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Ethereum's Potential Compared to Amazon: 21Shares Experts Share Insights

Experts at 21Shares recently shared an insightful analysis, comparing Ethereum’s growth potential to that of Amazon. According to a recent report, the current lackluster demand for spot Ethereum ETFs stems largely from a general misunderstanding among investors about the blockchain’s transformative possibilities. However, as revolutionary developments unfold within

FTX Estate Sues KuCoin to Recover Over $50 Million in Locked Assets

The FTX estate has recently intensified its efforts to recover significant funds as it navigates its bankruptcy process, initiating a lawsuit against KuCoin, a major crypto exchange, to reclaim assets locked since the platform's collapse. Through Alameda Research, a subsidiary of FTX, the estate is taking this legal step to

Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay, a renowned provider of cryptocurrency payment solutions, has announced its ambitious plan to launch a Layer 1 blockchain called Alchemy Chain. This groundbreaking move aims to support the “growing needs” of its business operations and provide an efficient, scalable infrastructure for large-scale applications. The announcement sheds light on

Gary Gensler Congratulates Bitcoin on Its Upcoming White Paper Anniversary

On the eve of Bitcoin's 16th anniversary, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), offered his congratulations to the cryptocurrency community. The milestone, set for October 31st, marks the publication of the original Bitcoin white paper, a pivotal moment in the history of digital currencies.

CoinGlass: Open Interest in Bitcoin Futures Reaches Historic High

CoinGlass has recently reported that the open interest in Bitcoin futures has reached an all-time high, with the Chicago Mercantile Exchange (CME) taking the lead in holding the largest share—30.7% of total open interest. Following closely behind are popular cryptocurrency exchanges Binance and Bybit, which also show significant

"SEC Charges a Private Individual for Launching a Memecoin: A Historic First"

In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) has brought charges against an individual for launching a memecoin. This groundbreaking case involves a cryptocurrency known as Saitama Inu, which was created in 2021 by Vietnamese national Vai Pham, who is better known in crypto circles by

Researcher Accuses MrBeast of Promoting Scam Tokens and Earning Over $10 Million: Full Details of the Case

Recent investigations in the cryptocurrency world have sparked serious accusations against popular YouTube blogger MrBeast. Anonymous on-chain data analyst, known as SomaXBT, claims that MrBeast earned over $10 million by investing in low-cap tokens and subsequently promoting them. These accusations have garnered significant attention within the crypto community and beyond.

Former FTX Executive Calls Imminent Prison Sentence an "Exciting" Experience: Ryan Salame Prepares for 7.5 Years Over Illegal Political Donations

In the world of fintech and cryptocurrency, the name Ryan Salame has become synonymous with scandals and legal repercussions. The former CEO of FTX Digital Markets, Ryan Salame, is required to report to a federal correctional facility on October 11, 2024, to serve a 7.5-year prison sentence. This news

HBO's Documentary Reveals Alleged Identity of Satoshi Nakamoto: The Bitcoin Mystery Unfolds

On October 9, HBO premiered its highly anticipated documentary titled "Money Electric: The Bitcoin Mystery," which claims to unravel the enigma surrounding the identity of Satoshi Nakamoto, the elusive creator of Bitcoin. The film presents an intriguing theory suggesting that Nakamoto is, in fact, Peter Todd, a developer associated with

Project by Trump’s Sons Launches User Verification: An Insight into World Liberty Financial's KYC Procedure and Community Reactions

In mid-September 2024, former President Donald Trump unveiled a new venture called World Liberty Financial, a project that has garnered attention not only for its political ties but also for its ambitious goals in the blockchain space. Developed in collaboration with his sons, this project aims to create a landing

British Scammer Steals Over $650,000 from Nearly 250 Crypto Investors with Deceptive Schemes

In a startling revelation from crypto analyst ZachXBT, a British scammer operating under the alias "Ape 31" has defrauded approximately 250 cryptocurrency investors out of more than $650,000 over the past year. The fraudulent activities took place primarily on the social media platform X (formerly known as Twitter), where

Falling Oil Prices: How Saudi Arabia Shook the Market

In a surprising turn of events, oil prices have plunged dramatically following news that Saudi Arabia plans to abandon its long-standing price benchmark of $100 per barrel in preparation for an increase in production. As a result, the price of Brent crude oil has dipped to $71.57 per barrel,

Solana-Meme Coin Bonk Plans to Launch Asset-Based ETP: Insights from Solana Breakpoint 2024 in Singapore

The Solana Breakpoint 2024 event held in Singapore from September 20 to 21 brought exciting news from the team behind the popular meme coin Bonk (BONK). Developers announced their intention to launch an Exchange-Traded Product (ETP) based on the Bonk token, marking a significant milestone for the project and the

Hackers Demanding 100 BTC Ransom after Seattle-Tacoma Airport Cyberattack

In a concerning escalation of cybercrime, hackers who breached the computer network of Seattle-Tacoma International Airport are demanding a ransom of 100 BTC. The attackers used the notorious Rhysida ransomware to encrypt the airport’s critical data. Despite the attackers' threats, the airport management has firmly stated they do not

Crypto Expert Slams Circle CEO for Delayed Action on Blacklisting Lazarus Group Addresses

In the fast-paced world of cryptocurrency, timely decision-making and quick actions are paramount. These values are even more critical when it comes to maintaining the security and integrity of the ecosystem. However, recent events have spotlighted a lag in response from one major player—Circle, the issuer of the USD

Bitcoin Set to Reach a New All-Time High Regardless of U.S. Election Outcome, Says Standard Chartered Analyst

Bitcoin, the largest and most widely known cryptocurrency, is expected to reach a new all-time high by the end of this year, regardless of the outcome of the U.S. presidential election. According to Jeff Kendrick, a leading analyst at Standard Chartered, the price of Bitcoin is poised to break

Tether, TRON DAO, and TRM Labs Join Forces to Combat Illegal Activities with USDT on the TRON Blockchain

In a significant move aimed at promoting security and transparency in the cryptocurrency space, Tether, TRON DAO, and TRM Labs have announced the launch of a new initiative—the T3 Financial Crime Unit. This partnership seeks to combat illegal activities involving the USDT stablecoin on the TRON blockchain, where half

"Ethereum Reserves on Exchanges Hit 2016 Lows: A Reflection of DeFi’s Rise and the Great Crypto Exodus"

In the intricate world of cryptocurrency, just like in The Americans, the quiet movements often speak the loudest. In recent times, the reserves of Ethereum held on centralized cryptocurrency exchanges have dropped to levels not seen since 2016. This shift, which echoes both market volatility and strategic decentralization, suggests a

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

First Criminal Charges Filed in the UK for Operating an Illegal Cryptocurrency ATM

In a landmark case for the United Kingdom, authorities have pressed criminal charges against a man for operating an illegal cryptocurrency ATM (crypto ATM). This marks the first instance of such a prosecution in the country, highlighting the intensifying crackdown on unregulated cryptocurrency activities. Background of the Case The accused,

Crypto Fund Inflows Surge to $533 Million: A Comprehensive Look at the Growing Interest in Digital Asset Investments

The world of cryptocurrency is seeing a significant resurgence in capital inflows, with the total reaching $533 million for the week ending August 24, 2024. According to the latest report from CoinShares, the digital asset investment sector continues to gain momentum, marking the third consecutive week of positive growth. This

German Regulator Seizes 13 Crypto ATMs Operating Without a License Amid Concerns Over Money Laundering

In a major move to combat illegal financial activities, the Federal Financial Supervisory Authority of Germany (BaFin) has recently confiscated 13 cryptocurrency ATMs that were operating without proper licensing. The operation highlights the increasing scrutiny of cryptocurrency transactions and the role of regulatory bodies in ensuring compliance within this rapidly

Ethereum Drops by 26% Following the Launch of Asset-Based ETF: What’s Behind the Decline?

In recent weeks, the cryptocurrency market has witnessed significant movements, with Ethereum taking center stage. Since the launch of the Ethereum-based exchange-traded fund (ETF) on July 23, 2024, Ethereum’s price has plummeted by approximately 26%. With over $1 billion in trading volume on the first day of the ETF's

CEO of Starknet Foundation to Step Down: Diego Oliva's Departure Marks a New Chapter

In a recent blog post, Starknet Foundation announced that its CEO, Diego Oliva, will be stepping down from his position. He will be succeeded by James Strudwick, who has been with the organization since January 2024. Diego Oliva's tenure at Starknet Foundation has been marked by significant growth and development.

The Ethereum Network Faces a Decline: New and Active Addresses Drop to 2023 Levels Amid Falling ETH Prices

Since late July 2024, the Ethereum network has experienced a significant downturn. The number of new addresses has plummeted to its lowest point since December 2023, while the number of active addresses has reached levels not seen since January 2024. This decline coincides with the falling price of Ethereum (ETH)

PeckShield Reports: Crypto Industry Faces $266 Million in Losses Due to Hacks in July 2024

IntroductionIn a significant blow to the cryptocurrency sector, PeckShield's latest report reveals that the industry suffered losses amounting to $266 million due to hacking incidents in July 2024. This alarming figure highlights the ongoing vulnerabilities within the digital asset landscape, where hackers continue to exploit weaknesses for substantial financial gain.

US Senator Announces Legislation to Acquire 1 Million BTC for National Reserves: Strategic Move to Strengthen the Dollar

In a landmark announcement at the Bitcoin 2024 conference, Senator Cynthia Lummis of Wyoming revealed an ambitious new bill aimed at bolstering the United States' economic strength through the acquisition of one million Bitcoin (BTC). This move, she asserts, will play a crucial role in reinforcing the US dollar and

Kamala Harris May Join Donald Trump at Bitcoin Conference

In an unexpected turn of events, Kamala Harris, the potential candidate from the Democratic Party for the upcoming U.S. presidential election, is considering making an appearance at the highly anticipated Bitcoin Conference set to take place from July 23 to 25. The conference, already generating buzz with scheduled speakers

Ferrari Embraces Cryptocurrency: Now Accepting Bitcoin Payments for Luxury Sports Cars in the US and Europe

Expanding Horizons: Ferrari's Foray into Cryptocurrency PaymentsIn a groundbreaking move that showcases its innovative spirit, Ferrari, the renowned Italian luxury sports car manufacturer, has announced that it will now accept cryptocurrency payments for its vehicles in Europe. This initiative builds on the company’s existing program in the United States,

TON Foundation and Animoca Brands Establish $20 Million Reserve Fund to Boost Ecosystem Development

TON Foundation and Mocaverse, a project by Animoca Brands, have announced the creation of a $20 million reserve fund aimed at supporting the TON ecosystem. This initiative is designed to stimulate ecosystem growth and transform TON into a leading platform for content, gaming, and community development. Initiative Details The Open

Grayscale Investments Launches Fund Targeting AI Products in the Blockchain Sector

Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, a new investment product focusing on decentralized AI projects within the blockchain space. This fund represents an exciting new direction for the company, which has been at the forefront of investment in groundbreaking technologies since its founding in

The Open Platform Invests in Akedo Games to Propel Game Development in the TON Ecosystem

The Open Platform (TOP) has announced a strategic investment in Akedo Games, a game development studio known for its involvement in popular titles like PUBG Mobile, AFK Arena, and Rise of Kingdoms. This investment aims to bolster the development of gaming projects within The Open Network (TON) ecosystem, specifically on

BitMEX Admits Guilt in Violating U.S. Bank Secrecy Act: An In-Depth Analysis of the Legal Battle and Its Implications for the Crypto Industry

IntroductionIn a landmark development for the cryptocurrency industry, BitMEX, a prominent cryptocurrency exchange and derivative trading platform, has admitted to violating the United States Bank Secrecy Act (BSA). This admission marks a significant turn in the ongoing legal battle between BitMEX and U.S. authorities, emphasizing the critical need for

Major Cryptocurrency Exchanges Return 3,000 BTC Valued at $172 Million to German Government

In a significant financial move, the German government recently received 3,000 bitcoins (BTC) from major cryptocurrency exchanges. This transaction was facilitated by well-known platforms such as Kraken, Coinbase, and Bitstamp, according to a report by Arkham Intelligence. At the time of the transaction, these assets were valued at approximately

Ethereum Dominates the Blockchain Fee Revenue Chart with $2.72 Billion

In a recent analysis by Lookonchain experts, Ethereum has emerged as the leader in blockchain fee revenue, raking in a staggering $2.72 billion over the past year. This impressive figure positions Ethereum at the top of the list, significantly outpacing its closest competitor, Bitcoin, which generated $1.30 billion

SEC Files Lawsuit Against Silvergate Bank for Alleged Reporting Violations and Mismanagement

The United States Securities and Exchange Commission (SEC) has initiated legal action against Silvergate Bank and several of its top executives. This move stems from accusations that the bank failed to comply with certain regulatory requirements, including reporting obligations, internal accounting controls, and the proper maintenance of financial records. The

Uzbekistan Regulator Refutes Rumors of Hamster Kombat Game Ban

The National Agency for Perspective Projects of Uzbekistan (NAPP) has issued a statement to clarify and refute rumors about the alleged ban of the Hamster Kombat game in the country. The regulator explained the legal status of the game and warned of potential risks associated with the future withdrawal of

Stay Informed and Secure with Spy99

In our digitally connected world, having a robust monitoring solution is essential for safety and productivity. Spy99 2024 stands out as the ultimate tool for discreet and comprehensive monitoring, providing peace of mind without compromising privacy. Why Spy99 2024 is Your Go-To SolutionSpy99 2024 offers a powerful suite of features,

UwU Lend Offers $5 Million Reward for Identification of Hacker Following Multiple Attacks

In the rapidly evolving world of decentralized finance (DeFi), security breaches continue to pose significant challenges. The latest victim, UwU Lend, has been hit by a series of hacking incidents that have resulted in substantial financial losses. In an unprecedented move, the platform is now offering a $5 million reward

The Crypto Assets and AI Technology Market to Reach $20 Trillion by 2030, Predicts Senior Analyst

Bitwise's senior analyst has forecasted that within six years, the combined market of digital assets and AI technology will reach $20 trillion. He believes these industries are closely intertwined and will continue to strengthen this connection. Juan Leon, senior analyst at Bitwise Asset Management, stated that by 2030, the total

Bitcoin's Transaction Processing Speed Dips to 2011 Levels: An Analysis of CryptoQuant's Findings

CryptoQuant CEO, Ki Young Ju, recently highlighted a significant slowdown in Bitcoin’s transaction processing speed, stating that it has reverted to the levels observed back in 2011. According to Ju, despite Bitcoin's transformation into what many call 'digital gold,' it has failed to become a practical daily payment

Uzbekistan Student Sentenced to 10 Days of Arrest for Trading Notcoin

In a recent development, the criminal court of Tashkent has handed down a 10-day administrative arrest sentence to a 24-year-old student from Termez State University for trading Notcoin (NOT) tokens. The verdict has sparked significant attention, given the growing global interest in cryptocurrency and the varying legal stances on its

Donald Trump Proclaims Intent to Become "Crypto President" with $12 Million Campaign Fundraiser Support

In a significant display of support for the digital asset industry, politician Donald Trump has once again underscored his endorsement of cryptocurrencies. The U.S. presidential candidate recently announced his intention to become the "crypto president" during a high-profile fundraising event, securing an impressive $12 million in donations for his

Coinbase Introduces Smart Wallet Solution for Custody-Free Crypto Management with Integrated Gasless Transactions

Coinbase, a leading cryptocurrency exchange, has launched a new service named "Smart Wallet," aiming to revolutionize the way users interact with digital assets by offering a custody-free wallet that can be created effortlessly using modern identification methods like FaceID or a Google account. The announcement of Smart Wallet by Coinbase

Politicians Urge Biden to Intervene in Binance Case in Nigeria

A group of politicians has sent a special letter to U.S. President Joe Biden, calling on him to intervene in the case of Binance's top executive, Tigran Gambaryan, who has been detained in Nigeria for over three months. Gambaryan faces charges of money laundering and tax evasion. On June

Bitcoin Mining Companies' Reserves Hit 14-Year Low, Signaling Potential Supply Crisis

According to the latest data from CryptoQuant, bitcoin reserves held by mining companies have plummeted to a 14-year low, marking a significant moment in the cryptocurrency sector. The reserves now stand at only 50% of their all-time high, signaling a stark reduction in available assets within this segment. Currently, these

Report Reveals 6.8% of World Population Now Crypto Investors

Triple-A, a leading financial technology company, has released a comprehensive report detailing the global adoption of crypto assets. The findings reveal a significant increase in the number of crypto investors worldwide, highlighting a surge of 142 million new investors since 2023. The United Arab Emirates (UAE) emerges as the frontrunner

Japanese Crypto Exchange DMM Bitcoin Loses $303 Million in Hack

In a significant cybersecurity breach, the Japanese cryptocurrency exchange DMM Bitcoin announced the loss of 4,503 BTC, valued at approximately $303 million. The breach involved unauthorized access to the company’s accounts, resulting in the withdrawal of 4,502.9 BTC. Following the incident, DMM Bitcoin has temporarily halted

Polyhedra Network Adopts New Token Ticker ZKJ Following Accusations Against zkSync

Polyhedra Network, a prominent Web3 infrastructure provider, has announced a change in its token ticker to ZKJ from the previously used ZK. This decision comes amidst a contentious dispute with zkSync over the use of the ZK ticker. The change was reported by The Block, which cited an official statement

U.S. Court Dismisses DEBT Box Case, Orders SEC to Pay $1.8 Million in Penalties

In a significant legal development, the U.S. District Court for Utah has officially closed the case against the cryptocurrency firm DEBT Box, marking a notable setback for the Securities and Exchange Commission (SEC). On May 28, 2024, Federal Judge Robert Shelby dismissed the SEC's lawsuit against DEBT Box and

Donald Trump Explores Using Bitcoin to Address the U.S.'s $34.7 Trillion National Debt

Former U.S. President Donald Trump has shown interest in an unconventional method to manage the country's soaring national debt, which currently stands at $34.7 trillion. During a recent online event called the Orange Party hosted on the social media platform X (formerly known as Twitter), Trump queried the

Trader Turns $2,700 into $1.24 Million with Shiba Inu Meme Coin Investment, Achieving a 419-Fold Increase

In a remarkable display of cryptocurrency acumen, an unknown trader managed to transform a modest investment of about $2,700 into a staggering $1.24 million, all thanks to the meme coin Shiba Inu (SHIB). This astounding success story, reported by the analytics company Lookonchain, showcases a 419-fold increase in

Crypto Whale Falls Victim to Phishing Attack Again, Losing Nearly $7 Million

In a startling repeat of financial misfortune, a crypto whale known for previously falling prey to phishing scams has once again suffered a staggering loss of nearly $7 million due to a sophisticated phishing attack. On-chain analysts reported that this unfortunate incident unfolded on May 26, 2024, stripping the trader

MetaMask Team Works on Integrating Bitcoin Network: Potential Access Expected in June 2024

MetaMask, a widely recognized cryptocurrency wallet primarily associated with the Ethereum network, is reportedly expanding its capabilities to include the Bitcoin network. According to a recent report from CoinDesk, citing insider sources, the development team at ConsenSys, the company behind MetaMask, is actively working towards this integration. The anticipated access

Circle Launches Bold "Money Is Now Open" Campaign to Revolutionize Financial Transparency with USDC Stablecoin

Circle, the issuer of the prominent USDC stablecoin, has recently unveiled its dynamic new advertising campaign titled "Money Is Now Open". This initiative seeks to showcase how the advent of the open internet has dramatically reshaped various facets of human life and asserts that despite these advancements, the financial sector

Coinbase Derivatives to Launch Futures Trading for Oil and Gold Starting June 3

Coinbase Derivatives, a prominent player in the derivatives market, has announced an expansion of its product offerings to include futures on commodities like oil and gold. This move will complement the existing cryptocurrency derivatives already available on the platform. The new trading positions are set to begin on June 3,

Venezuela Bans Cryptocurrency Mining to Protect Its Power Grid

In a bold move to stabilize its national energy supply, Venezuela has officially imposed a ban on cryptocurrency mining across the country. According to government officials, this initiative aims to address the unreliable power supply that has plagued the nation for the past decade. Local law enforcement has already seized

Magic Square Launches New Launchpad Platform to Bolster Web3 Projects with Its 4.5 Million Users and 1,400 Applications

Magic Square has announced the launch of its new launchpad platform, a significant development in the Web3 sector designed to facilitate Initial DEX Offerings (IDO). This platform is strategically designed to support and accelerate the growth of Web3 projects by leveraging Magic Square's substantial user base and extensive app ecosystem.

Andrew Tate Invests Over $100 Million in Bitcoin, Plans to Fully Divest from Fiat and Banks

In a surprising pivot from his earlier reservations about cryptocurrency, influencer and entrepreneur Andrew Tate has announced an investment of more than $100 million in Bitcoin, signaling a complete departure from fiat money and traditional banking. This move represents a dramatic shift for Tate, who previously expressed skepticism about the

Chinese Authorities Expose a $1.9 Billion Underground Bank Using USDT for Illicit Transactions

In a major operation spanning 26 provinces, Chinese law enforcement has uncovered an underground banking network that engaged in illegal financial activities using Tether (USDT), a popular stablecoin. This operation involved the seizure of approximately 13.8 billion yuan ($1.9 billion) and the detention of 193 suspects, indicating a

Former Binance CEO Changpeng Zhao to Write a Book on Cryptocurrencies While Serving Prison Sentence

Changpeng Zhao, known popularly as CZ, the former CEO of the cryptocurrency exchange Binance, has announced his intention to write a book during his time in prison. This revelation comes amidst his current incarceration, where, according to CZ, he has found himself with "quite a bit of spare time" to

Approval of Spot Ethereum ETFs Hinges on Outcome of US Presidential Elections, Eric Balchunas Analyzes

Eric Balchunas, a Bloomberg Intelligence analyst, has recently commented on the likelihood of the approval of spot Ethereum ETFs. He has shifted his forecast to December 2025, indicating a significant delay. According to Balchunas, a crucial factor in this process will be the outcome of the upcoming US presidential elections.

Uniswap Founder Urges President Biden to Reconsider His Stance on Cryptocurrencies, Warning of Potential Electoral Defeat

Hayden Adams, the founder of the decentralized trading platform Uniswap, has publicly called on U.S. President Joe Biden to shift his administration's approach towards cryptocurrencies. In a pointed critique, Adams expressed concerns that Biden’s current disregard for the crypto sector might jeopardize his chances in the upcoming elections.

Canada’s FINTRAC Fines Binance $4.4 Million for AML Violations and Operating Without a License

In a significant regulatory action, Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a $4.4 million fine on the cryptocurrency exchange Binance. This decision comes after a detailed investigation into the platform's compliance with Anti-Money Laundering (AML) regulations and its failure to operate with a requisite

Grayscale Investments Withdraws Application for Ethereum Futures ETF Amid Regulatory Uncertainty

In a recent development within the cryptocurrency investment sector, Grayscale Investments has officially withdrawn its application for an Ethereum futures ETF, originally filed in September 2023. The application was for the Grayscale Ethereum Futures Trust ETF, and its withdrawal marks a notable moment in the evolving landscape of cryptocurrency regulations.

Revolut Launches Revolut X, a New Cryptocurrency Exchange Aimed at Experienced Traders, in a Move to Compete with Leading Platforms

Revolut has officially launched its cryptocurrency exchange, Revolut X, specifically designed for experienced traders. This strategic move is aimed at positioning the company as a strong competitor against the top cryptocurrency platforms. The plans for launching this exchange were first revealed in February 2024. As a neobank with over 40

Bitcoin Miners' Earnings Drop to Lowest Since June 2021, Despite Recent Recovery

On May 3, 2024, the daily income of Bitcoin miners significantly decreased to 437.28 BTC, equivalent to $28.4 million, marking the lowest earnings since late June 2021 when it fell to 388.6 BTC, according to data from Glassnode. As of May 5, 2024, there was a slight

Cryptocurrency ETFs and Companies Hold $175 Billion in Bitcoin: An Extensive Analysis by VanEck

VanEck, a leading investment firm, has released a report revealing that various companies and cryptocurrency ETFs collectively hold about $175 billion in Bitcoin, constituting approximately 15% of the total Bitcoin supply. This significant figure highlights the growing institutional and governmental interest in Bitcoin as a formidable asset class. According to

Tether Reports $4.52 Billion Profit for Q1 2024, Bolsters Treasury Bond Holdings to $90 Billion

In a striking demonstration of financial growth and strategic investment, Tether has announced a substantial $4.52 billion net profit for the first quarter of 2024. This significant figure includes approximately $1 billion derived from U.S. Treasury bonds, underscoring the company’s robust investment in these secure financial instruments.

