• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. Wang Yi meets with Canadian Foreign Minister Anand. 2. 2026 Spring Festival film pre-sales exceed 400 million yuan. 3. The Cyberspace Administration of China announces the fourth batch of 7 financial information service institutions. 4. The Chinese Consulate General in Osaka reminds Chinese citizens in its consular district to strengthen security precautions. 5. Heilongjiang Province issues the "Heilongjiang Province Artificial Intelligence+ Government Affairs Deepening Application Work Plan". 6. Qiushi magazine publishes an important article by General Secretary Xi Jinping entitled "Key Tasks of Current Economic Work". 7. Ministry of Foreign Affairs: China decides to implement a visa-free policy for holders of ordinary passports from Canada and the United Kingdom starting February 17. 8. Guotou UBS Silver LOF compensation plan released: losses under 1,000 yuan will be fully compensated, and online processing will be available starting February 26. International News: 1. Tajikistan reportedly plans to launch gold ATM services. 2. European Central Bank President Lagarde opposes using taxes to prevent capital outflows. 3. Musk: Optimus robots will change human life starting next year. 4. According to Axios: The US Department of Defense threatens to cut off cooperation with Anthropic. 5. Obama responds to Trumps mockery of Ukraine as an ape: The "sense of shame" and "manners" that once bound American public officials have now vanished. 6. EU High Representative for Foreign Affairs and Security Policy Karas: It seems that EU countries are not yet ready to give Ukraine a specific date for joining the EU. 7. US-Iran negotiations—① According to the BBC: Iran is prepared to consider compromises to reach a nuclear agreement if the US is willing to discuss lifting sanctions. ② A senior Iranian official confirmed that the second round of indirect negotiations with the US will be held in Geneva on Tuesday. ③ Irans Deputy Foreign Minister: Iran and the US have included issues such as oil and gas, mineral investment, and even aircraft procurement in the negotiating text. ④ Iran reiterates that its right to peaceful use of nuclear energy is inalienable.February 15th - Nick Timiraos, a vocal advocate for the Federal Reserve, wrote that key indicators of the U.S. economy are pointing in the same positive direction: inflation is declining, the labor market remains strong, and economic growth is solid. This is not a definitive conclusion, but it represents the closest the U.S. economy has ever come to a soft landing (i.e., curbing inflation while avoiding a recession). Just four years ago, many economists thought this was impossible. Now, the scenario of the U.S. economy bringing inflation back to the Feds 2% target without falling into recession is once again credible. However, even without oxygen masks, its too early to unfasten the seatbelts. The Feds preferred inflation gauge, the core PCE annual rate, is currently close to 3%, and many forecasters expect little progress in inflation this year as tariff-related price increases spread further. Meanwhile, the labor market may not be as robust as last weeks report suggested. Payden & Rygels chief economist, Jeffrey Cleveland, stated that objectively speaking, the labor market has been weak, and the unemployment rate is more likely to rise than fall this year.February 15th - European Central Bank President Christine Lagarde stated during a panel discussion at the Munich Security Conference on Sunday that current market developments indicate investors are interested in allocating more capital to Europe. Creating incentives for European investment is a better approach than using taxes to prevent capital outflows. Lagarde believes that US President Trumps disruptive trade policies serve as a "spur" for Europe to accelerate economic reforms. Beyond economic challenges, this has also brought European leaders closer together. She stated that the EUs €90 billion ($107 billion) support package for Ukraine demonstrates that the union can drive meaningful decision-making even if not all member states support an agreement.U.S. Secretary of State Marco Rubio: The United States has taken note of reports from various countries assessing the poisoning of prominent Russian opposition politician Alexei Navalny. The United States does not question this assessment, nor is there any reason to question it.US Secretary of State Marco Rubio believes that President Trumps aide Witkov and Trumps son-in-law Kushner are "at this moment" traveling to Iran for an important meeting on Iran.

Indonesian Crypto Exchange Ensures Compliance With Biometric Security-Based Wallet

Cory Russell

May 11, 2022 10:37

微信截图_20220511102504.png


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.