Day: October 17, 2022

Oct 17
Quest Pro VR headset raises privacy concerns for Meta’s future in metaverse

Meta announced its latest VR headset, Quest Pro, which includes a new eye and facial movement tracker said to enhance digital avatar expressions and realism. 271 Total views 21 Total shares Meta, the parent company of Facebook and Instagram, announced its latest virtual reality (VR) headset at the Meta Connect 2022 event on Oct. 11. The […]

Oct 17
FDA extends review time for Biogen’s ALS treatment candidate

Shares of Biogen Inc. BIIB, -1.97% gained 1.4% in premarket trading on Monday after telling investors that the Food and Drug Administration extended the review period for its experimental treatment for amyotrophic lateral sclerosis (ALS) by three months. The new decision date is April 25. Biogen’s stock is up 10.3% this year, while the S&P […]

Oct 17
Yen heading for new lows. Overview for 17.10.2022

Japanese yen paired with the US dollar has returned to a devaluation strategy. The current quote in USDJPY is 148.70. It is close to a 32-year high. Morning statistics showed that Japan’s final volume of industrial production for August rose to 3.4% y/y, while a gain of 2.7% y/y was expected, as before. This is […]

Oct 17
Forex Technical Analysis & Forecast 17.10.2022

EURUSD, “Euro vs US Dollar” EURUSD worked off a downward wave to 0.9707 and performed a rising link to 0.9767. Today the market is forming a downward structure to the level 0.9670. Its breakdown will open the potential for the development of the wave to 0.9544. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD performed […]

Oct 17
Binance launches $500M lending project to support crypto miners

The loans will be provided to “blue-chip” Bitcoin miners who could back their bids with physical or digital assets. 1424 Total views 11 Total shares Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners.  […]

Oct 17
‘Get ready’ for BTC volatility — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week keeping everyone guessing as a tiny trading range stays in play. A non-volatile weekend continues a familiar status quo for BTC/USD, which remains just above $19,000. Despite calls for a rally and a run to lower macro lows next, the pair has yet to make a decision on a […]

Oct 17
Bond yields tumble ahead of new chancellor’s budget statement

U.K. bond yields tumbled on Monday ahead of a planned statement from new Chancellor of the Exchequer Jeremy Hunt laying out budget plans ahead of the Oct. 31 medium-term plan. The yield on the 30-year gilt TMBMKGB-30Y, 4.473% fell 36 basis points to 4.49%, while the pound GBPUSD, +0.58% rose to $1.1257. Hunt also gave […]

Oct 17
Three Aussie crypto funds halted as regulator cites non-compliance

Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinations (TMDs). In a media release dated Oct. 17 local time, the Australian Securities and Investments Commission (ASIC) said it has placed interim stop orders on three of Australian […]

Oct 17
Bankman-Fried ‘100%’ supports knowledge tests for retail derivatives traders

The FTX founder said a knowledge test for derivative retail customers “could make sense” but it doesn’t need to be specific to crypto. 603 Total views 7 Total shares The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it […]

Oct 17
North Korea’s Lazarus behind years of crypto hacks in Japan: Police

According to the Japan Government, a common mode of attack for the Lazarus Group was phishing, who are believed to have focused more on crypto funds lately because they’re “managed more loosely.” 284 Total views 3 Total shares Japan’s national police have pinned North Korean hacking group, Lazarus, as the organization behind several years of […]