into the spotlight with an ambitious proposal aimed at redefining how the continent conducts its trade – a proposal that places Africa’s economic future firmly in its own hands. Ruto Proposes Pan-African Payments and Settlement System Ruto’s vision centers around the Pan-African Payments and Settlement System (PAPSS), a financial initiative birthed in January 2022 by the African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat. With a strong endorsement from the African Union and central banks, this system represents an innovative approach to facilitating trade within the continent. At a forum on AfCFTA in Nairobi, Ruto extended a clarion call to fellow African leaders, appealing…

  Article 2023年6月5日

• UK inflation rate down to 6.8% in July following reduced living pressure

  TL;DR Breakdown The annual inflation rate in the UK saw a significant drop to 6.8% in July. Despite the cost-of-living crisis in the UK showing signs of improvement, households are still facing significant pressures. Description In July, the annual inflation rate in the UK saw a significant drop to 6.8%, though the core consumer price index showed no change. The situation could pose challenges for the Bank of England. The recorded headline CPI value aligns with the predictions made by economists surveyed. That follows the previous month of June when … Read more In July, the annual inflation rate in the UK saw a significant drop to 6.8%, though the core consumer price index showed no change. The situation could pose challenges for the Bank of England. The recorded headline CPI value aligns with the predictions made by economists surveyed. That follows the previous month of June when inflation was unexpectedly lower at 7.9%. From a monthly perspective, the headline CPI experienced a 0.4% decrease, slightly better than the projected -0.5% decline. UK inflation still high According to the Office…

  Article 2023年8月16日

• Argentina’s central bank in crisis mode with yuan and USD

  TL;DR Breakdown Argentina’s Central Bank is in a financial crisis, rapidly selling its Chinese yuan reserves to purchase USD, resulting in significant losses. This strategy has facilitated part of an IMF payment, but half of the available yuan has already been spent. Net reserves of Argentina’s Central Bank are at historic lows, decreasing by $18 billion in 2023. Description Argentina’s financial system stands precariously balanced on a tightrope as the country’s Central Bank resorts to desperate measures in an attempt to stabilize a tumultuous economic climate. Grappling with a weakening USD and a hefty yuan loan, the bank now finds itself embroiled in a complex financial crisis that has sent ripples across Argentina’s economic … Read more Argentina’s financial system stands precariously balanced on a tightrope as the country’s Central Bank resorts to desperate measures in an attempt to stabilize a tumultuous economic climate. Grappling with a weakening USD and a hefty yuan loan, the bank now finds itself embroiled in a complex financial crisis that has sent ripples across Argentina’s economic landscape. The lifeline of Chinese yuan As the…

  Article 2023年7月14日