Description As the global power dynamics shift, Joe Biden seems increasingly uneasy about China’s growing economic clout. Delving deep into the geopolitical landscape, it’s clear that Biden is looking for a robust counter-strategy to China’s economic might. China’s influence isn’t just a mirage; it’s a tangible, expanding reality that the U.S. can no longer ignore. The … Read more As the global power dynamics shift, Joe Biden seems increasingly uneasy about China’s growing economic clout. Delving deep into the geopolitical landscape, it’s clear that Biden is looking for a robust counter-strategy to China’s economic might. China’s influence isn’t just a mirage; it’s a tangible, expanding reality that the U.S. can no longer ignore. The Chessboard of Global Finance Ditching the confines of the Oval Office, Biden is aggressively vying for international backing to bolster the World Bank’s financial might. Why, you ask? Simple. There’s a looming pressure to bankroll the climate change battle and pose as a formidable opponent to China’s burgeoning economic outreach. The G20 leaders’ summit in New Delhi isn’t just another diplomatic rendezvous. For Biden, it’s a…

TL;DR Breakdown In 2009, the G20 was seen as a hope for global cooperation, but its current relevance is under scrutiny. Geopolitical tensions, especially the Russia-Ukraine conflict and China’s evolving role, challenge the G20’s unity. Description When we flashback to 2009, the G20 emerged as a beacon of hope, channeling collective efforts to navigate the turbulent waters of a global financial crisis. Fast forward to the present, and one can’t help but question its relevance. With growing geopolitical tensions, a pandemic that refuses to bow out, and the looming shadow of … Read more When we flashback to 2009, the G20 emerged as a beacon of hope, channeling collective efforts to navigate the turbulent waters of a global financial crisis. Fast forward to the present, and one can’t help but question its relevance. With growing geopolitical tensions, a pandemic that refuses to bow out, and the looming shadow of climate change, the G20’s role is now more under scrutiny than ever. The Promise and the Pitfalls A decade ago, the G20 was celebrated as the successor to the western-centric G8,…

TL;DR Breakdown Ripple acquires Nevada’s Fortress Trust, expanding its U.S. licensed companies. The firm’s ongoing legal battle with the U.S. SEC continues, despite recent acquisition moves. Thodex’s former CEO, Faruk Fatih Özer, receives an 11,196-year prison sentence for fraud and money laundering. Description Today, in the ever-evolving landscape of cryptocurrency, there were developments that rocked the foundations of the industry and drew the critical eyes of observers worldwide. Ripple’s Expansion Amidst Legal Tensions Ripple, an enterprise blockchain behemoth, boldly stepped up its game by snatching up Fortress Trust, a chartered trust company nestled in Nevada. This isn’t Ripple‘s … Read more Today, in the ever-evolving landscape of cryptocurrency, there were developments that rocked the foundations of the industry and drew the critical eyes of observers worldwide. Ripple’s Expansion Amidst Legal Tensions Ripple, an enterprise blockchain behemoth, boldly stepped up its game by snatching up Fortress Trust, a chartered trust company nestled in Nevada. This isn’t Ripple‘s first dance with Fortress. Just last year, Ripple dabbled in Fortress Trust’s seed round, hinting at a budding relationship. This move further cements Ripple’s…

TL;DR Breakdown The Chilean Peso (CLP) has depreciated by over 5% against the US dollar (USD), leading the USD/CLP pair to its highest level in ten months. Chile’s inflation has hit a two-year low, with an annualized rate of 5.3%. Latin American currencies are facing a tough week, driven by a strong US dollar and concerns about economic growth in China, a major consumer of commodities. Description The Chilean Peso (CLP) is facing continued market depreciation, with a substantial drop of over 5% against the US dollar (USD). That has propelled the USD/CLP pair to reach its highest level in ten months, approaching approximately 896.0000.  The CLP has experienced a decline for three consecutive months against the US dollar. This trend is … Read more The Chilean Peso (CLP) is facing continued market depreciation, with a substantial drop of over 5% against the US dollar (USD). That has propelled the USD/CLP pair to reach its highest level in ten months, approaching approximately 896.0000.  The CLP has experienced a decline for three consecutive months against the US dollar. This trend is…

TL;DR Breakdown U.S. Representative Tom Emmer sponsored an appropriations amendment aimed at limiting the SEC’s use of funds for digital asset enforcement, citing concerns over SEC Chair Gary Gensler’s approach to cryptocurrency regulation. Senator Bill Hagerty, a member of the Senate Banking Committee, also called for more hearings on the SEC’s treatment of digital assets, indicating bipartisan concern over the regulatory body’s current approach. Notable figures in the blockchain industry have expressed support for Emmer’s proposed legislation, which seeks to establish clearer regulations for digital assets and potentially remove Gensler from his SEC Chair position. Description United States Representative Tom Emmer, Majority Whip of the U.S. House of Representatives, sponsored an appropriations amendment on September 8 aimed at restricting the Securities and Exchange Commission’s (SEC) use of funds for digital asset enforcement. The move comes amid growing concerns over the SEC’s extensive legal expenditures in disputes with various cryptocurrency entities. In … Read more United States Representative Tom Emmer, Majority Whip of the U.S. House of Representatives, sponsored an appropriations amendment on September 8 aimed at restricting the Securities and…

