#market

Jerome Powell's narrative at the press conference was relatively neutral, but his remarks towards the end swayed the market mood negatively.

South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period.

KPMG's 2023 report reveals that cryptocurrency and blockchain have become the frontrunners in Canada's fintech sector, outpacing other areas despite a general decline in transaction volumes and deal values.

Effective July 19, South Korea's new Virtual Asset User Protection Act will come into force, criminalizing market manipulation, illicit and insider trading within the cryptocurrency sector. Offenders face severe penalties, including a minimum fine of three times the amount of profit gained or imprisonment.

The U.S. Bureau of Labor Statistics has released its January 2024 figures, revealing a steadfast unemployment rate and a significant rise in non-farm sector employment.

DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations.

Samsung is set to enhance its new Galaxy S24 smartphone series for the Chinese market by integrating Ernie Bot, an AI chatbot developed by China's Baidu. This feature is designed to efficiently handle tasks like summarizing, reorganizing, and translating vast amounts of information. Moreover, the chatbot will include a visual search capability, enabling users to search the internet for items using photos or images.