Bitcoin Displays Resilience Amidst Federal Reserve’s Hold on Interest Rates

by Александр Пирогов | Feb 1, 2024 | Blog News

In the aftermath of the Federal Reserve’s decision to keep interest rates steady, Bitcoin remains relatively stable, experiencing only a 2.2% dip while traditional stocks and cryptocurrencies face more substantial declines. Fed Chairman Powell’s cautious...

African Development Bank (AfDB) Breaks Ground with $750 Million Hybrid Capital Note Issuance

by Александр Пирогов | Feb 1, 2024 | Blog News

Summed-Up News: The African Development Bank (AfDB) has made history by issuing a $750 million perpetual hybrid capital note, a novel financial strategy recommended by the G20 for multilateral development banks. This instrument, with a 5.75% coupon, offers flexibility...

Indian Budget has Visionary Fiscal Roadmap and Transformative Reforms for India’s Economic Growth

by Александр Пирогов | Feb 1, 2024 | Blog News

Finance Minister Nirmala Sitharaman’s Interim Budget 2024 reveals ambitious fiscal targets, projecting a fiscal deficit of 5.8% for FY24 and aiming to reduce it further to 5.1% in FY25. With a revised total expenditure of Rs. 44.90 lakh crore and tax receipts...

Singapore High Court Rejects Three Arrows Capital’s Bid to Dismiss Lawsuit by DeFiance Capital Founder

by Александр Пирогов | Feb 1, 2024 | Blog News

The High Court of Singapore has rejected Three Arrows Capital’s attempt to dismiss a lawsuit filed by DeFiance Capital founder Arthur Cheong, allowing DeFiance Capital to pursue legal action against the bankrupt crypto hedge fund’s estate. Cheong contends...

China Prepares for Cryptocurrency Inclusion in Anti-Money Laundering (AML) Regulations

by Александр Пирогов | Jan 31, 2024 | Blog News

China is set to revise its Anti-Money Laundering (AML) regulations to encompass transactions involving cryptocurrency assets. Prime Minister Li Qiang chaired an executive meeting of the State Council on January 22 to discuss the updated AML law. The revised draft,...

SEC May Approve Spot Ethereum ETFs by May 23, Says Standard Chartered Bank

by Александр Пирогов | Jan 31, 2024 | Blog News

Standard Chartered Bank predicts that the US Securities and Exchange Commission (SEC) could approve the first spot Ethereum ETF on May 23, marking the final deadline for current applications. The bank anticipates a surge in Ethereum’s price, potentially reaching...