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China Resources Beer (00291.HK) jumped in the afternoon and is now up more than 3.7%. The company disclosed at noon that its profit attributable to shareholders in the first half of the year increased by 23% year-on-year.The 20-year Japanese government bond yield rose 2 basis points to 2.595%.Futures News, August 19th. Economies.com analysts latest outlook: Spot gold prices fluctuated late in the day, hovering within a small bearish range in the short term, signaling market caution and uncertainty. Prices remain under pressure below the 50-day moving average (EMA), which remains a key barrier to a rebound. The RSI indicator continues to flash bearish signals, indicating that sellers remain dominant. Unless a strong rebound alters the current technical landscape, further downward pressure on prices to test new support levels is likely to persist.Futures News, August 19th. Economies.com analysts latest outlook: WTI crude oil futures fell late in the day. Earlier, prices had managed to escape the oversold territory of the RSI indicator and briefly rebounded, capitalizing on momentum gained from stabilizing at key support at $62.00. Prices then retreated after hitting resistance at the 50-day moving average (EMA), with sellers reasserting control. A small short-term downtrend continues, increasing the risk of a pullback to new support levels.Futures News, August 19th, Economies.com analysts latest view today: Brent crude oil futures fell in late trading yesterday as key resistance at $66.00 held firm and the price hit resistance at the 50-day moving average, intensifying bearish pressure and triggering the current decline. The RSI indicator formed a death cross after reaching overbought territory, which increases the possibility of a further short-term decline.

Binance Registers With the French Crypto Authority and Moves on With Its European Objectives

Cory Russell

May 05, 2022 10:06


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Exchange of cryptocurrencies Binance has registered with France's market regulator, according to Chief Executive Officer Changpeng Zhao, furthering the company's aim to establish a European center in Paris.


"It's a true mark of quality," Binance stated. David Prinçay, France's General Manager, referred to the registration with the regulator, AMF.


"People's perceptions are shifting. It enables us to go on to the next step, which is to educate (the French public) about blockchain."


A computer network, rather than a central authority, maintains and updates a shared record of information. The technique is used by major cryptocurrencies like bitcoin.


Binance, according to Prinçay, France was now requesting a formal license from the French markets regulator in order to establish a regional headquarters in the country. Even before the registration, Binance claimed to be the country's leading bitcoin exchange.


Binance has been registered in France for the first time, and it is also pursuing registration in Switzerland, Sweden, Spain, the Netherlands, Portugal, and Austria, according to Prinçay.

Binance Received Licenses from Dubai and Bahrain in March.

More than a dozen national authorities, including those in Germany, Italy, and the United Kingdom, issued warnings to Binance last year. It was operating without a license in several areas, according to some.


Binance's CEO, who goes by the initials "CZ," said last month that he would spend 100 million euros ($105.51 million) in France and would donate 2 million euros to the renovation of a room at the Chateau de Versailles. He also endorsed French President Emmanuel Macron's re-election effort on Twitter.


Binance has actively extended its global presence since its inception in Shanghai in 2017.


According to a Reuters investigation released last month, Binance increased its operations in Russia, where it leads the crypto market, while also developing relationships with Russian government agencies.

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