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Weak fundamentals

Weak fundamentals

Crypto exchange Poloniex agrees to pay $10.4 million to settle U.S. SEC charges.

  • Wall Street banks Goldman Sachs, JPMorgan and Morgan Stanley all cut their China growth forecasts after export growth slowed unexpectedly and on concerns over new #coronavirus restrictions.
  • The U.S. Securities and Exchange Commission said Poloniex has agreed to pay roughly $10.4 million to settle charges of operating as an unlicensed #cryptocurrency exchange.
  • South Korea will set #Samsung heir Lee Jae-Yong's free on parole with a year left on a 30-month sentence on corruption charges.

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