• Sep 12, 2024

UK Parliament Introduces Bill to Clarify Crypto's Legal Status

In a landmark move, the UK government has officially introduced the a new Bill, which aims to recognize digital files, digital records, email accounts, digital carbon credits, cryptoassets and non-fungible tokens (NFTs) as personal property under British law. This legislation will provide ...

  • Sep 12, 2024

Why Is NETGEAR Stock Jumping Premarket Thursday?

NETGEAR, Inc. (NASDAQ:NTGR) shares are trading higher premarket today. On Wednesday, the company revised its business outlook for the third quarter of 2024. The company has raised its net revenue guidance to $170 million – $180 million (from the previous range of $160 million – $175 million) versus the consensus of $167.2 million. The company also disclosed in a regulatory filing that, on August 28, 2024, it inked a settlement deal with TP-Link Systems Inc., resolving all pending U.S. Internatio

  • Sep 12, 2024

New Hong Kong crypto scheme could see changes with SFC involvement in OTC rules

Hong Kong is exploring whether to have the Securities and Futures Commission (SFC) involved in regulating over-the-counter (OTC) virtual asset trading services, along with the Customs and Excise Department (C&ED), as the city struggles to regulate the industry. The SFC has sought opinions from industry players about potentially putting in place a new licensing regime for cryptocurrency OTC services, which will see the securities regulator work with the C&ED to oversee these companies, according

  • Sep 12, 2024

Freedom Holdings eyes Hong Kong's dim sum bond market to fund Kazakh optic-fibre project

One of Kazakhstan's biggest privately owned conglomerates is looking to Hong Kong's capital market to finance a multimillion dollar infrastructure project by its telecoms unit, underscoring the city's growing status as a fundraising hub for the Belt and Road Initiative (BRI). Freedom Holdings, the top Kazakh retail brokerage and investment bank, has engaged China International Capital Corp. (CICC) to help it sell so-called dim sum bonds, or financial instruments denominated in offshore renminbi,