News
A Chinese cryptocurrency fitness app has reportedly been placed under investigation for illegal fundraising practices and financial fraud. According to the report the market regulator in Changsha is investigating a fitness app that promised to reward users with cryptocurrency “candies” in exchange of being actvie. By clocking 4,000 steps a day for 45 days, users […]
Asian stocks gained by the close on Tuesday as Mainland Chinese shares led major Asia markers in making gains. Asian Stocks The Shanghai composite bounced 1.27% to close at 3,022.42, and the Shenzhen composite jumped 1.30% to 1,708.41 while the Shenzhen component was up 1.45% to 10,306.03. Hong Kong’s Hang Seng index was also up 1.06% in its final […]
Asian shares hit their highest in nearly eight months on Monday after the United States and China agreed on a preliminary trade deal, with Australian shares leading the way on expectations of more easing of monetary policy there. Asian Shares Positive sentiment helped push the MSCI’s broadest index of Asia-Pacific shares outside Japan to its […]
Two firms – cryptocurrency mining pool Simplecoin and bitcoin gaming platform Chopcoin – are shutting down over the AMLD5 European Union regulation coming into effect Jan. 10, 2020. A notice on the Simplecoin website reads that it is closing down on Jan. 1 because the new rules will require the firm to implement several anti-money laundering (AML) […]
Asian shares scaled eight-month peaks on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain’s Conservative Party cleared a couple of dark clouds from the global horizon. Asian Shares In Asia, Japan’s Nikkei climbed 2.4% to a 14-month top, while Shanghai blue chips advanced 1.4%. MSCI’s broadest index of […]
Asian stocks were mixed, and U.S. and European futures drifted Thursday after the Federal Reserve signaled U.S. interest rates will remain unchanged throughout 2020 amid a solid economy. Treasuries held gains and the dollar remained lower. Asian Stocks The MSCI Asia Pacific Index rose 0.6% as of 7:08 a.m. in London. Topix index slipped 0.1%. Australia’s […]