Author: Press Room
The High Court of Hong Kong has made a landmark ruling by recognizing crypto to be property in a legal matter that involved the now-defunct crypto exchange Gatecoin.Judge Linda Chan, who presided over the case, reportedly said that crypto has property attributes, according to an analysis of the ruling published by the law firm Hogan Lovells. The court said that Hong Kong, in line with other common law jurisdictions, defines “property” broadly as “intended to have a wide meaning.””Like other common law jurisdictions, our definition of ‘property’ is an inclusive one and intended to have a wide meaning.”According to the law firm, the…
The items from the “Counter-Strike” video game series recently sold for over $500,000. The virtual items, a weapon skin and knife, are purely cosmetic. With the next entry of the series forthcoming, resale markets for in-game items have been heating up. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app With half a million dollars, you could buy an apartment, purchase a new Tesla, or make a series of investments. Or, if you’re a “Counter-Strike” enthusiast, you could use that money to buy a set…
Dominic Raab has resigned as the UK’s deputy prime minister after an independent report into bullying claims against him upheld two of the allegations.Raab, who was also justice secretary, on Friday morning saying he wanted to “keep his word” having promised to resign if the inquiry by employment lawyer Adam Tolley found evidence of any bullying.But he added that the inquiry would undermine the ability of ministers to “exercise direct oversight” over civil service officials.“In setting the threshold for bullying so low, this inquiry has set a dangerous precedent,” he wrote. “It will encourage spurious complaints against ministers and have…
Analyst: This is Biden’s blueprint to beat Trump or DeSantis in 2024 CNN political analyst Ron Brownstein says that President Biden’s low approval rating may not hurt his chances to be re-elected because voters have already shown that they will turn out to prevent Republicans in the mold of Donald Trump that they view as extreme, from being elected. Read the full article here
BlackRock Inc. on Tuesday fetched prices of about 85 cents to 90 cents on the dollar for the first batch of assets sold out of $114 billion seized by regulators last month after the failures of Silicon Valley Bank and Signature Bank. The first list, a roughly $292 million parcel of agency mortgage-backed securities with coupons of about 2.5% to 3%, rolled out before noon Eastern time, according to Empirasign, a platform that tracks trading activity in mortgage bonds and securitized products. “The reality is that the whole point is for BlackRock to get rid of these assets,” said David…
It’s hard not to see similarities between the 2008 financial crisis and now. Back then an unprecedented banking crisis led to the collapse of more than 400 U.S. banks. Last month we were surprised by two of the biggest U.S. bank failures ever.The key difference this time is that the federal government took immediate steps to guarantee all deposits at each troubled bank to help limit the damage and instill confidence in the banking system. Bank officials insist the regional banking crisis is contained. Three midsize banks failed in one week. While this is unlikely to be the Great Financial…
The chairman of the Senate Judiciary Committee on Thursday invited Chief Justice John Roberts to testify before the panel next month about ethics and the Supreme Court. The invitation by Sen. Dick Durbin, an Illinois Democrat, comes in the wake of revelations about Justice Clarence Thomas accepting luxury trips paid for by a Republican megadonor. “The time has come for a new public conversation on ways to restore confidence in the court’s ethical standards. I invite you to join it, and I look forward to your response,” Durbin wrote to Roberts. A hearing is planned for May 2. Read the…
© Reuters By Yasin Ebrahim and Senad Karaahmetovic Investing.com — IBM reported Wednesday fourth-quarter earnings that beat analysts’ forecasts, driven by an uptick in margins amid demand in its software business and cost cuts. International Business Machines (NYSE:) was about 2% higher in premarket Thursday trade following the report. IBM reported earnings per share of $1.36 on revenue of $14.3 billion. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $14.37B. The company’s software business, which includes transaction processing and hybrid platform & solutions, reported revenues of $5.9B, up 2.6%. Hybrid platform & solutions drove the bulk of growth following an 11% jump in…
WARSAW (Reuters) -Unilateral action on trade by European Union member states is unacceptable, the bloc’s executive said on Sunday, after Poland and Hungary announced bans on grain and other food imports from Ukraine to protect their local agricultural sectors. After Russia’s invasion blocked some Black Sea ports, large quantities of Ukrainian grain, which is cheaper than that produced in the European Union, ended up staying in Central European states due to logistical bottlenecks, hitting prices and sales for local farmers. The issue has created a political problem for Poland’s ruling nationalist Law and Justice (PiS) party in an election year…
By Peter Nurse Investing.com – The U.S. dollar edged higher in the early European session Friday, and looks set to post its first weekly gain in more than a month on growing expectations that the Federal Reserve will tighten monetary policy further next month. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 101.720, and was on course for a weekly gain of around 0.3%, after five straight weeks of losses. Commentary from a number of Fed policymakers this week has pointed to the U.S. central bank…
