The latest court action brings the total number of V Global executives behind bars to seven, after the CEO was previously sentenced to 22 years in prison. Six executives were sentenced to up to eight years in prison for their roles in the $1.5 billion (2 trillion won) South Korean crypto exchange fraud V Global, but three were not detained so they could fight certain charges in court. V Global ran from July 2020 to April 2021, attracting approximately 50,000 investors by promising 300% returns as well as sizable payments for referring new customers. According to a translation of Dec. 26 reports from South Korean media outlets such as Economist.co.kr, two high-ranking executives named Mr. Yang and Mr. Oh were sentenced to eight and three years in prison, respectively, for their roles in defrauding investors. Another four unnamed executives were sentenced to three years in prison and five years on probation. Three of the six have not yet been detained because they have claimed innocence

Here is the text version of the episode of the FT News Briefing podcast: "Bank of Japan shocks markets" Jennifer Jessica Smith The Financial Times wishes you a good morning. The date is now Wednesday, December 21. And that wraps up today's edition of the FT News Briefing. The Bank of Japan gave in, and the markets shuddered. Many FTX clients are jockeying for position at the refund window. In addition, Tom Wilson of the Financial Times reviews the year's events in the volatile energy sector. Wilson, Tom You know, if we were to move this section to Russia, it would be appropriately titled "Russia," no? Suggested Citation: Jessica Smith Here's the day's essential news from me, Jess Smith, filling in for Marc Filippino. The Bank of Japan's sudden change in monetary policy sent shockwaves through global financial markets. Japanese central bankers had maintained their hyper loose monetary policy for a long time, and they had refused to raise interest

Stock futures went down Tuesday morning after the Bank of Japan said it would change its yield target range. Futures linked to the Dow Jones Industrial Average fell by 236 points, or 0.72 percent. Both S&P 500 futures and Nasdaq 100 futures fell by 0.86 and 1.05 percent, respectively. During regular trading on Monday, the Dow lost more than 162 points, or about 0.5%. The S&P 500 lost 0.9%, and the Nasdaq Composite lost nearly 1.5%. Stocks are likely to end the month and the year in the red, and investors' hopes for a Santa Claus rally are fading fast. "There's still no sign of Santa. "Harness up," said Louis Navellier, who started the growth investing firm Navellier & Associates. "One would like to think all the bad news is out. There are no more Fed moves until at least February. We're not getting worse, but we're also not making up for last week's losses." Investors worried that the Federal Reserve could tip the economy into a

Sensex, Nifty, and Share Prices Today LIVE: Bulls end a two-day losing streak as NSE Nifty and BSE Sensex rise. Sensex soars 460 points, Bank Nifty rises 0.45%, and Nifty finishes above 18400; M&M wins. The Nifty rose 150 points to 18,420 despite a flat beginning. Sensex gained 0.76 percent at 61,806. The Nifty Junior or Next 50 rose nearly 1% as intraday markets turned green. Nifty Auto gained 1.59% today and led the industry. KFin Technologies' IPO launched today with a price range of Rs. 347-366 per share. 18,888 is Nifty's biggest hurdle "Wall Street was positive due to short covering and value buying. All sectoral indexes except IT ended in the green, with auto and FMCG reporting the most gains. . net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/ The 21 December RBI MPC minutes will be widely monitored. In the following months, the market will be looking for signals concerning inflation and the RBI's policy. Continue to look up "December ma

The European Union, the G7, and Australia agreed a few days before December 5 to cap the price of Russian oil shipped by sea at $60 per barrel. This was the start of a new phase in the economic war between Russia and the West. The price cap may be one of the most important responses to Russia's use of its energy reserves as weapons since the start of its full-scale invasion of Ukraine, but most people don't understand what it means or what it hopes to accomplish. Many people seem to think that the price cap is a way to stop Russian crude exports, but that is not at all the case. On the contrary, it wants to make sure that they keep flowing even though regulations and sanctions are getting tighter and tighter, but not to Western markets. Since February, China, India, and many other third countries have been buying large amounts of crude oil from Russia at very low prices. They can still do this. The goal of the cap is not to stop these purchases, but to limit Russia's profit

Ukrainian soldiers, according to the governor-in-exile of Luhansk in eastern Ukraine, have attacked the headquarters of the Russian Wagner mercenary outfit. Serhiy Haidai reported considerable damage to the hotel where the group had convened in Kadiivka, Luhansk. Unfortunately, the BBC was unable to confirm Wagner's presence at the hotel independently. There was also heavy fighting in southern Ukraine over the weekend, with Russian forces attacking the city of Odesa and Ukrainian forces bombing a target in the captured city of Melitopol. Western experts have concluded that Wagner are state-sponsored mercenaries working to advance the interests of the Kremlin. Yevgeny Prigozhin, a former restaurateur and close associate of Russian President Vladimir Putin, established the private military business that has been repeatedly accused of war crimes and human rights abuses. Wagner forces have been sent to Crimea, Syria, Libya, Mali, and the Central African Republic before. Mr. Haidai said

