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Binance is backing Elon Musk’s Twitter acquisition — here’s why it’s a big deal for crypto enthusiasts

Binance is backing Elon Musk’s Twitter acquisition — here’s why it’s a big deal for crypto enthusiasts

[ad_1] Binance is the world's largest crypto exchange, handling billions of dollars in trading volumes on a daily basis.STR | NurPhoto via Getty ImagesBitcoin exchange Binance's move to participate in Elon Musk's $44 billion takeover of Twitter could boost digital currency evangelists' hopes for the development of a more "decentralized,"

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France becomes first big European nation to grant crypto giant Binance regulatory approval

France becomes first big European nation to grant crypto giant Binance regulatory approval

[ad_1] Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called "Web3" start-ups.Benjamin Girette | Bloomberg | Getty ImagesBinance has been granted approval from regulators to operate its cryptocurrency exchange in France.The company is now listed

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Buy now, pay later will soon affect your credit score in the UK

Buy now, pay later will soon affect your credit score in the UK

[ad_1] Buy now, pay later giant Klarna says it will start reporting data on customers' usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt.Starting June 1, the Swedish fintech

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Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO

Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO

[ad_1] Didi said in its annual report that it's being investigated by the U.S. Securities and Exchange Commission. The SEC opened the probe after Didi's U.S. IPO last year.Sopa Images | Lightrocket | Getty ImagesThe U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding

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Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce

Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce

[ad_1] While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity's Tony Dwyer sees the ingredients for a sharp market bounce.However, it's unrelated to a fundamental change in economic and market risks. So, investors may want to resist going all in. "We are going to

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Alibaba’s shares fall in Hong Kong following unconfirmed rumors linking Jack Ma to probe

Alibaba’s shares fall in Hong Kong following unconfirmed rumors linking Jack Ma to probe

[ad_1] Alibaba headquarters in Hangzhou, China.Bloomberg | Bloomberg | Getty ImagesAlibaba's Hong Kong-listed shares were about 1% lower Tuesday — after earlier falling more than 9% —following unconfirmed rumors that linked the company's founder Jack Ma to a national security investigation.Chinese state media reported earlier in the morning that the

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‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet

‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet

[ad_1] The market may be in the early innings of a dramatic decline.Despite Monday's tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a "bubble.""Go back and look at the history of bubbles. They don't softly correct and then are off to the races

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Can crypto go green? Major companies are trying — but it’s easier said than done

Can crypto go green? Major companies are trying — but it’s easier said than done

[ad_1] BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it's filled with thousands of computers.These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest

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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market

Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market

[ad_1] Europe's fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks.Oscar Wong | Moment | Getty ImagesLONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business.The company,

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Is the SPAC boom over? Deals in Singapore and Hong Kong appear to be fizzling out

Is the SPAC boom over? Deals in Singapore and Hong Kong appear to be fizzling out

[ad_1] It's been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months.George Rose | Getty Images, ReutersIt's been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months — in stark contrast to last year's

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