Canada to sanction LiquiTrade for Securities Act violation
The BCSC finds LiquiTrade guilty of running an illegal exchange, which could result in sanctions ranging from fines to a ban.
The BCSC finds LiquiTrade guilty of running an illegal exchange, which could result in sanctions ranging from fines to a ban.
According to Foresight News, North Carolina Governor Roy Cooper has vetoed a bill that would have prohibited the state from implementing a Central Bank Digital Currency (CBDC) issued by the Federal Reserve. In his statement, he explained that House Bill 690 was too immature, vague, and reactionary to be signed into law.Mitchell Askew, Chief Analyst at Blockware Solutions, expressed his disappointment with the governor's decision. He stated that the veto does not represent the will of the people of North Carolina, and it's unfortunate that the governor is unwilling to put partisan politics aside in favor of a law that would benefit all residents of North Carolina.
Governor Roy Cooper was slammed for not putting “partisan politics aside” to support a law that would benefit all North Carolina residents.
Binance’s alleged illegal operations were highlighted in court on July 5, with a central bank official testifying on the lack of necessary licenses and regulatory approval.
While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Biden’s veto.
According to Odaily, Wall Street Journal reporter Nick Timiraos has suggested that the employment report for June could make the Federal Reserve meeting in July more intriguing. This is due to the possibility of the first real debate on whether to lower interest rates at the next meeting in September. This would be the first such discussion this year. The employment report's impact on the Federal Reserve's decisions could lead to significant changes in the economic landscape.
According to BlockBeats, the U.S. unemployment rate rose to 4.1% in June, marking the highest level since November 2021. This increase comes despite stronger-than-expected nonfarm payroll data, which showed a gain of 206,000 jobs in June.Economic ImplicationsThe rise in the unemployment rate to 4.1% indicates that while job creation remains robust, as evidenced by the better-than-expected nonfarm payrolls, the labor market is experiencing some underlying weaknesses. This discrepancy suggests that more people are entering the labour force or that other factors are causing a lag in employment absorption.Market ReactionsThe increase in the unemployment rate could influence the Federal Reserve’s policy decisions. While the job creation numbers are positive, the higher unemployment rate may prompt the Fed to consider measures to support the labor market. This could potentially involve adjustments to interest rate policies or other economic stimulus actions.
Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it.
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.