On January 16, WTI crude oil futures touched $80 a barrel for the first time since August last year and set a new high since July last year, as new sanctions against Russia by Western countries began to affect crude oil supplies and US inventories tightened. Buyers of Russian oil are increasingly turning to other suppliers, with some countries, including India, saying they will bar sanctioned tankers from entering the country after the United States imposed its toughest sanctions to date. Freigh...
The Israeli prime minister's office said Hamas has not yet responded to the Gaza proposal.
On January 8, 27 current and former employees of the blockchain division of gaming giant WeMade have filed a lawsuit against the company for "unpaid" cryptocurrency bonuses, seeking about $11 million. The group said the company had promised to pay them cryptocurrency performance-based bonuses to reward work around WEMIX tokens. Some of these employees are still working at WeMade, made up of members of the Wemade Tree subsidiary, WeMade's former blockchain division. It is reported that the compan...
Mr. Trump's promise to ensure that all remaining bitcoins are "made in America" should be one of the least likely to materialise. Industry insiders widely agree that Mr. Trump's promise is seen more as symbolic support for the cryptocurrency industry and is virtually impossible to realise in practice. Because the blockchain is a decentralized network, no one controls or is banned from participating in the process. US-based miners still have far less than half of the global total, making it all b...
The government of El Salvador has made it clear that it will continue to promote bitcoin as part of its economic strategy, even though the country has signed an agreement with international monetary funds to phase out its bitcoin operations. Stacey Herbert, director of El Salvador's bitcoin office, clarified that the country will continue to buy bitcoins at an "accelerated" rate even after an agreement is reached, as part of its strategic bitcoin reserve strategy. Herbert also explained on socia...
According to the Chosun Ilbo, a pro-Yoon official said the president had made up his mind to face the constitutional hearings as impeached rather than resign early.
On November 18th, local time, on November 17th, the chairperson of the Russian State Duma International Affairs Committee, Slutsky, responded to the news that "the US government has allowed Ukraine to use US weapons to attack targets in Russia" and said that the use of US-made missiles to strike deep in the Russian region will inevitably lead to an extremely serious escalation of the situation, which may bring more serious consequences. It is impossible for the Biden administration not to unders...
According to the Federal Reserve's FOMC statement, inflation has "made progress" towards its 2% objective, but remains elevated.
The Federal Reserve's FOMC statement said inflation had made further progress towards its 2 per cent target but remained "slightly elevated" and that risks to the employment and inflation targets were balanced. Members voted 11-1 to approve the rate decision, with Governor Bowman dissenting that interest rates should be cut by 25 basis points.
On September 6, it was reported that former Wemade CEO Zhang Xianguo (transliteration), who was on trial for allegedly manipulating Wemix's circulation, resigned as Wemade's CEO in March. Wemade is now operating under the system of Li Jixian (transliteration) as the sole CEO.
Overnight U.S. ISM manufacturing PMI still released a signal of continued slowdown in U.S. manufacturing activity, and the U.S. index's rally was limited. However, the pound's early strong rally in the U.S. appears to have run out, and it may fall to... > >