Renowned American TV presenter Jim Cramer, who seized the moment and criticized the Binance crypto exchange when the SEC filed a lawsuit against it, believed that the SEC’s findings are so convincing that even the exchange’s best lawyers will have to consider how competent they are. He also repeatedly urged market participants to sell cryptocurrency…
Despite the huge inflation in Turkey and the strong devaluation of the Turkish lira against the US dollar, Turkey can become the leading economic country of the entire Western alliance. In addition to cooperation with Russia, with which agreements were reached yesterday in the field of nuclear and oil energy, the World Bank continues to…
While regulators are smashing various crypto projects and exchanges to smithereens, the head of Binance, Changpeng Zhao, is promoting his company in the crypto world. Great move, what do you guys think? After successfully launching a branch in Japan, he believes that despite multiple regulatory scrutiny, his cryptocurrency exchange has proven to be reliable, maintaining…
On Friday, the American economy reported mixed data on the labor market. Unfortunately, even 30,000 new jobs could not tame the impending avalanche of unemployment. This was followed by alarming data on delinquencies: on loans, car loans and cards. The pain is most acute for low-income people, who have largely used what they have been…
Some ECB chiefs have said the latest data for July and August point to a slowdown in the economy in Q3 and may continue to do so in Q4. In addition, they noted that the ECB is in the final stages of raising interest rates, but emphasized the need to work to bring inflation back…
The US Department of Justice and the Securities and Exchange Commission (SEC), after a failure in court with Grayscale, decided to get to the bottom of Elon Musk. The case is now being investigated over the secret project of the “Glass House of Musk”. It followed from the contents of internal documents that for the…
European countries reported on the health of the economy today. It should be noted that Germany remains the worst performance on all fronts, and this country is the heart of Europe. Unemployment data for August came out horrendous: 18,000 thousand people compared to 1,000 thousand earlier. France is slightly better, but not by much. Inflation…
This summer, Russia and other countries that are members of the OPEC “cartel” began to cut oil production. Most likely, this was due to the fact that during the coming global crisis, oil quotes would not fall below $80 per barrel, since below this mark, oil companies operate at a loss, not even recouping the…
An independent agency of the US Federal Government notes that so far only Australia has been able to beat rising inflation by raising interest rates. And indeed it is! The first and most important thing is that the weekly CPI is rapidly approaching the level of the interest rate. Yesterday, the Australian dollar strengthened the…
Today, as noted in the news, the Chinese regulator has been intervening in the financial markets. Bloomberg news agency records the largest inflow of cash investments in equity ETFs. But! Usually, when regulators step in and carry out serious interventions, the first thing that happens is strong changes in currency quotes. However, the Chinese Yuan…
