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Economy

A collection of 596 issues

China's Venture Capital Plunge: Analyzing the Worst Decline in Over Seven Years

China's venture capital (VC) landscape is experiencing a seismic shift, marked by its most significant decline in over seven years. As the world watches, American businesses and investors are keen to understand the dynamics behind this trend. This article delves into insights from three sources - CNBC, Reddit's r/NBCauto

Coinbase CEO Urges DeFi Protocols to Challenge CFTC in Court

The realm of decentralized finance (DeFi) has grown exponentially in recent years, representing a seismic shift in the landscape of financial services. However, with rapid growth and innovation comes regulatory scrutiny. Brian Armstrong, the CEO of Coinbase, has become a prominent voice championing the interests of the DeFi community. Recently,

Franklin Templeton Pursues Spot Bitcoin ETF, Joining the Ranks of BlackRock and Fidelity

In a pivotal move that underscores the growing institutional acceptance of digital assets, investment giant Franklin Templeton has officially filed for a Bitcoin Exchange Traded Fund (ETF). The application signals the firm's intent to delve deeper into the world of cryptocurrency, aligning itself alongside notable industry players like BlackRock and

Maria Ressa: Nobel Laureate Triumphs Over Tax Evasion Charges in Philippines

Acquittal Sets Precedent for Freedom of Press in Southeast Asia Maria Ressa, a renowned journalist, CEO of Rappler, and a Nobel laureate, emerged victorious in a tax evasion case in the Philippines, underscoring the importance of freedom of the press and justice in the Southeast Asian nation. Background of the

Columbia Threadneedle’s analysis suggests that the pace of bond sales is 70% faster than that of the U.S. Federal Reserve and around twice the rate of the European Central Bank.

This gold sale, which took place under the leadership of then Chancellor of the Exchequer, Gordon Brown, was roundly criticized for being poorly timed. It resulted in a significant loss of revenue for the U.K. — an event now colloquially known in financial circles as “Brown's Bottom.” Mahon draws a

Mirae's Bold Move: Tapping into Polygon Labs to Transform Tokenized Securities

The American market must keep a close watch as South Korea’s financial giant delves deep into the blockchain. The crypto and blockchain landscape is no stranger to rapid change and innovation. The latest buzz comes from the East, as Mirae, a whopping $500 billion Korean asset manager, has revealed

MIGA Issues Record $6.4 Billion Guarantees in FY23

The Multilateral Investment Guarantee Agency (MIGA), a World Bank affiliate, set a historic benchmark by committing $6.4 billion in new guarantees for fiscal year 2023. Covering 40 projects across 29 countries, this record-setting guarantee surpasses all previous investments made in MIGA's 35-year lifespan. MIGA's foundational purpose has been to

China Ramps up Chip Industry with a Hefty $40 Billion State Fund

BEIJING — As China races to close the technological gap with the U.S. and other global competitors, it's unveiling its latest weapon: a massive $40 billion state-backed investment fund for its semiconductor industry. This significant move, according to insiders privy to the matter, reflects China’s broader ambitions of achieving

SEC Files Lawsuit Against Crypto Mogul Justin Sun Over Alleged Illegal Sales

Introduction The U.S. Securities and Exchange Commission (SEC) has launched a lawsuit against renowned cryptocurrency entrepreneur, Justin Sun, and other associated entities, over allegations of illegal cryptocurrency sales. This move signifies the SEC's ongoing efforts to regulate the crypto landscape and ensure adherence to established securities laws. Background Justin

Grayscale

Grayscale wins lawsuit against SEC "This case was heard on a petition for review of an SEC order. Upon review, it is ordered: that Grayscale's motion for reconsideration be granted and the Commission's order be vacated," the court document reads. Earlier, Grayscale asked the SEC to approve all applications for