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South Korea Orders 5-Minute Reconciliation for Crypto Exchanges After $56B Bithumb Error
South Korea’s Financial Services Commission has ordered all cryptocurrency exchanges to implement near real-time asset reconciliation and submit to monthly external audits. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). The directive follows a February operational failure at Bithumb that briefly sent $56 billion worth of bitcoin to hundreds…
Gold Forecast: Surge Above $4,050 Geopolitics and Global Economic Uncertainty – Forex Crunch
China trade tensions, the Middle East, and US fiscal uncertainty have pushed gold towards $4,050. The Federal Reserve’s two more rate cuts and limited US economic releases further enhanced the safe-haven demand. The markets will likely be low-volume today, but traders will closely monitor FOMC Paulson’s speech for further direction. The gold forecast remains bullish,…
Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon
Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon Source link
Has globalization lessened the importance of physical distance? For economic shocks, new research suggests ‘yes’
By Josh Ederington, Miami University and Jenny Minier, Miami University National economies are increasingly moving in sync and responding to the same booms and busts as a result of near-instantaneous communications and interdependent global supply chains. This is a sharp change from much of the 21st century, when economies were primarily affected by economic shocks…
Thailand Targets Five “Unlicensed” Crypto Exchanges, Including Bybit, OKX in Latest Crackdown
Thailand’s financial watchdog “will block access” to five unlicensed cryptocurrency exchanges, including Bybit and OKX, in the latest effort to curb illicit financial activity and protect domestic investors. The order, which takes effect on June 28, is reportedly in line with updated legal powers granted under new cybercrime legislation. The Office of the Securities and…