Coal Giant Alliance Resource Ventures into Bitcoin Mining, Harvests 425 BTC Using Surplus Power

In an intriguing meld of traditional energy and modern technology, Alliance Resource, a leading coal mining company, has ventured into the lucrative realm of cryptocurrency mining. As revealed in their financial report for the first quarter of 2024, the company successfully mined 425 bitcoins, valuing approximately $30 million, utilizing excess

"Phoenix and Wasabi Exit U.S. Market Amid Tightening Regulations on Self-Custody Wallets"

Bitcoin wallet providers ACINQ, with its Phoenix Wallet, and zkSNACKs, the company behind Wasabi Wallet, have announced their exit from the U.S. market in response to the recent crackdown on two major self-custody cryptocurrency wallet providers. Both ACINQ and zkSNACKs have raised concerns about whether self-custody wallet providers can

Worldcoin Developers Consider Partnership with OpenAI and PayPal

Worldcoin, the cryptocurrency initiative under the Tools for Humanity banner, is reportedly exploring partnership opportunities with artificial intelligence startup OpenAI and payment service PayPal, according to Bloomberg sources. The move comes as the project faces regulatory challenges across various global jurisdictions. Tools for Humanity, the company behind Worldcoin, is seeking

ViaBTC Sells 'Epic Satoshi' for 33.3 BTC Valued at $2.13 Million on CoinEx Exchange in a Landmark Blockchain Auction

Mining pool ViaBTC has successfully sold a unique blockchain asset known as the "Epic Satoshi" for 33.3 BTC, which was worth approximately $2.13 million at the time of the transaction. This notable sale took place on the cryptocurrency exchange CoinEx, during an auction that spanned about two days.

Changpeng Zhao Apologizes for "Wrong Decisions," Takes Full Responsibility Amid Legal Challenges

Former CEO of cryptocurrency exchange Binance, Changpeng Zhao, known as CZ, has issued an apology and taken full responsibility for "wrong decisions" related to his management of the company. This comes as part of a letter to Judge Richard A. Jones, who is overseeing his case, a detail revealed by

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Intelligence has recently disclosed a significant discovery involving dozens of cryptocurrency wallets containing assets that are stranded within various blockchain bridges. This revelation includes wallets linked to prominent crypto exchanges and key figures within the cryptocurrency sphere. These accounts, some associated with major names like the exchange Coinbase, contain

Notcoin Team Announces New Launch Date for NOT Token in Late April 2024, Shifts Away from Initial Planned Date to Ensure a Smooth Rollout Amid Potential 35 Million User Onboarding

The Notcoin team has officially revealed the new launch timeline for their anticipated NOT token. Initially scheduled for April 20th, the date has been postponed to ensure a flawless launch. This decision came after considerations related to the bitcoin halving event originally set for the same date, which was seen

FTX to Auction Next Batch of Solana Tokens Amid High Demand

FTX, the cryptocurrency exchange that collapsed under dramatic circumstances, is preparing for another significant move in its ongoing liquidation efforts. The company is set to auction off a new batch of Solana tokens, responding to the high demand for this particular digital asset. Already, FTX has sold two-thirds of its

JPMorgan CEO Jamie Dimon Labels Bitcoin a 'Decentralized Ponzi Scheme,' Questions Cryptocurrency's Future While Acknowledging Blockchain's Value

In a recent interview with Bloomberg, Jamie Dimon, the CEO of JPMorgan, reiterated his critical stance on Bitcoin, describing it as a "decentralized Ponzi scheme." Dimon has been known for his skeptical views on cryptocurrencies, particularly Bitcoin, which he believes lacks a promising future and exhibits all the characteristics of

EigenLayer Removes Limits on Deposits, Enhancing Liquid Staking Token Delegation

In a significant development for cryptocurrency staking, the EigenLayer restacking protocol team has announced an important update: the removal of deposit limits. This change opens up new opportunities for token holders to participate more freely in the network's activities, particularly in liquid staking. For those looking to delegate their liquid

X Plans to Expand Paid Subscription for All New Users to Combat Bot Issues

Social media platform X, formerly known as Twitter, is likely to introduce a paid annual subscription for all new users. This strategy, confirmed by owner Elon Musk, aims to effectively tackle the platform's persistent bot problem. Historically, a similar subscription model was implemented for users in New Zealand and the

Tragic End for a Turkish Cryptocurrency Trader Following Market Crash

In a sorrowful event, a 33-year-old cryptocurrency trader from Diyarbakır, Turkey, known by the pseudonym Bill Munny, took his own life. This incident occurred at a shooting range in the Kayapınar area of the city, as reported by local authorities and media outlets. The police discovered his body with a

Fraudulent Group Launches New Project on Blast Network, Transfers $1 Million for Liquidity Provision

A group of fraudsters, previously involved in multimillion-dollar thefts from several cryptocurrency platforms, has initiated a new project on the Blast network, as discovered by cryptocurrency expert ZachXBT. The criminals have been linked to a series of scams involving large sums and have now deployed the Leaper Finance protocol on

Windows 10 Users Complain About Aggressive Windows 11 Advertising Campaign as End of Life Approaches

As the lifecycle of Windows 10 nears its end, with support scheduled to cease in October 2025, Microsoft has decided it's time to encourage users to transition to Windows 11. However, the manner in which the tech giant is approaching this has not been well-received by its customer base. Windows

Auradine Secures $80 Million in Series B Funding to Propel AI and Blockchain Solutions Forward

In a remarkable stride forward, Auradine, a pioneering startup developing cutting-edge solutions in blockchain, cybersecurity, and artificial intelligence (AI), has successfully closed its Series B funding round, amassing a hefty $80 million. This significant financial injection was led by a consortium of high-profile investors, including Mayfield, Celesta Capital, MVP Ventures,

EigenLayer Announces Mainnet Launch and Introduction of EigenDA: A Pioneering Move Towards Enhancing Blockchain Functionality

In a groundbreaking development that marks a significant milestone in the blockchain industry, the EigenLayer project team has proudly announced the launch of its mainnet. This pivotal move is accompanied by the unveiling of a novel feature set designed specifically for restakers and operators, signaling a new era of functionality

SEC Delays Decision on Grayscale and Bitwise Bitcoin Options-Based ETF Applications, Sets New Deadline for May 29

The United States Securities and Exchange Commission (SEC) has postponed its decision on the applications by Grayscale Investments and Bitwise for the launch of Exchange-Traded Funds (ETFs) based on bitcoin options. This delay marks a significant moment in the ongoing debate around the regulation and acceptance of cryptocurrency-related financial products

FTX Sells Up to 30 Million SOL Tokens at $64 Each, Marking a Significant Discount from Current Market Price

In a move that has captured the attention of cryptocurrency enthusiasts worldwide, FTX, a major player in the digital asset exchange arena, has reportedly offloaded between 25 million to 30 million Solana (SOL) tokens. The sale, executed at a price of $64 per SOL, represents a significant discount from the

"Ethena Labs Boosts USDe Stablecoin with Bitcoin Integration: Aiming for $10 Billion Market Cap"

Ethena Labs has recently announced a significant enhancement to the backing of its USDe stablecoin by integrating Bitcoin as an additional asset for collateral. This strategic move is aimed at propelling the stablecoin's capitalization to an ambitious $10 billion. As the issuer of USDe, Ethena Labs believes that incorporating Bitcoin

Galaxy Digital Announces $100 Million Venture Fund for Cryptocurrency Innovations

Galaxy Digital is set to launch a $100 million venture fund, marking a significant move to foster growth within the cryptocurrency sector. The fund, named Galaxy Ventures Fund I, is designed to provide crucial support to early-stage crypto projects, helping them navigate the complexities of the digital asset landscape. Over

Camp Network Completes $4 Million Seed Funding Round Led by Maven 11 Capital for Entertainment-Focused Blockchain Platform

Camp Network, an emerging modular Layer 2 blockchain initiative, has successfully closed its seed funding round, amassing $4 million under the leadership of Maven 11 Capital. Designed as a decentralized network with a keen focus on the entertainment sector, Camp Network introduces a novel platform that enables the monetization of

Sharpe AI Forms Strategic Partnerships with Paradex and AIOZ W3S to Enhance Trading Solutions

Sharpe AI, a pioneering protocol offering advanced trading tools with AI integration, has announced its strategic partnerships with AIOZ W3S and Paradex. This collaboration signifies a significant step forward in leveraging artificial intelligence and blockchain technology to provide traders with unparalleled insights and capabilities. Through its integration with AIOZ W3S,

The Unseen Potential of Meme Coins: A Perspective from BitMEX's Arthur Hayes

In an insightful commentary that might change the way many view the world of cryptocurrency, Arthur Hayes, the co-founder of BitMEX, has come forward with a compelling argument in defense of meme coins. Traditionally dismissed by critics as "stupid and useless," these digital assets have been the subject of much

Google Integrates Crypto Wallet Tracking and Balance Viewing into Its Search Engine

Google Corporation has recently enhanced its search service by integrating a new feature that enables users to track cryptocurrency wallets by their addresses and view their balances. This service covers a range of popular networks including Bitcoin, Arbitrum, Optimism, Polygon, Avalanche, and Fantom. When a wallet address is entered into

The UK’s Crackdown on Crypto Memes: FCA’s Warning to Content Creators

In a significant move that underscores the tightening regulatory landscape for cryptocurrency promotions, the UK's Financial Conduct Authority (FCA) has issued a stark warning aimed directly at the creators of cryptocurrency-related memes. The regulatory body's latest advisory makes it clear that any form of cryptocurrency advertisement, including those circulated on

"KuCoin Faces $882 Million Withdrawal Amid US DOJ Accusations"

In a significant financial shift, the KuCoin exchange has experienced a substantial capital outflow following accusations by US authorities. The exchange is under scrutiny for alleged unregistered operations, violations of the Bank Secrecy Act, and facilitating money laundering. According to Nansen, a data analytics portal, this turbulence has led to

London Stock Exchange to Launch Cryptocurrency ETNs in May 2024

In a groundbreaking move set to redefine the landscape of digital asset trading in the UK, the London Stock Exchange (LSE) has officially announced the launch date for its cryptocurrency Exchange-Traded Notes (ETNs). Beginning on May 28, 2024, the LSE will offer trading in Bitcoin and Ethereum ETNs, marking a

Binance Exits Russian Market: A Strategic Shift Towards Global Compliance and Web3 Expansion

Binance, the global cryptocurrency exchange, has officially announced its decision to exit the Russian market by selling its entire Russian business segment to CommEX. This strategic move underscores Binance's commitment to aligning its operations with global regulatory standards and its focus on fostering the development of the Web3 industry worldwide.

"Montenegro's Prosecution Challenges Extradition Decision of Do Kwon"

In a significant move, the Prosecutor's Office of Montenegro has lodged an appeal with the Supreme Court, seeking to overturn the extradition order of Do Kwon. The department has raised concerns, stating that the decision for a simplified extradition procedure could only have been made by the Minister of Justice.

"Record-Breaking CryptoPunks Sale: A Deep Dive into the $17 Million NFT Transaction"

In a striking testament to the enduring allure of digital art and collectibles, a CryptoPunks NFT has recently changed hands for a staggering sum of $17 million. This sale not only underscores the collection's significance in the NFT space but also highlights the burgeoning interest in blockchain-based assets. The NFT,

Legal Battle Intensifies: Sam Bankman-Fried's Defense Challenges 50-Year Sentence Proposal

In a recent development that has captivated the financial and legal sectors alike, the defense team for Sam Bankman-Fried (SBF), the embattled founder of FTX, has vociferously objected to the U.S. prosecutors' recommendation for a 50-year prison sentence. This stance was taken in response to the U.S. prosecution's

"Revolutionary Turn in Crypto: SLERF Meme Coin Developer Burns Airdrop Tokens Amid Investor Outcry"

In a surprising turn of events, the founder of Slerf has incinerated all tokens initially allocated for airdrop purposes, leaving the crypto community in shock. This drastic move came to light through an announcement on X (formerly known as Twitter), where the developer detailed the unfortunate mishap that led to

"The Memecoin Misadventure: A $152,000 Lesson in Crypto Volatility"

In an astonishing turn of events, an anonymous trader's foray into the volatile world of memecoins ended in a staggering loss of $152,000 over just three days. The financial debacle unfolded on the blockchain, with Lookonchain reporting the rapid descent from a substantial investment to a significant deficit. The

Arbitrum Foundation Launches $380 Million Gaming Catalyst Initiative

The Arbitrum Foundation is setting its sights on the burgeoning blockchain gaming sector with a substantial investment plan designed to nurture and accelerate the development of gaming projects within its ecosystem. The foundation has announced the inception of the Gaming Catalyst program, a two-year initiative endowed with 200 million ARB

"Tripling Cryptocurrency Market Capitalization: Bernstein's Bold Prediction for 2025"

Bernstein analysts forecast a significant surge in the cryptocurrency market capitalization, expecting it to triple by the year 2025. This bullish outlook also extends to Robinhood shares, which are predicted to rise to $30, and the assets under management for spot Bitcoin ETFs, anticipated to reach a staggering $300 billion

Coinbase's Strategic Expansion: Launching a $1 Billion Bond Offering to Propel Growth and Acquisition

Coinbase, a leading player in the cryptocurrency market, has officially announced its ambitious plan to issue $1 billion in bonds with a maturity date set for 2030. This strategic financial maneuver is designed to enhance the company's liquidity and support its expansionary goals, including debt repayment and the acquisition of

"zkLink Unveils Nova: The Revolutionary L3 Solution Bridging Rollup Networks for Enhanced Ethereum Ecosystem"

zkLink has officially announced the launch of its public mainnet, Nova, marking a significant milestone in the blockchain industry. As an L3 solution aimed at connecting rollup networks, Nova is set to revolutionize the way developers and users interact with the Ethereum ecosystem. Developed by the zkLink team, Nova stands

"Awakening of a Bitcoin Giant: A Staggering $168.5 Million Transaction After Eight Years of Dormancy"

After more than eight years of silence, a bitcoin behemoth has made its presence felt in the cryptocurrency market. This entity, often referred to as a bitcoin whale, has awakened from its slumber, executing a massive transaction that has caught the attention of the crypto world. On March 10, 2024,

"Kamino Finance Announces Upcoming KMNO Airdrop Event in April"

Kamino Finance, a notable DeFi protocol built on the Solana network, has officially declared its plans to conduct an airdrop event for its KMNO token in April 2024. This eagerly awaited event will follow a crucial snapshot scheduled for March 31, during which the participating team will earmark a substantial

"Hedgehog Protocol Secures $1.5 Million in Pre-Seed Funding to Enhance Ethereum Efficiency"

In a recent strategic move, the Hedgehog Protocol successfully raised $1.5 million during its pre-seed funding round. This significant financial milestone has attracted attention from notable investors, including Lido Finance's founder, along with venture firms Marshland Capital, Tenzor Capital, Prometeus Ventures, and others. The funding underscores the growing interest

Binance US laid off 200 employees due to SEC lawsuit

In a significant development that underscores the mounting pressures within the cryptocurrency sector, Binance.US, the American division of the globally renowned cryptocurrency exchange Binance, has announced the layoff of 200 employees. This drastic reduction, which accounts for two-thirds of the company's staff, has sent ripples through the industry, highlighting

SEC Postpones Decision on BlackRock and Fidelity's Spot Ethereum ETF Proposals, Analysts Eye May for Final Verdict

In the dynamic world of cryptocurrency investments, the U.S. Securities and Exchange Commission (SEC) has once more deferred its verdict on the highly anticipated spot Ethereum Exchange-Traded Funds (ETFs) submitted by finance giants BlackRock and Fidelity. This decision, announced through filings on March 4, represents another pause in a

Binance Faces Potential $10 Billion Fine in Nigeria Amid Accusations of Operating Without a License and Currency Manipulation

In a significant development that has caught the attention of both financial and cryptocurrency markets worldwide, Binance, the global cryptocurrency exchange, is currently under investigation by Nigerian authorities. The investigation stems from accusations that the exchange has been operating without the requisite license and has been instrumental in the depreciation

JPMorgan Predicts Bitcoin Price Drop to $42,000 Post-Halving

In a recent analysis, financial experts at JPMorgan have projected a significant decrease in the value of Bitcoin, forecasting a potential drop to $42,000 following the upcoming halving event. This projection has been detailed in a report by The Block, highlighting the anticipated effects of the halving on the

Record-Breaking $2.4 Billion Trading Volume for Spot Bitcoin ETFs: A Historic Milestone

February 6th witnessed a groundbreaking achievement in the cryptocurrency market as the trading volume for spot Bitcoin ETFs soared to an unprecedented $2.4 billion, setting a new historical record. This milestone was first reported by Bloomberg's analyst Eric Balchunas, who highlighted the significance of this surge in trading activity.

Legal Team of SBF Seeks to Cap Prison Sentence at 6.5 Years, Citing Philanthropy and Remorse

In a notable legal move, the attorneys representing Sam Bankman-Fried (SBF), the former CEO of the FTX exchange, have made a formal request to the court to limit his potential prison sentence to a maximum of 6.5 years. This request comes ahead of the scheduled court hearing on March

Spot Bitcoin ETFs Shatter Trading Records with $2.4 Billion in Daily Volume

On February 26, 2024, the trading world witnessed an unprecedented event as the cumulative trading volume of spot Bitcoin ETFs soared to a staggering $2.4 billion. This remarkable achievement was highlighted by Bloomberg analyst Eric Balchunas, marking a new historic peak for these investment products. Leading the charge in

"Valkyrie CIO Foresees Potential 1-2 Year Wait for Spot Ethereum ETF Approval Amidst Crypto Industry's Regulatory Evolution"

In the evolving landscape of cryptocurrency investments, the anticipation for a spot Ethereum exchange-traded fund (ETF) continues to grow. However, according to Valkyrie Investments' Chief Investment Officer, Steven McClurg, expectations for an immediate approval might be set too high. In a recent interview with The Block, McClurg projected a timeline

Michael Saylor Remains Bullish on Bitcoin, Rejects Selling Strategy for MicroStrategy's Holdings

In a determined stance against divesting from the digital currency landscape, Michael Saylor, the founder of MicroStrategy, has vocally reinforced his commitment to Bitcoin, labeling it as a "strong asset." During an enlightening interview with Bloomberg, Saylor articulated his viewpoint, which is steeped in a profound belief in Bitcoin's enduring

UK to Introduce Stablecoin Legislation Within Next Six Months, Signals Shift in Crypto Regulation

In a significant move towards enhancing the regulatory framework for digital assets, the UK is poised to introduce legislation on stablecoins within the next six months, according to politician Bim Afolami. This announcement underscores the UK government's commitment to expedite the regulatory process and align digital assets with existing payment

Coinbase CEO Outlines Company's Ambitious Growth and Strategic Focus for 2024 Following a Strong Performance in 2023

In a detailed overview of the past year and a forward-looking statement on the future, Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, articulated the company's trajectory and strategic plans for 2024. Armstrong's comments came during a comprehensive review of the firm's financial results for the fourth quarter of 2023,

VanEck Submits Updated Application for its Spot Ethereum ETF Amidst a Competitive Landscape

In a strategic move to advance its position in the burgeoning cryptocurrency ETF market, VanEck has recently submitted an updated application for a spot Ethereum ETF, aiming to secure approval from the United States Securities and Exchange Commission (SEC). This development marks a significant step for VanEck as it navigates

Aptos Foundation and Jambo Unveil $99 JamboPhone, Pioneering Web3 Access in Emerging Markets

In a groundbreaking move aimed at democratizing access to the digital economy, the Aptos Foundation has announced a strategic partnership with technology firm Jambo, culminating in the launch of the JamboPhone. Priced at an affordable $99, the smartphone is available for order in over 40 countries worldwide, marking a significant

Jerome Powell supported the regulation of Stablecoins in the US

In an era of unprecedented digital transformation, the potential introduction of a Central Bank Digital Currency (CBDC) in the United States has been a topic of much debate and discussion among policymakers, financial experts, and the public at large. Recently, Federal Reserve Chairman Jerome Powell provided a crucial update to

Experts Declare Bitcoin's Resilience to the Fed's Policy

Truflation has released a report on inflation and Federal Reserve policy, indicating that high-risk assets have become more resilient to interest rate hikes. However, experts have stated that the regulator will not be easing its policy at least until May or June 2024. High-risk assets, notably Bitcoin, have become more

Fear and Greed Index Hits November 2021 Highs

Over the past day, the Fear and Greed Index has surged by nine points, marking a 16-point increase since the beginning of the month. This indicator has now reached a new high since November 2021. On February 13, 2024, the Fear and Greed Index soared to 79 points, matching the

China's Bitcoin Miners Seek New Horizons in Ethiopia's Power Landscape

In the dynamic realm of cryptocurrency mining, the quest for affordable and sustainable energy sources is a perpetual journey. Recently, Ethiopia has emerged as an unexpected destination for Chinese bitcoin miners, drawn by the country's enticing combination of low electricity tariffs and amicable diplomatic ties with the People's Republic of

US Lawmakers on Brink of Historic Stablecoin Regulation Deal: A Waters-McHenry Initiative

In what could mark a significant milestone in the regulation of stablecoins, US lawmakers are reportedly on the cusp of passing a long-anticipated bill. Democratic Representative Maxine Waters has indicated that negotiations, involving key figures such as Federal Reserve representatives and House Financial Services Committee Chair Patrick McHenry, have reached

MicroStrategy's Strategic Bitcoin Moves: A Deep Dive into Q4 2023 Financial Report

MicroStrategy, the renowned business intelligence firm led by former CEO Michael Saylor, has recently unveiled its Q4 2023 financial report, shedding light on its ongoing Bitcoin investments. The disclosure not only showcases the company's steadfast commitment to the leading cryptocurrency but also underscores its strategic foresight in navigating the volatile

Ripple Labs Ordered by Court to Provide Financial Reports to SEC

Legal Battle Over XRP Continues Amid Regulatory Pressure In a recent legal development, Ripple Labs has been directed by a court to furnish the U.S. Securities and Exchange Commission (SEC) with its financial reports for the years 2022-2023. This decision comes as part of an ongoing legal saga between

Extradition of Terraform Labs' Former CFO to South Korea: A Detailed Overview

In a significant development within the international legal community, Han Chang Joong, the former Chief Financial Officer (CFO) of Terraform Labs, has been extradited to South Korea from Montenegro. This move follows the approval of his extradition by the Montenegrin Ministry of Justice, marking a pivotal moment in a saga

Facebook та Instagram

In a significant shift toward mainstream acceptance of cryptocurrency-related products, social media giants Facebook and Instagram are reportedly on the verge of allowing the advertising of bitcoin Exchange Traded Funds (ETFs). This move, hinted at by Nate Geraci, the president of investment advisory firm ETF Store, signifies a potential change

Cryptocurrency Influencer Ben Armstrong to End Crypto Show Amid Financial Struggles

In a surprising turn of events that has rippled through the cryptocurrency community, Ben Armstrong, widely known as BitBoy Crypto, has announced he will be discontinuing his cryptocurrency-focused content. Armstrong, a prominent YouTube blogger and crypto influencer, cited severe financial difficulties as the primary reason for stepping away from his

Ripple Experiences $105 Million Hack, Impacting XRP Prices

In a startling revelation that has sent shockwaves through the cryptocurrency world, the Ripple platform has been compromised in a significant security breach. According to the crypto expert known as ZachXBT, hackers infiltrated the Ripple system, resulting in a staggering loss of approximately 213 million XRP, valued at around $105.

German Police Seize $2.2 Billion in Bitcoin from Pirate Site Operators

In a landmark operation, German police authorities have confiscated an astonishing 50,000 BTC, valued at approximately $2.2 billion, in relation to a case involving illegal digital content distribution. This seizure represents the largest cache of cryptocurrency assets ever confiscated in the country's history. The Dresden General Prosecutor's Office

OpenSea CEO Does Not Rule Out Possibility of Company Sale

Introduction In a recent statement, OpenSea CEO Devin Finzer opened up about the potential future directions of the company, including the possibility of an acquisition. This revelation comes amid the evolving landscape of the NFT (Non-Fungible Token) market, where competition and legal challenges continue to shape the industry. OpenSea Considers

BeFi Labs and UniSat Wallet Forge Strategic Partnership to Enhance Cryptocurrency Trading and Storage

In the ever-evolving landscape of cryptocurrency, strategic alliances are pivotal in shaping the future of digital asset management. One such groundbreaking partnership has emerged between BeFi Labs and UniSat Wallet, heralding a new era in the realm of Bitcoin trading and storage. This collaboration integrates the innovative BeFi Labs terminal,

The Privacy Nightmare of Modern Cars: Vitalik Buterin's Warning and the Mozilla Foundation Report

In a world where technology is rapidly advancing, privacy concerns are increasingly coming to the forefront. One of the most vocal figures in the tech community, Vitalik Buterin, co-founder of Ethereum, has recently raised concerns about modern automobiles, labeling them a "privacy nightmare." Buterin's statement on his account referenced a

Diverse Views Emerge on SEC's Approval of Spot Ethereum ETFs

Introduction: The world of cryptocurrency is abuzz with the latest developments surrounding the U.S. Securities and Exchange Commission's (SEC) stance on spot Ethereum Exchange-Traded Funds (ETFs). Fox News reporter Eleanor Terrett has brought to light the contrasting perspectives and opinions among stakeholders in this evolving story. Conflicting Views on

BeFi Labs Announces Strategic Partnership with SatoshiVM

BeFi Labs, a pioneering force in the world of cryptocurrency trading terminals, has taken a significant step forward in expanding its market presence and enhancing its service offerings. The company recently announced a new partnership with SatoshiVM (SAVM), a move that marks a significant development in the realm of digital

Arthur Hayes Predicts a Drop in Bitcoin Price Below $40,000

Arthur Hayes, the co-founder of the BitMEX exchange and a noted cryptocurrency expert, has recently made a bold prediction regarding the future of Bitcoin's value. He anticipates a significant drop in the price of Bitcoin, foreseeing it to fall below the $40,000 mark. This prediction is particularly noteworthy as

MetaMask Introduces Ethereum Node Deployment Capability: A Game-Changer for Crypto Enthusiasts

In a significant move that promises to reshape the landscape of Ethereum staking, ConsenSys, the developer behind the popular MetaMask wallet, has unveiled a groundbreaking service. This innovative offering is designed to simplify the process of launching Ethereum validator nodes, while ensuring secure management of resources. This development represents a

Bitcoin Surpasses Silver to Become the Second Largest Commodity ETF in the U.S.

The world of finance is witnessing a monumental shift as Bitcoin makes a groundbreaking stride, surpassing silver to become the second-largest commodity ETF (Exchange Traded Fund) in the United States. This remarkable achievement underscores the growing acceptance and integration of cryptocurrencies into the mainstream financial ecosystem. At the forefront of

The Future of Bitcoin: Speculations by JPMorgan's CEO on Satoshi's Influence and the 21 Million BTC Cap

In a recent statement at the forum in Davos, JPMorgan's CEO James Dimon raised a speculative possibility that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, might have the capability to alter the fundamental limit of Bitcoin's maximum supply, which is currently set at 21 million coins. This statement by one

Tether Responds to UN Report: A Closer Look at the Controversy

Introduction Tether, the company behind the popular USDT cryptocurrency, has publicly responded to a recent report by the United Nations Office on Drugs and Crime (UNODC). The UN report highlights the role of cryptocurrencies like USDT in illegal activities, sparking a debate about the impact of digital currencies on global

Poland's Leap into Crypto Regulation: Aligning with EU Standards for a Safer Digital Future

In an era where digital currencies are redefining the financial landscape, Poland is taking a significant step towards integrating with the European Union's (EU) evolving regulatory environment. The Polish government is gearing up to unveil a comprehensive cryptocurrency regulation bill, marking a major shift in the nation's approach to digital

GameStop to Shut Down Its NFT Marketplace Amid Regulatory Uncertainty

GameStop Corp., a renowned name in the gaming industry, has announced a significant shift in its digital assets strategy by deciding to close its Non-Fungible Token (NFT) marketplace on February 2, 2024. This decision marks a major turn for the company, which had been exploring the intersection of gaming and

"The Landmark of Digital Currency: Celebrating 15 Years Since the First Bitcoin Transaction"

Fifteen years ago, on January 12, 2009, a groundbreaking event unfolded in the digital world, marking the beginning of a new era in financial transactions. This was the day Satoshi Nakamoto, the enigmatic founder of Bitcoin, initiated the very first transaction of the cryptocurrency. It was a modest but monumental

"The Decline of the Turkish Lira: A Comprehensive Analysis of Its Record Low Against the U.S. Dollar"

Introduction The Turkish lira's continued descent in the global currency market has become a focal point for economic discussions, especially following its recent record low against the U.S. dollar. On a fateful Thursday, the lira plummeted to an unprecedented rate of 30.005 against the dollar, just before noon

Web3 AI Data Marketplace Ta-da Raises $3.5M for Expansion: A Comprehensive Overview

In an era where artificial intelligence (AI) is reshaping industries, access to quality data has become a golden asset. Recognizing this need, Ta-da, a pioneering AI data marketplace, has recently raised a staggering $3.5 million. This investment, spearheaded by Morningstar Ventures, marks a significant milestone in Ta-da's journey to

VanEck and Bitwise Gear Up for Bitcoin ETF Launch with Over $200 Million in Seed Capital

In a groundbreaking move for the cryptocurrency market, investment firms VanEck and Bitwise are making significant strides towards the launch of their Bitcoin Exchange Traded Funds (ETFs). Recent filings with the Securities and Exchange Commission (SEC) revealed that VanEck and Bitwise have seeded their Bitcoin ETFs with $72.5 million

Boeing's Crisis: Shares Tumble as FAA Grounds 737 Max 9s After Alaska Airlines Incident

Introduction In a dramatic turn of events that rocked the aviation world, Boeing shares plummeted by 8% in premarket trading, following a decision by the Federal Aviation Administration (FAA) to ground dozens of Boeing 737 Max 9 aircraft. This decision came in the wake of an alarming incident involving an

Security Breach at CertiK: Implications and Responses to the Twitter Account Hack

Introduction In a startling incident that has shaken the world of blockchain security, CertiK, a leading audit company, recently fell victim to a cyber attack. The company's official Twitter account was compromised, and attackers leveraged this access to disseminate false information concerning a Uniswap Router hack, coupled with a phishing

Alibaba: From Wall Street Darling to Uncertain Future Amidst Tech and Political Challenges

IntroductionOverview of Alibaba’s recent struggles.The 75% plunge in stock value over three years.Context of Alibaba’s previous success with the world’s largest IPO in 2014.Section 1: The Fall in Market ValueDetailed analysis of Alibaba’s declining stock.Comparison with rivals like PDD and the broader

Apple Suppliers' Stocks Tumble in Asia Following Barclays Downgrade

Introduction: Shares of key Apple Inc. suppliers experienced a significant decline in Asia on Wednesday, triggered by a downgrade from Barclays over concerns about weakening demand for Apple products. The downgrade comes amidst growing apprehension about the global economic outlook and its impact on consumer spending, particularly in the technology

Rising Tensions: Oil Prices Surge as Iranian Warship Enters Red Sea Amid U.S. and Houthi Conflicts

Introduction In a recent escalation of tensions in the Middle East, oil prices have witnessed a sharp rise following Iran's decision to dispatch a warship to the Red Sea. This move comes on the heels of a U.S. Navy operation against Iran-backed Houthi rebels, underscoring the fragile stability in

India's Crackdown on Unlicensed Crypto Exchanges: Binance and Others in the Spotlight

Introduction: The Indian Financial Intelligence Unit (FIU) has escalated its regulatory oversight in the cryptocurrency domain, targeting several prominent international crypto exchanges for operating without proper licenses. This move reflects the increasing global scrutiny over digital currency platforms and their compliance with local financial regulations. Background: Cryptocurrency has seen a

"Crypto Market Sees Green: Analyzing Today's Positive Trends"

Introduction Brief introduction to the current state of the market.Overview of BTC and ETH prices.Mention of market capitalization and key indices (Bitcoin dominance, Fear and Greed Index, Altseason Index).Section 1: Market Overview Detailed analysis of BTC's current performance.Factors influencing BTC's price.Historical comparison to past performances.

Double Trouble: Mt. Gox's System Glitch Leads to Double Payments

IntroductionBrief overview of the situation: Some Mt. Gox creditors reportedly received double payments due to a system issue.Mention of the Reddit board r/mtgoxinsolvency where users first reported the issue.Introduction to Mt. Gox's history and relevance in the crypto world.Background of Mt. GoxHistory of Mt. Gox as

Japan's Bold Move: Eliminating Corporate Tax on Unrealized Crypto Gains

Tokyo, Japan - In a groundbreaking decision, Japan's Cabinet has approved significant revisions to the nation’s tax regime, notably the elimination of corporate tax on unrealized gains from cryptocurrencies. This move, pending lawmaker approval in January 2024, marks a pivotal shift in Japan's approach to digital assets and could

"Argentina Embraces the Future: Legalizes Bitcoin for Contract Settlements Amid Economic Reform"

IntroductionContextual Setup: Introduce Argentina's economic background, touching upon its struggles with hyperinflation and a weakened economy.Announcement Details: Briefly mention the recent legalization of Bitcoin and other cryptocurrencies for contract settlements.Section 1: The AnnouncementOfficial Statement: Detail Diana Mondino's announcement and its implications.Legal Framework: Explain the contents of the

"Morning Market Update: A Mixed Outlook with Bitcoin and Altcoins Showing Varied Trends"

Introduction Overview of the Market: Brief introduction about the current state of the cryptocurrency market. Mention the sideways trend, with some altcoins in green and others in red.Current Prices: Highlight the current trading prices of Bitcoin (BTC) at around $43,700 and Ethereum (ETH) at around $2,200.Market

Bitcoin ETFs Won’t Be a Threat to MicroStrategy, Saylor Says

Co-founder says leverage and no fees make the stock attractive Software maker pursues dual strategy with Bitcoin purchases In a recent interview with Bloomberg TV, MicroStrategy Inc. executive chair and co-founder Michael Saylor articulated his confidence in the enduring attractiveness of his company to investors seeking exposure to Bitcoin, even

US Court Orders Binance and Former CEO CZ to Pay $2.7 Billion in Landmark Settlement

Introduction Summary of the court's decisionThe settlement amount for Binance and CZBackground of the Case The initial lawsuit by the CFTC against Binance and CZCharges and allegationsDetails of the Settlement Breakdown of the settlement amountsCZ's personal penaltyBinance's disgorgement and penaltyCZ’s Legal Battles and Resignation CZ stepping down from BinanceHis

FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation

In a significant move, the debtors of the defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization. This plan proposes that customer asset claims should be valued retroactively to November 11, 2022, the date of the exchange’s collapse. The plan aims to use a conversion

Philippines SEC Initiates Countdown for Binance Ban Amidst Regulatory Compliance Issues

Introduction: In an unforeseen move that sent ripples through the cryptocurrency market, the Philippines Securities and Exchange Commission (SEC) has officially commenced a countdown for a ban on Binance, one of the world's largest cryptocurrency exchanges. This decision, announced by SEC head Kelvin Lee during a panel discussion on December

Coinbase International Exchange to Launch Spot Markets for Non-US Customers

Exciting Expansion for Global Crypto EcosystemSummary: Coinbase International Exchange announces the launch of non-US spot markets, a significant move aimed at catering to the unique needs of its global user base. This marks a pivotal step in Coinbase's strategic mission to provide international access to trusted crypto products and services.

KuCoin will pay a $22 million fine and leave NYC

Introduction Briefly introduce the news: KuCoin's decision to exit New York and the settlement of $22 million.Mention the lawsuit filed by Attorney General Letitia James and the reasons behind it.Highlight the impact on New York users and the broader context in the crypto industry.Background of KuCoin and

Bitcoin BTC Price Dumps Creating $400M in Liquidations & Taking The Market Down

Introduction Overview of the Bitcoin crashImmediate impact on the marketDetailed Analysis of the Crash Time and extent of the Bitcoin price dropImpact on other cryptocurrenciesLiquidation data and its implicationsMarket Context and 2023 Overview Bitcoin's performance in 2023Comparison with previous trendsFactors Influencing the Crash Role of US inflation data and Fed's

"Morning Market Analysis: Cryptocurrencies Dip, Investors Navigate Volatile Waters"

Introduction Overview of current market conditions.Brief mention of Bitcoin and Ethereum's trading prices and total market capitalization.Market Performance OverviewDetailed analysis of Bitcoin's current status, including recent price movements and historical context.Examination of Ethereum's performance, exploring factors influencing its price.Overview of other significant altcoins and their performance.

Sotheby’s Breaks New Ground with First Bitcoin Ordinals Sale: The Dawn of a New Era in Digital Art

Introduction In a pioneering move blending art and technology, Sotheby’s, a titan in the world of art auctioneering, has announced its first-ever auction of Bitcoin Ordinals. This groundbreaking event puts a spotlight on BitcoinShrooms, a distinctive collection from the enigmatic artist Shroomtoshi, which has garnered significant attention for its

Solana's Saga Smartphone: High Hopes Meet Market Realities

Introduction:In a surprising twist to the tech and cryptocurrency markets, Solana Labs' Saga smartphone, despite garnering positive reviews, has faced dramatically underwhelming sales. This development was brought to light in an interview with Solana Labs co-founder Anatoly Yakovenko by Unchained Crypto's Laura Shin on December 5. The Launch of

Helio Protocol and Synclub Emerge as LISTA DAO: A New Era in Decentralized Finance

Introduction Overview of Helio Protocol and Synclub's rebranding to LISTA DAO.Announcement of token rebranding.Introduction to Ethereum deployment on their network.Background of Helio Protocol and Synclub History of Helio Protocol and Synclub.Previous achievements and milestones.Reasons behind the merger and rebranding.Details of the Rebranding Explanation of

IRS Criminal Investigation Unit Is Taking on More Crypto Tax Cases

IntroductionOverview of the IRS Criminal Investigation Unit's increased focus on cryptocurrency-related tax evasion.Mention the recent surge in crypto-related tax cases.BackgroundBrief history of the IRS and its role in tax enforcement.Introduction to the IRS Criminal Investigation Unit.The rise of cryptocurrency and its challenges for tax enforcement.Recent

Morning News Roundup

Introduction:In today's morning news roundup, we delve into the latest happenings in the world of finance and technology, with a special focus on the dynamic sphere of cryptocurrencies. From Bitcoin's new all-time high to the upcoming Solana Community Meetup, and the evolving landscape of crypto regulations, these stories are

"Market Turbulence Leads to $208 Million Liquidation: BTC and ETH Show Volatility"

Introduction Summarize the key event: $208 million liquidation in the crypto market.Mention the updated yearly all-time high (ATH) of BTC at $41,700 and its current trading price around $41,500.State ETH's current position at around $2,250.Highlight the number of traders affected: approximately 75,000.Background

The KyberSwap hacker demanded full control of the project

Introduction Brief overview of the incident involving KyberSwap.Introduction of the hacker's demands.Background on KyberSwap Description of KyberSwap as a platform.Its role and significance in the cryptocurrency market.Details of the Hack Timeline of the hack.Technical details of how the hack was carried out (if available).The

Forbes Embraces Blockchain: The 30 Under 30 List Makes a Revolutionary Shift to Ethereum

IntroductionIn a groundbreaking move, Forbes magazine has announced that its prestigious 30 Under 30 ranking, a spotlight on the world’s most influential young innovators, entrepreneurs, and leaders, will be released on the Ethereum blockchain. This decision not only marks a significant step in the integration of traditional media with

SEC advances decision process on Franklin Templeton’s Bitcoin ETF application

Introduction Overview of the SEC’s decision-making process advancementBackground of Franklin Templeton’s Bitcoin ETF applicationFranklin Templeton's Application Overview of Franklin Templeton as an asset managerDetails of the Bitcoin ETF applicationReasons for the SEC's extended review periodSEC’s Review Process Criteria for SEC’s review: Investor protection and market integrityThe

"Vitalik Buterin on AI: Balancing Risks with Human Intervention"

Outline:Introduction Overview of Vitalik Buterin's thoughts on AI risks.Mention of his November 27 blog post.Buterin's Perspective on AI Discussion of AI as a fundamentally different invention.Reference to the 2022 survey and the potential risks of AI surpassing human intelligence.AI as the Next Apex Species: Examining

Trust Wallet

Introduction Overview of Trust Wallet and its recent initiatives.Introduction of Wallet-as-a-Service (WaaS) and its significance.Development of Wallet-as-a-Service (WaaS) Details about WaaS and its API offerings for corporate clients.The role of WaaS in promoting decentralized applications.Collaboration with Binance Discussion on Trust Wallet's collaboration with Binance.The strategic

"Will Blast Terminal 2 Within 48 Hours": Mumbai Airport Gets Threat Email

troduction: Briefly introduce the threat received by Mumbai International Airport, highlighting the key details: the threat to blow up Terminal 2, the demand for USD 1 million in Bitcoin, and the timeframe of 48 hours.Details of the Threat: Describe the email received by Mumbai International Airport Limited (MIAL).Include

South Korea Embarks on a Pioneering Journey: Launching a 100,000-Participant CBDC Pilot in Early 2023

Introduction In a groundbreaking move, South Korea is poised to launch a pilot program for a central bank digital currency (CBDC) in the first quarter of 2023. This initiative, a collaboration between the Bank of Korea (BOK), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS), will enlist

Binance to Support Major Qtum Network Upgrade and Hard Fork

In a move signaling its continued commitment to supporting diverse blockchain ecosystems, Binance, one of the world's leading cryptocurrency exchanges, has announced its support for the upcoming Qtum (QTUM) network upgrade and hard fork. This significant development is set to occur at block height 3,385,122, estimated around November

DAO Maker

Introduction Overview of DAO Maker and its significance in the cryptocurrency world.Brief introduction to the concept of a Strong Holder Offering (SHO) and its importance in crypto fundraising.Introduction of the new SHO - Rebase, an AR app.The Concept of Rebase and Its Innovation Explanation of what Rebase

Bitcoin-friendly Javier Milei Wins Argentina Presidential Election

BUENOS AIRES, ARGENTINA — In a historic turn of events, Argentina's Bitcoin (BTC)-friendly candidate Javier Milei emerged victorious in the country’s presidential run-off election on November 19, decisively defeating his rival, Sergio Massa. With an almost complete vote count, Milei clinched over 55% of the votes, establishing a lead

Gulf Energy Development — Gulf Innova

Introduction Overview of the partnership between Binance and Gulf Energy Development.Brief mention of the announcement and the intentions behind the venture.Background Information Overview of Binance: Its history, global presence, and significance in the cryptocurrency world.Overview of Gulf Energy Development: Its position in the Thai energy sector and

Investment Strategy of the National Pension Service of South Korea

The recent investment strategy of South Korea's National Pension Service (NPS) in purchasing shares of the cryptocurrency exchange Coinbase has been a topic of considerable interest and analysis. The NPS, one of the world's largest pension funds, made a significant move by investing in Coinbase, reflecting a growing interest in

Boyaa Interactive Bets Big on Bitcoin and Ethereum with $100 Million Investment Plan

In a bold stride into the digital asset arena, Boyaa Interactive, a titan in China's board and card game industry, has declared its plan to channel a whopping $100 million into cryptocurrencies, namely Bitcoin (BTC) and Ethereum (ETH), within the coming year. This significant decision underscores the company's acknowledgement of

Outline for the News Story

FTX Former Executives' New Crypto Exchange Plans Background on FTX and its significance in the crypto market.Details about the former executives' plan for a new exchange.Industry reactions and potential impacts.Incrypted's Insights on PrivatBank and Monobank's Crypto Card Blockade Overview of the situation regarding the blocking of cards

Tether Mints 4 Billion USDT Stablecoins in One Month

OutlineIntroduction Overview of Tether's recent activity in minting USDT stablecoins.Mention of the latest minting events as reported by Cointelegraph and Whale Alert.Background on Tether and USDT Explanation of what Tether is and the role of USDT stablecoins in the cryptocurrency market.Historical perspective on Tether's operations and minting

Chicago Mercantile Exchange Leads the Bitcoin Futures Market with Record Open Interest

In a significant shift in the cryptocurrency futures market, the Chicago Mercantile Exchange (CME) has emerged as the new leader in Bitcoin futures in terms of open interest (OI). For the first time in two years, CME has overtaken Binance, the previously dominant player, marking a notable milestone in the

Deutsche Börse to launch cryptocurrency exchange in 2024

Deutsche Börse, a titan in the European stock exchange landscape, has announced its ambitious plan to spearhead the integration of traditional finance with the burgeoning sector of cryptocurrencies by launching a fully regulated cryptocurrency exchange in the year 2024. This strategic move underpins the exchange's vision to navigate the digital

Stablecoin Issuer Circle Eyes 2024 for Potential IPO: A Strategic Move Amidst Market Uncertainty

As the cryptocurrency landscape continues to evolve, prominent players in the industry are seeking new ways to establish themselves as enduring fixtures within the financial ecosystem. Circle, the company behind the widely-used USD Coin (USDC) stablecoin, is reportedly considering a public launch via an initial public offering (IPO) as early

The Pioneers of Digital Finance: From Binance's Expansion to LHV's Forgotten Ethereum Fortune

In the rapidly evolving realm of digital finance, two narratives have captured the industry's attention: the growth trajectory of Binance, one of the world's leading cryptocurrency exchanges, and the intriguing tale of the LHV Bank founder who, despite being an early supporter of Ethereum, lost access to his investment due

Artificial Intelligence

Artificial Intelligence (AI) has long been anticipated as the harbinger of a new era in healthcare, with the potential to enhance medical diagnostics, personalize patient care, and alleviate the burdens on healthcare systems globally. A testament to this transformative vision is the groundbreaking work being done at the Norwegian Centre

PayPal’s SEC Subpoena: Probing the Stablecoin Space

In a significant development in the financial technology sector, PayPal Holdings Inc. has disclosed that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its activities related to a potential stablecoin, possibly dubbed "PYUSD." This investigation by the SEC represents an increasing regulatory focus on

MetaTrace Revolutionizes Advertising with the Launch of a Unique Quest-Based Ad Cabinet

A New Era of Interactive and Engaging Advertising Awaits as MetaTrace Unveils Plans for an Innovative Quest Platform Introduction: In an era dominated by digital transformation, businesses are relentlessly seeking innovative ways to capture the attention of their target audience. MetaTrace, a pioneering tech company, has heeded this call by

Investment Behemoth BlackRock Gains Unprecedented Support for Its Bitcoin ETF Venture

In a remarkable stride forward, the investment powerhouse BlackRock has engaged in profound discussions with some of the world’s foremost trading entities – Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading. These prestigious firms have declared their readiness to back BlackRock’s groundbreaking spot Bitcoin Exchange-Traded Fund (ETF)

Unibot Trading Bot Suffers Massive Security Breach, Resulting in a $650,000 Loss

In a shocking turn of events, the Unibot trading bot, a popular cryptocurrency trading platform, has been compromised, resulting in a staggering loss of approximately $650,000. The project team has confirmed the exploit and has promptly suspended the platform to address the vulnerability and fix the issue. As news

Cryptocurrency exchanges

Binance, one of the world’s leading cryptocurrency exchanges, has officially announced its decision to list Celestia (TIA), an innovative and emerging digital asset. This announcement has caused a buzz in the cryptocurrency community as traders and investors anticipate the potential impact of this new addition to the Binance platform.

SEC Chairman Gary Gensler Announces Over 780 Lawsuits Filed in 2023, Over $5 Billion in Penalties Imposed

In an unprecedented legal offensive, the U.S. Securities and Exchange Commission (SEC), under the leadership of Chairman Gary Gensler, has filed more than 780 lawsuits since the beginning of the year, targeting a wide range of alleged financial misconduct. Of these, more than 500 are individual cases, underscoring the

“RUIN: Money, Ego, and Deception at FTX” - The Unraveling of Sam Bankman-Fried’s Empire

Bloomberg’s Explosive Documentary Dives Deep into the FTX Fiasco, Exposing the Man Behind the Chaos Introduction In an era where cryptocurrency promised to revolutionize the financial world, Sam Bankman-Fried (SBF) emerged as one of its brightest stars, creating a sprawling empire that seemed untouchable. That is, until it all

SEC Orders BlackRock to Pay $2.5 Million Fine for "Failure to Disclose Investment Information

The financial giant also misled investors, according to the SEC's order. The Securities and Exchange Commission (SEC), the main regulator of the U.S. securities market, has slapped BlackRock, the world's largest asset manager, with a $2.5 million fine for its "failure to disclose critical investment information" and misleading

Сryptocurrency

On Monday, the cryptocurrency market experienced a whirlwind of activity as Bitcoin (BTC) surged past the $31,000 mark, reaching a three-month high and causing a ripple effect across various digital assets. The sudden spike in prices took many traders by surprise, particularly those who had placed leveraged short positions,

Title: Capital Inflows into Crypto Funds Reach $66 Million: What This Means for the Market

As the crypto market continues to evolve and mature, investors are keenly observing the trends and capital movements within this space. According to a recent weekly report published by CoinShares, the crypto funds segment has experienced a capital inflow of $66 million between October 16th and October 22nd. This marks

Morning Market Conditions: A Green Wave Sweeps Over Crypto Landscape

NEW YORK — As dawn broke over Wall Street this morning, the cryptocurrency market shimmered in verdant shades, with the majority of altcoins comfortably nestling in the green zone. Positive momentum appears to be building up, as early risers in the crypto space witnessed Bitcoin (BTC) trading at an enticing $29,

Aptos Network Downtime Disrupts In-Network Transactions for Hours, Issue Now Resolved

The digital world experienced a significant disruption last evening when the renowned Aptos network encountered a major technical glitch. Transactions on the network came to a grinding halt on block 104621314 at around 23:11 UTC, leaving millions in uncertainty. Aptos – A Crucial Link in the Digital ChainFor the uninitiated,

Cointelegraph Retracts Rushed ETF News Following Uncorroborated Source

In a surprise turn of events, renowned cryptocurrency news outlet Cointelegraph has publicly acknowledged a lapse in its editorial process. An unauthorized news story about an Exchange Traded Fund (ETF) was rapidly published without the necessary verification of its primary source or the standard editorial endorsement. What Went Wrong? Representatives

The Cryptocurrency Challenge

As the world grapples with the multifaceted dimensions of a new age economic world, cryptocurrencies have emerged at the forefront of the debate. Over the past decade, the rapid rise of cryptocurrencies like Bitcoin, Ethereum, and numerous others has challenged the established norms of financial institutions and regulators. This tectonic

Former Voyager Digital CEO Faces US Regulator Charges over Alleged Fraudulent Claims

In a recent development that's set to rock the crypto community, Stephen Ehrlich, the former Chief Executive Officer of Voyager Digital, has been charged by the United States regulators on counts of fraud and making false claims. This piece offers a comprehensive overview of the allegations and their potential ramifications

JPMorgan Breaks Ground with Tokenized Trading: An In-Depth Look for Americans

In a digital world rapidly evolving to accommodate new financial technologies, traditional banking behemoths are being compelled to reinvent themselves. Among them, JPMorgan, one of the largest and most established banks in the U.S., is making waves in the world of blockchain and cryptocurrency. Recent announcements reveal the bank's

Fidelity Investment Report Labels Bitcoin as the Most Secure Digital Asset

Boston, MA: Fidelity Investments, one of the world's largest financial services companies, recently released a report asserting Bitcoin's supremacy over other digital assets. The report notably labeled Bitcoin as the most secure, decentralized, and reliable digital currency compared to any other digital asset available in the market. Drawing from the

How often should you wash your jeans? The Levi’s CEO settles the debate

When it comes to maintaining our wardrobe, the conversation around jeans has always been a unique one. Unlike other clothing articles that often get tossed into the wash after one or two wears, the denim debate has folks sharply divided. Some say you should never wash them, while others advocate

Ukraine Takes Strategic Steps Towards AI Regulation with a Comprehensive Roadmap

In a strategic move to set the stage for robust AI regulation, Ukraine's Ministry of Digital Transformation unveiled a detailed roadmap on Oct. 7. This comprehensive guide is primarily designed to help Ukrainian businesses gear up for the impending introduction of regulations that echo the European Union’s AI Act.

Ledger Addresses Crypto's Rough Seas by Cutting Down Its Crew

In the treacherous waters of the cryptocurrency realm, even the most seasoned ships are tightening their belts. Ledger, the well-known crypto hardware wallet manufacturer, has announced a 12% reduction in its workforce to better navigate the choppy tides of this unpredictable domain. Diving Deep into the Layoff Decision Pascal Gauthier,

Singapore: The Highs and Lows of the Crypto World

Singapore, the global financial hub and a pioneer in the adaptation and regulation of cryptocurrency, is once again in the spotlight. This time, however, it's not for the advanced tech infrastructure or the welcoming attitude towards digital currencies. Instead, it's about a major scandal that has the potential to reshape

Federal Judge Torres dismissed the SEC's appeal against Crypto Giant Ripple

In the world of cryptocurrencies, it's not uncommon for lawsuits to arise that call into question the status of a particular currency. Ripple (XRP) has found itself at the center of one such lawsuit that has caught the attention of the crypto community. And the latest turn of events in

Grayscale Seeks Transition of its Ethereum Trust to Spot ETH ETF

Introduction Grayscale Investments, a leading name in the cryptocurrency investment domain, has announced its intention to convert its Ethereum Trust to a spot Ethereum exchange-traded fund (ETF). The news has been highlighted in various financial media outlets and can be considered a significant milestone in the evolving relationship between traditional

This Automobile Giant Now Accepts Ripple (XRP) and Shiba Inu (SHIB) for Payments

The digital revolution continues to sweep across industries and disrupt traditional business models. Automobile giants, which once epitomized the peak of industrial-era achievements, are now aligning with the new-age digital revolution. Leading this pack is the Tokyo-based manufacturer of automobiles, motorcycles, and power equipment – Honda Motor Co. In an unprecedented

Web3 Cyberattacks Skyrocket: $889.26 Million Losses in Q3 Alone

The digital landscape has been hit with staggering cyber losses, pushing businesses, investors, and policymakers to rethink their security strategies. New data released by cybersecurity experts at Beosin, a leading cybersecurity firm, reveals a worrying trend: cyberattacks on the Web3 industry caused an eye-watering loss of $889.26 million in

Kraken Cryptocurrency Exchange Plans to Introduce Stock and ETF Trading in 2024

San Francisco, CA - The popular cryptocurrency exchange, Kraken, has revealed plans to venture into the world of traditional stock and ETF trading. According to a recent report by Bloomberg, the company intends to launch these new trading options on its platform in early 2024. Known for its extensive crypto

Lawmakers pressure SEC chairman over spot bitcoin ETFs

Washington, D.C.: A bipartisan group of lawmakers has mounted significant pressure on Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), urging him to promptly approve the listing of spot bitcoin exchange-traded funds (ETFs). Their contention? They believe a regulated spot bitcoin ETF would bolster

Major Cryptocurrency Exchange HTX Hit Hard by Pioneering Hack, Loses Over 5000 ETH

Insider sources and comprehensive research suggest a coordinated and sophisticated effort targeting one of the most prominent cryptocurrency exchanges. Amidst the vibrant growth and fluctuating stability of the cryptocurrency world, a significant blow has been dealt to one of the industry's prominent players. Cryptocurrency exchange HTX recently fell victim to

US, UK, and Netherlands Partner with Ukrainian Law Enforcement in Second Round of Crypto Tracking Training

Kyiv, Ukraine – In a continued effort to boost global counter-cybercrime initiatives, the U.S. Internal Revenue Service (IRS), along with its counterparts from the Netherlands and the United Kingdom, conducted a second, intensive round of training focused on tracking and investigating cryptocurrency transactions for approximately 40 Ukrainian law enforcement officers.

Binance, Zhao, and the SEC Lawsuit

Binance, a major cryptocurrency exchange, is pushing back against U.S. regulators. Both Binance and its CEO, Changpeng "CZ" Zhao, have filed a motion in a U.S. District Court seeking the dismissal of the SEC lawsuit launched against them earlier this year. They argue that the U.S. Securities

Europe’s Politicians Urged to Tackle Air Pollution Crisis by WHO's Maria Neira

According to Maria Neira, Director of the World Health Organization's (WHO) Department of Environment, Climate Change and Health, politicians across Europe have a "moral responsibility" to address the continent's alarmingly high levels of air pollution. Her comments come on the heels of a comprehensive investigation by The Guardian which found

US Crypto Regulation: A Roadblock or Catalyst for Innovation?

a16z's General Partner Arianna Simpson has sounded the alarm bells over the state of crypto regulations in the US, pointing out the adverse implications of a lack of clarity on the nation's innovative vigor in the burgeoning digital assets domain. In a candid chat with TechCrunch, Simpson expressed concerns about

Once a Global Ideal, Germany’s Economic Woes Spotlight Energy Crisis and Long-Standing Flaws

ESSEN, Germany (AP) – For decades, Germany stood tall as a beacon of economic success and stability, serving as the bedrock of Europe's financial system. Its robust export-led model allowed for the mass production and worldwide distribution of high-end commodities such as luxury automobiles and industrial machinery. However, recent shocks to

JPEX: The Ongoing Investigation and Its Impact on Cryptocurrency Trading in Hong Kong

The world of cryptocurrencies is no stranger to controversy, and a fresh chapter unfolds with the recent suspension of "Earn Trading" on JPEX, a major cryptocurrency platform based in Hong Kong. Here's what Americans need to know about this developing situation. Suspension of Earn Trading JPEX, a prominent cryptocurrency platform

Stock market today: Asian shares gain after data show China’s economy stabilizing in August

It's great! Your news story effectively presents the current economic landscape by pulling together information from multiple regions, especially with a focus on China's stabilizing economy and its potential impact on global markets. The inclusion of details such as stock market indices, currency rates, oil prices, and statements from relevant

The United States: A Challenging Landscape for Cryptocurrency Startups?

The nascent cryptocurrency industry, characterized by its decentralized nature, promise of financial democratization, and rapid technological advancements, has often grappled with regulatory challenges. A significant concern arises from the United States, often considered a hub for technological innovation, where recent regulatory stances seem to suggest a less welcoming environment for

Aviva to Divest its Singlife Joint Venture Stake for $1 Billion: What Americans Should Know

Leading British insurance company, Aviva, has recently made headlines with its announcement to divest its stake in Singlife, a joint venture, for a whopping $1 billion. This strategic move is a part of the company's broader aim to reconfigure its business and prioritize its UK, Ireland, and Canada operations. Background

PayPal

However, as the use and popularity of stablecoins has surged, regulatory concerns have also emerged. Officials are worried about stablecoins undermining traditional fiat currencies and financial systems, or being used in money laundering or to facilitate illicit activities. PayPal’s move into the stablecoin market signals that major financial institutions

Microsoft's Xbox Chief Exudes Confidence in Sealing the $69 Billion Activision Deal

In a move that has sent ripples across the tech and gaming sectors, Microsoft is inching closer to finalizing one of its most monumental acquisitions yet. The tech giant is on the brink of acquiring Activision Blizzard, a stalwart in the gaming industry, for a staggering $69 billion. Phil Spencer,

It is imperative to ensure that investors and the market are protected."

SEC spokesman, Richard Harris, in a brief statement on Thursday said, "The SEC is reviewing all available data and will make a decision in the best interest of the public. It is imperative to ensure that investors and the market are protected." However, Arkham's recent revelation might have a subtle

Inside Binance's User-Centric Culture: Prioritizing Customer Service and Compliance.

The digital currency arena has always been one of innovation and rapid change. Amidst the decentralized landscape, Binance, one of the world's leading cryptocurrency exchanges, has managed to make a name for itself not only due to its extensive trading options but also because of its relentless commitment to its

Chasing Broader Influence

Another player keen on expanding its international footprint is Dubai Ports World (DP World). As one of the world’s largest port operators, it has made inroads in areas ranging from Canada to Indonesia. These investments are in line with the vision of Sheikh Mohammed bin Rashid Al Maktoum, the

FTX's Unexpected Bankruptcy: What It Means for American Investors

Introduction In a sudden and unforeseen move, FTX, once hailed as a trailblazer in the cryptocurrency world, has declared bankruptcy. This development has raised countless questions and concerns regarding the future of cryptocurrency, as well as the broader implications for American investors and the financial landscape. The Rise and Stumble

Stroom Network

Ukrainian team of Stroom Network project has raised $3.5m in investments Ukrainian startup Stroom Network has closed  a $3.5 million seed round led by investment firm Greenfield. This was announced by the project team to Incrypted. Also participating in the round were Mission Street, Ankr Venture Division, Lemniscap,

Level 2: what is the reason and when will the hype around L2 solutions subside?

On August 9, Coinbase opened the L2 network Base to the public. Linea was launched a few weeks earlier, followed by Mantle and opBNB, and Shibarium went mainnet at the end of August. According to L2Beat, there are at least nine more L2 protocols in the pipeline. In this article

DropBox VS Cryptominers

Just recently, Dropbox has announced its decision to discontinue its unlimited storage policy on the Dropbox Advanced plan. The decision came after the company noticed a surge in users exploiting the service for cryptocurrency mining purposes and for reselling the storage space to other users. The unlimited storage offering had

Bitcoin To Touch $5,000,000 by 2050 - AI Predicts

When you're looking at Bitcoin's potential future value, the span from $20,000 to a staggering $5 million is bound to raise eyebrows. Yet, this was the prediction range that emerged from a unique interaction between a noted cryptocurrency analyst and an AI model. The Bitcoin Therapist, a prominent figure

Are You Using the Right VPN?

Virtual Private Networks (VPNs) have become indispensable tools for both individuals and businesses. They offer enhanced privacy, security, and the ability to bypass regional restrictions online. Here are some key points to consider. Check security protocols Some might use PPTP and others might use OpenVPN or WireGuard. The initial ones

OpenSea

OpenSea adds new standards for redeemable NFTs The OpenSea Marketplace announced that it has added support for four standards for redeemable NFTs. This is a category of tokens that can be exchanged for a good or service. Also, OpenSea now supports the following standards - ERC-7496, ERC-7498, SIP-14 and SIP-15.

Binance

Binance announced  that its Polish unit will serve customers from Belgium. This will be done to comply with regulatory obligations. Earlier, the Belgian regulator ordered  Binance to stop providing crypto services in the country.

Tornado Cash

Tornado Cash co-founder added to US OFAC's SDN list Roman Semenov, co-founder of scandalous mixer Tornado Cash, has been placed  on the US Treasury Department's Office of Foreign Assets Control (OFAC) SDN list. *The SDN List (Specially Designated Nationals List) is a blacklist listing people, organisations and ships with whom

Blockchains

USDC to launch on six new blockchains Circle reported  that the USDC steiblcoin will launch on 6 new blockchains - Base, Cosmos (via Noble), NEAR, Optimism and Polkadot and Polygon PoS. In the first five networks on the list, the steiblcoin will launch in September and in Polygon PoS in

Сryptocurrency

Thailand's Prime Minister will hand out $300 in cryptocurrency to every citizen Thailand's parliament has chosen Sretta Thavisin, who previously promised that he would hand out $300 in cryptocurrency to every citizen over the age of 16 if he wins, as the country's next prime minister. Residents will be able

Is bitcoin dead?

IntroductionBitcoin is a decentralized digital currency that has emerged as a disruptive innovation in the financial and technological worlds in recent years. The potential for this cryptocurrency, which has been called "digital gold," to disrupt established monetary institutions and play a pivotal role in the economy has garnered worldwide interest.

Using green technology without paying for it

IntroductionGreen technology's widespread use is accelerating transformation across various sectors in response to mounting environmental concerns. The key to a more sustainable and environmentally friendly future lies in green technology, which includes a wide variety of technologies with the same overarching goal: lowering emissions and resource use. The future of

A trader lost over $760,000 on the sale of NFT from the BAYC collection

Token #8585 from the BAYC collection was sold for 153 ETH (about $255,000) on the X2Y2 platform. In October 2022, the value of this NFT was 777 ETH ($1.02 million). Thus the former owner lost more than $760,000. In less than a year, the asset's price dropped

Opensea discontinues support for BNB Chain

NFT marketplace OpenSea has announced that it will cease support for BNB Chain. "As we evolve, we need to focus our resources on the most promising areas," the company said. Users will not be able to min and cast NFTs on the platform on this network, but can still view

Microsoft has partnered with Aptos Labs

Aptos Labs announced a partnership with Microsoft in which the parties will explore solutions related to asset tokenisation, digital payments and CBDC. The companies will also focus on areas such as artificial intelligence and Web3. Aptos added that with the tech giant's support, they will introduce the Aptos Assistant digital

Etherscan unveiled Blockscan mobile app

Blockchain observer Etherscan has announced the launch of Blockscan Chat, a mobile app that will allow users to exchange messages between Web3 wallets for informational and social purposes. According to the developers, sending and receiving messages is completely free as it is done offline.

KuCoin exchange tightened user verification rules again

KuCoin has announced stricter identity verification rules for new and regular users. They will come into effect on 31 August at 00:00 UTC. Users will now be required to upload identity documents and perform a biometric facial verification to pass basic verification.

Curve hacker may return funds - Peckshield

Peckshield noticed that the Curve hacker was sending a likely test transaction to one of the platform's developers with the message: "Please confirm that "0xbabe61887f1de2713c6f97e56762623453d3C79f67" - is your address so we don't make a mistake." So far, almost 5,000 ETH has already been transferred from the hacker's address to

1inch Network announces partnership with Ground X

Aggregator 1inch Network has announced  a partnership with fintech firm Ground X, a subsidiary of Kakao. As part of the agreement, the platform's API will be integrated into Klip, a cryptocurrency wallet popular in South Korea. The wallet offers authorisation through a social media account. It supports Klaytn, Ethereum and

Media learnt that China remains Binance's main market

China remains Binance's main market, with a 13.4 per cent share of total trading volume. There are about 911,000 active users of the exchange in China. In May 2023, Binance's trading volume in this market exceeded $90bn with a total of $670bn.

Binance

Binance has received a licence in Dubai to provide exchange services The Dubai-based subsidiary of cryptocurrency exchange Binance (Binance FZE) has received a minimum viable product (MVP) licence from the local Virtual Asset Regulatory Authority (VARA). The operating licence allows the company to provide VARA-approved services in Dubai, including exchange

Curve has been hacked for more than $40 million

A hacker exploited a re-entry vulnerability in the alETH/msETH/pETH pools, which use the Vyper 0.2.15 programming language, and hacked for more than $24 million. Also, more than $21 million was stolen from the CRV/ETH pool - 7,680 ETH and 7.2 million CRV. More

Crypto-market flooded with "UFO-coins" amid accusations against the U.S. for withholding information about UFOs

The US House of Representatives National Security Oversight Subcommittee held a hearing on unidentified anomalous phenomena. As part of the event, former member of the Pentagon's Unidentified Aerial Objects Task Force (UAP) David Pears accused the authorities of withholding information on the subject. According to him, the U.S. government

'Blessing through cryptocurrency': US couple accused of $6m scam

The Commodity Futures Trading Commission (CFTC) has accused a married couple from Tennessee of creating a fraudulent scheme involving cryptocurrencies. Michael and Amanda Griffis, owners of a real estate company in Clarksville, offered clients to invest in a pool called "God's Blessing Through Cryptocurrency." Between July 2022 and January 2023,

Arkham paid $5,000 for Do Kwon and Terraform Labs wallet data

A warrant was placed on the Arkham Exchange platform for wallet information of Terraform Labs and its co-founder Do Kwon. An unknown user and an OXT Research project analyst under the pseudonym ErgoBTC executed it, for which they received over $5000.

Coinbase will close its Borrow loan programme in November 2023

Cryptocurrency exchange Coinbase plans to fully close its bitcoin-backed lending programme by the end of November 2023. Participants in the programme are asked to close all obligations early. Coinbase's decision only affects retail customers.

The UK has abandoned a plan to equate cryptocurrency with gambling

The UK government has rejected a proposal by the House of Commons Treasury Committee to regulate cryptocurrency as gambling. The Treasury explained that the system of legal measures applicable to gambling would not eliminate the risks of the cryptocurrency segment.

Polychain Capital has raised $200 million in funding for its fourth fund

Polychain Capital has raised $200 million in funding during the "first close" of its fourth fund, which will focus on the bear market. However, the firm plans to raise approximately $400m for its initiative.

Google Cloud announced a partnership with Solana

Google Cloud and Solana have partnered to increase network performance and efficiency.

Indonesian authorities will launch a national crypto exchange

The platform is expected to go live in July, but the launch has been postponed at least twice. The chairman of the regulator has already stated that the exchange will have a KYC and transactions will be limited to the local market.

Google has allowed NFTs in Play Store-based apps

Google has published a list of changes to the Play Store that now allow the sale, purchase and earning of NFT assets. "We require apps to be transparent to users about tokenised digital assets," the company stressed.

Cboe has entered into an agreement with Coinbase

Cboe Global Markets has amended  five spot bitcoin-ETF filings. They indicate that the counterparty has entered into an SSA agreement with the Coinbase platform. The SSA is expected to improve the chances of the applications being approved by the US Securities and Exchange Commission.

ChatGPT can now send payments in bitcoins

Lightning Labs has introduced a set of developer tools that enable AI like GPT to conduct bitcoin transactions on the Lightning Network. The new capability provides additional benefits and expands the scope of AI applications, including ChatGPT.

DeFi protocol Arcadia Finance has been hacked for $455k

PeckShield, on Twitter, reported an exploit of the Arcadia Finance protocol. $455k worth of darcWETH and darcUSDC were taken out of the vault. About 180 stolen ETH were transferred to Tornado Cash, while 103 ETH remained on the wallet.

Robert F. Kennedy, Jr. acquired Bitcoin

In a recent interview, Robert F. Kennedy, Jr. spoke about his first Bitcoin acquisition. "Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way to a future where public institutions are more transparent and democratic.", says Kennedy Jr.

Do Kwon has moved 5,292 BTC

Former Terraform Labs director Do Kwon likely moved 5,292 BTC from the Luna Foundation Guard wallet, Digital Asset analysts report. The transaction was the largest movement of Terraform assets since the company collapsed.

Bitget adds cryptocurrency lending option

Cryptocurrency exchange Bitget has announced the launch of a new financial instrument on the platform - cryptocurrency loans. The company said it will meet the growing demand among investors for alternative sources of capital raising.

Hong Kong launches task force for blockchain development

The Hong Kong authorities have announced  the creation of a Task Force to promote Web3 development. The goal of the project is to extract potential benefits for many industries through blockchain technology.

UK approves legislation to regulate cryptocurrencies and stabelcoins

Britain's King Charles has signed into law the Financial Services and Markets Act. The country will now classify digital assets and stablcoins as regulated financial activities.

Miners sent $1 billion worth of bitcoins to cryptocurrency exchanges

According to CryptoQuant analysts, miners have sent  more than $1 billion worth of bitcoins to exchanges in 2 weeks. About 33,860 BTC were sent to derivatives exchanges. "Despite the high volume, these coins are not likely to enter spot exchanges. This means it will not put market pressure on

FTX begins talks to relaunch exchange

FTX is making efforts to relaunch the exchange and has begun talks to do so, WSJ writes. The company "has begun the process of engaging stakeholders to reboot FTX com," CEO John J. Ray III said.

Robinhood to lay off 7% of staff

Crypto-exchange Robinhood is reducing  its staff by about 7%, according to an official press release. The reason for the layoffs is a reduction in workload and operational tasks.

Binance will not delist anonymous coins in Europe

Binance has cancelled the delisting of anonymous coins in Europe, following a review of local legislation. The list included DASH, XMR, DCR, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM and MOB.

Belgian regulator orders Binance to stop providing crypto services in the country

Belgian regulator FSMA has ordered Binance to immediately stop providing any digital currency-related services in the country. In addition to the order, the regulator required the exchange to take steps to recover assets from the platform's local customers.

Valkyrie has applied for registration of a spot bitcoin ETF

Valkyrie Digital Assets has filed a re-application with the SEC to register a spot bitcoin ETF. The company plans to list the new ETF on Nasdaq under the ticker symbol BRRR.

New Mystic Stealer virus steals user data from crypto wallets and apps

Cyber security analysts at Zscaler and Cyfirma report that hackers created a new kind of virus, Mystic Stealer, in April this year that can steal data from 70 browser extensions and crypto-purses. The list includes MetaMask, Coinbase Wallet, Binance, Rabby Wallet, OKX Wallet, OneKey, etc. Experts suggest using quality antivirus

Mastercard files trademark application to develop cryptocurrency solutions

Payments giant Mastercard has applied to the United States Patent and Trademark Office (USPTO) for a new trademark. According to the papers, the company plans to develop software for cryptocurrency settlement and interconnectivity.

Indonesia's parliament approves trading in 500 cryptocurrencies

Indonesia's parliament has given  the green light to trade 500 cryptocurrencies. The list includes BTC, ETH, LTC, SOL, ADA, XRP, DOT, SAND, UNI and others. Unlike the US, Indonesia will not list them as securities. The assets will be traded using the same algorithm as commodity contracts on exchanges.

BlackRock close to registering a bitcoin-ETF

BlackRock, a $10 trillion asset manager, is close to filing for a bitcoin-ETF.

