EUR/USD 1.15114
0.030%
Gold 4065.03
0.240%
Oil 79.556
1.021%
USD/JPY 157.724
0.358%
GBP/USD 1.34340
0.014%
GBP/JPY 211.890
0.378%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 4th - Apples annual sales in India surpassed $10 billion for the first time in the last fiscal year, highlighting surging demand for its high-priced electronics and Apples continued expansion of its retail channels in India. Sources familiar with the matter revealed that Apples revenue in India achieved double-digit growth in the 12 months ending March this year, compared to approximately $9 billion in sales the previous year. The sources indicated that the iPhone, Apples flagship product, accounted for the vast majority of sales, while demand for the iPad and MacBook also increased. This previously undisclosed data is a significant boon for Apple in exploring new growth markets. Although the Indian market still represents a relatively small portion of Apples global business, this South Asian nation is gradually becoming one of Apples most important sales regions outside of the United States and China.Market news: Apples annual sales in India have surpassed $10 billion for the first time.Powerchip Technology: The overall market environment remains favorable for semiconductor companies, and we expect strong revenue and profit performance this year.Minutes of the Bank of Korea meeting: One member stated that the current interest rate hike measures alone are unlikely to be sufficient.On August 4th, Atsushi Takeuchi, a former Bank of Japan board member who participated in the Tokyo foreign exchange market intervention more than a decade ago, stated that if the yen shows signs of weakening again, Japan and the United States will "definitely" intervene jointly once more. Takeuchi said that the recent joint action by the US and Japan was highly effective, creating a market consensus that the yen would not continue its unilateral weakening. "It is now clear that, thanks to US support, virtually nothing can prevent the Japanese authorities from intervening," he said. "The US standing behind Japan and taking action has huge symbolic significance." "If I were managing a hedge fund, I wouldnt consider betting on USD/JPY right now." He indicated that the JPY/USD exchange rate is likely to fluctuate between 155 and 162 in the short term. "If the yen can maintain a level above 160 for another week or so, the market will see that level as a short-term bottom and begin to push the yen higher." "If the yen shows signs of weakening, Japan and the United States will definitely intervene again."

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

微信截图_20220707162601.png


Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

Suggestion