{
}
Upbit's listing of MOCA Network has triggered a staggering 7,500% surge in trading volume, reaching $1.32 billion, and a 160% price rally, peaking at $0.426. A whale moved 9.5 million MOCA tokens to Bybit, potentially netting a $2.55 million profit. Additionally, Animoca Brands secured $10 million in funding for Mocaverse, aiming to enhance its Web3 infrastructure and digital property rights, with over 1.79 million Moca IDs registered and partnerships with major platforms underway.
BYDFi has officially joined South Korea’s CODE VASP Alliance, enhancing its compliance with local regulations, including the 'Travel Rule' for crypto transactions. This partnership, which integrates VerifyVASP's compliance services, underscores BYDFi's commitment to safety and transparency in the crypto market. Co-founder Michael Hung highlighted that this milestone significantly advances their global compliance strategy and user security.
BYDFi has officially joined South Korea’s CODE VASP Alliance, enhancing its compliance with local regulations and integrating a Travel Rule compliance solution. This partnership, aimed at meeting stringent AML and CFT standards, marks a significant step in BYDFi's commitment to providing a secure and transparent trading environment. Co-founder Michael highlighted the importance of this collaboration in strengthening user security and advancing the platform's global compliance strategy.
Most Asian stocks declined ahead of the U.S. Federal Reserve's interest rate decision, with Chinese shares falling due to disappointing retail sales data, raising concerns about the economy's recovery. Japan's market remained stable as the Bank of Japan is expected to maintain current rates, while South Korea's index showed little change following the president's impeachment. Overall, investor sentiment was cautious globally as markets awaited clarity from the Fed amidst persistent inflation concerns.
European stock futures are poised to open lower following a decline in Chinese equities, driven by disappointing retail sales data that fell short of expectations. Concerns are heightened by Moody’s credit downgrade of France and a looming vote of confidence for German Chancellor Olaf Scholz, which could lead to snap elections amid economic challenges.In Asia, stocks also fell, with China's retail sales increasing by only 3% year-on-year, below the anticipated 5%. This has raised doubts about the effectiveness of stimulus measures, while Korean stocks faced volatility following the impeachment of President Yoon Suk Yeol.
Asia begins the final trading week of 2024 with a focus on the monthly 'China data dump' and central bank decisions, including a likely rate cut from the Federal Reserve. Investors remain optimistic amid easing monetary policies, while the Bank of Japan may consider a rate hike following positive business surveys. Key Chinese economic indicators, including industrial production and retail sales, are set to be released, alongside concerns over the South Korean won following President Yoon Suk Yeol's impeachment.
World shares showed mixed results as investors awaited a likely interest rate cut from the European Central Bank. While Germany's DAX and Britain's FTSE 100 saw slight gains, U.S. futures dipped ahead of the Federal Reserve's upcoming meeting, where further rate cuts are anticipated to support a slowing economy. In Asia, Chinese shares rose amid government economic plans, while Japan's Nikkei 225 advanced, driven by technology stocks.
World shares showed mixed results as investors awaited a likely interest rate cut from the European Central Bank. U.S. stock indexes rebounded, with the S&P 500 rising 0.8% and the Nasdaq composite reaching a record close above 20,000, driven by tech stocks. Meanwhile, inflation in the U.S. ticked up slightly to 2.7% in November, indicating ongoing price pressures.
South Korea's cryptocurrency sector faces significant challenges as martial law has led to a suspension of all crypto-related legislative work until mid-2025. This includes delays in crucial decisions on ICO bans and corporate crypto purchases, while a new 22% crypto tax has been postponed until 2027. The uncertainty has caused Bitcoin prices to plummet by 30% on the country's largest exchange, prompting concerns that South Korea may fall behind in the global crypto landscape.
Vancouver Mayor Ken Sim is advocating for the city to adopt Bitcoin as a strategy to combat inflation and enhance financial stability. He plans to present a motion to the city council on December 11, proposing the diversification of financial reserves to include Bitcoin, which he believes will preserve the city's purchasing power.Sim's initiative reflects his ongoing support for cryptocurrency, having accepted crypto donations during his mayoral campaign. He has requested a report by the end of Q1 2025 to assess the feasibility and benefits of making Vancouver a "Bitcoin-friendly city," including the potential for accepting taxes and fees in Bitcoin.
South Korean Won
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Upbit listing drives MOCA trading volume surge and significant market gains
05:29 17.12.2024
bydfi joins code vasp alliance to enhance compliance in south korea
20:20 16.12.2024
BYDFi joins CODE VASP to enhance compliance in South Korea's crypto market
14:09 16.12.2024
asia stocks decline as investors await fed rate decision and china data
Chinese Yuan
Australian Dollar
United States Dollar
Japanese Yen
South Korean Won
Bank of Japan
MYS
IND
IDN
HKG
AUS
KOR
CHN
JPN
Yoon Suk Yeol
Show more
04:20 16.12.2024
european stock futures decline amid china retail sales disappointment and political uncertainty
United States Dollar
South Korean Won
Chinese Yuan
Euro
Brown Brothers Harriman & Co.
Moody's Corporation
DEU
KOR
CHN
JPN
USA
Yoon Suk Yeol
Olaf Scholz
Show more
23:44 15.12.2024
China data dump and central bank decisions shape Asian market outlook
United States Dollar
South Korean Won
End Federal Reserve USD
U.S. Treasury Bond Futures,Mar-
Bank of Japan
KOR
CHN
JPN
USA
Yoon Suk Yeol
Jamie Mcgeever
Janet Yellen
Bill Berkrot
Show more
22:50 15.12.2024
global markets mixed as central banks signal potential interest rate cuts
Chinese Yuan
United States Dollar
Japanese Yen
South Korean Won
Euro
Advantest Corp
Tokyo Electron Ltd
IND
GBR
HKG
USA
TWN
DEU
FRA
AUS
THA
KOR
CHN
JPN
Show more
06:36 12.12.2024
world shares mixed as central banks signal potential interest rate cuts
Chinese Yuan
United States Dollar
Japanese Yen
South Korean Won
Euro
Advantest Corp
Tokyo Electron Ltd
IND
GBR
HKG
USA
TWN
FRA
AUS
THA
KOR
CHN
JPN
Show more
06:36 12.12.2024
south korea's crypto industry faces uncertainty amid martial law and regulatory delays
08:42 11.12.2024
Vancouver mayor advocates for Bitcoin adoption to combat inflation challenges
10:11 10.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Industry Mergers & Acquisitions
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Workplace Trends
Startups & Entrepreneurship
Supply Chain Management
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
UBS Group AG
Credit Suisse Lux Digital Healt
Amazon.com, Inc.
Banco Santander, S.A.
Credit Suisse Strategic Income I
NVIDIA Corporation
AXA SA
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: