Manhay december 2022

The Commodity Futures Trading Commission (CFTC) sued Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao on Monday for allegedly breaking trading and derivatives rules. The derivatives regulator said Binance neglected its responsibility to properly register with the CFTC, according to the filing. The agency has been investigating Binance since at least 2021 over whether it has allowed Americans to trade crypto derivatives, as the CFTC rules typically obligate companies to register if they do. Binance allegedly guided American customers to avoid compliance measures by using VPNs (virtual private networks) and other methods, according to the filing. The firm also allegedly hid the fact that they had American customers in their internal documents and data. While Binance.US launched in 2019, Binance.com is illegal for Americans to use, which is why it is only accessible through VPN. Binance.US is more limited than Binance.com, with roughly 150 … [Read more...] about World’s Largest Crypto Exchange Sued By US Regulators

Share to Twitter Share to Linkedin The Commodity Futures Trading Commission (CFTC) today issued a complaint against Binance, the largest crypto exchange in the world, alleging that the firm put profits over compliance and committed “numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.” Also mentioned were Changpeng Zhao, the Binance founder and CEO, and former Chief Compliance Officer Samuel Lim, who is cited widely throughout the complaint and allegedly orchestrated much of the malfeasance. Today’s filing is the latest in a series of questionable behaviors by the company. However, while the CFTC is seeking disgorgement of profits, civil monetary penalties, registration bans and a permanent injunction against violations of the CEA and CFTC regulations, the long-term impact of this filing is unclear. Specifically the document, filed today in the federal courthouse in Chicago, alleges that the company offered crypto derivatives, … [Read more...] about U.S. Regulator Says That Binance Illegally Helped Americans Trade On Its Exchange

Share to Twitter Share to Linkedin Next week the brightest planet and the seventh planet from the sun will appear very close to each other in the post-sunset night sky. Venus has been rising into the twilight sky since December 2022 and is now about 36º above the southwest horizon as soon as it gets dark, as seen from the northern hemisphere. That’s about as high as it ever reaches. Uranus—on its slow 88 Earth-years orbit of the Sun—doesn’t appear to move much in our night sky, but nor is it anyone near as bright and easy to see as dazzling Venus. What happens this week is mostly about Venus moving quickly through our night sky to visually “catch-up” on Uranus. Here’s everything you need to know to see this week’s rare conjunction of Venus and Uranus: MORE FROM FORBES See the Hubble Telescope's Jaw-Dropping New Portraits Of Jupiter And Uranus By Jamie Carter When is the conjunction of Venus and Uranus? The conjunction of … [Read more...] about How, When And Where To See A Rare Conjunction Of Venus And Uranus After Sunset This Week

Share to Twitter Share to Linkedin What Happened It has been a rough 2022 for cryptocurrency holders who had to face the collapse of luna and its associated stablecoin terraUSD, the meltdown of several digital-asset exchanges, and a brutal financial winter that cut the market value of all coins and tokens to $800 million from the January high of $2.4 trillion. With the year coming to an end, U.S. investors–most of whom are likely to be sitting on losses – have some room to optimize their tax situations and get ready for the upcoming filing season. Anyone following crypto knows how volatile the market can be. Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices. Key Concepts Below are some strategies and best practices you can follow before the end of the year to save on taxes and have a smoother filing experience in … [Read more...] about Year-End Tax Tips After Crypto’s Dismal 2022

Share to Twitter Share to Linkedin The definitive list of the bestselling albums globally in 2022 has been released, and the No. 1 title is owned by an act that might surprise many…at least those who don’t reside in Asia. The International Federation of the Phonographic Industry (IFPI) has announced the world's top-selling albums of 2022 in an annual rundown released on social media by the organization. Sitting pretty atop the ranking is Jay Chou's Greatest Works of Art . Although actual sales figures were not released by the IFPI, online sources indicate that the album sold over 7.2 million copies. That’s a serious accomplishment in a world where streaming dominates and sales have largely fallen by the wayside as platforms like Spotify and Apple AAPL Music make accessing music easier than ever. Unlike many album charts, the IFPI’s list only takes into account pure purchases, as opposed to those releases that were the most consumed, which … [Read more...] about Taiwanese Music Star Jay Chou Scores The Bestselling Album Of 2022 Globally

Share to Twitter Share to Linkedin On Monday (March 27), the IFPI (International Federation of the Phonographic Industry) released its annual ranking of the bestselling albums of last year, and the results are somewhat surprising. The list looks globally, and it shows that fans of Asian acts are clearly more inclined to purchase albums as opposed to stream them. In fact, nine out of the 10 bestselling albums in the world in 2022 are by Asian acts, according to the IFPI. Eight of them hail from South Korea, while one more is based in Taiwan. Only one Western act made the cut. Leading the way among the group is Taiwanese singer Jay Chou. His comeback album, Greatest Works of Art , tops the tally. The set reportedly sold 7.2 million copies since its release in July 2022. Chou's achievement is impressive and shows that there is still a massive market for physical purchases, especially in Asian countries where album sales are still significant. BTS … [Read more...] about BTS, Seventeen, Stray Kids And Blackpink: The 10 Bestselling Albums Globally In 2022

Share to Twitter Share to Linkedin Jonathan Dash is founder of Dash Investments . As CIO, he is responsible for the firm’s Investment Management and Asset Allocation decisions. Last year's stock market performance was not what anyone would have wanted, but it was to be expected. For those keeping score, it was the largest yearly decline since 2008 . That could be catastrophic for someone who initially invested in January 2022 with just a one-year time horizon. But most investors don't invest for a one-year period. They invest with their sights set on a long-term goal 10, 20 or 30 years out. But even for someone who started investing just three years ago, their average annual return at the end of 2022 would have been 8.22% . For someone who began five years ago, their average annual return would have been 9.11% . A 10-year horizon ending in 2022 would have generated a 12.4% average annual return. You see where I'm going with this. In a … [Read more...] about Putting The 2022 Stock Market Decline In Perspective

Sacks of lithium carbonate are seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. Oct 6, 2022. REUTERS/Carlos Barria/File photo MELBOURNE   -Australia’s Liontown Resources said it had knocked back an approach from the world’s biggest lithium producer Albemarle Corp on Tuesday that valued the lithium developer at A$5.50 billion ($3.7 billion) and sent its shares rocketing 59 percent. Liontown controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project slated for first production in mid-2024, which is among the world’s largest and highest-grade hard rock lithium deposits. North Carolina-based Albemarle is the world’s biggest lithium producer with major facilities in Chile, China and Western Australia where it holds stakes in two mines and is building a lithium hydroxide processing plant near Perth. The takeover approach could signal the start of sector consolidation, analysts said. Benchmark lithium prices … [Read more...] about Lithium miner Liontown soars as it snubs $3.7-B Albemarle bid

Share to Twitter Share to Linkedin For baseball players with incentive clauses in their contracts, there’s a potential pot of gold at the end of every season – even if their teams don’t qualify for hefty World Series shares. A prime example is Bryce Harper, who has won National League MVP awards with both the Washington Nationals (2019) and Philadelphia Phillies (2021). Harper, who signed a 13-year, $330 million pact with the Phils at the start of 2019 spring training, gets a $500,000 bonus for winning the MVP trophy, $100,000 if he’s World Series MVP, and $50,000 each if he wins a Gold Glove, Silver Slugger, or League Championship Series MVP or if he makes the All-Star team. There are no escape clauses in the Harper contract, which carries him through 2032, when he’ll be 39. And, after reaching the World Series with the wild-card Phillies last fall, he hardly needs incentives to try again. Sidelined after elbow surgery, Harper expects to return … [Read more...] about Bonus Clauses In Contracts Give MVP Contenders Even More Incentive

Share to Twitter Share to Linkedin Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office. The staffer says every U.S. crypto exchange—and the largest crypto exchange in the world, Binance—are in various stages of being investigated. There are more than 40 U.S. cryptocurrency exchanges, according to crypto data site, CoinGecko. The SEC has not responded to multiple requests for comment. Coming in the wake of a number of SEC actions asserting the regulator’s domain over the crypto industry, and an equally strong response by the U.S Commodity Futures Trading Commission (CFTC) pushing back against what it characterizes as “regulation through enforcement,” the staffer says the SEC urgently wants to resolve its dispute with the CFTC over crypto jurisdiction. If the matter isn’t … [Read more...] about Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer