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Blockchain Game "Off the Grid" Takes the Top Spot in Epic Games Store’s Free-to-Play Section

In October 2024, an early access release in the Epic Games Store caught the attention of gamers worldwide. "Off the Grid," a blockchain-based Battle Royale game, surged in popularity, securing the number one spot in the free-to-play (F2P) category. Developed by Avalanche and built on their blockchain platform GUNZ, the

VanEck Launches $30 Million Venture Fund to Invest in AI and Crypto Assets

In a significant move within the financial industry, VanEck has announced the launch of a $30 million venture fund aimed at investing in early-stage projects within the artificial intelligence (AI) and cryptocurrency sectors. As one of the issuers of spot Bitcoin ETFs, VanEck Ventures is set to make a notable

Caroline Ellison Hires Former SEC Official to Safeguard Her Interests Amid FTX Collapse Investigation

In a significant development regarding the ongoing federal investigation into the FTX collapse, Caroline Ellison, the former CEO of Alameda Research, has retained the services of Stephanie Avakyan, a former high-ranking official at the U.S. Securities and Exchange Commission (SEC). This strategic move is reported by Bloomberg, reflecting the

Report Reveals Cryptocurrencies Outperforming Stock Market: A Closer Look at Bitcoin's Potential Rally and Market Trends

In a recent report from the investment firm Canaccord, it has been highlighted that cryptocurrencies are continuing to outperform the traditional stock market. This insight has garnered attention, particularly as experts predict that a Bitcoin rally may begin between now and April 2025. Additionally, analysts foresee a potential decline in

Powell's Speech Will Provide Insights on the Future Path of Federal Reserve Interest Rates: How the U.S. Federal Reserve Shapes Economic Outlook

This month, all eyes in the financial world will be on an important speech by U.S. Federal Reserve Chairman Jerome Powell, who will participate in a discussion titled "A Look from the Perspective of the FOMC" at the annual meeting of the National Association for Business Economics in Nashville.

Circle Introduces Compliance Engine for Monitoring Suspicious Transactions in Cryptocurrency Wallets: A Comprehensive Overview

Circle, the renowned issuer of the USDC stablecoin, has recently unveiled its latest service, the Compliance Engine, aimed at enhancing the security and integrity of cryptocurrency transactions. This new product is specifically designed for developers of cryptocurrency wallets and offers a robust solution for monitoring risky and suspicious transactions across

Cryptocurrencies and U.S. Stocks: Correlation Hits a Two-Year High Following Fed Decision

The correlation coefficient between cryptocurrencies and U.S. stocks has reached a two-year high, now standing at 0.67. This significant development comes on the heels of the Federal Reserve's (Fed) recent decision to lower interest rates. According to Bloomberg, such a correlation hasn't been observed since the second quarter

ZachXBT Investigates the Theft of $243 Million in Bitcoin: A Comprehensive Look at One of the Most Notorious Cyber Heists in Recent Memory

In a groundbreaking investigation, renowned on-chain analyst ZachXBT has brought to light the theft of 4,064 BTC, worth approximately $243 million, from the cryptocurrency lending firm Genesis. This well-orchestrated heist was carried out by three cybercriminals who exploited the victim through social engineering tactics, posing as Google support personnel.

Bitcoin Whale Awakens After Nearly 11 Years of Dormancy, Transfers 43 BTC

On September 16, 2024, a significant event shook the cryptocurrency world when an anonymous Bitcoin whale transferred 43 BTC, worth approximately $2.54 million at the time of the transaction. This long-dormant whale had not moved any of their Bitcoin assets for nearly 11 years, making this transaction a notable

Bitcoin Whales Move 293 BTC After 11 Years of Inactivity: What Does It Mean for the Market?

On September 10, 2024, a significant on-chain event occurred when two dormant Bitcoin wallets, often referred to as "whales," suddenly came to life after nearly 11 years of inactivity. These wallets, long forgotten or assumed lost by many in the crypto community, moved a total of 293 BTC. This event,

Caroline Ellison’s Sentencing Set for September 24, 2024

On September 24, 2024, a New York court is set to hand down a sentence to Caroline Ellison, the former CEO of Alameda Research. This highly anticipated event follows Ellison's collaboration with authorities and her pivotal role in testifying against Sam Bankman-Fried, the former CEO of FTX, with whom she

Vitalik Buterin Reflects on Changes in the Ukrainian Crypto Community and Their Impact on the Ethereum Ecosystem: Insights from Incrypted Conference 2024

Vitalik Buterin, co-founder of Ethereum, recently attended the Incrypted Conference 2024, which took place as part of the Ukrainian Blockchain Week in Kyiv. During his visit, Buterin shared his thoughts on the evolution of the Ukrainian crypto community, offering insights into its significant contributions to the Ethereum ecosystem, and commented