Arbitrage bot took a $200 million flash loan for a $3.24 profit

An unknown arbitrage bot took a $200 million flash loan on the MakerDAO platform for a $3.24 profit per trade, subject to a $30 commission charge. According to Arkham Intelligence, the bot took advantage of the "DssFlash" contract, which allows users to borrow any amount of DAI.

Sturdy Finance was hacked for $800K

PeckShield analysts reported suspicious activity in the Sturdy Finance lending protocol pool. The administration later confirmed the hack. The hacker withdrew 442.6 ETH ($769 thousand) via a Tornado Cash mixer.

A16z will open an office in London

Investment fund A16z plans to open an office in London. The firm attributed its choice to the country's "predictable" regulatory climate. The country's prime minister's office said it was thrilled with the company's decision.

Ethereum developers have published a list of changes in the Dencun update

The Ethereum Foundation is preparing for an update, Dencun, which will include five offerings (EIPs), including "proto-dunksharing": EIP-1153 - a change aimed at reducing network storage fees; EIP-4788 - would significantly improve bridge and pool infrastructure for steaming; EIP-5656 - aimed at EVM code changes; EIP-6780 - will remove code

CoinEx Charity awarded scholarships to children at a Buddhist orphanage in Vietnam

The CoinEx Charity Foundation has partnered with the Royal Melbourne University of Technology (RMIT) charity in Vietnam and held its first CoinEx Dream Grant event. This was reported in a press release from the trading platform. The organizations also visited local orphanages, where they distributed educational supplies and toys to

SEC demands immediate freezing of Binance US crypto-assets

The Securities and Exchange Commission (SEC) re has petitioned the court to freeze crypto-assets of the Binance US exchange. The agency is pushing for an immediate freeze in order to protect customer funds. If the motion is granted, the assets will be seized until the process is completed

Binance responded to SEC allegations.

▪️ We are disappointed, that the SEC has unilaterally refused to cooperate and decided to litigate. ▪️ We stand with digital asset marketers in the U.S. against the SEC's latest overreach and are prepared to fight it to the fullest extent of the law. ▪️ All user assets on Binance and partner

Binance received two ISO certificates in France, Bahrain and the Emirates

Cryptocurrency exchange Binance has issued two ISO standards, numbered 27001 and 27701 in Bahrain, UAE and France. ISO is an international standard for information security compliance measures. This was announced by Changpeng Zhao, CEO of the company.

China benefits from the "war" on cryptocurrency in the U.S. - CEO of Coinbase

WarketWatch published an article by Coinbase CEO Brian Armstrong. He gives his take on the restrictive U.S. policy on cryptocurrencies and speculates on who benefits from it in the first place. "The United States and other democracies are confronting digital systems promoted by an ambitious adversary, China. The PRC

The U.S. has reached an agreement to raise the national debt limit

Joe Biden and House Speaker Kevin McCarthy reached an agreement to raise the national debt limit. The final bill will come up for a vote on Wednesday, May 31. Its details are not yet known. Markets took the news positively, and BTC appreciated to $28K and ETH to $1900.

Symbiosis integrates Arbitrum Nova

Multichain liquidity protocol Symbiosis Finance announced that it has introduced support for the Arbitrum Nova network. With this, users will be able to make asset exchanges from other networks supported by the platform into Arbitrum Nova. Also, the project has recently added support for the ZetaChain test network, in honor

Nvidia

Nvidia shares soared nearly 25% in the postmarket after the quarterly report.

EXBI Launches Launchpad Platform and New Promotional Campaign

EXBI Exchange has announced the launch of a launchpad to support Web3 products targeting the widest possible audience. To celebrate the launch of the Launchpad, the company is running a promotional campaign on Gleam. It launches on May 22 and will run for two weeks. The campaign includes several types

Hong Kong banks ignore applications from crypto companies

The crypto industry is preparing  to conquer Hong Kong, but not everything is going smoothly, CoinDesk writes. First, the local Securities and Futures Commission (SFC) has only 8 employees taking registration applications, which is not enough to handle the large flow of documents. But an even bigger problem was the

Jump Trading is accused of unjust enrichment of nearly $1.3 billion

A class action lawsuit was filed against Jump Trading. The victims accuse the company of having ties to the collapsed Terra-Luna project, pumping UST liquidity and unjust enrichment to the tune of $1.28 billion. The suit says that for "bailing out UST," the firm was allowed to buy back

SEC Reduces Fine for LBRY from $22 Million to $111,000

The Securities and Exchange Commission (SEC) filed in the District Court of New Hampshire an amendment to its claims against LBRY. The regulator decided to revise the fine from $22 million to $111,000.

Frenchman to spend 1.5 years in jail for buying car for bitcoins

A court in Casablanca sentenced Frenchman Thomas Clausy to 18 months in prison for illegal use of cryptocurrency. The defendant will also pay a $3.7 million fine. Clausi's crime was a BTC payment. He sent the coins to a French woman living in Casablanca. It was a payment for

New York would allow bail-ins in Stablecoins

Democrat Latrice Walker introduced a bill that would add digital assets to the list of permissible funds for bail bonds. The document overlaps with the New York Attorney General's Office initiative for additional leverage on cryptocurrency exchanges. You can read the text of the bill at the link. Notably, only

The Central Bank of Ireland called BTC "lotteries"

The Central Bank of Ireland commented on the recent MiCA bill. They issued a press release on their website from Gabriel McLough, the head of the agency. He believes Bitcoin is a Ponzi scheme and a lottery, not an investment. "Such a purchase can be like buying a lottery ticket:

Digital Asset unveiled a blockchain ecosystem for institutional clients

Fintech firm Digital Asset has launched a global interoperable blockchain network designed to provide a decentralized infrastructure for the needs of institutional clients. The initiative has attracted some major "players," including Microsoft, Goldman Sachs, BNP Paribas and Deloitte.

Capitalization of BRC-20 tokens approached the $1 billion mark

The total capitalization of tokens based on the BRC-20 standard has almost reached the $1 billion mark. Their number has already exceeded 14,079 tokens. Recently, the capitalization of BRC-20 increased by 800% in just seven days, from $17.5 million to $143.14 million. Then the total number of

Binance suspended BTC withdrawals twice in 24 hours due to network congestion

Binance announced that it stopped BTC withdrawals due to large amount of unfinished transactions. It was the second case in 24 hours. Prior to that, the exchange froze withdrawals on Sunday for two hours. Now the withdrawal of the first cryptocurrency works in the previous mode, writes Binance. To mitigate

WSB Coin team member collapses token price by 90%

On-chain analyst ZachXBT reported on the collapse of WSB Coin's price. A team member under the nickname ZJZ.eth, who ran the moderation bots of the notorious WallStreetBets community, suddenly sold off most of the tokens, amounting to $635k (334 ETH). As a result, WSB's price fell by 90%. ZachXBT

Citigroup downgraded Coinbase amid problems with authorities

Citigroup analyst Peter Christiansen has published a report on cryptocurrency exchange Coinbase. Although the platform remains "one of the leaders in the industry", its rating has been downgraded to "neutral". In addition, the agency set a new target price for Coinbase shares at $65 instead of $80. This figure reflects

Bhutan secretly uses hydropower to mine bitcoin

Bhutan's state-owned company Druk Holding & Investments has been secretly mining bitcoins since 2019, when BTC was worth about $5000. Apart from that, the holding company also mined Ethereum. The country mines the lion's share of BTC through green mining.

NEAR launches blockchain OS

The NEAR Protocol team has announced that NEAR's Blockchain Operating System (BOS) is now available on the official near.org website. The company calls BOS an alternative to centralised operating systems that has a seamless Web2-style adaptation and intuitive search for Web3. The OS also allows developers to start development

JPMorgan buys troubled First Republic Bank

The FDIC regulator has accepted JPM's takeover bid for the bank. The giant is taking over all of FRB's deposits, which total about $103.9 billion. First Republic Bank's 84 physical branches in eight states will reopen today as branches of JPMorgan. All other FRB assets will also be acquired.

US confiscates bitcoins from local Satanists

A US district court has sentenced the founder of the Reformed Church of Satan, Aria DiMezzo, to one and a half years in prison. The woman was involved in the illegal exchange of fiat currencies for bitcoin from June 2020 to January 2021. Aria received 18 months behind bars, a

Binance US has terminated deal with Voyager Digital

Bankrupt crypto trader Voyager Digital has announced that Binance US has terminated its deal to buy more than $1bn worth of assets. The company's customers will get their funds back through a direct distribution of cash and cryptocurrency.

"Government must be involved in AI governance" - OpenAI

Mira Murati, technical director of chatbot developer ChatGPT OpenAI, was interviewed by the Associated Press. She believes government agencies should be involved in regulation: "Governments should approve regulations - at least at the company level. They should agree on some level of standards.

Binance launches AI bot for Binance Academy

Cryptocurrency exchange Binance is launching chatbot Binance Sensei, which is powered by ChatGPT, for Binance Academy. "Users will be able to enter a few keywords or questions through the chat window and receive an instant response based on Binance Academy articles or other reliable public sources," the exchange said in

Coinbase plans to launch mainnet Base in 2023

Base project manager and head of protocols at Coinbase Jesse Pollacka spoke about plans to launch Base's mainnet L2 blockchain. "It will happen soon, we are working hard on it. This is our number one priority along with our decentralisation goals, and we will devote the rest of the year

EU Parliament approves MiCA rules

The European Union Parliament has approved new MiCA rules on cryptocurrency licensing. The EU also voted in favour of a "remittance provision" law that requires cryptocurrency operators to identify their customers, in an effort to combat money laundering. Lawmakers also backed rules that require exchanges to request a license to

$249 million was liquidated in the last 24 hours

The price of BTC has momentarily fallen below $29,000 and is now trading around $29,100 and ETH around $1,970. The market capitalisation is down about 4.5% and is $1.187 trillion at the time of writing. Due to the market decline, about 75,000 traders were

Coinbase head ready to move company out of US

Coinbase boss Brian Armstrong has not ruled out the company leaving the US altogether unless the authorities offer clear and fair regulation of the crypto industry. "I think the US has the potential to be an important cryptocurrency market. But right now we don't see the regulatory clarity that we

SEC prepares a lawsuit against Bittrex

US cryptocurrency exchange Bittrex has received a Wells notice from the SEC. The reason was the SEC's suspicion that the platform violated investor protection law because the exchange failed to register its new unit.

Elon Musk has promised a reward of 1 million Dogecoin to anyone who finds his emerald mine

Billionaire Elon Musk has offered a reward of 1 million DOGE to anyone who finds an emerald mine allegedly owned by the SpaceX chief. Reports of the mine date back to 2018. Several media outlets quoted an old interview in which the business tycoon talked about his family owning such

Warren Buffett calls bitcoin a "gambling token"

In an interview with US broadcaster CNBC, 92-year-old investor Warren Buffett said that bitcoin is a "gambling token". He compared BTC to gambling and questioned the intrinsic value of the coin: "BTC has no intrinsic value, but that doesn't stop people from wanting to gamble on the roulette wheel. The

Buffett bets on Japan

The legend is stepping up investments in Japanese stocks. Now 7.4% of Buffett's assets are Japanese stocks. The billionaire himself is planning several meetings with managers of large Japanese companies. They will discuss investments and their business in general. And why does Buffett have such an interest in the

Number of NFT Ordinals exceeds 1 million

A record number of NFTs were created in Bitcoin blocks in early April. The reason was the appearance of a new token standard - BRC-20. This standard was proposed by anonymous developer Domo as a counterpart to the ERC-20 standard, but with more limited functionality. More than 170 BTC were

Federal Reserve's digital dollar threatens US financial freedom - Florida governor.

While speaking at a conference in Pennsylvania, Florida Governor Ron DeSantis said that the Federal Reserve's digital dollar threatens the financial freedom of the United States. "It hands over our financial freedom to a central bank that is not looking out for our interests," DeSantis said.

Lido Stackers won't be able to withdraw ETH "until May"

Users who have deposited ETH through Lido Finance won't be able to withdraw it immediately after the Shanghai update, project developer Kadmil.eth said. The protocol must first prepare to run its testnet and conduct several security audits for the upgrade. This will take time "at least until early May"

Polkadot is preparing a blockchain-based messenger

Polkadot has applied for registration of a new trademark. It will be a blockchain-based messenger app, Polkadot Converse. The trademark covers the right to several activities. Social media software;Software for creating, managing and interacting with the online community;Creating and maintaining infrastructure for sending/receiving electronic text messages, images,

LayerZero raises $120m at $3bn valuation

Project LayerZero has closed a $120m Series B funding round at a valuation of $3bn. A16z Crypto, Sequoia Capital, Circle Ventures, Samsung Next, OpenSea and Christie's participated in the round.

Alchemy Pay has raised $10m from DWF Labs

Singapore-based crypto-payment provider Alchemy Pay has received an additional investment of $10m, raising its valuation to $400m. The sponsor was South Korean market maker DWF Labs.

1inch proposed to allocate $900,000 to Lamborghini Revuelto

The 1inch project has been asked to allocate $900,000 in ARB proceeds from the Arbitrum DAO to purchase a Lamborghini Revuelto for marketing purposes. According to the user who put forward the vote, he will drive around Kiev with 1inch plates, thereby promoting the project. 97.18% of the

1inch Wallet has added support for Ledger and Wallet Connect

Cryptocurrency wallet 1inch Wallet has released an update for Android users, adding the ability to connect the wallet via Ledger and Wallet Connect.

North Korean hackers use mining services to fund espionage

Cybersecurity agency Mandiant has published a new report on the activities of North Korean hackers. According to it, the APT43 group is using hash rate rentals and cloud services to launder stolen cryptocurrency. In addition to funding its own activities, the group also provides a budget for cyber-espionage abroad.

ConsenSys zkEVM network named Linea

Metamask wallet developer Consensys has announced the launch of a zkEVM test network. The network is called Linea. According to the developers, Linea has already processed 1.5 million transactions.

THORChain network temporarily suspended due to potential vulnerability

Developers have temporarily suspended the THORChain network, due to a discovered vulnerability that potentially threatens user safety. The team promises to provide new details of the work in time.

Tether expects to post $700 million profit in the first quarter

Tether chief technology officer Paolo Ardoino said that the company's expected profit for the first quarter of this year is $700 million. With that in mind, the total overcollateralisation of the USDT stabelcoin would be $1.6 billion.

Ark Invest has sold $13.5m worth of Coinbase shares

Ark Invest sold a portion of its shares in cryptocurrency exchange Coinbase. It happened for the first time since July last year. The company sold 160,887 shares for $13.5 million. Neither Ark Invest's press office nor the firm's CEO Cathy Wood had any comment on the decision.

Virgin Orbit is on the verge of collapse. Is the sector failing?

A once-promising player in the aerospace sector could go bankrupt as early as this week. This month Virgin Orbit announced that it was laying off almost all personnel and suspending operations. The company was left with two options: either find financing or sell the business. True, Reuters has already reported

Coinbase tests ChatGPT capabilities to verify ERC-20 tokens

Exchange Coinbase has published the results of an experiment with ChatGPT. The platform used a chatbot to test the security of tokens based on the ERC-20 standard. During the tests the program was required to assess the risks of 20 projects. In 60% of cases the ChatGPT's conclusions completely coincided

Jefferies is thinking about buying and relaunching FTX

Jefferies is in talks about possibly buying FTX assets. According to insiders, the company is exploring the prospect of relaunching the exchange. They are weighing the pros and cons, trying to see if FTX 2.0 can be brought back to the forefront of the cryptocurrency industry.

Microsoft is developing a cryptocurrency wallet for Edge browser

Microsoft is working to integrate a Web3 wallet that will be available in the Edge browser. "The latest in a string of questionable Microsoft Edge features is a cryptocurrency wallet. I'm not quite sure how to feel about such things being built into the default browser, but what do you

Signature's new owner must completely abandon the crypto business

The new owner of collapsed bank Signature should completely stop any activity of the organization in the cryptocurrency market, the Federal Deposit Insurance Corporation (FDIC) ruled.

Uniswap V3 launches on BNB Chain network

Decentralized exchange Uniswap announced the rollout of version 3 protocol on the BNB Chain network. The platform now supports 6 networks: Ethereum, Polygon, Optimism, Arbitrum, Celo and BNB Chain.

Meta is winding down its work on NFT

The head of the commercial department of Meta, Stephan Kasriel, announced  that the program of work on NFT is being curtailed. Instead of NFT the company will focus on the work on Reels and optimization of payments with the help of Meta Pay service.

Solo miner mined bitcoin block

A solo miner mined block #780,112 in the Bitcoin blockchain, the Solo CK Pool administrator reported. This earned him 6.25 BTC. "A miner with that kind of power will solve a block about once every 10 months on average," the administrator added on Twitter.

WhiteBIT implemented authorization via Web3-wallet

Crypto-exchange WhiteBIT reported on the implementation of the possibility of authorization on the platform using Web3-wallet. The feature will be available on the web version of the platform. "Our mission is to open up technology to the community and make it accessible. So, WhiteBIT Exchange is taking the initiative and

$323 million was liquidated in the last 24 hours

Against the backdrop of negative news, the price of BTC fell below $20,000 and is now trading around $19,900, while ETH is around $1,400. The market capitalization is down about 6.65% and is $894 billion at the time of writing. Due to the market decline, about

Germany does not recognize NFTs as securities

The German financial regulator BaFin has warned that they could start scrutinizing NFTs if other countries introduce such a procedure. But so far they see no reason to classify NFTs as securities. "So far, BaFin is not aware of any NFTs that need to be classified as securities in the

Court allows Voyager to sell Binance US assets

Federal Judge Michael Wiles has concluded  hearings in the bankruptcy case of cryptocurrency lender Voyager. He granted permission to modify the restructuring plan, which involves the sale of $1 billion worth of Binance US assets.

Spin has launched an auto-investment tool for options

Trading platform Spin announced the rollout of a product called DeFi Options Vaults on the main Near network. The tool is designed to automate options investing by allowing participants to place their assets into the vault and earn income at the same time.

Banks in Pakistan to implement blockchain for KYC

The Association of Banks of Pakistan will integrate a blockchain platform for KYC. It will be developed by Avanza Group. The service will be called Consonance. It will allow different banks to unify and exchange customer data through a decentralized secure network.

Michael Saylor loses court case over tax evasion

MicroStrategy founder Michael Saylor has lost his case in court regarding non-payment of income taxes and penalties. In August last year, the District of Columbia sued Saylor, claiming he never paid taxes in the district where he lived from 2014 to 2022, and that his company MicroStrategy helped him avoid

Binance launches AI tool for NFT generation

Binance's CEO announced the launch of an AI product for NFT generation, called Bicasso.

VISA and Mastercard postpone crypto partnerships until market conditions improve.

Payment giants Visa and Mastercard are suspending new partnerships with cryptocurrency companies after a string of high-profile crashes, Reuters reports. The companies are putting plans on hold until market conditions improve. The company stressed that the new project is in no way related to BAYC or other Ethereum-based collections. Moreover,

Venezuela uses USDT to circumvent sanctions - Chainalysis

Companies in Venezuela use USDT stabilecoin as a way to circumvent sanctions and make payments to foreign partners, according to Chainalysis analysts. But they specify that more often than not firms convert local currency to USDT for another reason - to protect their capital from devaluation. "34% of all small

LayerZero - a solution to the problem of transferring tokens between blockchains

Sometimes transferring a token from one blockchain to another requires a lot of hassle and unnecessary actions. But there is a project like LayerZero, where the main idea is to fix those difficulties by creating a new principle of interaction between smart contracts and applications from different networks. This would

Bitcoin Core lead developer resigns

Programmer Marco Falcke is leaving  the Bitcoin Core team. During his development, he recorded the largest number of bitcoin code edits. Falcke's main task was to contribute to making the Bitcoin testing infrastructure more efficient. He also oversaw quality control of the new code. The developer did not give any

Arbitrum surpasses Ethereum in daily transaction volume

From January 1 to February 21, the volume of daily transactions on Arbitrum's tier 2 network increased from 159.9 thousand to 1.103 million. In two months, this figure increased by 590%. The network has surpassed even Ethereum. By comparison, daily transactions on that blockchain increased by just 46%

Mastercard to introduce cryptopayments in DeFi and meta-villages

Payments giant Mastercard has become a partner of Web3 provider Immersve. It will enable crypto-payments in decentralised protocols and metavalleys. It will also be possible to make payments at physical retail outlets that support Mastercard. In this case, the payment will be made through the conversion of USDC into fiat.

FTX Japan to resume withdrawals on 21 February

The Japanese subsidiary of bankrupt exchange FTX Japan will resume withdrawals from 21 February. The press release says withdrawals will be available in cryptocurrency and fiat. The withdrawals will be made through Liquid Japan, a Japanese cryptocurrency exchange. Customers should therefore open an account there before transferring their assets.

Galaxy Digital chief expects bitcoin at $30,000 by end of March

Michael Novogratz predicts that bitcoin will rise to $30,000 in the first quarter of 2023. The head of Galaxy Digital said this at yesterday's Bank of America conference. "When I see the [bitcoin] price move, hear the excitement in the intonation of customers on the phone, and notice the

Solar energy

China's solar power sector could see record growth in 2023. And that's given the huge demand for coal.

Galaxy Digital opens business in the Bahamas

Galaxy Digital has opened a subsidiary of Galaxy Bahamas. As the name implies, it is registered under the jurisdiction of the Bahamas. The new company will be physically located in other countries. They plan to focus initially on expanding Galaxy Digital's existing business.

Paxos ends partnership with Binance

Paxos has announced  that it will end its partnership with Binance regarding the BUSD stackable token, according to a PR Newswire release. The issuance of new tokens will be halted as of 21 February. All BUSD is secured and Paxos will continue to support the stabelcoin. It will be exchangeable

China approves launch of blockchain research centre in Beijing

China plans  to launch a National Blockchain Technology Innovation Centre in Beijing. The research centre will be established with the participation and support of local universities, analyst firms and blockchain companies.

Ancient BTC address wakes up after 11 years

The bitcoin wallet of 2012 "woke up" yesterday. The owner sold most of the BTC earning about $9.5 million. The investment in 2012 is valued at just over $5 thousand. The first bitcoin was sent to the account on September 28, 2012. As of October 1, the wallet held

Dubai has banned anonymous tokens

Dubai has banned issuing licenses to companies that issue or maintain anonymity-oriented tokens (such as Zcash or Monero). Such a rule was published by the local regulator VADA. Dubai regards anonymous cryptocurrencies as "a type of virtual asset that interferes with the traceability of transactions or ownership records through distributed

Yuga Labs wins lawsuit against Thomas Lehman

Last month, Yuga Labs Studio filed a lawsuit against blockchain programmer Lehman (Thomas Lehman). They accused him of working on the RR/BAYC project. This is a collection of 10,000 NFTs that have similar names and styles to the original "monkeys". The specialist allegedly helped create a smart contract

Interpol to investigate crimes in the meta-universe

Interpol Secretary General Jürgen Stock believes  that criminals are increasingly using new technologies and now have their attention focused on the meta-universes. He also said Interpol "has a duty to respond adequately" to rising crime rates. The agency will therefore consider various options to intervene.

Head of NFT at Mastercard resigns due to constant stress

Satvik Sethi, head of NFT at Mastercard, has announced  his resignation from the company. He stated that he was fully in charge of the payment giant's Web3 projects. All issues related to this area went through him. He says the working conditions at the firm were awful. Now he is

Ledger has integrated MultiversX stacking into Ledger Live

MultiversX (EGLD) announced that hardware wallet maker Ledger has integrated native project token stacking into the Ledger Live app.

BTC will be worth around $1m by the end of the decade - Ark Invest

Katty Wood's Ark Invest fund has published a report titled "Big Ideas". In it, the company argues that bitcoin continues to outperform traditional assets, and that by the end of the decade it will surpass the $1 million mark.

Mining saved Africa's oldest national park from bankruptcy

Virunga National Park in DRC, covering 7,800 square kilometres, has been experiencing difficulties with funds and has been on the brink of bankruptcy for the past few years. "Bitcoin mining has become the park's lifeline. The first mining farm appeared in the park in early 2020. Nine months later,

Mythical Games buys Ukrainian crypto platform DMarket

Mythical Games buys Ukrainian crypto platform DMarket US blockchain game developer Mythical Games has acquired DMarket, a marketplace for NFTs and skins for gamers. DMarket was created by Ukrainian businessman Volodymyr Panchenko. In the summer, he valued his company at $100 million (Forbes interview). The purchase price of Mythical Games

German GDP in Q4 2022 falls by 0.2% - worse than forecast

Analysts had expected a zero trend. GDP fell despite lower energy prices in Q4 2022.

