Based on CoinDesk information, the judgement, which was passed on 23 August 2024, gives the ministry seven days to comply. Mudrex appealed to the court when 15 people contacted the company about being scammed. Edu Patel, the CEO and co-founder of the cryptocurrency exchange, said: We estimate the actual number of retail investors scammed could…
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Marked as a notable recovery from its decline in 2022, when the British pound was $1.03 against the US dollar, it traded around $1.32 during the week of 26 August 2024. Analysts reportedly expect the Bank of England (BoE) to keep interest rates unchanged. Reuters cited Nick Rees, a senior market analyst at Monex Europe,…
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The company announced on Wednesday 28 August 2024 that its January through June revenue came in at approximately $4.65bn, or 31bn DKK. In an interview, the Danish toymaker’s chief executive, Niels Christiansen, told CNBC that the company is experiencing growth across its portfolio. He highlighted the contributions of LEGO Icons, LEGO Creator and the Fortnite…
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This integrated tech outfit specialises in fintech software and high-performance hardware and computing equipment. Based on the company’s press statement, Ma’s appointment is effective immediately. The group said that this is a strategic appointment that emphasises its drive to expand and optimise emerging opportunities in cryptocurrency and blockchains in North America. It stated that Ma’s…
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Based on CNBC data, the September 2024 delivery of copper clocked more than $4 per pound to record its highest level since 22 July 2024. Concurrently, the tri-monthly copper price on the London Metal Exchange also increased and traded at more than $9 per metric ton. Even though this base metal experienced a four-month low…
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The Associated Press (AP) reported that Zuckerberg directed a letter to Jim Jordan, the Republican Chair of the House Judiciary Committee, in which he stated that the Biden-Harris administration “repeatedly pressured” Facebook – one of Meta’s social media platforms – “for months to take down” certain pandemic posts, including humorous and satirical ones. Meta’s CEO…
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In a weekend that was rife with airstrikes, the Israeli Air Force launched attacks against Hezbollah targets in Lebanon just before this group launched a missile attack on Israel. After these attacks, both sides reportedly indicated that they did not want a full-blown war. Following the strikes, Brent crude oil increased by 0.85% and the…
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This company runs the Kraken crypto exchange in Australia. ASIC indicated that Bit Trade’s “margin extension” product has been available since October 2021 without a “target market determination” as legally required. According to the financial watchdog, this oversight meant a contravention of the Corporations Act every time this product was offered to a customer on…
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The firm was expected to put up 6.5 million American depository shares (ADS) valued at between $15.50 and $18.50, and aimed to raise an estimated $440m with its US IPO. The listing deadline was set for the week ending 23 August 2024. In a Thursday 22 August 2024 statement, WeRide said: Updating transaction documents is…
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Reuters reported that, according to a January 2024 Hong Kong court ruling, Evergrande’s creditors are “de facto shareholders” in the company’s onshore assets. The property developer’s offshore debt is estimated at about $23bn. Shareholders are usually last in line when it comes to liquidated debt settlements. However, in relation to the Evergrande electric vehicle (EV)…
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