Bitcoin’s price faced some enhanced volatility in the past 24 hours as it popped to $70,200 but was violently rejected there and pushed down to $69,000. The altcoins are mostly in the red, while KAS skyrocketed by 19% and now trades close to $0.18 BTC Shaky at $69K The primary cryptocurrency had a fluctuating end…
The head of Switzerland’s banking regulator said he’s not looking to start a “feud” with UBS Group AG, while signaling that he’ll continue to push for higher capital requirements for the country’s biggest bank. from Bloomberg Markets https://ift.tt/FdwyXEk
TLDR Epoch Times CFO Bill Guan was arrested and charged with participating in a scheme to launder $67 million in illicit funds to benefit himself and the company. The scheme involved using cryptocurrency to purchase crime proceeds, including fraudulently obtained unemployment benefits, at a discount and funnel them through various bank accounts. Stolen personal information…
TL;DR XRP’s price performance has been lagging behind the leading cryptocurrencies such as BTC, ETH, and SOL in the last 30 days. Nonetheless, analysts remain optimistic that a rally is on the horizon based on the asset’s historical performance and some essential factors. Is It Time for an XRP Bull Run? Many of the leading…
Jennifer Lopez leaned on husband Ben Affleck last weekend after announcing the cancellation of her highly anticipated summer tour “This Is Me… Live.” Lopez and Affleck, who married in Las Vegas during a surprise, midnight wedding ceremony nearly two years ago, put on brave faces while stepping out in Los Angeles on Saturday. Outside of…
In other news, a Russian missile attack on the central city of Dnipro injured seven and damaged civilian infrastructure, local authorities said. https://www.cnbc.com/2024/06/04/ukraine-war-live-updates-latest-news-on-russia-and-the-war-in-ukraine.html
The likelihood that interest rates will settle at a higher level than the past decade will help European stocks to outperform their global peers, according to Citigroup Inc. strategists. from Bloomberg Markets https://ift.tt/0czEPil
The Korean owners of one of Frankfurt’s best known skyscrapers failed to agree a restructuring plan for a loan tied to the building, paving the way for insolvency proceedings. from Bloomberg Markets https://ift.tt/YHCg7Po
Coinbase is launching a political campaign to support pro-crypto presidential candidates and remove anti-crypto politicians from office, according to a blog post by the firm’s CEO Brian Armstrong. Brian Armstrong urged cryptocurrency enthusiasts to vote against anti-crypto politicians ahead of the November election. “While we are willing to talk to everyone, even our harshest critics,…
In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub…