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  • MAS Requires Stricter Customer Due Diligence for Crypto Firms

    From fxdailyreport.com

    The Monetary Authority of Singapore (MAS) has published a new notice to strengthen the legal framework governing digital token payments and cryptocurrencies. Companies that accept Bitcoin and digital token payments are required by this notification to improve their consumer due diligence procedures. These businesses now have to thoroughly identify and report any “high-risk customers” to the service following the new regulations. During the customer onboarding process, they are also required to collect and provide a broader range of data. This action by MAS intends to address possible risks related to digital ... (full story)

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    Statement from President Joe Biden on May Jobs Report

    From whitehouse.gov|Jun 2, 2023|5 comments

    Today is a good day for the American economy and American workers. We learned this morning that the economy created 339,000 jobs last month. We have now created over 13 million jobs since I took office. That is more jobs in 28 months than any President has created in an entire 4-year term. We also learned that the unemployment rate has been under 4 percent for 16 months in a row. The last time our nation had such a long stretch of low unemployment was in the 1960s. And the share of working age Americans in the workforce is at its highest level in 16 years. Meanwhile the annual inflation rate has fallen for 10 months in a row, and it’s down more than 40 percent since last summer. During that time, take-home pay for workers has gone up, even after accounting for inflation. In short, the Biden economic plan is working. And due to the historic action taken by Congress this week, my economic plan will continue to deliver good jobs for the American people in communities throughout the country. I look forward to signing the bipartisan budget agreement into law. The agreement protects our historic and hard-ea tweet at 9:40am: BIDEN, ON JOBS DATA, SAYS U.S. DEBT CEILING BILL WILL ALSO CONTINUE TO HELP ECONOMY; LOOKS FORWARD TO SIGNING INTO LAW -STATEMENT

    First-ever certification for sustainable Bitcoin mining

    From mining-technology.com|Jun 2, 2023

    Astandardised energy measurement system for sustainable Bitcoin mining has been launched by Energy Web, an independent non-profit dedicated to developing open-source software for ...

    US payrolls rose 339,000 in May, much better than expected in resilient labor market

    From cnbc.com|Jun 2, 2023|1 comment

    The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in ...

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    Crypto insurer Evertas authorized to offer largest single crypto insurance policy

    From channelnewsasia.com|Jun 2, 2023

    London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or ...

    Here Are the Key Takeaways From US Jobs Report for May

    From bnnbloomberg.ca|Jun 2, 2023

    Here are five key takeaways from the US employment report for May, released Friday. • May saw another big upward surprise in payroll gains, with employers adding 339,000 jobs ...

    Despite Debt Limit Agreement U.S. ‘AAA’ Rating Remains on Negative Watch

    From fitchratings.com|Jun 2, 2023|1 comment

    Although the resolution of the U.S. debt limit impasse allows the government to meet its obligations, Fitch Ratings maintains the Rating Watch Negative (RWN) on the U.S. rating, ...

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  • Posted: Jun 2, 2023 10:34am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 206
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