Vitalik Buterin's Perspective on the Concept and Key Objectives of Airdrops

Vitalik Buterin, the co-founder of Ethereum, recently explored the concept and key objectives of airdrops in the ever-evolving cryptocurrency landscape. As a prominent figure in the crypto community, Buterin's views offer valuable insights into the role that airdrops can play in the blockchain ecosystem, particularly in the context of zero-knowledge

Pig Butchering Schemes Surge in 2024: A Closer Look at the Rise of a Dangerous Cybercrime Trend

In recent years, the digital landscape has become increasingly fraught with sophisticated and evolving cyber threats. Among the latest developments in the realm of cybercrime is the alarming rise of a scheme known as "pig butchering." According to a new report from Chainalysis, a leading authority in blockchain data analysis,

Market Capitalization of RWA Funds Surpasses $2 Billion: A Deep Dive into the Rapid Growth of Tokenized Treasury Bonds

In recent months, Real-World Asset (RWA) funds have seen a surge in market capitalization, crossing the $2 billion mark. This remarkable growth reflects the increasing interest and trust in tokenized treasury bonds and similar financial products. Over the last five months, the value of RWA funds has doubled, reaching unprecedented

Hackers Breach McDonald's Instagram to Promote Scam Token GRIMACE

In a shocking turn of events, hackers successfully infiltrated the official Instagram account of fast-food giant McDonald's to promote a scam token, GRIMACE, running on the Solana blockchain. This breach marks another alarming incident where popular brands fall victim to cyberattacks, targeting unsuspecting social media followers for malicious schemes. The

Seven Arrested in Malaysia for Electricity Theft to Power Cryptocurrency Mining Farms

Authorities in Malaysia have detained seven individuals, suspected of stealing electricity to support illegal cryptocurrency mining operations. According to the investigation, the group tapped into the national power grid to run their mining farms, leading to their eventual arrest. The Malaysian police, following a specialized operation aimed at curbing illegal

India's Government Accuses Binance of Tax Evasion Amounting to $86 Million: A Comprehensive Analysis of the Allegations and Their Implications

In recent developments, the Indian authorities have issued a significant accusation against the cryptocurrency exchange Binance, alleging tax evasion to the tune of $86 million. The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued a notice to Binance, claiming that the exchange has failed to comply with

Justin Sun Denies Rumors of Liquidating Positions

Justin Sun, the founder of TRON and advisor to the crypto exchange HTX (formerly Huobi), has denied rumors that he has liquidated his positions. According to Sun, he and his team rarely engage in leveraged trading. Over the past 24 hours, the volume of liquidations in the crypto market has

Donald Trump Launches Limited Edition "Bitcoin Sneakers" - Available on eBay for $2500

In a bold and unexpected move, former U.S. President and current presidential candidate Donald Trump has unveiled a limited edition series of sneakers dedicated to the world's first cryptocurrency, Bitcoin. The announcement was made via Truth Social, a social network frequented by Trump supporters. The "Bitcoin Sneakers" collection, which

University of Wyoming Establishes Bitcoin Research Institute to Elevate Academic Quality on Cryptocurrency Studies

In a groundbreaking move, the University of Wyoming has launched the UW Bitcoin Research Institute, an initiative aimed at producing "high-quality" publications on Bitcoin, the first and foremost cryptocurrency. This new establishment signifies a commitment to enhancing the academic landscape surrounding Bitcoin research, a field often criticized for its subpar

Coinbase's Legal Maneuver: Demanding SEC Documentation in Ongoing Lawsuit

oinbase Takes Legal Action to Obtain Critical SEC Documents in LawsuitIn a strategic legal move, cryptocurrency exchange Coinbase has filed a motion in court, compelling the U.S. Securities and Exchange Commission (SEC) to produce essential documents related to the regulator's lawsuit against the company. This development was disclosed by

A New Era for Crypto Companies with Potential Trump Victory

The prospect of a second presidential term for Donald Trump is being met with enthusiasm by participants in the digital asset industry. American firms stand to gain comprehensive support from the new administration, according to experts. However, Bloomberg analysts warn that several foreign companies might face significant pressure from the

BlockFi to Begin Compensation Payouts in July through Coinbase Exchange

In July 2024, the crypto lender BlockFi will initiate the first round of compensation payouts. Asset distribution will be conducted through the Coinbase exchange. Previously, in May, the company announced the final closure of its platform. BlockFi, which faced financial collapse, will commence compensation payouts to its clients in July

Ethereum ETF Set to Launch on Tuesday, July 23, Says Bloomberg Analyst

Bloomberg anticipates the launch of spot Ethereum ETFs next Tuesday, July 23. This date was provided by Eric Balchunas, the publication's senior ETF analyst. The reasoning behind this prediction stems from the U.S. Securities and Exchange Commission (SEC) requesting issuers to submit final S-1 forms this Wednesday. According to

Illegal Cryptocurrency Miners in Malaysia Stole $722 Million Worth of Electricity Between 2018 and 2023

A Deep Dive into Malaysia's Battle Against Cryptocurrency Electricity TheftIn a startling revelation that underscores the growing problem of illegal cryptocurrency mining, Malaysia has reported that unauthorized miners have stolen electricity worth a staggering $722 million over a span of five years. This information was disclosed by Akmal Nasrullah Mohd

Messari's Founder Declares "War" Against the SEC, Calls Chairman Gensler Corrupt

In a bold declaration of conflict, Ryan Selkis, the CEO of the analytics company Messari, has announced an "operational war" against the U.S. Securities and Exchange Commission (SEC), setting the stage for a potential upheaval in the financial regulatory landscape. This confrontation stems from Selkis' vehement criticism of the

Crypto Mining Dominance: Chinese Mining Pools Control Approximately 54% of the Market, Says CryptoQuant CEO

The crypto mining landscape has seen significant shifts over recent years, with China emerging as a dominant force despite governmental crackdowns. According to Ki Young Ju, CEO of CryptoQuant, Chinese mining pools currently control around 54% of the global market. This assertion highlights the resilience and adaptability of the Chinese

Circle Secures Licensing to Issue Stablecoins Under the New MiCA Regulation

In a significant development for the cryptocurrency industry in Europe, Circle, the issuer of the popular USDC stablecoin, has successfully obtained the first license to operate with stablecoins in accordance with the Markets in Crypto-Assets (MiCA) regulation. This milestone was achieved through the approval granted by the Electronic Money Institution

Congress to Consider Bill Allowing Federal Income Tax Payment in Bitcoin

On June 25, 2024, U.S. Congressman Matt Gaetz introduced a groundbreaking bill in the U.S. Congress that proposes amendments to the federal tax system. The bill, if passed, will allow Americans to pay their federal income taxes using Bitcoin. Gaetz, a Republican, believes this initiative will support innovation

Unveil the Hidden: Introducing Spy99 for Ultimate Stealth Monitoring

In a world where digital footprints are everywhere, understanding the online activities of those we care about or oversee is vital. Spy99 redefines stealth monitoring for 2024, providing an unparalleled solution to keep you informed while maintaining total discretion. The Edge of Spy99Spy99 stands out with its extensive feature set,

Lil Pump Flaunts New 'Solana' Forehead Tattoo: A Cryptic Nod to Crypto Ventures or a Viral Marketing Stunt?

Rapper Gazzy Garcia, better known by his stage name Lil Pump, recently unveiled a daring new tattoo that's sparked waves of controversy and speculation across the internet. The tattoo, which prominently features the name 'Solana' inked across his forehead, comes amidst the rapper's latest forays into the cryptocurrency sphere. With

In Zimbabwe, a Committee Was Created to Regulate the Crypto Industry

The authorities in Zimbabwe have undertaken the development of regulations for the crypto industry. To this end, a committee has been formed to consult with experts and service providers. The information gathering on virtual assets will continue until June 26. The Zimbabwean authorities have started developing rules for the regulation

Tether Plans to Invest Over $1 Billion in Diverse Industries Including AI and Biotechnology Over the Next Year

Tether, the issuer of the popular stablecoin USDT, has announced an ambitious investment strategy for the upcoming year, planning to funnel over $1 billion into various sectors. This bold financial commitment will focus on enhancing financial infrastructures, advancing artificial intelligence (AI), and developing biotechnological innovations, as confirmed by Bloomberg citing

National Bank of Georgia Plans to Involve Ripple Labs in the Country's Economic Digitization

Recently, a significant meeting took place in Tbilisi between representatives of the National Bank of Georgia (NBG) and Ripple Labs. The main topic of discussion was Ripple Labs' involvement in projects aimed at the economic digitization of the country, underscoring the strategic partnership that has been in place since 2023.

Venture Firm Shima Capital Suspected of Misappropriating Investments from Dragonfly and Galaxy Digital

A Deep Dive into the Allegations and the Fallout: What Lies Ahead for Shima Capital? In a startling revelation, the venture firm Shima Capital, headed by Yida Gao, is under scrutiny for allegedly misappropriating investments from renowned financial players including Galaxy Digital, Dragonfly, and billionaire Bill Ackman. This investigation, spearheaded

Gary Gensler: Disclosure Does Not Absolve Crypto Exchanges from Liability

SEC Chairman Gary Gensler has issued a stern warning to crypto exchanges that fail to comply with the law, emphasizing that mere disclosure of risks does not shield platforms from accountability. In an interview with CNBC, he discussed the regulatory framework for trading platforms and the broader cryptocurrency market. Gensler

Spot Bitcoin ETFs Record Second Largest Capital Inflow Ever

On June 4, the U.S. sector of spot Bitcoin ETFs recorded a net capital inflow of $886.75 million. This marks the second-largest inflow since the launch of these products. The positive trend has been continuing for 16 consecutive trading days. The Fidelity crypto fund attracted the most funds.

