[unable to retrieve full-text content]Yahoo sounds final retreat in China amid tightened regulation South China Morning Post Source link
Read More »IMF warns cryptocurrencies may threaten financial stability without regulation
While cryptocurrency has the ability to improve the global payment system, digital coins still pose considerable challenges to market conditions worldwide, the International Monetary Fund warned in a new report on Tuesday. In its latest Global Financial Stability Report, the fund stated that risks stemming from the booming crypto trading and the proliferation of digital coins “appear contained for now,” but they should be monitored closely. As crypto grows in adoption, the potential impact… Source link
Read More »Bitcoin’s October price rise suggests near-term crypto bull run amid regulation
Bitcoin and other cryptocurrencies are shooting up the charts this week, continuing their break-away pattern from the stock market over the last month. While bitcoin’s (BTC-USD) volatile behavior still baffles plenty of investors, it’s increasingly the safest bet as regulators worldwide signal a tightening over the crypto sector. While the overall crypto market at times moves in lockstep with other risk-on assets, since October the asset class is showing some divergence. The S&P 500 (^GSPC)… Source link
Read More »Bitcoin retakes $47,000 in broad crypto rally as anxiety eases over regulation
Bitcoin (BTC-USD) spiked by more than 10% on Friday, joining cryptocurrencies in a broad relief rally as investors cheered constructive remarks from officials about the industry’s regulation. Battered by developments in China and a volatile environment for risk appetite, digital currencies had a rough September. However, signals this week from U.S. regulators also appear to have given sentiment a boost, sending Bitcoin to its biggest intraday rally since July. Other cryptocurrencies like… Source link
Read More »Crypto ‘needs adults in the room,’ should embrace regulation before crisis hits
As regulators circle cryptocurrency, acting Comptroller of the Currency Michael Hsu warned that the U.S. could be heading for a new financial crisis if oversight over the industry isn’t tightened. “If the crypto industry doesn’t evolve or is more responsible, then we will be headed” for a potential rerun of 2008, Hsu told Yahoo Finance in an exclusive interview. The official is one of several crypto skeptics within the Biden administration who have taken more of a hardline on… Source link
Read More »Regulation may be needed for Apple, Google app stores if changes not made – Australian regulator – Yahoo Finance
Bloomberg Saudi Arabia in Talks to Sell Aramco Stake to Global Energy Firm (Bloomberg) — Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast a rebounding economy in the aftermath of the coronavirus pandemic.The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to lock in customer demand for the… Source link
Read More »‘Regulation can get it wrong’: Google’s Sundar Pichai on AI and antitrust
For Google, the Techlash arrived with a vengeance last week. After years of mounting angst about the power of Big Tech, two state-level antitrust suits against the search giant in the US landed on consecutive days, adding to a Federal case launched in October. The European Commission, which has fought a running battle with Google over a series of competition complaints for the past decade, also upped the ante by proposing sweeping new laws aimed at curbing the power of a handful of… Source link
Read More »it’s time to have some good regulation on social media platforms
TipRanks 3 ‘Strong Buy’ Stocks with Over 7% Dividend Yield It’s been up, up, and away for the markets since the end of September. Both the NASDAQ and S&P 500 are trading within 3% of their recent record high levels, after counting for daily fluctuations. It’s a clear sign of a bullish mood among investors.And that bullish mood is finding fertile soil among Wall Street’s stock analysts, who are not hesitant to make buy-side calls. There are some indications that the analysts are… Source link
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