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...JPMorgan Chase’s due diligence on a recent flurry of acquisitions is being scrutinised by US regulators in a review that includes a $175mn deal with a founder of a start-up who was criminally charged this...
...The US dollar index, which tracks the currency against a basket of six international peers, on Monday topped 105 for the first time since mid-November and was on track to settle at its highest level since...
...Ray said he could not return the actual crypto to customers because, by way of example, “when I took over as CEO, there were only 105 bitcoins left on the FTX.com exchange, against customer entitlements...
...Rival token ether has surged by roughly 180 per cent to $3,850 as of Tuesday. Solana — a Bankman-Fried-favourite — has jumped from $15 at the time of FTX’s demise to $188 now....
...If you can’t trust them, you can’t trust anyone in the US financial system,” he added....
...Zerpa and López are also under US sanctions. Before his fall from favour, he was considered an important figure in helping the country evade strict US sanctions....
...But they also state that “the largest US bank holding companies annually earned an average of 180 basis points of capital ratio between 2015 and 2022” — implying they should have no difficulty covering any...
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...The US Treasury said this week that “Hamas often relies on small-dollar donations, including through the use of virtual currency” for fundraising....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...Its 2023 accounts showed a loss of £173,423 and cash reserves of £75,105, which at spot pricing is enough to buy 3.2 bitcoins....
...Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD....
...Both Chevron and Exxon are using their shares as a currency, eschewing debt that has turned pricey....
...On Thursday, a federal judge in New York handed down a ruling in the US Securities and Exchange Commission’s long-running battle against Ripple, the issuer of the XRP crypto token....
...The tax exile built his reputation as a currency speculator when he, like George Soros, bet against the pound in the build-up to Black Wednesday in 1992....
...Nigeria has devalued its currency for the second time in eight months....
...the nascent and expanding digital currency industry....
...“The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, chief executive of PayPal....
...The dollar index, which measures the currency against a basket of peers, added 0.4 per cent in morning trading in Asia....
...The central bank has said the digital tokens will be backed by gold in its reserves and will be redeemable at international prices after 180 days....
...’s biggest economy came in at 248,000 for the week ending August 5 — higher than consensus estimates of 230,000 and up from 227,00 a week earlier....
...“Dollar long positions are evaporating rapidly, with [producer price] numbers all but confirming the disinflationary narrative in the US,” said Francesco Pesole, currency analyst at ING....
...In Ukraine itself, more than 180,000 citizens have subscribed domestically to “war bonds”. Canada late last year issued C$500mn in Ukraine Sovereignty Bonds....
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