Thailand’s SEC Approves Launch of the First Spot Bitcoin ETF by One Asset Management

On June 4, 2024, Thailand's Securities and Exchange Commission (SEC) marked a significant milestone in the country's financial landscape by officially approving the launch of the first spot Bitcoin Exchange Traded Fund (ETF). This landmark approval was granted to One Asset Management (ONEAM), positioning it as a pioneer in the

US Navy Unveils PARANOID Blockchain Technology to Safeguard Against Cyberattacks

The United States Navy has introduced a new blockchain technology named PARANOID, designed specifically to protect software from cyberattacks. Initially created by the Naval Air Warfare Center Aircraft Division (NAWCAD) for the U.S. Navy's aviation programs, this cutting-edge solution is now being offered to private sector companies for commercialization.

Leadership Changes at Bybit Following Notcoin Listing Incident Affect 320,000 Users

Several top executives at the cryptocurrency exchange Bybit have reportedly resigned following complications related to the listing of a new cryptocurrency, Notcoin (NOT). The incident, which occurred in mid-May, has impacted approximately 320,000 users of the platform, according to journalist Colin Wu. Wu linked the resignations directly to the

Mastercard Launches Crypto Credential for Simplified P2P Cryptocurrency Transfers Across Europe and Latin America

Mastercard has introduced a pilot project named Crypto Credential, aimed at revolutionizing how cryptocurrency transactions are conducted. This innovative service allows users to send cryptocurrencies to any exchange client using easy-to-remember nicknames instead of complex blockchain addresses. Initially available in select European and Latin American countries, this initiative marks a

El Salvador's GDP to Surge Tenfold by 2029 Due to AI and Bitcoin, Predicts ARK Invest CEO Cathy Wood

Cathy Wood, the CEO of ARK Invest, has made a bold prediction about El Salvador's economic future, suggesting that its Gross Domestic Product (GDP) could increase tenfold, reaching $300 billion by 2029. This significant growth is anticipated to stem from the country's adoption of artificial intelligence and bitcoin technologies under

Hong Kong Securities and Futures Commission Announces Comprehensive Review of Cryptocurrency Companies

In an effort to regulate the bustling cryptocurrency market within its jurisdiction, the Hong Kong Securities and Futures Commission (SFC) has announced plans to conduct a thorough examination of all cryptocurrency trading platforms that seek to operate legally in the region. Starting June 1st, the SFC will begin on-site inspections

JPMorgan Casts Doubt on SEC Approval for Solana ETFs or Other Cryptocurrency Spot ETFs Beyond Bitcoin and Ethereum

In the world of finance and digital currencies, the U.S. Securities and Exchange Commission (SEC) plays a pivotal role in determining the trajectory of investment vehicles such as exchange-traded funds (ETFs). Recently, the spotlight has turned to the potential approval of cryptocurrency spot ETFs, particularly those involving newer tokens

Donald Trump Advocates for Crypto Industry and Promises to Free Silk Road Founder Ross Ulbricht if Elected

In a striking political move, former U.S. President and current presidential candidate Donald Trump has declared his support for the cryptocurrency industry, making headlines with his commitment to free Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road. Trump's remarks came just hours before his scheduled appearance

U.S. House of Representatives Approves Crypto Asset Classification Bill: A New Dawn for Regulatory Clarity in the Cryptocurrency Industry

On May 22, 2024, the U.S. House of Representatives marked a significant milestone in the regulatory landscape of cryptocurrency by approving the "Financial Innovation and Technology Act of the 21st Century" (FIT21 or HR 4763). This groundbreaking legislation is poised to establish a foundational framework for the legal regulation

Donald Trump Begins Accepting Cryptocurrency Donations for Presidential Campaign

Former U.S. President and current presidential candidate Donald Trump has started accepting political donations in cryptocurrencies, fulfilling an earlier announcement. The move aligns Trump's campaign with modern financial technologies and taps into a new demographic of tech-savvy supporters. According to details released by his campaign, these cryptocurrency donations are

Expert Identifies Staking as a Key Barrier to Approval of Spot Ethereum ETFs

The head of research at Galaxy Research has deemed staking a "stumbling block" in the launch of spot Ethereum ETFs. Alex Thorn of Galaxy Research suggests that the SEC is open to a compromise concerning crypto funds based on the asset. The agency may classify locked tokens as securities, without

Bitcoin Wallet Creation Hits Lowest Point Since May 2018, Suggesting a Decline in Network Activity

The number of new Bitcoin wallets created has plummeted to a level not seen since May 2018, signaling a potential downturn in network activity. According to a recent report from The Block, the seven-day moving average of new addresses in the Bitcoin network dropped to 275,000 for the period

Hong Kong Launches Pilot Project for Digital Yuan

In a significant move towards digital currency integration, Hong Kong has officially announced the commencement of a pilot project involving the Chinese digital yuan, known as e-CNY. This initiative, spearheaded by the Hong Kong Monetary Authority (HKMA), marks a pivotal step in the region's financial technology landscape. Under the new

DWF Labs Foresees a Surge of Hundreds of Notcoin-Style Projects on the TON Blockchain

In the rapidly evolving landscape of blockchain technology, DWF Labs, a prominent player in the blockchain ecosystem, has recently projected an imminent surge of activity on The Open Network (TON). Andrei Grachev, the founder of DWF Labs, envisions a flurry of projects inspired by the success of Notcoin, which are

Wisconsin Invests $163 Million in Spot Bitcoin ETFs from BlackRock and Grayscale

The State of Wisconsin has made a significant move into cryptocurrency investments by purchasing shares in the iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), with a total investment amounting to $163 million. This decision marks a progressive step for the state's investment strategies, reflecting a growing institutional interest

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

A Dutch court has found Alexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, guilty of aiding in the laundering of over $2 billion. Pertsev has been sentenced to 64 months of imprisonment. The court's decision was delivered amidst broader scrutiny over the role of cryptocurrency in financial crimes,

"FTX Extends Claims Deadline for Creditors to Late July, Aligns with Chapter 11 Voting Schedule"

FTX, the cryptocurrency exchange currently undergoing Chapter 11 reorganization, has announced an extension of the deadline for its creditors to file claims. The new deadline is set for the end of July 2024, pushed back from the original date of May 15, 2024. This extension provides creditors with an additional

U.S. Department of Justice Appoints Forensic Risk Alliance as External Monitor for Cryptocurrency Exchange Binance

The U.S. Department of Justice has designated the law firm Forensic Risk Alliance (FRA) as the external monitor for the cryptocurrency exchange Binance, according to Bloomberg reports. This decision concludes a competitive process in which FRA emerged victorious over the well-established firm Sullivan & Cromwell, previously considered the favorite

Ethereum Loses Its Deflationary Nature Following the Dencun Upgrade, Experts at CryptoQuant Report a Decline in Burnt Ethereum Fees

In the rapidly evolving world of cryptocurrency, Ethereum has long stood as a cornerstone. However, recent developments have sparked a significant shift in its economic characteristics. Following the deployment of the Dencun upgrade in mid-March 2024, Ethereum has reportedly lost its deflationary nature, according to a recent analysis by experts

Wintermute Steps in as Liquidity Provider for Hong Kong’s Cryptocurrency ETFs in Partnership with OSL Digital Securities and Haskey HK Exchange

In a strategic move to fortify its presence in the Asian market, Wintermute has announced a partnership with OSL Digital Securities and Haskey HK Exchange, becoming the primary liquidity provider for cryptocurrency ETFs based in Hong Kong. This collaboration marks a significant step for Wintermute as it aims to expand

SEC Postpones Decision on Invesco and Galaxy Digital's Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has deferred its decision on a joint application by Invesco and Galaxy Digital for a spot Ethereum exchange-traded fund (ETF). The final deadline for this case has been scheduled for July 2024. This postponement aligns with the SEC's previous delays in reviewing

Coinbase Accused of Selling Unregistered Securities: Lawsuit Filed by Customers Alleges Platform Operates as Unregistered Broker/Dealer

In a significant development for the cryptocurrency industry, customers have filed a lawsuit against Coinbase, one of the largest cryptocurrency exchanges globally. The legal action accuses the platform of selling unregistered securities and operating as an unregistered broker/dealer, raising serious regulatory and legal questions about its practices. The lawsuit,

Elliptic Employs AI to Detect Money Laundering Through Bitcoin, Enhances Identification Tools

In an effort to combat money laundering through cryptocurrencies, Elliptic, an analytical firm, has successfully deployed artificial intelligence (AI) technologies to enhance its transaction monitoring tools. The company announced significant progress in utilizing AI to detect illicit financial activities specifically related to Bitcoin. The newly released report, co-authored by specialists

Whistleblower Joshua Dean, Former Boeing Supplier Employee at Spirit AeroSystems, Passes Away After Sudden Illness Amid Allegations of Ignoring Production Defects in the 737 MAX

Joshua Dean, a former employee of Spirit AeroSystems and a whistleblower who accused the company of ignoring serious defects in the production of the Boeing 737 MAX, has died following a sudden illness, according to his family and lawyer. Dean's accusations against the company, where he had worked at its

Bitcoin Testnet Disrupted by Developer's Actions: Jameson Lopp Generates Over 165,000 Blocks in One Week, Causing Stability Issues and Stirring Community Debate

In a surprising turn of events, Jameson Lopp, the co-founder and chief security officer of the Casa platform, has caused a significant disruption in the Bitcoin testnet by generating more than 165,000 blocks within just one week. This amount of activity, which would typically take around three years under

Consensys Outlines Four Key Reasons Why Ethereum is Not Considered a Security

In an industry where the classification of cryptocurrencies can greatly affect their regulation and usage, Ethereum's status remains a hot topic. A representative from Consensys, the company behind the widely-used MetaMask wallet, recently highlighted four pivotal reasons supporting the argument that Ethereum should not be classified as a security. This

U.S. SEC Files Lawsuit Against Bitcoin Miner Geosyn and Co-founders for Alleged Fraud and Unlicensed Securities Distribution

The United States Securities and Exchange Commission (SEC) has launched a lawsuit against the bitcoin mining company Geosyn and its co-founders, Caleb Ward and Jeremy McNatt. The SEC accuses them of engaging in fraudulent activities and distributing securities without proper licensing. According to the SEC, from November 2021 to December

Justin Bieber's NFT Portfolio Takes a Steep Dive, Dropping by 94.7% in Value

The volatile world of digital assets has seen its fair share of ups and downs, and the latest victim of this unpredictability is none other than pop sensation Justin Bieber. A recent report from Arkham Intelligence has revealed that Bieber’s investment in non-fungible tokens (NFTs) has faced a significant

LayerZero Announces Token Generation Event for the First Half of 2024; Prepares for Stargate v2 Update

LayerZero, a pioneering team in the development of cross-chain compatibility protocols, has announced a Token Generation Event (TGE) scheduled for the first half of 2024. The announcement promises the distribution of ZRO tokens, which are set to play a central role in the protocol's ecosystem. The CEO of LayerZero Labs,

SEC Demands $5.2 Billion in Damages and Fines from Terraform Labs and Do Kwon Following Fraud Conviction

The Securities and Exchange Commission (SEC) has formally requested that Terraform Labs and its co-founder, Do Kwon, pay a staggering $5.2 billion. This demand follows a legal finding of fraud against them, as the fallout from the collapse of the Terra ecosystem continues to unravel. On April 5, 2024,

Bitcoin Miners May Pivot to AI Post-Halving Due to Rising Operational Costs, CoinShares Report Suggests

As the next Bitcoin halving approaches, a report from CoinShares indicates that many miners might switch their focus from cryptocurrency to the burgeoning field of Artificial Intelligence (AI) due to escalating operational expenses. The halving event, expected to significantly increase the cost of mining a single Bitcoin, could drive miners

Over 40% of Solana Ecosystem Presales Halted Further Development, Raising Concerns Over $26.7 Million Lost to Scams

In a recent expose, independent on-chain analyst ZachXBT has brought to light concerning trends within the Solana ecosystem, revealing that a significant portion of token presales has ended in scams and halted projects, putting investors' money at risk. According to ZachXBT, more than 40% of the projects ceased further development

Grayscale Representative Predicts Approval of Altcoin-Based ETFs within Two to Three Years

During a recent discussion, a spokesperson from Grayscale's investment team, David LaValle, confidently expressed his belief that exchange-traded funds (ETFs) based on cryptocurrencies other than Bitcoin and Ethereum are likely to be approved within the next two to three years. This statement was reported by The Block and marks a

Two Top Executives Depart from Crypto Exchange OKX

The cryptocurrency exchange OKX has recently seen the departure of two of its top executives, as reported by CoinDesk. Tim Byun, the head of government relations, and Wei Lan, the head of product, have both left the company. The specific reasons behind their resignations remain undisclosed. Tim Byun has a

Ethereum Network Validator Queue Hits Record High Since September 2023

The queue for deploying a node on the Ethereum network has reached a significant duration of 12 days and 4 hours. Currently, there are 21,865 nodes waiting to connect, marking a new peak since September 2023. This surge in validator interest has been on the rise since the end

Bitcoin Miners May Sell $5 Billion Worth of Bitcoin Post-Halving, Analyst Predicts

Bitcoin mining operations could be preparing to sell off approximately $5 billion worth of Bitcoin following the upcoming halving event, according to Marcus Tilen, an analyst at 10x Research. The cryptocurrency market may face significant challenges during what Tilen refers to as the "six-month summer lull," a period expected post-halving.

