News list for "According to Lu"
On February 5, according to Reuters, two people familiar with the matter said that the SEC currently requires its lawyers to obtain high-level approval before officially launching an investigation. The new requirements stipulate that law enforcement officers must obtain permission from politically appointed commissioners to issue subpoenas, request documents and compel testimony. Previously, staff members had the power to independently launch formal investigations, while SEC commissioners oversa...
According to Reuters, India's Minister of Economic Affairs, Ajay Seth, said in an interview that India is revisiting its stance on cryptocurrencies due to the shift in attitudes towards cryptoassets in other countries. The review, which follows the announcement of crypto-friendly policies by US President Donald Trump, could further delay the release of a cryptocurrency discussion paper originally scheduled for September 2024. Ajay Seth said, "No.
According to a Reuters/Ipsos poll, 47% of Americans approve of President Donald Trump's performance in his early days in office. The vast majority of respondents (58%) do not want President Trump to grant pardons to all defendants accused of the "January 6 Capitol Hill incident". 46% of respondents support Trump's immigration policies.
According to a Reuters report last week, citing unnamed sources, the cryptocurrency industry has been lobbying Trump to issue an executive order within his first 100 days in office to build up U.S. bitcoin reserves, ensure the industry has access to banking services, and create a cryptocurrency advisory council. The report also said that the industry expects at least one order to come on January 20. (Jin Ten)
According to Reuters, as of now, Trump has not nominated a successor to the next chairperson of the US Commodity Futures Trading Commission (CFTC), and the current chairperson, Rostin Behnam, has previously announced that he will resign on January 20, the inauguration day of President-elect Trump, which means that there may be a "gap" with the regulator for a period of time. Rostin Behnam led the CFTC for four years, most notably during the crackdown on cryptocurrency exchange Binance for violat...
According to Reuters, BlackRock advises investors not to invest more than 2% of their total investment in Bitcoin. In response, BlackRock's Investment Institute released a report saying that a wider range of institutions investing in Bitcoin may curb some of its volatility, which may allow investors to increase the size of their allocations, but may also reduce the eye-popping returns of Bitcoin since its inception. Looking ahead, if Bitcoin does achieve widespread adoption, investing in it may ...
According to Reuters, Goldman Sachs CEO David Solomon predicted that the policies implemented after Trump took office are expected to add to the already improved capital markets, because people believe that the Trump administration will reduce regulation, and the market has already responded to the idea that the new administration will promote growth. Solomon said he had not spoken to Trump directly. In addition, several business executives and investors predict an increase in corporate deals in...
Cryptocurrency and blockchain-related stock sellers have suffered significant losses since bitcoin surged to all-time highs on Nov. 6, according to Reuters, with data analytics firm Ortex disclosing that traders shorting MicroStrategy (MSTR. O) lost more than $1.20 billion between Nov. 6 and Nov. 8, and have lost more than $6 billion so far this year. As of the close on November 8, short sellers of cryptocurrency exchange operator Coinbase Global, crypto miner Riot Platform, MARA Holdings and Bi...
According to Reuters, the head of the international monetary fund (IMF), Kristalina Georgieva, warned on the 24th that the world is in danger of falling into a low-growth, high-debt path, which will reduce the resources that governments can use to improve opportunities for their people, tackle climate change and other challenges. The upcoming US Presidential Election on November 5 has raised concerns that Americans, who have been stimulated by high inflation during the administration of Democrat...
According to a Reuters poll, 38 economists expect the Bank of Korea to keep the base rate unchanged at 3.50% on August 22. The Bank of Korea will cut the base rate by 25 basis points to 3.25% in the fourth quarter, the same as the July survey.
