EU agrees to deal on landmark MiCA cryptocurrency regulation

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers … Read more

EU agrees to deal on landmark MiCA cryptocurrency regulation

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers … Read more

Supreme Court limits EPA authority to set power plant climate standards

The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images The Supreme Court on Thursday limited the Environmental Protection Agency’s authority to set standards on climate-changing greenhouse gas … Read more

5 things to know before the stock market opens Thursday, June 30

Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday As investors continued to weigh the ongoing impact of inflation, central … Read more

Coinbase seeks Europe licenses in bid to expand growth outside US

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the UK, Ireland and Germany, but wants to … Read more

China PMI data, stocks, currencies, oil

SINGAPORE — Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. The Shenzhen Component jumped more than 2% earlier in the session but gave up some of those gains to rise 1.573% to close at 12,896.2, and the Shanghai Composite advanced 1.10% to 3,398.62. … Read more

China PMI data, stocks, currencies, oil

SINGAPORE — Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. Mainland China’s markets traded higher. The Shanghai Composite advanced 0.37%, and the Shenzhen Component gained 1%. The Hang Seng index in Hong Kong was up 0.13%. The Nikkei 225 in Japan dropped 0.72%, … Read more

Unlikely to resume withdrawals Thursday

Bitcoin and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images Embatled crypto exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as it was originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” … Read more

5 things to know before the stock market opens Wednesday, June 29

Here are the most important news items that investors need to start their trading day: 1. Stocks looking for stability Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE Equities markets’ attempt to build on last week’s momentum has so far fizzled this week. Futures were little changed Wednesday … Read more

Publication of ‘healthy’ definition and draft guidance on plant-based milk imminent

The FDA – which had previously announced its intention to release draft guidance on plant-based milk labeling by the end of June, told us: “The FDA intends to release a draft guidance expected to be entitled ‘Labeling of Plant-Based Milk Alternatives and Voluntary Nutrient Statements: Draft Guidance for Industry’ in the near future. The draft … Read more