May 2022

Hong Kong’s Hang Seng rises nearly 3%; Alibaba shares soar after earnings report

Leave a Comment / Global Financial News / Forks Daily

KEY POINTS Asia-Pacific stocks largely rose on Friday, with shares in Hong Kong leading gains regionally. Chinese tech giant Alibaba reported Thursday fiscal fourth-quarter earnings that were above analyst expectations. Australia’s retail sales rose 0.9% in April to “another record level,” according to a Friday media release from the country’s Bureau of Statistics. SINGAPORE — […]

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Thailand Exempts Crypto Transfers from VAT Payments until 2024

Leave a Comment / Cryptocurrency, Regulation / Forks Daily

The Thai government has decided to exempt crypto transfers from value-added tax (VAT) payments until December 31, 2023, following a royal decree, the Bangkok Post reported. The new ruling states that crypto and digital asset transfers on regulated exchanges will not require 7% VAT payments until the start of 2024. According to The Block, this

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Russia Considers Using Cryptocurrencies for International Settlements

Leave a Comment / Cryptocurrency, Regulation / Forks Daily

Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry Suggests Russia May Employ Crypto in International Trade The possibility of using cryptocurrencies

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As App shows, every ‘FAANG’ stock is presently in a bear market.

Leave a Comment / Uncategorized / Forks Daily

The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts. Facebook in particular has been hard hit during this round of selling, falling to a new low for the year after a raft of negative publicity surrounding its handling of foreign influence on

As App shows, every ‘FAANG’ stock is presently in a bear market. Read More »

The pros and cons of staking cryptocurrency

Leave a Comment / Cryptocurrency / Forks Daily

Let’s start with the basics: what is crypto staking? Staking is part of the process that certain cryptocurrencies use to verify transactions. It’s all part and parcel of a consensus mechanism called “proof of stake.” This sees blocks of transactions added to a blockchain, an indelible string of “blocks” of transactions, by people who already

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Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

Leave a Comment / Stablecoins / Forks Daily

The country’s multibillion-dollar remittances business and difficulties in transferring money create a “unique opportunity,” the company said. Tether on Thursday added to its roster of stablecoins, launching its MXNT token pegged to Mexico’s peso. The token will initially be supported in the Ethereum, Tron and Polyong blockchains, the company said. MXNT is Tether’s first foray into

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Digital identity in the Metaverse will be represented by avatars with utility

Leave a Comment / Metaverse / Forks Daily

Metaverse development is underway, but avatars with built-in utility will be key for digital identity. The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This was highlighted in a recent report from

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THESE PUBLIC OIL COMPANIES ARE JOINING FORCES WITH BITCOIN MINERS TO RESHAPE THE INDUSTRY

Leave a Comment / Bitcoin News / Forks Daily

As more major oil and gas operations partner with bitcoin miners, it’s clear that this magic internet money is transforming energy. One of the world’s largest industries — oil and gas — is converging with magic internet money infrastructure, but bitcoin’s prolonged market selloff has taken some of the shine off of these monumental partnerships.

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Russian stocks may be ‘essentially worthless,’ MSCI research suggests

Leave a Comment / Stock market / Forks Daily

KEY POINTS The MOEX Russia Index is down more than 36% year-to-date as of Friday afternoon. And international investors in Russian securities have endured restrictions in managing and valuing their positions since the war began. Based on a model that links stocks and bond markets, MSCI on Friday said the market for credit-default swaps suggests

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Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

Leave a Comment / Top Alt Coin News / Forks Daily

The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held in the project’s community pool and also deployed for past liquidity on Ethereum. The total number of votes favouring the action was 99.3% of the total number. According to CoinGecko, the total number of tokens to

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Hong Kong’s Hang Seng rises nearly 3%; Alibaba shares soar after earnings report

Thailand Exempts Crypto Transfers from VAT Payments until 2024

Russia Considers Using Cryptocurrencies for International Settlements

As App shows, every ‘FAANG’ stock is presently in a bear market.

The pros and cons of staking cryptocurrency

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

Digital identity in the Metaverse will be represented by avatars with utility

THESE PUBLIC OIL COMPANIES ARE JOINING FORCES WITH BITCOIN MINERS TO RESHAPE THE INDUSTRY

Russian stocks may be ‘essentially worthless,’ MSCI research suggests

Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

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