Dollar hands back some gains ahead of Fed meeting; euro marginally up
- The U.S. dollar edged lower in European trade Monday, handing back some of the previous week’s gains ahead of the upcoming Federal Reserve policy-setting...
- The U.S. dollar edged lower in European trade Monday, handing back some of the previous week’s gains ahead of the upcoming Federal Reserve policy-setting...
VANCOUVER, British Columbia, March 18, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce the appointment of Mr. Jason Cyr as Vice President Operations, Canada, and André Morneau as Process Manager for the Valentine Gold Mine (“Valentine”) in Newfoundland & Labrador, Canada. Additionally, Calibre is pleased to announce that the Company has been added to the VanEck Vectors Gold Miners ETF (NYSE: GDX) (“GDX”). Calibre was adde
According to Foresight News, US prediction market platform Kalshi will launch five new event contracts for customers on Monday, allowing users to bet on various market price trends of Bitcoin and Ethereum using US dollars. Among the five new event contracts on Kalshi, one is a market event contract predicting the future value of Bitcoin, where users can bet on five price targets for this year: $75,000, $80,000, $90,000, $100,000, and $150,000 or higher. The other event contracts include the predicted price of Ethereum at 4 pm every day.
According to Cointelegraph: David Brend and Gustavo Rodriguez, former promoters of the alleged crypto firm IcomTech, have been found guilty of wire fraud conspiracy by a New York jury. The conviction could have them facing a maximum sentence of 20 years in prison for their role in what has been revealed as a Ponzi scheme. Source: U.S. Attorney SDNY on X The trial, which lasted two weeks, ended on March 14 when the jury at a New York District Court delivered a guilty verdict against Brend and Rodriguez. Each has been charged with one count of conspiracy to commit wire fraud. A press release from the U.S. Attorney's Office for the Southern District of New York, issued on March 15, stated that IcomTech founder David Carmona hired Rodriguez in mid-2018 to develop a website for promoting IcomTech, a newly launched firm presenting itself as a crypto mining and trading entity. Brend, Carmona and others enticed IcomTech's investors claiming the company's guaranteed daily returns through their supposed crypto mining and trading activities. Prosecutors unrevealed this to be a Ponzi scheme, concluding that no significant crypto trading or mining activities occurred, instead, new investor funds were used to pay previous investors. As per the allegations, Rodriguez aided in determining the pricing for so-called "investment packages" and unreal daily returns shown to investors via the site and his administered portal. Meanwhile, Brend and other promoters pocketed substantial amounts of victim funds, often amounting to hundreds of thousands of dollars. The seized money was misused for extravagant ventures, including real estate purchases, travel, organizing opulent expos, and community presentations, during which luxury vehicles and lavish attire were used in attempts to attract further investments. Sentences for Brend and Rodriguez are scheduled for June 27 and June 28, respectively. IcomTech's former CEO Marco Ochoa received a five-year sentence in January after pleading guilty to conspiracy to commit wire fraud. Similarly, founder Carmona, admitted his guilt regarding wire fraud conspiracy in December.
-- Most Asian currencies kept to a tight range on Monday, while the dollar steadied near two-week highs as focus turned squarely to a swathe of central bank meetings...
-- Chinese industrial production grew more than expected in the first two months of 2024, as manufacturing output continued to benefit from supportive policies and...
-- Singapore’s key non-oil exports fell more than expected in February, as a new-year boost in demand now appeared to be running out of steam, while strong figures for...
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=DUSiaS00DD4 VIDEO TRANSCRIPT Okay, hello everyone, and welcome back. My name is Greg Firman, and this is the Vantage Point AI ...
In recent financial developments, Goldman Sachs has expressed its expectations for the Bank of Japan (BOJ) to withdraw its negative interest rates by March. This projection is encouraged by factors like higher wage negotiations results and related reportage believed to catalyze this change. Goldman Sachs' stance from just five days prior suggested some skepticism about the BOJ's communication clarity during this critical phase, hinting at a possible delay in hiking the interest rates. However, their updated forecast signals a more optimistic outlook regarding the BOJ's strategic adjustments.
According to PANews, the Dubai International Financial Centre (DIFC) has announced the implementation of a new digital asset law, aimed at keeping DIFC in sync with technological advancements and providing legal clarity for digital asset investors and users. The law, which came into effect on March 8th, intends to comprehensively regulate the legal characteristics of digital assets as property law and stipulate how to control, transfer, and handle digital assets. DIFC is a tax-free special economic zone in Dubai with an independent legal system and courts based on British common law. The enactment of this law follows a review of regulatory approaches in various regions worldwide and a public consultation conducted last year.