Criminal group uncovered in Georgia

A money laundering ring has been uncovered in Georgia. It is about $111 million and 13 companies. The three defendants could receive 9 to 13 years in prison. The crimes committed include fraud, money laundering, cybercrime and document forgery. The group carried out multiple transactions with a fictitious purpose and

Microsoft's report.

Microsoft's report did not go unnoticed: NASDAQ is losing 2% today. The tech sector is selling off hard today. Google is down 3.5% - the US antitrust agency wants to take away the company's advertising platform. The tech giants still account for 25% of the S&P500 index,

SBF sells mansion for $3m

Former FTX director Sam Bankman-Fried has put his home in Washington up for sale, the New York Post reports. It is valued at $3.28m. The mansion includes 4 bedrooms, 5 bathrooms, a lift, two walk-in wardrobes, a fireplace, a large kitchen and a special wine fridge. Its total area

Ukrainian man raises money for time machine through DAO

Decrypt journalists wrote an article about Ukrainian entrepreneur Alex Polishchuk's TimeMachineDAO project. It aims to raise investment from around the world through DAO to fund the development of a time machine. The time machine project was created in 2022 by scientists from South-East Asia. In the first phase, they want

Signature Bank to limit transactions by Binance customers

U.S. bank Signature will no longer process SWIFT transactions of its crypto-customers of less than $100 thousand. The policy change will primarily affect cryptocurrency exchange Binance and its users. Signature Bank explained its decision by its desire to distance itself from the cryptocurrency segment and minimize risks.

Oil companies will pay more taxes

The government is considering an additional tax burden on oil companies. Or rather, it is changing the existing one. At present the export duty calculation is linked to the Urals price, but there are plans to correct this. It will be based on the benchmark grades - Brent and Dubai.

Filecoin Foundation plans to create file storage in space

The Filecoin Foundation has announced a new joint project with Lockheed Martin. Its goal is to launch and test a decentralised network storage based on the IPFS protocol in space. The first phase will be a test one. The experiment will take place on board the LM 400 satellite. The

"Sam Bunkman-Fried deserves the ninth circle of hell" - Anthony Scaramucci

SkyBridge founder Anthony Scaramucci spoke at the Davos Forum about betrayal in life and business. As an example, he cited his history with Sam Bankman-Fried. Scaramucci admitted that he used to consider the FTX head a friend. But after the fall of the crypto exchange, he felt "betrayed". The businessman

NFT blogger loses $50,000 to virus that promoted Google Ads.

A user with the nickname "NFT God" lost more than $50,000 after he downloaded a malicious application that promoted Google Ads. He revealed this on his Twitter page. In addition to social media, his wallets were also hit - the attackers managed to steal NFT from his MAYC collection

BitConnect victims to receive $17m in compensation

The US District Court for the Southern District of California has approved the payment of $17 million in compensation to victims of BitConnect. It is one of the most high-profile "Ponzi schemes" in cryptocurrency history. Customers of the platform suffered $2.4bn in damages. Some 800 affected BitConnect customers from

Ava Labs signs agreement with AWS

Ava Labs has announced that it has expanded its partnership with Amazon Web Services. Based on the latter, Avalanche plans to launch a number of new features, including maximum node deployment via Marketplace. "It is very important that Avalanche developers are able to work in AWS via GovCloud when FedRAMP

Bitcoin comes alive: the world's largest cryptocurrency rises above $18,000 for the first time since November 2022

The cryptocurrency is rising amid widespread positive sentiment from lower inflation in the US. The December US price growth rate data will be released today at 4:30pm. Analysts expect inflation to be negative. This will be a big win for the Fed.

Binance admitted to "mistakes" with Binance-peg BUSD

ChainArgos revealed that the Binance-peg BUSD stabelcoin had insufficient collateral between 2020 and 2021. The crypto-exchange explained the situation. It said the discrepancies were due to "shortcomings" in the team. Binance also noted that many teams were involved in issuing and maintaining the peg, including Paxos Trust. "The process was

Ethereum Shanghai public testnet to be launched by the end of February

Last week, on January 5, the first 2023 Ethereum All Core Developers (ACD) conference was held. During that event, it was announced the launch of testnet Shanghai, the next major update to the network after its transition to PoS. The new date is the end of February. Deployment of the

Cryptosat sent a second cryptosatellite into space

Cryptosat launched with a SpaceX rocket the second crypto-satellite, which is no bigger than a coffee mug. The device stores databases for blockchain applications, products and services. "Even if you bury your computer in the mountains, you still need an Internet cable. And to run it, you need power. You

DCG closes subsidiaries and downsizes Genesis

HQ Digital, one of Digital Currency Group's asset management subsidiaries, is shutting down. Meanwhile, another Genesis subsidiary has had new layoffs. The cryptocurrency lender cut its staff by another 30% (to 145 people). According to an insider, the company is mostly cutting sales and business development departments. Genesis had sent

The American concern Amazon will hold a record staff reduction. The company is preparing to lay off 18 thousand employees.

The dismissal of employees was announced by Amazon CEO Andy Jesse on Thursday, January 5. He said that the company is taking this step because of the uncertainty in the economy and in connection with the active recruitment of employees over the past two years. It is noted that the

iPhone repair will rise in price: Apple to raise battery costs by tens of dollars

Apple has decided to raise the price of non-warranty battery replacement in iPhone, MacBook and iPad devices. Starting from March 2023, the price for these parts will increase by $ 20 - $ 50. Apple on its website has changed the current service fees for battery replacement on devices that are no

Dubai has abolished a 30% tax on alcohol to boost business and tourism.

Nevertheless, the prices of alcohol, according to analysts' forecasts, will still remain high. Interestingly, foreigners account for more than 80% of the UAE's total population.

BMW plans to integrate blockchain

German car manufacturer BMW has shared plans to implement blockchain technology. There will be two stages, first the integration into the daily work of the company and then the development of a loyalty program for users. The company has attracted the blockchain infrastructure of Coinweb and BNB Chain to implement

China will launch a national NFT-marketplace

On January 1, 2023, China will launch the first national NFT-marketplace. It will be regulated by three organizations: China Technology Exchange, Art Exhibitions China and Huban Digital. The marketplace will be built on the state-controlled China Cultural Protection Chain blockchain.

NSD published information on cooperation with Euroclear to implement the general license to unblock clients' assets

From Euroclear received unofficial information: permission for transactions related to the release of securities will be provided by the Treasury of Belgium. Euroclear will not act as European operator (guarantor). From the Belgian Treasury: The European operator (guarantor) may be a subsidiary of the person whose assets are blocked in

Amazon is an interesting stock to buy after a correction

Amazon is one of the largest e-commerce sellers in the world. The company sells its own products and provides services to third-party sellers to sell their goods. Amazon is also a major player in cloud solutions, owns the popular streaming platform Twitch, creates its own electronics and makes shows and

China is getting used to COVID. Markets in the Morning

Asia is on the rise. Reportedly, the streets of China are once again crowded - anti-virus restrictions have been loosened. And Japan's central bank is unexpectedly lukewarm: it said it was planning a mild monetary policy, although it had recently talked about tightening it.

Qualified investor status will become more accessible.

The Central Bank is ready to soften its stance on the amount of capital that allows obtaining the status of a qualified investor. The regulator earlier proposed to raise it from 6 million to 30 million rubles, but now it is ready to agree to 15-20 million.

Apple is running from Covid.

USA. The U.S. stock market is going strong. The S&P 500 index is up 1.6% after an uncertain start to the week. Among technology companies, Apple is feeling better than the market: shares are up 2.6% after the news about the transfer of MacBook production

UK: Mastercard again loses appeal against £14 billion class action lawsuit

Mastercard is facing a £14 billion class action lawsuit over exchange fees after a court rejected a failed appeal. If successful, 46 million claimants could receive £300 each. On September 6, 2016, Merricks filed suit as a class action, made possible by the Consumer Rights Act of 2015. It seeks

Microsoft will try to buy Netflix in 2023.

The deal could be justified by the fact that Microsoft wants to launch a video game streaming service on multiple devices. In addition, the companies are advertising partners.

Continuing to fall. Markets in the evening.

U.S.. The S&P 500 index is down 0.4%. The main negative is centered around technology companies. Shares of Apple, Amazon, Microsoft and others in the sector continue to win back the Fed rate hike and the gloomy forecasts of market analysts. Investors are also selling off

EU may lower the proposed gas price cap

The Czech Republic has proposed that other EU member states reduce the proposed gas price ceiling from €275 per MWh to €188. The market adjustment mechanism is triggered if the prices of contracts for a month and a year ahead on the TTF index exceed €188 per MWh within 3

The threat of delisting Chinese companies from U.S. stock exchanges has decreased dramatically.

U.S. auditors have gained access to Chinese data. In 2020, the U.S. passed a law that threatened firms whose working papers could not be audited with expulsion from the New York Stock Exchange and Nasdaq.

Highlights of the day

U.S. inflation fell to 7.1% in November from 7.7% a month earlier. Analysts had expected a decline to 7.3%. Falling energy and used car prices played a big role in the improvement in CPI. Indices are rising, hopes for a soft landing are coming to life.

Central banks of Germany and France promised to reduce inflation fivefold

Central banks of Germany and France promised to reduce inflation to 2% till the end of 2025 German and French regulators pledged to bring inflation down to 2% in two to three years. Annual inflation in the Eurozone rose to 10.6% in October and fell to 10% in November.

Brent oil below $78 for the first time since January 2021

A huge negative for Russian oil exporters. There are several reasons for the drop in oil: Shrinking demand amid recession. The persistence of Russian oil in the market. The market believes this. Opening Venezuela to Chevron. The decline in oil demand in Europe. Ironically, Europe is actively increasing coal consumption

Russian developers were not ready for demand

Customers of domestic cybersecurity products faced rising prices and delayed deliveries, according to a survey by Rostelecom-Solar. Among the most demanded products are high-performance firewalls.

China recorded a record incidence of COVID-19

In the past 24 hours, 31,656 cases of coronavirus infection have been detected, TASS reports. Chinese authorities have recorded a historical record for the increase in the number of cases of coronavirus in the country.

You can't live beautifully: the number of luxury car showrooms is growing

Despite the withdrawal of a huge number of automakers from Russia and a lot of sanctions, some dealers did not refuse to open showrooms for them. Channel for the replenishment of warehouses became parallel imports, which is most profitable for expensive cars, says Kommersant. Analysts note that when importing not

Brent crude falls below $85 a barrel

UPD: as of 17:40 Moscow timeframe oil has already fallen to $83.5 a barrel. Rumors about OPEC make a scenario of rebalancing demand in the oil market likely. Meanwhile, WTI crude has fallen to $76 a barrel. It is already $4 below the target at which the Biden

NSD introduces a marketing period for tax procedures for US securities - Frank RG

NSD will not charge fees for processing tax disclosure services for payments of income on foreign securities subject to U.S. tax code regulation from November 1, 2022 to January 7, 2023. Also, the period during which no fees will be charged for acceptance for safekeeping and removal from safekeeping

Alibaba reported six months of fiscal year 2023

Earnings per share were $1.82, compared to expectations of $1.65. Revenue was worse than expected: $29.12 billion, compared to the forecast of $29.61 billion. Revenue from cloud computing also fell short of expectations: ¥20.76 billion, compared with a forecast of ¥21.11 billion. The company

U.S. economy is too strong: Retail sales rose 1.3% month-over-month in October

Last month was better than forecasts. Retail sales were flat in September. But already in October they were 0.3% better than the seasonally adjusted forecast. But this is a negative for the markets. In anticipation of the holiday season, Americans are already starting to buy more goods. Sales are

The U.S. stock market will rise today. Producer inflation slows rapidly

The annual core U.S. producer price index fell to 6.7% in October after 7.2% a month earlier. Forecasts were far from so optimistic. Analysts had expected the index to hold steady. After last week's CPI data, optimism returned to the US market. Today's data will only bolster

U.S. Secretary of State Blinken to Visit China After Biden and Xi Meet - White House

Tensions over the Taiwan issue as well as the trade standoff between the PRC and the U.S. will rise as China's restrictions are lifted. Now U.S. policymakers will do their best to curb China's further moves. But they are unlikely to succeed. At least the removal of restrictions

The Central Bank discusses the illegality of holding Meta shares

Deputy Chairman of the Central Bank Chistyukhin said. "It seems to me that criminal risks may threaten after the legal status of paper holders will be clarified. We first need to decide on step number one - whether we will consider Meta* shares to be exactly extremist investments. If it

Oil is down 1.5% today, although there are no clear reasons

Brent is approaching $93 again. It is unlikely to be a trend reversal, as several factors speak for continued growth: the possible conflict between Saudi Arabia and Iran, the embargo on Russian oil supplies and the opening of China. The domestic stock market needs high oil prices today, as the

Clothing brands Zara and Bershka will no longer sell their items in Russia, - "Izvestia" with reference to Inditex

Earlier it was reported that Daher will sell its products, but under its own brand. However, Inditex said: "Daher Group will do business in Russia under its own brands and with its own collections, having nothing to do with Inditex".

According to De Gindos of the ECB further rate hikes are necessary

According to him, Europe's central bank will definitely start to reduce the balance sheet as early as 2023. Eurozone retail sales (m/m) for September increased by 0.4%, in line with the forecast. Last time the indicator was losing 0.3%. On an annualized basis, the figure fell 0.

Renault's electric car business is worth $10 billion

Renault expects its electric car business to be valued at €10 billion in an IPO on the Euronext Paris exchange next year. The business will be spun off into a separate company, Ampere, and the one related to combustion engines into Horse. Interestingly, the market capitalization of Renault itself currently

China may soon cut quarantine rules for inbound travelers from 10 to 7 or 8 days, sources

Rumors of the removal of covid restrictions may turn out to be true. This is a big positive for the yuan and Chinese stocks. Also, oil prices will respond to the rumors by rising. Earlier, the head of the IEA predicted a rise in oil prices when China unlocks, as

We see that China has a problem with zero COVID policy, - Powell

Some countries are struggling because of the strong dollar. Obviously, the world economy is going through a difficult period. If we "over-chew", we can support economic activity with our tools. Otherwise, in a year or two you will realize that we have not managed inflation in time. There is no

Positive Technologies and Space Report.

Q3 2022 increased revenue by 171%, and 9-month revenue was up 115%. Gross margin reached an all-time high of 91%, and EBITDA margin was 55%. But that's not all: the net profit grew 32 times, but the low base effect was also important here. All of the company's key products

Fed's dovish reversal could spark S&P 500 rally of 10%

Analysts at JPMorgan believe that if the Fed raises rates by less than 0.75% on Wednesday, markets will move into a rapid rise. Now, with the real estate market recovering, economists are looking at different scenarios and preparing their clients for any options. Still, a dovish Fed decision is

Recession is still real. Moody's warns of the consequences of a Fed rate hike

Without changes in monetary policy, the risks of slowing investment and recession are growing, - Moody's rating agency A strong dollar and slowing global growth are reducing demand for U.S. exports, the agency said. The tailwinds of strong exports will soon subside, leading to an even greater slowdown in

Goldman Sachs analysts believe that the S&P 500 could collapse by another 25%.

According to bankers, such a scenario is possible in the event of a "deep" recession in the U.S. on the background of tightening monetary policy. And this could happen in 2023. Recall, the cycle of rising rates will probably not end until the middle of next year. And in

The stock market will have a tough time tomorrow. Apple falls 5% after report

iPhone and iPad sales were worse than expected. The company earned $42.63 billion on iPhones versus expectations of $42.67 billion; $7.17 billion on iPads versus $7.81 billion. Forecasts are mixed. Apple expects global revenue in Q4 to reach $70.96 billion against estimates of $69.04

Tinkoff will double the threshold of fees for accounts in euros

Previously, the service fee was charged when the threshold of 10 thousand euros was exceeded. From November 1, 2022 this threshold will increase to 20 thousand euros. The fee itself remains the same - 0.25% per month.

Is Google in trouble? The report sent the stock down 5%.

The giant fell short of its revenue forecast, and quite seriously: $69.1 billion versus the expected $71.34 billion. Although it is still an increase in annual terms, it is very weak. EPS is also not good: $1.06 vs. the forecasted $1.28. For the third consecutive report,

The country's largest digital companies don't want to create a fund of material compensation for users who were victims of personal data leaks

The IT industry is convinced that it would be more appropriate to invest in audits of information systems in order to minimize the risk of leaks. The problem with data theft in Russia is acute: according to InfoWatch, 305 databases were compromised in the first half of the year, 45.

Russia has permanently lost its main European oil and gas market and will face a drop in production - IEA

And it's true. According to Eurostat, Russian oil supplies to the EU are down 25% y/y. Russia is being replaced by Saudi Arabia and Iraq. However, it is also clear that breaking the "energy" link between Russia and Europe will be painful for both economies.

EU inflation unchanged - positive for markets

EU core CPI (Sep): 1.0% Forecast: 1.0% Previous: 1.0% Consumer Price Index (CPI) (YoY) (Sep): 9,9% Forecast: 10.0% Previous indicator: 9.1% Core inflation is unchanged, the energy market continues to push prices up, which has boosted core inflation. Despite this, CPI is still below

5G networks will cost 40-50% more because of Russian software - Kommersant

Telecom operators are concerned about the growth of costs for the construction of 5G networks due to the requirement of the Ministry of Communications, according to which from September 1, 2023 they can only register radio-electronic means of domestic production. Under such a scenario, all expenses on installation of 5G-ready

Cryptocurrency exchange Sgurtorau will support anti-Russian sanctions and stop working with users from Russia, - Izvestia writes

Until October 21, customers will be able to withdraw funds to another cryptocurrency, in any digital currency that the site supports, without restrictions. After - all assets of Russians will be converted to euros and will continue to be stored in the wallets. Withdrawal will be possible only through the

France launches direct natural gas supplies to Germany for the first time

Back in September, the two countries had already announced active cooperation on natural gas supplies. These measures will stabilize Europe's energy market.

The Nord Stream pipeline is now filled with water for a large part of its length, - Miller

Repair of Nord Stream may require replacing a large part of the pipe, he said. Miller also said that potentially new strings of the Turkish Stream will already use Russian turbines.

Hungary will not support the European Union's introduction of price restrictions on Russian gas, Foreign Minister

According to the minister, "the introduction of artificial limitation of gas prices is harmful, dangerous and jeopardizes energy supply of Hungary. In his opinion, such a measure will only cause a greater rise in prices and worsen the energy crisis. Now Hungary is not preparing for the coming winter, but

Sberbank continues closing its branch network - Kommersant

Sberbank closed a record number of offices in September - more than 500. This gives the bank substantial savings, which could amount to tens of billions of rubles a year.

The Central Bank may already switch to a new mechanism of setting exchange rates against the ruble, - Frank RG

Procedures for the establishment of the Central Bank's official exchange rates for foreign currencies have already been registered and may come into force. The Central Bank will use over-the-counter market data and bank statements (Form 701). If these two methods can not provide the necessary information, then the Central Bank

Monetary tightening in other countries could affect the U.S. economy through secondary effects, Fed minutes

Fed officials have determined that they need to adopt and maintain more restrictive policies in order to meet their goal of lowering elevated inflation. Also, many officials noted that when the Fed reaches its rate target, it will have to hold the high level for "some time."

Russia is ready to increase food exports in 2023, Anton Siluanov

Russia is able to meet the global food demand. However, this requires removing all financial, logistical and other restrictions, said the Minister of Finance of the Russian Federation. The sanctions not only create a deficit of goods needed in the market, but also create significant price fluctuations.

Britain will officially declare China a threat to the state

In the country's new strategic defense and security review, China will be called a threat, not a systemic competitor as before. Liz Truss is already beginning to show a more aggressive policy. The sentiment is bolstered by China's technological influence, which is seen as aggressive in England. Many politicians in

The UK economy will enter recession from Q4 2022, - Fitch

Fitch also predicts that UK GDP will shrink by 1% in 2023, although previously the size of the fall was projected at around 0.2%. The reason: sharp increases in UK interest rates. And also the unwise budget policy of the new prime minister, which led to a record fall

The EU is negotiating about 18 billion euros in financing for Ukraine, Bloomberg

The commission is still working on the details of the new plan, and some elements, including the size of the package, have not been finalized. Ukraine will need about $38 billion in foreign financial aid next year.

Apple is still a long way off. Google unveiled the new Pixel Watch

The new model of round smart watch from the technological giant contains similar design, operating system and functions to the Apple Watch. It is noted the high performance of the device and its ergonomics. Journalists have nicknamed the product "round Apple Watch", and it's true the new operating system and

The consequences of the energy crisis. Britain could face a three-hour power outage

A gas shortage is triggering a power shortage in the country. This may force the U.K. government to conduct a planned three-hour power outage (a standard blackout) this winter. Imports of French gas and reduced consumption could help solve this problem. However, other countries are experiencing similar difficulties, which

Britain's currency decline came as a shock to global financial markets

The fall of the national currency of Britain has caused a shock on the world financial markets. Markets in the U.S. and the EU showed sharp price fluctuations after the Bank of England announced an emergency bond purchase. The regulator is doing this in order to slow down the

Russia wants to sell debts of other countries

The Russian government in 2023 may receive the right to decide on the assignment of claims to foreign countries on their debts. These debts may be purchased by other countries or foreign legal entities that have not fallen under Western sanctions. This is reported by the RBC with reference to

The National Bank of China has lowered the yuan-dollar exchange rate to a two-year low

The  National Bank of China (central bank) on Monday lowered the average exchange rate of the yuan to 7.0298 to one dollar, according to data on the regulator's website. According to the bank, this is the lowest value of the exchange rate since July 2020. The yuan exchange rate

Europe considers new sanctions against Russian metallurgists

It is not yet known what types of products will fall under the import ban. However, the EU is heavily dependent on slabs from Russia, and it is very expensive to launch its own production or look for alternatives. The potential ban on the import of slabs may affect NLMK.

Pandemic caused a spike in U.S. residential real estate prices

The Fed study concludes that the shift of employees to remote work caused by the COVID-19 pandemic has triggered an increase in real estate prices. Fed experts say that the pricing of the real estate market has changed since 2020. The "remoteness factor" is now one of the key drivers

This year there will be no unfriendly non-residents at Mosbirzha

Sergei Shvetsov - head of the BOD Mosbirzhi reported that the site is dealing with issues of admission of foreign investors. However, this is not this year's project, the decision is postponed to the next years. Shvetsov said that the admission of such investors now, would destroy the Russian financial

Gas tariffs for industry and households will increase by 8.5% from 1 December 2022, the Ministry of Economic Development

And electricity transmission tariffs will be indexed by 9%. The next indexations are planned for July 2024. Previously, the increase in the cost of tariffs was planned in July 2023.

The Central Bank intends to limit the growth of consumer lending and, consequently, the debt load of the population

At the beginning of 2023, the Central Bank plans to introduce quantitative restrictions on consumer loans for banks with universal licenses and MFIs. Such a measure was to appear at the end of last year and is called MPL - macroprudential limits.

Forbes Russia to raise investment for rebranding

Russian magazine Forbes plans to raise a RUB 450 million investment to rebrand it under a new name "The Billions" and refinance its debt - RTVI. The money is needed to refinance loans and relaunch the publication under the new "The Billions" brand. "The Billions is first and foremost about

Gazprom is studying the possibility of expanding the LNG plant near the Portovaya station from 1.5 million tons per year to 3.5 million tons per year.

The project is planned to be implemented jointly with Ruskhimalliance. The project has the necessary infrastructure, so the increase in capital costs is not expected to be significant. At the same time, Gazprom has no access to the foreign equipment needed for the expansion. And domestic gas compressors are not

Strikes are called off. U.S. railroad companies reached agreements with unions

Union Pacific and BNSF improved working conditions for railroad workers and paid them early. The administration of the incumbent president helped to resolve the situation. The beginning of major strikes in the U.S., involving more than 100,000 people, could have brought a huge part of the U.S.

Germany is considering nationalization of Uniper, - Bloomberg

The government wants to save the company from bankruptcy. Uniper suffered a 12 billion euro loss in the first half of the year and accumulated a huge debt. The reason is the energy crisis.

