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On January 29th, Jiumuwang announced that it expects to achieve a net profit attributable to shareholders of the listed company of 270 million to 324 million yuan in 2025, an increase of 93.79 million to 148 million yuan compared with the same period last year, representing a year-on-year growth of 54% to 84%. During the reporting period, affected by fluctuations in the secondary market, the fair value change gains and losses of the companys financial assets are expected to be 80 million to 90 million yuan, compared with a loss of 58.555 million yuan in the same period last year. The fair value change gains during the reporting period increased by approximately 140 million yuan compared with the same period last year.Swiss customs data: Swiss seasonally adjusted watch exports rose 4.6% year-on-year in December, on a nominal basis, to CHF 2.15 billion.On January 29th, Mike Sanders, head of fixed income at Madison Investments, stated in a report that regardless of who is nominated, the next Federal Reserve chair will find it difficult to implement openly politically driven interest rate policies. He indicated that even appointing a more dovish candidate would be constrained by the cautious and conservative Federal Open Market Committee. "Attempting aggressive moves at the front of the yield curve is likely to lead to higher long-term yields, ultimately contradicting the original policy objectives," Sanders said.On January 29th, He Yongqian, spokesperson for the Ministry of Commerce, stated at a press conference that domestic services and other community-based family services are crucial to the well-being of the elderly and children, and are closely related to peoples lives. In 2025, the Ministry of Commerce, the Ministry of Finance, the State Taxation Administration, and other departments, fully considering the important role of the domestic service industry in promoting consumption, stabilizing employment, and benefiting peoples livelihoods, and based on feedback from the industry, promoted the extension of the aforementioned five tax and six fee preferential policies to the end of 2027. Going forward, the Ministry of Commerce will continue to cooperate with relevant departments to implement the tax and fee preferential policies in detail, conduct policy publicity and interpretation, and ensure that more high-value support policies benefit a wider range of domestic service companies, thereby accelerating the high-quality development of the domestic service industry.Singapores fuel oil inventory for the week ending January 28 will be released in ten minutes.

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.