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On December 31, Shandong Zhanggu announced that it had recently received a "Notice of Case Filing" (No.: CSRC Case Filing No. 0042025026) from the China Securities Regulatory Commission (CSRC). The CSRC has decided to file a case against the company for suspected violations of regulations regarding the disclosure of financial information in its periodic reports, in accordance with the "Securities Law of the Peoples Republic of China" and the "Administrative Penalty Law of the Peoples Republic of China."According to Hong Kong Stock Exchange documents, Beijing Roborock Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.Egyptian Cabinet: Egypts non-oil exports reached $40.7 billion from January to October, up 19% year-on-year.December 31st - Initial jobless claims in the U.S. unexpectedly fell to their lowest level in a month last week, but the unemployment rate is likely to remain high in December due to sluggish hiring. Initial jobless claims have fluctuated significantly in recent weeks as adjusting for seasonal fluctuations ahead of the holiday season presents challenges. The labor market is expected to remain in what economists and policymakers call a "neither hire nor fire" mode. While the U.S. economy has remained resilient recently, with third-quarter GDP growth reaching its fastest pace in two years, the labor market has nearly stagnated. Economists say that labor demand and supply are affected by import tariffs and immigration restrictions.December 31st - Last week, initial jobless claims in the United States fell to one of the lowest levels this year, highlighting the volatility of the data during the holiday season. Data released by the U.S. Labor Department on Wednesday showed that initial jobless claims fell by 16,000 to 199,000 in the week ending December 27, below economists expectations of 220,000. Recent data has been volatile, typical of the holiday season. The latest statistical period covers Christmas, as well as the newly established federal holidays of December 24 and 26. In addition, continuing jobless claims fell to 1.87 million the previous week.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

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According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

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