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UK bans world’s largest crypto exchange amid global crackdowns

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The UK’s financial watchdog has banned Binance from doing any business in the country

Binance has until the evening of June 30 to confirm that it has removed all advertising and financial promotions, according to the Financial Conduct Authority’s register.

The watchdog also says Binance must make clear on its website and social media that it can no longer operate in the UK.

In a recent statement, the FCA said the exchange platform must display a notice in a ‘prominent place’ on its website saying; “Binance Markets Limited is not permitted to undertake any regulated activity in the UK.”

Binance Markets “does not offer any products or services via the Binance.com website,” Binance said on Twitter. “The Binance Group acquired BML May 2020 and has not yet launched its U.K. business or used its FCA regulatory permissions.”

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Money

Nvidia’s market dominance is driving Wall Street to new records

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Nvidia’s stellar results propel Wall Street to unprecedented heights.

Nvidia’s latest financial results have become the catalyst for Wall Street’s surge to record highs.

The renowned graphics processing unit (GPU) manufacturer reported exceptional performance, beating market expectations and instilling newfound confidence in investors.

Nvidia’s revenue and earnings exceeded projections, driven by robust demand for its GPUs across various sectors, including gaming, artificial intelligence, and data centres.

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Money

How the Australian market reached its 15-year high

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Australia’s financial landscape is experiencing a historic surge as the market reaches 15-year highs, prompting investors to delve into the key factors driving this remarkable growth.

The Australian economy has demonstrated resilience and adaptability, navigating global challenges to emerge as a standout performer in the post-pandemic era.

A confluence of factors has contributed to the Australian market’s ascent. Strong economic fundamentals, including robust GDP growth and low unemployment rates, have instilled confidence among investors.

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Money

Rate hike fears loom for New Zealand following RBNZ meeting

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As the Reserve Bank of New Zealand (RBNZ) convenes for its latest meeting, speculations are rife regarding the possibility of a rate hike and the potential repercussions for the market.

With the global economic landscape in a state of flux, central banks play a crucial role in shaping monetary policies to navigate uncertainties and spur economic recovery.

Analysts and investors are closely monitoring the RBNZ’s statements and actions, particularly regarding interest rates.

Speculation is mounting that the central bank may consider a rate hike to address concerns related to inflation and to align with global trends.

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