Bitcoin Halving in 2024: Experts Predict $10 Billion Loss for Miners Amidst Reward Reduction

As the next Bitcoin halving approaches, projected to occur on April 20, 2024, miners face the potential of significant financial losses, with expert analysis forecasting a staggering $10 billion hit to the industry within the year following the event. This critical point in Bitcoin’s lifecycle will slash the reward

VanEck CEO Reports: 90% of Bitcoin ETF Inflows Come from Retail Investors, Institutional Players Yet to Join the Game

In a recent statement, Jan van Eck, CEO of investment firm VanEck, has highlighted that a staggering 90% of the capital inflows into their spot Bitcoin ETFs have been sourced from retail investors. This detail emerged during his interview at the Paris Blockchain Week, where van Eck shared insights into

"Half of Solana Ecosystem Presales Found to Be Scams, According to Blockaid Study"

In a revealing study published by Blockaid, approximately 50% of presales within the Solana ecosystem, spanning from November 2023 through February 2024, have been identified as fraudulent. This information, shedding light on the darker underbelly of the blockchain world, comes amidst an exponential increase in the number of tokens and

Base Network's TPS Climbs to 400 Amid Scrutiny and Comparison with Solana

In a significant development within the blockchain sphere, Jesse Polak, the lead developer of the Base network, has announced a remarkable increase in the network's transactions per second (TPS) to 400. This update, communicated on April 9, 2024, places Base on par with Solana, known for its high TPS rates,

Elon Musk's Grok Chatbot Criticized for Security Flaws, According to Adversa AI Experts

Adversa AI, a firm specializing in artificial intelligence evaluation, has conducted a comprehensive test comparing various AI-based chatbots, revealing significant security concerns with Elon Musk's Grok. The chatbot, developed by Musk's xAI company, showed the weakest security performance in comparison to its peers, including Meta's LLAMA, which demonstrated the strongest

Genesis Acquires 32,041 BTC After Selling GBTC Shares

In a significant move in the cryptocurrency world, Genesis, the beleaguered trading company, has finalized the sale of over 35 million shares of the Grayscale Bitcoin Trust (GBTC). This sale marks a pivotal moment for Genesis Global Trading, which recently faced bankruptcy. The sale, detailed in court documents and reported

Texas Meat Producer Embraces Bitcoin as a Reserve Asset: A Bold Move Towards Crypto Payments

In an innovative shift within the meat production industry, a Texas-based meat manufacturer and supplier has announced its decision to adopt Bitcoin as a reserve asset. This strategic move positions the company at the forefront of embracing digital currencies in a sector traditionally dominated by conventional financial systems. Kansas City

"March Madness: Bitcoin ETFs Triple in Trading Volume Amidst Market Shifts"

In March, the trading volume for spot Bitcoin ETFs soared to an impressive $111 billion, marking a near threefold increase from February's figures. This unprecedented surge highlights the dynamic shifts within the cryptocurrency market, notably the redistribution of market share from Grayscale Bitcoin Trust (GBTC) to iShares Bitcoin Trust (IBIT)

$24 Million in SOL Tokens Frozen in Lido Finance Due to Smart Contract Bug: Stakeholders Left in Limbo

In a startling revelation for the cryptocurrency community, a significant glitch within the smart contract of Lido Finance has resulted in the freezing of approximately $24 million worth of Solana (SOL) tokens. This incident has sparked widespread concern among users, who find themselves unable to withdraw their staked assets due

"The $1.5 Billion Miss: A Dogwifhat Developer's Early Sale Misstep"

In a striking narrative of opportunity and loss within the volatile world of cryptocurrency, a developer from the Dogwifhat team inadvertently missed out on a staggering $1.5 billion in potential profits. This tale unfolds with the developer's decision to sell 350 million WIF tokens for 511 SOL, a transaction

"Dogwifhat Meme Coin Soars to Historic High: A Comprehensive Analysis"

In a remarkable turn of events, the meme coin Dogwifhat has achieved an unprecedented milestone, with its value soaring to a historic high of $4. This new peak surpasses all previous records, propelling the cryptocurrency's market capitalization beyond the $3.5 billion mark. Such an achievement not only underscores the

"Coinbase Wallet Recognized as Securities Dealer: A Deep Dive into the Legal Battle"

The New York District Court recently handed down a nuanced verdict that has stirred the cryptocurrency community and legal observers alike. In a landmark decision, the court refused to classify the American cryptocurrency exchange, Coinbase, as a broker. However, it did find that the platform was involved in the offering

The Munchables Hack: A $62.5 Million Heist Unraveled

In a startling revelation on March 26, 2024, the gaming platform Munchables became the target of a sophisticated hack, leading to a staggering loss of 17,500 ETH, equivalent to $62.5 million. The breach was rooted in the innovative L2 (Layer 2) solution known as Blast, on which Munchables

"Nilam Resources Announces Plan to Acquire $1.7 Billion in Bitcoin Amid Skepticism"

South American gold mining company Nilam Resources has declared its intention to purchase a substantial amount of Bitcoin, totaling 24,800 BTC. This ambitious move, indicative of the company’s strategic pivot towards digital assets, reflects a significant investment exceeding $1.7 billion at current market prices. Nilam Resources has

"The Crypto Community's Call to Vitalik Buterin: Return to Platform X"

In a noticeable shift within the social media landscape, members of the cryptocurrency community have recently vocalized their desire for Ethereum co-founder Vitalik Buterin to resume active participation on Platform X, formerly known as Twitter. The appeal came after the account owner of Autism Capital highlighted a downturn in Buterin's