TL;DR Breakdown The Malaysian ringgit is expected to remain stable against the US dollar, fluctuating between 4.66 to 4.68. Chief economist Mohd Afzanizam Abdul Rashid anticipates continued weakness in the ringgit, influenced by the expected restrictive monetary policy of the US Federal Reserve. MIDF Research predicts a recovery for the ringgit, projecting it to appreciate 4.24 against the US dollar by the end of 2023. Description The Malaysian ringgit is anticipated to remain stable against the US dollar, hovering between 4.66 to 4.68. According to Mohd Afzanizam Abdul Rashid, the chief economist and head of social finance at Bank Muamalat Malaysia Bhd, the ringgit is expected to stay on its current path, indicating a continued weakness. This projection is influenced by … Read more The Malaysian ringgit is anticipated to remain stable against the US dollar, hovering between 4.66 to 4.68. According to Mohd Afzanizam Abdul Rashid, the chief economist and head of social finance at Bank Muamalat Malaysia Bhd, the ringgit is expected to stay on its current path, indicating a continued weakness. This projection is influenced by the…

TL;DR Breakdown Nasdaq unveils the Dynamic M-ELO, the first AI-powered order type, enhancing trade efficiency and execution quality with SEC’s endorsement. Beyond order types, Nasdaq’s AI ventures, like the Strike Price Optimization Program, highlight a broader trend of technology-driven transformations in the financial sector. Description In a significant move towards modernizing the stock exchange landscape, Nasdaq has unveiled its latest innovation: the Dynamic Midpoint Extended Life Order (M-ELO). This revolutionary order type, powered by Artificial Intelligence (AI), has received the stamp of approval from the Securities and Exchange Commission (SEC). This development underscores Nasdaq’s dedication to leveraging cutting-edge technologies to … Read more In a significant move towards modernizing the stock exchange landscape, Nasdaq has unveiled its latest innovation: the Dynamic Midpoint Extended Life Order (M-ELO). This revolutionary order type, powered by Artificial Intelligence (AI), has received the stamp of approval from the Securities and Exchange Commission (SEC). This development underscores Nasdaq’s dedication to leveraging cutting-edge technologies to enhance the efficiency and performance of its exchange. Contents hide 1 The advent of dynamic M-ELO: A game-changer in stock exchange 2…

TL;DR Breakdown Jacob Orvidas deceived investors with a Bitcoin commodity pool scheme, promising high returns but using fake spreadsheets and losing almost all funds. The CFTC and SEC collaborated on the case, resulting in Orvidas paying $2.5 million in settlements and facing a 10-year trading ban. Description In a recent development, Jacob Orvidas, a 28-year-old man from Utah, has agreed to a settlement with the Commodity Futures Trading Commission (CFTC) over allegations of a deceptive bitcoin commodity pool scheme. The case has garnered significant attention and sheds light on the potential pitfalls and fraudulent activities in the rapidly evolving cryptocurrency market. Contents … Read more In a recent development, Jacob Orvidas, a 28-year-old man from Utah, has agreed to a settlement with the Commodity Futures Trading Commission (CFTC) over allegations of a deceptive bitcoin commodity pool scheme. The case has garnered significant attention and sheds light on the potential pitfalls and fraudulent activities in the rapidly evolving cryptocurrency market. Contents hide 1 Orvidas’s deceptive Bitcoin commodity pool scheme 2 The settlement and its implications 3 A warning for potential investors…

Description As President Joe Biden aims his attention on bolstering the U.S. economy and battling inflation in his pursuit of re-election, he finds himself facing an emerging, problematic situation: a Saudi-imposed oil price surge. With Saudi Arabia and Russia joining forces to push oil prices closer to the alarming $100 mark, Biden’s economic strategies are in … Read more As President Joe Biden aims his attention on bolstering the U.S. economy and battling inflation in his pursuit of re-election, he finds himself facing an emerging, problematic situation: a Saudi-imposed oil price surge. With Saudi Arabia and Russia joining forces to push oil prices closer to the alarming $100 mark, Biden’s economic strategies are in jeopardy. Navigating Troubling Oil Waters This recent development sees Brent crude, an oil benchmark, surpassing the $90 a barrel mark for the first time in 2023. This surge is mainly attributed to Riyadh and Moscow’s strategic choice to maintain their supply cuts until the end of the year. It’s an audacious move, especially considering the 25% rise in oil prices since June, driven by unparalleled global…

TL;DR Breakdown Shaq Oneal faces a class-action lawsuit for a security laws violation in his Solana NFT project ‘Astrals. Astral is a community-driven project on the Solana blockchain comprised of 10,000 unique 3D avatars with 16 races, all with unique features. Shaq Oneal joins other influencers, such as Soulja Boy and Akon, who have been sued for promoting cryptocurrencies. Description Basketball star Shaq Oneal faces a class-action lawsuit for a security laws violation in his Solana NFT project ‘Astrals.’Shaq Oneal allegedly abandoned the project after the FTX collapse, which led to a plummet in the value of the project. The project in question was closely tied to his celebrity status, which is part of the … Read more Basketball star Shaq Oneal faces a class-action lawsuit for a security laws violation in his Solana NFT project ‘Astrals.’Shaq Oneal allegedly abandoned the project after the FTX collapse, which led to a plummet in the value of the project. The project in question was closely tied to his celebrity status, which is part of the claims in the amended complaint filed on…