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The S&P 500 opened 9.13 points higher, or 0.13%, at 6973.92 on Tuesday, February 10; the Nasdaq Composite opened 22.64 points higher, or 0.10%, at 23261.31; and the Dow Jones Industrial Average opened 247.25 points higher, or 0.49%, at 50383.12.February 10th - On February 10th local time, the European Parliament approved the political agreement reached with the European Council on amendments to the European Climate Law, which includes a new, binding EU climate target for 2040. Under the new target, the EU must reduce greenhouse gas emissions by 90% from 1990 levels by 2040, with the aim of achieving climate neutrality by 2050. The amendment still needs approval from the European Council and will then come into effect 20 days after its publication in the Official Journal of the European Union.On February 10th, the Israel Defense Forces (IDF) announced the formation of a new combat division—the 38th Division—the first mobile combat division established by the IDF in decades. This division will be formed by integrating units from the ground forces basic training system, including officer and infantry schools. The IDF stated that it is currently forming a communications battalion and a logistics regiment for the new division. The IDF anticipates that the 38th Division will achieve ground combat capability by 2027. Since the 1970s, the IDF has not established a new mobile division capable of operating deep into enemy territory, only creating new border defense divisions and reorganizing some existing mobile divisions.European Central Bank: Foreign exchange reserves increased by 600 million euros, reaching a total of 332.8 billion euros.On February 10th, China Literature Limited (00772.HK) announced in Hong Kong that it expects to record a loss attributable to equity holders of the Company in fiscal year 2025 of approximately RMB750 million to RMB850 million, compared to a loss attributable to equity holders of the Company in fiscal year 2025 of RMB209 million, primarily due to the goodwill impairment arising from the acquisition of New Classics Media in 2018. The goodwill impairment expense is non-cash in nature and therefore is not expected to affect the Groups cash flow, nor is it included in the Groups non-IFRS financial measurements.

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.