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Gold retreats from peak amid rising US dollar strength

In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had pushed the precious metal to a record high. On Monday, gold prices had soared to an…

US arrests two Chinese nationals for $73M crypto scam

Two Chinese nationals, Yicheng Zhang and Daren Li, have been charged by US authorities in a massive cryptocurrency scam totaling $73 million, dubbed “pig butchering.” The scheme involved laundering funds through US bank accounts to the…

Biden set to ratchet up tariffs on Chinese imports

U.S. President Joe Biden is poised to unveil new tariffs targeting key sectors, including electric vehicles (EVs), medical supplies, and solar equipment, in a move expected as soon as Tuesday, according to sources familiar with the matter.…

Binance, KuCoin receive regulatory greenlight in India

In a significant development for the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, and its competitor KuCoin have secured approval from India’s anti-money laundering unit. This decision comes months after…

Biden administration opposes repeal of SEC crypto rules

The Biden administration has taken a firm stance against overturning the SEC’s Staff Accounting Bulletin 121 (SAB 121), a move that has sparked controversy within the financial sector, particularly regarding its impact on crypto-related…

European Union enacts ambitious fiscal reform package

The European Council has adopted a trio of legislative measures aimed at overhauling the economic and fiscal governance structure of the European Union (EU). The primary objective of these reforms is to ensure the stability and…