Business
Gold retreats from peak amid rising US dollar strength
In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had pushed the precious metal to a record high. On Monday, gold prices had soared to an…
US arrests two Chinese nationals for $73M crypto scam
Two Chinese nationals, Yicheng Zhang and Daren Li, have been charged by US authorities in a massive cryptocurrency scam totaling $73 million, dubbed “pig butchering.” The scheme involved laundering funds through US bank accounts to the…
SEBI’s push for cryptocurrency regulation gains momentum in India
India’s stance on cryptocurrency regulation appears to be evolving, with the Securities and Exchange Board of India (SEBI) advocating for multi-regulator oversight in contrast to the Reserve Bank of India’s (RBI) concerns about potential…
Biden set to ratchet up tariffs on Chinese imports
U.S. President Joe Biden is poised to unveil new tariffs targeting key sectors, including electric vehicles (EVs), medical supplies, and solar equipment, in a move expected as soon as Tuesday, according to sources familiar with the matter.…
Binance, KuCoin receive regulatory greenlight in India
In a significant development for the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, and its competitor KuCoin have secured approval from India’s anti-money laundering unit. This decision comes months after…
Biden administration opposes repeal of SEC crypto rules
The Biden administration has taken a firm stance against overturning the SEC’s Staff Accounting Bulletin 121 (SAB 121), a move that has sparked controversy within the financial sector, particularly regarding its impact on crypto-related…