Posts

Showing posts with the label united states

China Exempts Key US Goods From 125% Tariff—What’s Next?

Image
The Chinese government has recently created a China 125% tariff exemption list and is now quietly notifying companies about it. This move comes as Beijing attempts to ease some of the economic pressure while still maintaining a rather tough public stance in its ongoing trade war with Washington. At the time of writing, several critical product categories have already received relief from these hefty tariffs, though the full list of U.S.-made goods remains largely undisclosed to the public and is still evolving. JUST IN: China secretly creates list of US-made goods exempt from 125% tariffs, Reuters reports. — Watcher.Guru (@WatcherGuru) April 30, 2025 Also Read: Broadcom (AVGO) Has 600% Jump in 5 Years: $2T Potential? How China’s 125% Tariff Exemptions Affect U.S. Trade and Businesses Source: Global Times Right now, Chinese authorities are privately reaching out to companies about these exemptions rather than making any broad public announcements about their tariff strategy. This ...

Grayscale Files for Spot XRP ETF With NYSE

Image
In what is a massive development for the cryptocurrency market, Grayscale has officially filed for a Spot XRP ETF with the New York Stock Exchange (NYSE). Indeed, a recent filing with the US Securities and Exchange Commission (SEC) revealed the latest filing to bring the crypto investment vehicle to market. Grayscale joined five asset managers, including Bitwise and WisdomTree, as prospective issuers of the exchange-traded fund. Moreover, the firm is also seeking to issue a Spot Solana ETF in what would be a game changer for the industry that has enjoyed a massive shift in policy within the United States. JUST IN: Grayscale files for Spot $XRP ETF with the NYSE. — Watcher.Guru (@WatcherGuru) January 30, 2025 Also Read: Ripple President Says Spot XRP ETF is ‘Next in Line’ Grayscale Files for XRP ETF as Altcoin’s Look to Join Bitcoin and Ethereum It is incredible to fathom how fast things have changed for the digital asset sector in the United States. Just last year, Ripple was enga...

Which County Owns The Most Bitcoin (BTC)?

Image
Bitcoin (BTC), the world’s largest cryptocurrency, recently surpassed the $100,000 mark. While this seems like a major milestone for the entire industry, it wasn’t like this for the King Coin a couple of years ago. The asset had previously been called a scam and deemed illegal. But now, several nations and their leaders endorsed and held the King Coin. But which country owns the most BTC? Also Read: Ripple’s XRP Joins Nasdaq Worksport’s $5M Crypto Treasury Shift United States, United Kingdom & Others Top The List United States – The United States is the largest government that owns Bitcoin. The nation holds an astounding 213,297 of the cryptocurrency . This comes to almost $19.6 billion at today’s market pricing. China – As shocking as it seems, China is indeed one of the biggest holders of the king coin. The country has been quite harsh against the cryptocurrency industry. Even though the country has stringent laws against Bitcoin, the government holds a...

Binance Terminates $1 Bn Voyager Acquisition Deal, What's Next?

Image
Binance Ends $1B Voyager Deal A U.S. bankruptcy judge gave the go-ahead for the sale to Binance.US just one month ago and according to the previous plan, customers’ funds would have been recovered to the extent of 73%. However, this amount could have been reduced to 48% in the event that claims from the defunct cryptocurrency exchange FTX and its subsidiary Alameda Research were successful. There was a resounding 97% yes vote among the 6% of creditors who voted on the proposed Voyager plan. advertisement 1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform. — Voyager (@investvoyager) April 25, 2023 Trending Stories ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10...

3AC co-founder asserts Singapore citizenship to evade US Court jurisdiction

Image
Kyle Davies, co -founder of the now-defunct 3AC, has contested the authority of the United States, asserting his legitimate citizenship in Singapore. The move comes as Davies, one of the co-founders behind the now-insolvent cryptocurrency hedge fund Three Arrows Capital (3AC), submitted compelling documentation to the US Bankruptcy Court for the Southern District of New York. Kyle Davies’ renuncuation documents submitted to court | Source: U.S. Bankruptcy Court for the Southern District of New York He claimed that the laws of the United States no longer bind him due to his newly acquired citizenship . The legal maneuver was initiated by presenting duly attested copies of the form that documented his renunciation of US citizenship in December 2020. Per the documents submitted on August 1, Davies acquired Singaporean citizenship in January 2021. Emboldened by this new status, he assertively declared himself beyond the jurisdiction of the United States legal system. He also ...

Crypto Miners Led Dropbox To Ban Unlimited Storage Plan

Image
Also Read: Donald Trump’s Surprise Return to X Fuels Surge in Trump NFT Sales advertisement Dropbox Reveals Crypto Miner Misuse The company revealed that it found users pooling in cloud space to use for crypto mining and more particularly for Chia, a cryptocurrency with a market cap of $250 million. In a statement, Dropbox said the some of the offenders were also reselling the pooled spaces. “Unrelated individuals pooling storage for personal use cases, or even instances of reselling storage,” it said. Interestingly, the company began to be suspicious of the misuse when some of these accounts were frequently using up thousands of times more storage compared to the genuine business customers. It said that a growing number of these suspicious “customers” were buying its Advanced subscriptions not to run a business or organization, but for use case like crypto mining related activity. Hence, the company decided to remove the unl...

Crypto will transcend international currencies — BlackRock CEO

Image
Larry Fink states that global investors are increasingly eager to add crypto assets to their portfolios. BlackRock CEO Larry Fink has delivered fresh remarks supporting cryptocurrencies' role in democratizing investing worldwide, pointing to growing interest among the company's clients in digital assets. "More and more of our global investors are asking us about crypto,” Fink said during an interview with CNBC's 'Squawk on the Street' on July 14. BlackRock is the world's largest asset manager, with over $8 trillion in assets spanning all types of investment products. In Fink's view, cryptocurrencies have a "differentiating value versus other asset classes" in helping diversify portfolios. "[...] It’s so international it’s going to transcend any one currency,” noted the executive. BlackRock's Larry Fink on the 'Squawk on the Street'. Source: CNBC Despite Fink's pro-crypto remarks during the interview, he declined to co...

Bitcoin Price Soars As US CPI Data For May Comes As Expected

Image
The market participants had expected the CPI data to show signs of easing Inflation , with prices expected to have risen 0.1%, compared to the 0.4% rise in April 2023. On the other hand, the market participants are anticipating a rate hike pause decision from the June 14, 2023 Federal Open Market Committee (FOMC) meeting. advertisement Also Read: XRP Lawsuit: Vitalik Involved In Process Of Hinman’s Infamous ETH Speech; Reveals Docs The CPI Index, also called Inflation numbers, measures the average change over time in the costs paid by urban consumers for goods and services. In the lead up to the CPI data release, the Bitcoin price saw a jump over the last 24 hours, leading it to the $26,000 range. The BTC price registered a 3% jump compared to the daily low of $25,700 level. Also Read: Ethereum Price Prediction: Are $ETH And $BTC Securities? Here’s Trading Plan For ETH Price This Week Recommended Articles ...