Russia strengthens trade relations with former Soviet Union countries - RBC

Countries of the former Soviet Union increased exports from Russia in the summer not only compared to the spring, but also to last year. Trade growth was helped by Russia's reorientation of exports, as well as the strong ruble, which made supplies cheaper for importer countries. In addition, settlements in

ESG is "dying." U.S. banks are pushing oil and gas financing

Big U.S. banks such as Goldman Sachs and JPMorgan Chase are stepping up lending to commodity companies, including those in the oil and gas sector. Republicans accuse the banks of hurting the U.S. economy and commodity states in particular by reducing lending to "non-green" sectors. West Virginia last

Bitcoin is down more than 10% and trading around $20,000

Like all high-risk assets, bitcoin has reacted strongly to the inflation data. The Fed's upcoming 0.75-1% rate hike could cause an even deeper outflow of funds from crypto. Meanwhile, the Nasdaq is already down 5%.

OPEC countries participating in the OPEC+ deal increased oil production by 277,000 bpd in August, but fell behind the plan by 1.4 mln bpd

OPEC also left its 2022 and 2023 demand forecast unchanged. Leading economies are doing better than forecast, which means demand will be robust. The latest macro data shows that OPEC is right.

The Ministry of Finance will enter the bond market today: it will issue bonds maturing in 2031

The amount of the issue is 10 billion rubles. They will place OFZ-PD issue 26239. Coupon yield is 6.9% of face value. The usual duration is 6.58. We'll keep an eye on the placement coverage. If everything goes smoothly, the Ministry of Finance will enter the bond market

Bundesbank president: Inflation may peak in December and exceed 10%

In his opinion, further interest rate hikes are necessary in the next few months, as the inflation rate is too high. Joachim Nagel did not rule out a slowdown of the economy and recession. Recall that the ECB raised the rate by 0.75% this week.

Investors sold shares in Europe for $83 billion, - Bloomberg

Investors withdrew $3.4 billion from European equity funds in the first week of September, bringing the total outflow of investments for six months to $83 billion, calculated Deutsche Bank. BlackRock and Amundi cut stakes in Europe amid hawkish ECB monetary policy and the energy crisis. Analysts at Bank of

Biden postpones decision on Trump's tariffs on China - Bloomberg

The U.S. president does not yet intend to repeal the tariffs imposed by Trump. Earlier this summer, Biden signed a new tariff exemption process for manufacturing materials, from China, but has so far postponed a final decision. The Biden administration, for its part, is looking for ways to help

Alrosa estimates potential demand for investment diamonds at $200 million

Due to the possibility of selling such stones without VAT, the company positively estimates demand for them in 2023 at $200 million. The company's Director of Strategic Development said that demand for investment diamonds has multiplied. He also noted that diamonds are a non-renewable resource, so their supply in the

U.S. trade balance in deficit by $70.7 billion, previously -$79.6 billion - deficit narrowed by 12%

The dollar is rising in value on the data. A strong dollar will have a negative impact on U.S. stock prices today. Earlier we explained how the trade balance affects the exchange rate.

Home Credit Group has left the Russian market, - Frank Media

The company sold all its assets to a group of investors headed by Ivan Tyrishkin (Former President of the Russian Trading System Stock Exchange - RTS). They have already obtained operational control over the bank and its management.

Gazprom will place Russian Eurobond series 41 substitute bonds, - the company

Eurobonds of Series 41 were issued for the amount of $750 million. The coupon rate is 4.95% per annum, and the maturity date is March 23, 2027. The secondary bonds will have the same parameters in terms of the size and timing of coupon payments, maturity and face value.

From 1 October the Bank of Russia restricts sales of securities of "unfriendly" countries to unqualified investors, says the regulator

From 1 October 2022 brokers will not execute non-qualified orders for purchase of securities of issuers from unfriendly countries if the share of such securities in the portfolio of the investor exceeds 15%. From November 1, 2022 the threshold for such transactions will be 10% of the portfolio of the

European indices are down 2% or more - trading data

The main reasons are the suspension of Nord Stream and weak data on business activity. Gas prices in Europe jumped by 30 percent because of the suspension of the JV.

Ministry of Finance and Central Bank advocated the legalization of cross-border payments in cryptocurrency - Frank Media

Cryptocurrency settlements will partially help replace international SWIFT transfers. However, do not get too excited: legalization of transfers means control over transactions by the state. This is the official position of regulators. It is still unknown to what extent the Ministry of Finance and the Central Bank will regulate this

EU inflation in August +9.1% vs +8.9% in July, forecast 9%

The month-on-month change is +0.5% vs. +0.1% in July and expected +0.4%. Eurozone bond yields are making new highs. The probability of ECB rate increase by 0.75% is increasing. A more aggressive ECB policy increases the chances of a recession.

Mosbirzha will launch trading of Uzbek sum, - press release

Since September 12, the currency pair Uzbek sum - Russian ruble will be available for trading on the spot market and for swap overnight deals. Earlier Mosbirzha launched trade in Armenian dram and South African rand. The Exchange plans to launch 10-15 new currency pairs.

Yandex benefited from the asset swap with VK

The company exchanged assets with VK. Yandex will get Delivery Club, while VK will get Yandex Zen and Yandex News. Yandex now owns the two largest food delivery services. Service Yandex and Delivery Club occupy about a quarter of the market of delivery of ready-made food. And the delivery market

German company announces plans to build first LNG pipeline to German gas grid - Gascade

By the end of the year the company plans to build a pipeline several hundred meters long. The pipeline will make it possible to connect the floating storage regasification unit to land.

40% of Russians can't save money, VTsIOM poll

44% of Russians spend first on current needs and then save. Only 14% save first and then spend. The rest have insufficient funds. Those who do save save save, save in cash rubles (22%), place it on a time deposit (19%) or a checking account (12%), and invest it in

Apple enters the virtual reality segment - Bloomberg

The company has applied for registration of three trademarks: Reality Pro, Reality One, and Reality Processor. Apple plans to introduce its first AR headset as early as next year.

Zuckerberg admits for the first time to censorship on Facebook*, - interview with Joe Rogan

Zuckerberg confirmed that during the 2020 election, the social network restricted the release of compromising articles about Joe Biden's son, but did not completely ban it, unlike Twitter. Mark stated that the FBI came to him and said, "Just in case, we're letting you know that you need to be

Norway refuses to help EU in resolving energy crisis - Norwegian publication E24

Since August, Norway has been ahead of Russia in gas supplies to the EU. However, Norway does not intend to interfere in pricing and will supply gas at spot prices, - Norwegian Energy Minister Terje Åsland. Åsland added that the EU itself has abandoned long-term gas contracts in favor of

Russian Forbes will return to the old owner, - RBC

The Arbitration Court of Moscow invalidated the sale of Alexander Fedotov's company to Magomed Musaev of Forbes Russia in 2018. The manager of one of Fedotov's companies appealed to invalidate the purchase and sale agreement due to "the sale of shares below market value". The nominal value of the shares

The Russian budget will be short 700 billion rubles in dividends, Vedomosti

According to the forecasts of the 2021 Ministry of Finance, this year the budget was supposed to receive 1 trillion rubles in dividends. However, in fact, the budget will receive only 300 billion, which is half as much as last year. More than half of this amount the state will

OPEC+ may be inclined to cut oil production if production in Iran resumes - OPEC+ sources

Brent is up 3% and close to $100 a barrel. The Iran deal is still not "a matter of time. But many OPEC members are determined to cut production in order to keep prices high. There are risks that the association will work hard to keep prices above $100 even

The U.S. market starts the day slightly positive. Oilmen are saving the day

Shares of U.S. oil and gas companies continue to rebound from their June highs. The sector is up 4.3% on Tuesday. This allows the S&P 500 to gain 0.2%, despite the negativity surrounding the meds. Oil and gas producers will continue to rise. The price

UK business and manufacturing activity indices fell sharply

Composite PMI falls 1.2 to 50.9. The manufacturing and business activity indices are down 6.1 to 46 and 0.1 to 52.5, respectively. The manufacturing index is at its lowest in 27 months. Earlier, workers in the UK went on strike.

Business and manufacturing activity indices in Germany fall

Composite PMI falls 0.7% to 49.2%. The manufacturing and business activity indices fall 0.1% to 49.2% and 1% to 50.2%, respectively. Business activity is declining at a faster pace, indicating problems in the manufacturing sector. Companies are downsizing to cut costs in a tough, recessionary

German household appliance manufacturer Bosch is looking for a buyer for its Russian plants - Kommersant

Market participants believe that the plants could be worth up to 4.4 billion rubles. They consider Chinese or Turkish vendors to be the most likely buyers.

We expect the Russian market to fall," RIA Novosti poll

Analysts of investment companies and banks next week expect the Russian stock market to fall in major stock indices and the depreciation of the ruble against the dollar and euro, according to a survey conducted by RIA.

Yuan to the dollar at its lowest since 2020

Weak Chinese economic data and tight Fed policies are weighing on the Chinese currency. The dollar is once again saving the U.S. from a crisis. The growth of the U.S. currency against other world currencies reduces the cost of imports for the states. China, on the other hand,

Phosagro shares up 3% after strong earnings

Phosagro has also recommended a dividend for the first quarter with a yield of 9%. And then another intrigue unfolds: in July the company refused to pay the recommended dividends for 2021. Will the company pay now? The future of the company's quotes will largely depend on the state of

There are less and less cheap phones in Russia - shipments of smartphones priced under 10 thousand rubles fell in the first half of the year by 56% - GS Group

Shipments of mid-range phones decreased only by 24%. GS Group analysts believe that the supply of cheap smartphones decreased due to the departure from the Russian market of Samsung, which accounted for one-third of deliveries. In addition, Xiaomi and Realme reduced shipments by half. The chip crisis has also increased

1 billion rubles will be allocated for development of domestic equipment for gas liquefaction, - Mishustin

The funds will enable the launch and partial financing of four LNG projects for medium- and large-tonnage production. With declining pipeline gas supplies, LNG development is becoming critical to the Russian economy.

China's terrible heat wave: Reservoirs dry up in the southwest

Due to a record drought in China, hydroelectric power plants are closing. Companies in Sichuan province, manufacturers of solar panels, cement and urea, have closed or cut production after they were ordered to limit power for up to five days. On Wednesday, Hubei province in central China became the latest

The Labor Ministry proposed to postpone changes in the calculation of funded pensions until 2025 - Vedomosti

The amount of the monthly funded pension depends on the calculation period of payments. It was expected that the transition proposed by the Ministry of Labor to the calculation based on Rosstat data would begin in 2023. If the plans had been implemented on time, the expected period of payment

A sharp drop in sales of new buildings in Moscow and Moscow region makes developers to offer big discounts to buyers

Lots appeared at the market with a discount of up to 25%, and over the year the average size of discounts increased by 2.5 times. This trend, according to analysts, may lead to lower prices for apartments in new buildings, which developers are still afraid to do massively.

Rising prices of imported veterinary drugs threaten to reduce meat production in Russia - Kommersant

The Ministry plans to grant agribusinesses preferential loans for the purchase of veterinary pharmaceutical products, provided that they are 50% Russian. Industry associations argue that the measure can only lead to a new spike in the price of drugs and vaccines.

Gas in Europe remains at record highs: dried-up rivers drive gas demand

The gas situation in Europe is getting worse by the day. In Europe, the Rhine, the main shipping artery, has shrunk to a record. The Rhine used to carry coal and oil for refining. Since the shoaling, the process has become much more difficult. So the demand for Russian gas

Oil starts the new week with a strong drop - WTI dropped by 4%

The reason: bad macro data on China. The Middle Kingdom failed to meet analysts' expectations. And today Bloomberg analysts also raised the probability of a recession in the EU to 60%. So it's more likely to happen than not. Earlier the probability was 40%. All this negatively affects the demand

Biden will run for a second term, Bloomberg

U.S. President Joe Biden may announce his candidacy for a second term in late 2022 or early 2023, a few months after the November congressional elections. Trump, by the way, is also planning to take part in the election. However, Ron Desantis is likely to be nominated for president

Parallel import may stop working, - Kommersant

Suppliers of consumer electronics (tablets, smartphones, computers) fear that when the seasonal demand starts to grow in August, sellers from the EAEU will start refusing to ship equipment to Russian partners under the parallel import scheme. These countries will not sacrifice the domestic market.

Oil returns to growth - Brent +1%

Positive news on U.S. inflation has brought fuel demand back a bit. The Fed's progress suggests that the global economy is approaching a tipping point. Consumption will pick up as the economy recovers.

The Bank of Russia opposed a fixed exchange rate

According to the regulator, fixing the exchange rate now could be "harmful" to the economy. "A floating exchange rate is the best protection of the economy from external shocks, a stabilizer of the economy," said the director of the Central Bank's monetary policy department. According to him, economies with a

NOVATEK to replace European partners with Turkish ones - Turkish company will build a power plant for Arctic LNG-2

The power supply to the first line of the Arctic LNG-2 plant under construction will be provided by a floating thermal power plant manufactured by Turkey's Karpowership, Kommersant reports.The deadline for the plant's commissioning has not yet been announced. Contacts with the Turkish company were made after the international

Inflation in Germany was expectedly high

The eurozone's strongest economy continues to face challenges. Expensive energy increases the cost of producing goods and services, which is quickly passed on to consumers. Also, domestic liquidity in Germany has begun to shrink due to the EU's earlier plan to support crisis countries at the expense of more affluent

Tesla signs $5 billion deal with Indonesia - Reuters

The automaker has signed contracts to buy nickel products for its batteries. Several metal processing plants are involved in the deal. Tesla is trying to diversify its sources of raw materials. This is how the company intends to avoid possible geopolitical risks and undermining existing supply chains. This is a

Broker "Finam" will raise fees for withdrawal of dollars and euros from the brokerage account

The increase in commissions will take place on August 10. The changes will affect the withdrawal of foreign currency from brokerage accounts to all banks, except Finam Bank. The fee for withdrawing US dollars will reach 0.2% of the amount withdrawn, but no less than $30 and no more

Today Mosbirzha will allow access to the futures market for non-residents from friendly countries, for access to the stock market need further adjustment of systems

Admission of friendly non-residents to trading at Moscow Exchange is the first stage of foreign investors' admission to trading. The second is the launch of a separate market for unfriendly non-residents, but its timing is not yet known, according to RBC Investments.

Increased tensions between China and the U.S. could lead to the delisting of Chinese companies from U.S. exchanges

As recently as last year, U.S. regulators requested access to audit reports from Chinese companies. They wanted to conduct their own analysis of companies from the Middle Kingdom. After the Taiwan crisis, the dissatisfaction of U.S. regulators increased. China, on the other hand, is not willing to allow

Alexander Voloshin, the former head of the Russian presidential administration and current Yandex board member, as well as Alexander Smbatyan, founder of Genome Ventures, each received a 25% stake in Bloomtech.

The startup deals with platform solutions for the banking sector. It is a fintech platform for secure interbank analysis of individuals' account data in order to reduce the risk of fraud and default.

The credit crisis in China is entering a new phase, writes Bloomberg.

One by one, the bond prices of real estate developers are going down. At first it was relatively small and medium-sized companies, now the threat hangs over the largest ones, for example, China Vanke. The Chinese bond market is estimated at $870 billion.

Saudi Arabia raised oil prices for Asia - Bloomberg

Aramco is increasing the price of the Arab Light class by 50 cents in September. The current price is the highest ever. Remarkably, this decision came one day after OPEC+'s lowest oil production increase. Aramco's monthly decisions are seen as a "bell" for the oil market, and they are

Rosneft and Novatek will increase oil and gas supplies via the Northern Sea Route

The plan for the development of the Northern Sea Route until 2035 involves the launch by Novatek of the most important project Arctic LNG 2" in 2023. And the cargo flow from Vostok Oil, Rosneft's project, will be 30 million tons in 2024, and will more than triple by 2030.

EU calls for dialogue to reduce risks amid tensions in Taiwan - Reuters

"The EU is interested in preserving peace and the status quo in the Taiwan Strait," the bloc said. The EC spokesman said the EU has a "clear one-China policy," recognizing the Chinese government as the only legitimate government of China, and maintaining "friendly relations and close cooperation with Taiwan.

Roskomnadzor adds Aliexpress to the list of foreign Internet companies that comply with the law on landing - TASS

Recall what the law on "landing" implies. Owners of foreign companies with a daily audience of more than 0.5 million Russian users are obliged: Establish a branch, representative office or authorized legal entity in the Russian Federation,register a personal account on the Roskomnadzor website,Place an electronic form

X5 agreed on strategic alliance with "Krasniy Yar" and "Slata" - retailer

The Group will get 70% in these supermarket chains - one of the leading retailers in Eastern Siberia. Krasniy Yar GC includes 226 "Krasny Yar" and "Baton" stores in Krasnoyarsk region, Tuva and Khakassia with the total sales area of 103.5 thousand square meters. Slata" Group - 362 "Slata"

Uber shares gain 11% on premarket after report

The company's free cash flow became positive for the first time ever in the second quarter. Although the company's net loss was higher than expected: -$1.33 against the expected -$0.26. At the same time, revenues increased almost threefold, which indicates the further development of the business.

Yandex founder may trade control of the company for the opportunity to withdraw some assets abroad - The Bell

As a result of the possible division of the company's assets with its founder Arkady Volozh, control over Russia's Yandex may change The company may have new shareholders and management structure. In this case, Volozh will have an opportunity to develop some of its assets abroad independently of the company.

Mortgage lending slows in the UK - rising rates drive up the cost of living

The number of approved mortgages in the U.K. fell more than forecast in June, and consumers have sharply reduced borrowing, indicating that the crisis is increasingly squeezing the economy. However, consumer credit is on the rise. The surge in consumer loans may partly reflect the plight of people struggling

EU Composite Consumer Confidence Index for July: 99 (forecast 102, forecast 103.4)

Producers' problems are being shifted onto the shoulders of consumers. In addition to record price increases, consumers are faced with severe shortages. The shortages are caused by many factors: a virus and pandemic restrictions in China, falling energy imports and the loss of profitability in the production of some items

Starting from August 8, BCS Broker introduces a fee for keeping currency on the brokerage account and IIM

The commission will depend on the total balance on the account. The more foreign currency on the account, the lower the fee. If you have 1000 dollars, euros or pounds on your account - the commission will be 0.7%. It will be deducted every working day. At the minimum,

Vacations in Russia are becoming more expensive, but there is hope for foreign resorts

The average cost of recreation in Sochi has increased almost 1.5 times due to the high activity of travelers: a trip to the center of Sochi will cost at least 100 thousand rubles per person per week. At the same time Russian tour operators have launched the sale of

The most important day for stocks and the entire financial sector

At 21:00 Moscow time today, the U.S. Federal Reserve will announce its interest rate decision. Now the rate is at 1.75%, analysts and investors forecast an increase of 0.75%. The market is ready for such figures and in case of such decision from the Fed, it

Russian milk stays in boxes: Tetra Pak to transfer business in Russia to local management - TASS

"In order to ensure business continuity for its customers, as well as to maintain the availability of essential products, the company has decided to transfer its Russian division to a local management team," the company said in a statement.

China traded Russian aircraft technologies for Western ones: wide-body aircraft to be implemented without Russian Federation - South China Morning Post

Russia and China launched a joint project of a 280-passenger wide-body aircraft in 2017. Its cost is $50 billion. However, China rejected Russian technology. "China, as it becomes an industrial giant, is less and less interested in our services," former Deputy Prime Minister Yury Borisov admitted in June of this

Israeli prime minister puts pressure on Russia in case of liquidation of Jewish agency "Sokhnut" in the country - Kommersant

Former Israeli Ambassador to Moscow Zvi Magen said that the Israeli authorities are considering joining the Western sanctions. Recall that the Ministry of Justice in Moscow asked to liquidate the ANO "Jewish Agency "Sokhut" from July 28. The agency helped, among other things, with repatriation to Israel.

Central Bank of Kazakhstan raises key rate to 14.5% - peak inflation not yet passed

According to the NB, high inflationary expectations increase pro-inflationary pressure. After a rate hike from the Central Bank of Kazakhstan, the tenge is strengthening against the ruble by 2%. The sharp move by the Central Bank of Kazakhstan may continue to strengthen the tenge further.

The Central Bank of Russia lowered the rate by 1.5% to 8% - a decrease stronger than forecasted

The Central Bank explained why it cut the rate so sharply: inflation is slowing rapidly. The inflation expectations of the population have fallen to 2021 levels. At the same time, the economy is feeling better than expected. "The decline in business activity is slower than the Bank of Russia anticipated

Germany will buy a 30% stake in Uniper, Scholz confirmed

The German government has decided to buy a 30% stake in the German energy concern Uniper to save the company amid the financial crisis caused by cuts in gas supplies from Russia.

Oil production in Russia increased by 3.4% for the year, - Head of the Ministry of Energy

Oil production in Russia in the first half of the year was 3.4% higher than in the same period last year," Shulginov said. Coal production in the first six months of the year remained approximately at the same level as last year, he added. Gas production decreased by 5%

Jim Beam and Macallan in Russia are also under threat, - Kommersant

Beam Suntory (Jim Beam, Maker's Mark, Sauza) and Edrington (The Famous Grouse, The Macallan) have decided to sell their Maxxium Russia venture to local management.

China asks Western leaders to meet with Xi Jinping in November, Bloomberg

This meeting will follow a Communist Party of China meeting in the fall, at which Xi Jinping is likely to win support for a third five-year term. Wang, president of Beijing's Center for China and Globalization, said that a stable relationship between the countries would bring "net benefits" to all.

Sberbank and deposits of Russians are on the new EU sanctions list - Frank Media

The new EU sanctions package includes Sberbank, an embargo on gold from Russia, as well as additional restrictions on deposits by Russians, said Hungarian Foreign Minister Petr Szijjártó. He added that additional restrictions are imposed on public procurement and acceptance of deposits, as well as bans on other, mainly auditing,

"Planet of the Apes," or how the launch of the meta-universe by Otherside went

The long-awaited launch of the metaverse was attended by 4,500 users, and Otherdeed's NFT project sales exceeded $1 billion. The demonstration of the Otherside Metaverse project, connected with the Bored Ape Yacht Club of Yuga Labs, was successful. The project proved to be competitive, and the company managed to

Unicredit Bank will increase fees for cross-border SWIFT-transfers from July 29 - Frank RG

The fee for cross-border transfers, including transfers through the SWIFT system, will be 3%: minimum - $60, maximum - $300. For transfers within the credit institution's system, a 2% commission will be charged, with a minimum of $60 and a maximum of $250.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Inflation in Argentina hits 30-year high - Bloomberg

Consumer prices in Argentina rose in June at the fastest pace in more than three decades. The deterioration was expected after the resignation of the economy minister this month. Prices rose 5.3% in June compared to May, slightly less than analysts' forecast of 5.4%. On an annualized basis,

The government exempted six machine-building companies from the excise tax on liquid steel

The Ministry of Finance is not yet ready to cancel the excise tax for the entire industry, despite the drop in steel output amid sanctions and a stronger ruble. However, experts believe that the profitability of steel companies remains relatively high even in the current environment.

Rating of countries, where in the past six months, wealthy Russians often bought real estate led Turkey

The second line in the ranking is the United Arab Emirates with a share of 17%, according to Forbes. The third most popular country was Thailand with a share of 16%. This destination is chosen by wealthy Russians who are interested not only in a residence permit, but also the

VK will let communities monetize live broadcasts, - RB

Users' viewing of advertisements before the live broadcast lasting up to 30 seconds will generate revenue for communities, the social network said. The new format will be available on the platform "VK Video" in broadcasts on the desktop and in the mobile version.

There is no need to vaccinate against smallpox now, - Rospotrebnadzor expert

The most important thing is to observe precautionary measures, said Natalia Pshenichnaya, Deputy Director for Clinical and Analytical Work of the Central Research Institute of Epidemiology of Rospotrebnadzor. There is a risk of importation of new cases of monkeypox in Russia, taking into account that this is the period of

Any restrictions on Russian oil prices should include refined products - IEA Executive Director Birol

The IEA is working on a plan to coordinate a response to critical supply disruptions. Birol hopes that the G7 plan to impose price caps on Russian oil will gain support from several countries.

Tinder awaits trial: RKN wants to localize data of Russians

The RCN protocol was drawn up because of Match Group LLC's refusal to localize personal data of Russians on the territory of the country. "The court hearing to consider the protocol on administrative offense against Match Group LLC will be held on July 28 at 11:00 a.m. Moscow

The new Deputy Minister for European Integration at the Ministry of Social Policy of Ukraine appointed 25-year-old Anna Sergeeva

The Strana newspaper reports that the respective decree was signed by the head of state Uladzimir Zelenski. According to the same information, Sergeeva previously did not work in the civil service. At the same time, despite the lack of the necessary experience, her salary is 68 thousand hryvnias (146 thousand

Biden mulls trip to Saudi Arabia: Shaking hands with pariah? - Reuters

The media is discussing Biden's preparations for a trip to Saudi Arabia, whose government he called a "pariah" in 2018 for allegedly intentionally killing a Washington Post journalist. Now Biden's priorities are in question: oil plays a big role. Moreover, the Biden Administration is discussing a possible lifting of the

St. Petersburg Stock Exchange prepares to admit shares of BRICS issuers to trading - RBC Investments

This was announced by Yevgeny Serdyukov, deputy director general of the exchange. Implementation of the plan may be possible after increasing the number of Hong Kong instruments on the SPE exchange from 12 to 50, as well as after the launch of trading in shares of mainland China.