In November, China's factory-gate prices fell annually for the second consecutive month, while consumer inflation slowed, reflecting lackluster activity and soft demand in an economy hampered by strict economic controls. Analysts anticipated that the government will maintain low interest rates and implement confidence-building measures. According to data released by the National Bureau of Statistics (NBS) on Friday, the producer pricing index (PPI) was down 1.3% on a year-over-year basis, unchanged from October's yearly decline. This was less than the 1.4% decline predicted by a Reuters poll. The consumer price index (CPI) grew at its slowest rate in eight months in November, up 1.6% from a year earlier, which was smaller than the 2.1% annual increase observed in October but in line with a Reuters poll. According to Zhiwei Zhang, chief economist of Pinpoint Asset Management, "these figures show the economic momentum continues to decline." Tuesday's high-level poli

The Federal Reserve, the European Central Bank, and the Bank of England will all make significant judgments the week after next, among others. The important concern for traders and investors is whether inflation has reached its zenith, which would allow policymakers to implement lower interest-rate hikes in the coming months. The monthly consumer price index for the United States is also due the following week, one day prior to the Federal Reserve's policy meeting on December 14, and could be crucial in determining longer-term monetary policy expectations. Adam Cole, a currency strategist at RBC, stated that the U.S. CPI is the only data release that appears to have a significant impact on the broader direction of the dollar at the moment. "Until we get those central bank meetings and one key monthly U.S. data release, not much is happening," he added. The dollar was very stable versus a variety of major currencies. The euro remained unchanged versus the dollar at $1.0507

According to the most recent analysis by Strategy& Middle East, part of the PwC network, the potential contribution of the metaverse to GCC economies could reach approximately $15 billion annually by 2030, of which $7.6 billion would be in Saudi Arabia and $3.3 billion in the UAE. The metaverse is still evolving, but the rate of change is rapid. Organizations in the GCC should move immediately and seize the chance. Tony G. Karam, Partner at Strategy& Middle East, stated, "By 2030, we anticipate that the metaverse would annually pump $15 billion into GCC economies. The estimates evaluated the expansion of component technologies, platforms, hardware, and software, as well as the economic contribution of new metaverse applications such as content production, shopping, etc." The metaverse is beautiful because it is neither a place nor a technology. Rather, it is the most recent stage in the evolving human-computer interface, which aims to provide a seamless, pervasive, im

The crypto industry will be subject to increased scrutiny as a result of the amendments to the regulatory framework. Despite Prime Minister Rishi Sunak and the Conservative Party's rhetorical embrace of cryptocurrency, the industry is expected to face increased scrutiny under the forthcoming regulatory framework. The financial regulator will have more authority thanks to the new laws, which will likely restrict the activities of foreign companies in the United Kingdom. A report in the Financial Times claims that the FTX collapse has altered the direction of the UK's regulatory regime. According to reports, the Treasury is nearing completion of a set of guidelines that will allow the Financial Conduct Authority (FCA) to keep an eye on the activities and marketing efforts of cryptocurrency businesses across the country. Foreigners would be unable to easily sell cryptocurrency on the UK market. The report doesn't go into detail on the restrictions, but it's safe to assume

The cryptocurrency market, unlike traditional stock markets, is open 24 hours a day, seven days a week. Anyone with Internet access can purchase Bitcoin at any time and from anywhere. Sundays and Mondays are the ideal days to purchase Bitcoin, according to a study, because the cryptocurrency's price is lowest on those days. The reason why Sunday evening is the best time to purchase Bitcoin is because weekend trade volumes on all cryptocurrency exchanges tend to decrease. The derivatives industry titan CME Group takes a weekend break. Every day, institutional investors trade about $500 million worth of bitcoin, which represents a significant portion of bitcoin's global volume. When Should You Buy Cryptocurrency? It can be difficult to time your trades to a precise time of day due to the fact that crypto deals occur all day, even into the early hours of the morning (regardless of your location). However, if you examine data from a few months, you can discern a few really broad pa

Rising wedge Two convergent trend lines form the rising wedge chart pattern. The first trend line in the pattern connects the recent lows and highs. The result is an upturned triangle. Unlike a rising wedge, a falling wedge falls. Because the low has surpassed the high and the lower trend line is steeper, the rising wedge pattern is bearish. The only differences between the falling wedges are the triangle's slant and the pattern's inference. The rising wedge pattern predicts falling prices or a breakout to a downtrend, and trading volume drops as the wedge progresses. Even if the wedge is still capturing price action and advancing, decreasing volume may indicate sellers are preparing for a negative breakout. Causes and signs of rising wedge The rising wedge pattern follows long trends. It's useful for trading cryptocurrencies. The wedge pattern may signal a trend reversal if a crypto trend has advanced too quickly and far. Buyer-seller imbalances cause major trends. Buyers

Can you earn money with cryptocurrency if you believe the price will fall? Can you make money in this market without having any cryptocurrency? It's not as impossible as you might believe. Let us explain the concept of "short selling." This is commonly referred to as "shorting." You can profit from this strategy if you believe the price of an asset will fall. Another thing that many people have recently been compelled to learn is the difference between a crypto currency and a token. Let's shine some light on this! What Exactly Is Shorting? Before we get into how to short cryptocurrency, let's define "short." The main concept underlying conventional trading is to buy cheap and sell expensive. Again, in a nutshell, shorting is the inverse of that: purchase high and sell cheap. This is what you do when you believe prices will fall. This is how you can profit from an asset that is depreciating. Let us understand more about this strategy. People fre