PARIS (Reuters) – Cryptocurrency exchange Binance's Chief Executive Officer, Changpeng Zhao, said on Thursday that volumes on the exchange so far in 2022 were similar to the $34 trillion it had in 2021.
"So far this year, we are about the same," he told the VivaTech conference in Paris, adding Binance traded around $120 billion on June 15.
Binance France is seeking a formal licence from the French markets regulator to open a regional headquarters in France.
"The wine is great, food is great …. Paris is my base," added Zhao at the conference.
(Reporting by Sudip Kar-Gupta; Editing by Mark Potter)
Notarize, a startup that offers remote online notarization services, has let go of 110 people — or 25% of its workforce. Doing the math, the 7-year-old, Boston-based company had about 440 employees before the staff reduction. Being able to get documents notarized "online, anywhere, anytime, with notaries available 24×7 by computer, tablet, or smartphone" was appealing to many.
Hong, Kong, Hong Kong–(Newsfile Corp. – June 15, 2022) – WhiteBIT, the largest European cryptocurrency exchange, has launched cryptocurrency futures trading. Registered users have the opportunity to conclude futures contracts for bitcoin. Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8497/127251_3b15ef61f42e581d_001full.jpgFutures contracts guarantee that the buyer will purchase the specified amount of assets at a specific time and at a
U.S. Magistrate Judge H. Kenneth Schroeder, Jr. will hold an initial appearance hearing for accused shooter Payton Gendron, 18, in a federal courtroom in Buffalo at 10:30 a.m. EST time, online court records showed. On Wednesday, the U.S. Justice Department filed federal hate crime and firearms charges against Gendron, saying he was driven to carry out the May 14 massacre by a desire to "prevent Black people from replacing white people." Gendron could face the death penalty if found guilty.
For one of the biggest crypto players, the chaos is a golden moment: the chance to go on a buying spree, with the potential to snap up talent and companies at depressed prices.
Buffett's business partner worried about Berkshire Hathaway's lack of stock purchases during the pandemic, value investor Mohnish Pabrai disclosed.
"We've already seen around the edges some blowups in parts of the crypto world, and that could be foreshadowing some problems," Jeff Gundlach said.
The biggest news of the week is coming from the Federal Reserve. The central bank’s open market committee (FOMC), tasked with setting interest rates to match the current environment, closed its meeting with the announcement of a 75-basis point increase in the benchmark interest rate. The hike, which was the Fed’s largest single move since 1994, brings the rate to the range of 1.5% to 1.75%, and shows that the central bank is committed to fighting inflation. What will happen now is anyone’s guess
According to billionaire investor Mark Cuban, companies sustained by “cheap money” without “valid business prospects” will disappear during this crypto market downturn. The real game-changing innovation will show through, he says.
‘I sit here day after day, doing the same old drudgery, and I want to have some hope that I may have an exit strategy.’
Veteran investor and bitcoin bull Michael Novogratz doesn't have a rosy outlook on the economy, as the Fed delivered an unusually aggressive rate increase.
Four days after Celsius Network halted customer access to crypto assets, a second yield firm capped withdrawals and a crypto hedge fund failed to repay some creditors.
This old-school budgeting hack is helping young people survive rapidly rising prices.
One of the most popular and enduring government programs in U.S. history, Social Security has funded the lives of senior citizens for more than 80 years. As a result, today the senior poverty rate clocks in at a mere 9%. … Continue reading → The post Your Taxes Could Skyrocket Under This New Social Security Bill appeared first on SmartAsset Blog.
1. ‘I use the same investments within most client portfolios.’ “They might just change the allocation to each investment depending on different client situations, goals, risk tolerance and time horizon,” says Tiffany Lam-Balfour, investing spokesperson at NerdWallet.
An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
When Elon Musk, the CEO of Tesla , speaks about the environment and the problems facing the automobile sector, industry actors listen. For many years, the billionaire worked hard to convince his peers, authorities and consumers that electric vehicles were the future. The tech tycoon has twice recounted these difficulties this year, in March to defend competitor Rivian and in April during a Ted Talk.
Stressed-out U.S. consumers are cutting back on spending in a big way. In fact, the problem is likely worse than many believe.
With the “breakdown,” we should re-assess and adjust the Elliott Wave Principle (EWP)-based target zone.
When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street and investors wisely pay close attention. While riding Buffett's coattails has been a moneymaking strategy for decades, it's equally important to take note of the stocks that the world's most successful investor and his investing team are selling or avoiding. Thus far in 2022, Warren Buffett has overseen the aggressive selling of the following five stocks.
Image source: Getty Images These days, living costs are through the roof. But this isn't the first time U.S. consumers have had to grapple with rampant inflation. Back in the 1980s, the cost of goods skyrocketed to the point where many people couldn't keep up.
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