Is COVID making a comeback? BA.5 subvariant threatens a new wave of disease in the U.S. - The NYT

According to U.S. federal estimates, the Omicron subvariant, known as BA.5, is now dominant in the states. Its resistance to existing vaccines could cause a new outbreak of the virus. Despite the mild symptoms of the BA.5 and BA.4 subvariants, both viruses pose a serious threat.

Fed officials believe a 50 or 75 basis point hike is likely at the FOMC meeting in July - Fed meeting minutes

Many FOMC participants saw a significant risk of entrenched inflation. Even more restrictive policies are possible in the future. Participants at the June meeting agreed that the inflation outlook had worsened, requiring a 0.75% rate hike. To date, participants have seen little evidence that supply constraints are loosening enough

IMF head Georgieva: I cannot rule out a possible global recession in 2023

The IMF will revise its previous global growth forecast of 3.6% in 2022 and 2023 downward. The outlook for the global economy has deteriorated significantly since the last economic report in April.

Wheat futures price lost all of its 2022 gains amid good U.S. harvest

Also note that corn and soybeans are turning around. Thus, price pressures in the U.S. may fall, and hence Fed policy will be softer.

State Duma allowed to issue "substitute" bonds, - document

The State Duma passed a law allowing Russian issuers with outstanding Eurobonds to issue replacement bonds in 2022.

There was a collapse in a mine in Kuzbass - TASS

The Raspadskaya-Koksova mine in Kuzbass suffered a rock fall, about 190 miners are being evacuated, a source said. Two miners did not get in touch after the collapse. The cause of the collapse at the mine was a seismic event, the company said.

BitMEX has decided to follow the path of EU sanctions against Russian users, according to the company's letter

Screenshots of the letter to users with the "updated policy on banned jurisdictions" appeared online. Access to the platform is now restricted to Russians.

NFT sales down more than 90%, - Independent

The decline in sales occurred against the background of the crypto-zine. While at the "peak" between August and November of last year, NFT sales often exceeded $200,000 a day, now they barely reach $19,000. Previously, the hype surrounding NFT was fueled by the interest of stars such as

Parallel imports are being finalized: BMW and Siemens nomenclature expanded - RIA

The Ministry of Industry and Trade of Russia corrected the list for parallel imports and sent it to the Ministry of Justice, BMW and Siemens nomenclature is expanded, Lego is added to the list, Duracell, Merries and a number of other brands are excluded.

Natural gas in the U.S. cheapens 13% and trades at about $5 per million thermal units

Gas in the US keeps getting cheaper after a fire at Freeport, the largest LNG export terminal in the states. Today the EIA reported a rise in U.S. gas reserves, which means domestic supply is stabilizing.

Biden continues to lose voter confidence

According to the latest NYT poll, only 31% of Americans are happy with Biden's policies regarding support for people's financial well-being. Fifty-two percent of Americans believe their financial situation has worsened since last year.

Head of Russian traffic police is confident that the status of electric scooters will be settled by the end of 2022 - TASS

Earlier, it became known that Whoosh's kickshare will debut on the bond market. According to experts, the imposed economic sanctions will have a limited impact on the company's business, which is developing dynamically.

Unemployment in Russia may reach 8%: forecast worsens - Kommersant

By the end of the year, the number of jobs may decrease by 2 million, causing the unemployment rate to rise from 4.4% to 7.8%, says ANCOR Vice President for Operations Management Mironov. The reasons are the same: the departure of foreign companies. The expert predicts two outcomes:

Florida Republican could turn U.S. political vector, The Hill

Florida Governor Ron DeSantis, who burst onto the political scene in 2018, is rated as one of the most promising candidates for the U.S. presidency in the next election. DeSantis has earned popularity after a "brazen veto" of the Democrats' plan to implement a redistricting process. DeSantis also has

Interactive Brokers closes access to paid market data, users report

Starting July 1, market data from the NYSE will not be available by subscription. Users with paid subscriptions were notified about this. There is an assumption that the restriction will not apply to normal use and display data with a delay.

Shopping malls can now unilaterally terminate lease agreements, - RBC

The State Duma approved new rules for calculating rents with companies from the trade and catering spheres. Shopping centers now have the right to unilaterally terminate lease agreements with stores and cafes that are directly or at least indirectly connected with "unfriendly states.

State Duma passes law on recyclables and separate collection - TASS

It establishes the concept of "secondary resources" and "secondary raw materials", as well as provisions, "the implementation of which will ensure the development of the system of treatment of secondary resources.

Stopping Russian gas supplies to Germany will lead to the collapse of the world's largest chemical company - WSJ

The German chemical company BASF SE worked for many years on cheap Russian gas. Now one of the largest chemical complexes in the world is forced to reconsider its business model. The goods produced at a chemical plant start the production cycle of many industrial chains. If BASF fails to

Number of pigs grown in Germany fell to a record low, - Bloomberg

By May 3, the number of pigs in Germany had dropped to 22.3 million, according to research, the lowest number since the country's reunification. A shock for a country known for its sausages. The rapid drop in numbers underscores the stress livestock farmers around the world are facing this

WTI oil loses almost 4%

The price of U.S. oil continues to fall amid the decisions of the Biden Administration. Today the U.S. president addressed Congress with a proposal to cancel the fuel tax for 3 months. Also, state authorities are trying to encourage producers of petroleum products to increase production rates in

Inflation hits Canadian steelworkers and loggers

Shares of Canadian mining, steel and timber companies have lost all of this year's gains. The Bank of Canada's tightening policies and record inflation since 1983 are slowing demand in the economy for raw materials. "Rates are rising, and that will hit all cyclical industries," said Stifel Canada managing director

Fed really can't do anything about oil prices - Powell

Price inflation is a macroeconomic issue, he believes. We need a restrictive policy, and that is where we are headed. We don't think we've seen the full effect of quarantine in China yet.

Inflation is hitting my people so hard they're coughing up bones - Senator John Kennedy

That's how the Los Angeles Republican addresses Fed Chairman Jerome Powell at today's Senate Banking Committee hearing on monetary policy and the economy.

Brent oil falls by 5% - quotes below $110 per barrel

Oil heard Biden and still retreated from the highs of June. It's the reduction in demand due to the increase in rates by global central banks.

No information about possible talks between Xi Jinping and Biden - PRC officials

It is important that the U.S. and Chinese leaders talk, they added. Xi will open the BRICS meeting this week, where he is expected to present plans for an alternative center of power for the G7 and NATO.

Germany's Uniper received less gas from Russia than the contract stipulated, Bloomberg

As it follows from the letter of the company's representative, the energy concern received 25% less than promised gas. The volume of supplies decreased after Gazprom reduced gas supplies via Nord Stream. Today it was reported that the company received even less than half of the promised energy resources. Recall,

The Ministry of Finance will act with an eye to the Central Bank policy, increasing budget spending in response to a tightening of monetary policy and vice versa - Siluanov

We are adjusting tax policy to the current challenges, we can not talk about its immutability in the coming years, but all decisions will be balanced, the official added. Russia's debt service costs are already reaching 400 billion rubles per year, and will exceed 2 trillion rubles in 2025, even

Jerome Powell: The neutral rate "is pretty low these days."

The data show that inflation expectations that short-term inflation will be high still hold, but are falling sharply in the medium term. Fed inflation expectations have also risen. We have not decided how tight our policy restrictions should be. A compromise can always be found. Any recommendations we make are

Clients of broker "Otkritie" report that the broker imposes restrictions on currency trading

Restrictions are imposed on the opening of new unsecured positions and positions with partial collateral in currencies: Yuan, Euro, Pound, Dollar. Also unsecured positions are closed and a restriction is imposed on the use as collateral for open positions in pounds.

U.S. failed to reduce chip production capacity in China - Bloomberg

China's semiconductor industry is showing signs of prosperity, despite the evidence of Trump and his successor, Biden. Chinese orders for chip-making equipment from foreign suppliers rose 58% in 2021, making it the largest market for these products for the second year in a row.

Sberbank proposes to allow the self-employed to parallel imports - RIA Novosti

Sber has also proposed expanding the list of countries whose citizens can obtain such a status in Russia. The deputy chairman of the bank Popov believes that parallel imports can hardly be considered "the destiny of professionals" - "everyone remembers how RAM for computers was brought in suitcases from Singapore"

Poland is ready to give up its objection to the minimum corporate tax

Poland intends to withdraw its objection to the directive that the EU wants to use to implement a global minimum corporate tax. This raises hopes for adoption of the measure in all 27 EU member states. Unless other member states raise objections, the move will clear the way for an

Gazprom Neft asks to clarify taxation for service risk agreements

The company proposes to work out the tax parameters of income under service risk agreements (SRA) These agreements exempt foreign investors from the friendly countries of China, India and the UAE from the risk of secondary sanctions.

Crypto Monday - Payback for Investors in Digital Assets

That's the name given to what's happening in the cryptocurrency market today by CNBC's Jim Cramer. In his opinion, this is only the "first day" of the market crash. Ironically, Cramer himself managed to sell off his crypto assets "with virtually no loss" from his initial investment. Kramer also noted

Google, Twitter, Microsoft and other tech companies will have to fight dipfakes, fake accounts - Reuters

According to the agency, the European Union plans to publish updated rules for technology companies regarding disinformation content on their digital platforms on June 16. If companies fail to comply with the new provisions of the EU Code, they could face heavy fines.

Loans in Russian banks will become cheaper after the reduction of the rate of the Central Bank, - Prime

Russian banks are ready to adjust the cost of loans after the reduction of the key rate of the Central Bank of Russia, some market participants even did it in advance, without waiting for the decision of the regulator. As for deposit rates, most of the surveyed banks want to

Transit of Russian gas through the territory of Ukraine may amount to about 41.9 million cubic meters per day - TASS

A decline in Norwegian gas supplies as a result of major field shutdowns for repairs reduced gas injections into Europe's underground gas storage facilities. During the gas day on June 8, the level of reserves in UGS increased by only 0.26 percentage points, which is the lowest value since

Unification of FIU and Social Insurance Fund supported in the State Duma, - Ministry of Labor

This change will increase the upper limit of payments for sick leave, maternity benefits by one and a half times, said Vyacheslav Volodin. A single fund will begin to operate on January 1, 2023. Funds, which will be released after the optimization of costs for the maintenance of the apparatus

People around the world will be poorer in 2022, the OECD predicts

Inflation in rich countries is expected to rise considerably, up to 9%. In the Netherlands, for example, inflation will be 9.2% this year. In the UK, prices are projected to rise by 8.8%, twice the December forecast (4.4%). The rate of economic growth is likely to fall.

Citigroup lost $50 million to "fat finger" trader - The WSJ

Citigroup lost $50 million because of a trader with a "fat finger," - The WSJ Citigroup's London-based remote trader mistakenly added an extra zero to the total on the morning of May 2. The consequence was a collapse in European stocks - after a 5-minute sell-off in the OMX Stockholm

EU will solve the issue of using a single charging port for gadgets - FC

The EU authorities will make a final decision on the use of a single charging port for smartphones, digital cameras, tablets, wireless headphones and other headsets, as well as game consoles and portable speakers. Laptops will not be affected by the decision. The idea of using a single standard for

Kazakhstan will change the name of the oil brand due to sanctions against Russia, - Reuters

Kazakh producers decided to rename the oil to "separate" from Russian Urals. As the reasons, the interlocutors of Reuters named the unwillingness to impose sanctions and the desire to facilitate sales. Since June 2022, the following grade name has been applied - KEBCO - Kazakhstan Export Blend Crude Oil.

Amazon leaves top executive after 23 years at company - RB

Dave Clark has left his position as Amazon's head of retail business to "build something new again," the memo notes. Clark had worked at Amazon since 1999. He had led the corporation's retail business since 2021.

Chinese President Xi Jinping has instructed his advisers to find a way to help Russia financially without violating sanctions, The Washington Post quoted U.S. and Chinese officials as saying.

According to the paper's interlocutors, Beijing is in a difficult situation because, on the one hand, it wants to help "its most important strategic partner" and, on the other hand, it fears that in response the U.S. and its allies will impose sanctions.

If inflation doesn't slow down, another 50 basis point increase may be appropriate, - Fed's Brainard

I do expect to see some cooling of the economy over time," Brainard of the Fed If inflation does not slow down, another 50 basis point hike may be appropriate. The market's estimate of a 50 basis point rate hike in June and July seems to be a credible path.

All U.S. Federal Reserve Banks Reported Continued Economic Growth - Fed Beige Book

Most FRBs reported strong price increases in the regions they oversee. Rising input prices in particular were noted. Eight of the 20 Reserve Banks reported that respondents' expectations for future economic growth were declining. Three banks expressed concern about recession risks.

Tesla delays deliveries of some models in the U.S. by a month

According to Reuters, the company is delaying deliveries of the Model Y from December to March, the Model 3 from September to December, and the Model X from February to May 2023. Tesla attributed the delays to supply chain problems caused by disruptions in China. Analysts believe that delays in

Fed's Williams: Central banks' role in providing liquidity and stability will remain, but digital currencies could change that

The digital revolution in payments and money could have implications for the central bank. It is important for the Fed to understand how digital technology affects the economy, the financial system, and policy implementation. Stablecoins and CBDCs carry both risks and opportunities, Williams added. Bank of England's Hauser: Digital currencies

Daley from the Fed: High inflation has lasted too long

According to Daley, Fed officials hope to reach the 2.5% rate by the end of the year. She also called for reaching the target neutral rate as soon as possible. Daley expects at least a "couple" of 50 basis point hikes in the near future. However, she did not

Fuel prices in the UK rose to new records

According to the automotive organization RAC, the average price of diesel fuel in Britain reached $2.31 per liter on Saturday. The average cost to fill up a family car exceeded 100 pounds, which could seriously affect consumer spending. Prices for regular gasoline are also at record levels. The average

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future.  However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

Rivian's executive in charge of production engineering is leaving the company, - Yahoo!

Rivian Automotive announced that Charlie Mwangi will leave the company. He helped Rivian get the electric car manufacturing process up and running. Mwangi, a former Tesla Inc. executive, has served as executive vice president at Rivian since May 2020. He launched the R1T pickup truck and the R1S SUV in

The share of mining in the structure of energy consumption in Russia has exceeded 2%, which is more than the consumption of agriculture - Interfax

The "miners" of digital currencies account for more than 2% of the total amount of electricity consumed in Russia, it is more than agriculture, so the market should be "whitened" and regulated, said Deputy Head of the Ministry of Industry and Trade Vasily Shpak. He recalled that the mining of

Twitter investors sued Musk - Reuters

Twitter shareholders sued the billionaire for delaying disclosure of his stake in the company. According to them, Musk "saved" $156 million by buying a large number of shares in the social network without announcing it. "By delaying disclosure of his stake in Twitter, Musk manipulated the market and bought Twitter

Nvidia is up just 3.5% after a good report. Forecasts got off to a rocky start

Despite the quarterly report exceeding analysts' expectations, the outlook for the current quarter was worse than expected amid a "challenging macro environment. The first quarter of 2022 was positive for the semiconductor manufacturer. Revenue was up more than 46% year over year to $8.29 billion, with EPS of $1.

Gazprom announces record dividends in the history of the Russian stock market - 52.53 rubles per share

The dividend yield on Gazprom shares could be 19.17% relative to the company's current share price. Last date of purchase: July 18, 2022. Total dividend payments will be RUB 1 trillion 243.570 billion. - 50% of the Gazprom Group's IFRS adjusted net profit for 2021.

Britons will be compensated for rising electricity and gas prices, - BBC

This fall, every household in Britain will receive a £400 discount on their gas and electricity bills. The authorities are trying to cushion the population from rising prices in the country. The £15 billion package of new measures will be financed in part by a 25 percent tax on windfall

Twitter pays a fine

Twitter has agreed to pay a $150 million fine for disclosing user data. The lawsuit was filed in the Northern District Court of California. It states that from May 2013 to September 2019, the social network misled its users about how their personal data will be used. Twitter users' phone

Money laundering in Moldova again. The network is closed.

The amount in question was about €1.5 million. 24 people were detained. A consulting firm from Chisinau, registered in Cyprus, brazenly deceived clients. The victims were persuaded to invest tens and hundreds of thousands of euro, including in the Forex market. When clients deposited money into accounts managed by

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of

Bank of Russia intends to negotiate with two "tourist" countries in the summer to accept the cards "Mir" - first deputy chairman of the Central Bank Skorobogatova

The Central Bank of Russia is in favor of extending the program to reimburse businesses for commissions for payments to the SBP by QR code, the first deputy chairman said. Bank of Russia allows the exchange of digital ruble into foreign currency and opening wallets to non-residents from 2024

Insiders earned $1.7 million on listings

The Wall Street Journal released a report from Argus in which analysts studied the transactions of several addresses. The study found facts that could indicate insider trading. The research shows that wallets were buying tokens before they were listed and selling them immediately afterwards. In total, Argus found 46 addresses

Everstake donates $10 million to Ukraine

Ukrainian blockchain company Everstake, together with co-founders Sergey Vasilchuk and Evgeniya Zayfert, donated $10 million to Ukraine. Everstake is also encouraging the cryptocurrency community to continue donating to Aid For Ukraine. To this end, they, together with the Ministry of Digital and the creative agency Bickerstaff.734, made a rap

Stocks

📈 Shares of biopharmaceutical Pfizer (+5.1%) are up. The company's quotes are rising after the FDA (U.S. Food and Drug Administration) meeting, which granted approval for booster doses of the COVID-19 vaccine for children in emergencies. However, it is unlikely that this will lead to any additional orders for

Validators support the Terra fork

As of this writing, Terra validators, support Do Kwon's plan to fork the network. According to the vote, about 80% voted yes. The vote will last another five days. It is noteworthy that a few days before, in the comments to Do Kwon's proposal, the community arranged their own poll,

BitMEX launches spot cryptocurrency marketplace

Global cryptocurrency derivatives exchange BitMEX will allow retail and institutional investors to buy, sell and trade digital currencies. The company announced that it is launching its own spot cryptocurrency trading platform, BitMEX Spot Exchange. At launch, the exchange will support seven cryptocurrency trading pairs: BTC, ETH, Polygon (MATIC), ApeCoin (APE)

BitMEX launches spot cryptocurrency marketplace

Global cryptocurrency derivatives exchange BitMEX will allow retail and institutional investors to buy, sell and trade digital currencies. The company announced that it is launching its own spot cryptocurrency trading platform, BitMEX Spot Exchange. At launch, the exchange will support seven cryptocurrency trading pairs: BTC, ETH, Polygon (MATIC), ApeCoin (APE)

Microsoft tries to dodge EU antitrust suits

Microsoft will review its licensing agreements and make it easier for cloud service providers to compete. The company's president, Brad Smith, said Wednesday. Microsoft was previously fined $1.7 billion by EU antitrust authorities for antitrust violations over 10 years. The company came under scrutiny again by the EU antitrust

Tesla no longer ESG: S&P Dow Jones Indexes says it has removed Tesla from its S&P 500 ESG index

The S&P executive cites problems, including Tesla's handling of the investigation after accidents involving autopilot.

Target shares fall 24% on premarket after disappointing report

The company failed to meet analysts' earnings expectations. As recent reports have shown, retailers are struggling to keep up with rising inflation. Consumers are choosing cheaper products, reducing companies' margins.

It's official: U.S. to ease some sanctions against Venezuela

The U.S. Treasury Department issued a general license that allows the oil company Chevron to begin negotiations with the Venezuelan government on future activities in the country. Oil from Venezuela will "trickle" into the market. A significant increase in supply could have a negative impact on pricing and, consequently,

Wallmart shares plummeted 9% after disappointing report

The company failed to beat earnings expectations. At the same time, the company lowered expectations for the coming year - EPS and operating profit may decline by 1%. The reason: rising inflation, higher delivery costs and rising hourly wages. As the company's CFO notes, consumers in the U.S. are

McDonald's may still return to Russia, but far from soon

The executive director of the corporation Chris Kempczynski said in a letter to staff that a return to Russia in the "foreseeable future" is unlikely. But he said that under favorable conditions, McDonald's may return. Kempczynski said that after selling the business in Russia, restaurants must change their brand, trademark

Renault sells its Russian business and a stake in the Lada manufacturer for two billion euros

In this case, the company will write off assets from the accounts for the amount of 2.2 billion euros. Russia accounted for about 10% of Renault's sales and half of its operating profit.  Renault has lowered its operating margin forecast for 2022 to 3% from 4%. However, the company

UniCredit and Citigroup are in talks to sell their Russian divisions to local financial institutions.

In particular, Interros of Vladimir Potanin, which had previously bought 35% of Tinkoff Group, claimed UniCredit's business.

Saudi Aramco's first-quarter net profit rose 82% to $39.5 billion, the company said

Saudi Aramco's hydrocarbon production in the first quarter was 13 million barrels of oil equivalent per day, the company said.

Tech companies have asked the U.S. Supreme Court to block a new Texas law

At issue is a law prohibiting social networks with more than 50 million monthly active users from blocking members based on their political views. Meta, Twitter and Google, filed an emergency request to the U.S. Supreme Court to suspend a Texas law that prohibits major social networks to block

Apple is testing a smartphone without a Lightning port

The company said that future models may be produced with the more common USB-C charging port. Apple smartphones without Lightning may not go on sale until 2023.

Carvana predicts significant revenue in 2023

The online used-car retailer laid out plans to cut spending on advertising, expansion and other areas to offset falling demand. The forecast comes days after Carvana said it would lay off 12% of its employees.

Ups and downs: Lyft slowed down and CarParts gained momentum

Here's a recap of the week. We've reviewed the companies whose stocks have seen the sharpest movement these days. 📈 Online auto parts retailer CarParts was one of this week's growth leaders. Their stock is up 37.7% . Investors were pleased with the retailer's report. The company managed to show a

SEC head equates crypto-assets with securities

The SEC will seek to gain control over regulation of the crypto sector, which could entail severe restrictions. "Token purchases are investment contracts. Under U.S. law, an investment contract involves "investing money in a common enterprise with a reasonable expectation of profit from the efforts of others," Gensler said

Siemens leaves Russia for political reasons

The German industrial-technology group said Thursday it is ending its involvement in the Russian economy. Siemens is currently the latest multinational company to announce an exit from Russia and related losses. In the second quarter of 2022, the company's losses totaled about $630 million. The company cites the conflict in

Election crisis: 6 Republicans subpoenaed

A House committee on Jan. 6 is issuing subpoenas to five Republican congressmen, including House Minority Leader Kevin McCarthy The committee wants to question McCarthy about his ties to Trump after the Jan. 6 attack on the Capitol.

Volkswagen plans to enter the electric pickup market in the U.S.

According to Reuters sources, the German automaker will invest about $106 million in its new Scout brand. The concern will create an independent company with production starting in 2026. VW Group CEO Herbert Diess said that "electrification presents a historic opportunity to enter the U.S. pickup truck market." Volkswagen

Pfizer buys Biohaven for $11.6 billion

The deal should put an end to the protracted M&A lull in the biotech sector. Piper Sandler analyst Christopher Raymond also thinks so. He believes that the Pfizer deal could restore sentiment about mergers and biotechnology in general. The U.S. biotech sector experienced its worst April since

Toyota warns of possible 20% drop in profits

Toyota Motor has warned that "unprecedented" increases in raw material prices could cut annual profits by one-fifth. Supply chain problems have also caught up with the world's largest automaker. Toyota fared well in the first months of the global semiconductor shortage thanks to its large stock of chips. However, the

McDonald's may resume operations in Russia under another brand

"The company intends to save the funds already invested in Russia, which went to the development of the restaurant chain. Therefore, it is logical that the company is now looking for a way to do exactly that," adds the source. Another source stressed that the network has not yet made

Oleg Tinkov received 33 times less for his stake in Tinkoff Bank than he would have

The company was worth $8 billion, three times less than it was worth "before," Tinkov added. His 35% stake was worth less than $2 billion and he sold it even cheaper. Tinkov said he received only 3% of the company's value of $22 billion when he was already thinking about