"Rainbow Staking: A Vital Solution for Ethereum's Decentralization Challenge"

In the bustling city of Taipei, during the ETHTaipei 2024 event, a critical discussion emerged around the potential centralization of Ethereum staking, highlighted by none other than Ethereum's co-founder, Vitalik Buterin. Addressing the audience, Buterin shed light on the emerging issue of 'lazy stakers' who lean towards using pools and

SEC's Ethereum Security Classification Drive: A New Challenge for the Crypto World

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has intensified its legal efforts to classify Ethereum, the second most popular cryptocurrency, as a security. This move has sparked a flurry of legal actions against various companies, marking another chapter in the ongoing

SEC Seeks $158 Million Boost for Crypto Market Oversight in 2025

In a significant move toward enhancing the regulatory framework around the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has formally requested an additional $158 million in funding for its 2025 budget. This request, aimed at addressing a range of issues, underscores the agency's commitment to tightening oversight

"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

Celebrating Four Years of Innovation: Solana's Journey from Genesis Block to Blockchain Powerhouse

Four years ago, on March 16, 2020, the Solana network mined its genesis block, marking the inception of a blockchain that was set to revolutionize the way we think about digital asset speed and security. Since that pivotal moment, Solana has not only generated over 254 million blocks but has

"Berachain's Major Leap: Securing $69 Million in Funding at a $1.5 Billion Valuation"

Berachain, a pioneering blockchain platform, has successfully secured a significant $69 million in funding, achieving a remarkable valuation of $1.5 billion. This investment round saw the participation of leading firms Brevan Howard Digital and Framework Ventures, marking a significant endorsement of Berachain's potential and vision. According to Bloomberg, sources

"Dutch Regulator Fines Crypto.com $3.1 Million for Operating Without a License"

The Dutch Central Bank (DNB) announced on March 13th the imposition of a $3.1 million fine on Crypto.com for conducting business without the requisite license. The regulatory authority penalized the cryptocurrency exchange for its unauthorized operations, highlighting the stringent oversight within the Netherlands' financial landscape. Crypto.com, known

Biden Administration Proposes 30% Electricity Tax on Bitcoin Mining to Foster CBDC Adoption

In a move that has stirred significant debate within the cryptocurrency sector, the Biden administration has proposed a 30% tax on the electricity consumption of bitcoin mining operations. If approved, these new regulations would come into effect on January 1, 2025, marking a significant shift in the U.S. government's

"Embracing Innovation: Trump's Stance on Bitcoin and Crypto Regulation"

In a recent statement that caught the attention of both the financial and political worlds, Donald Trump has articulated his position against the idea of banning bitcoin. Trump, looking ahead to the possibility of reclaiming the presidency, shared his vision for a future where the cryptoasset industry flourishes free from

Dogwifhat Community's Ambitious Vegas Venture: A $650,000 Advertising Blitz

The Dogwifhat memcoin community, known for its engaging and vibrant online presence, has recently unveiled an ambitious advertising strategy that is turning heads in both the digital currency and marketing worlds. With a goal to prominently display their memcoin logo on the colossal 54,000-square-meter LED screen at the MSG

BlackRock Expands into Bitcoin: A Strategic Move for Global Fund Allocation

In a groundbreaking move signaling further integration of cryptocurrency into mainstream financial strategies, BlackRock has officially submitted a new filing with the Securities and Exchange Commission (SEC) to expand its Bitcoin Exchange-Traded Fund (ETF) holdings. This initiative aims to bolster the investment portfolio of its Global Allocation Fund, showcasing a

Spain Temporarily Halts Worldcoin's Operations Over Privacy Concerns

In a significant development, Spain has imposed a temporary ban on Worldcoin's activities within its jurisdiction. The Spanish Data Protection Agency (AEPD) has issued a directive to Worldcoin, demanding an immediate halt to the collection of personal information and the use of data previously gathered on Spanish soil, as reported

The Ascendancy of Bitcoin-ETPs: A Glimpse into the Future of Institutional Crypto Investments

In an era marked by rapid digital transformation, the realm of cryptocurrency investments has witnessed a monumental shift. Recent data reveals that assets managed under Bitcoin Exchange-Traded Products (ETPs) have soared to an astonishing $67 billion, reflecting a growing institutional embrace of digital assets. This significant milestone highlights the evolving

Tether Introduces Asset Recovery Tool, Reinforcing Blockchain Resilience and User Safety

In an unprecedented move within the cryptocurrency sector, Tether has launched a state-of-the-art asset recovery tool, marking a significant advancement towards ensuring the resilience of blockchain technology and safeguarding user investments. This development comes at a time when Tether's market capitalization has impressively exceeded the $100 billion mark, highlighting the

Bitcoin Mining Stocks Tumble 27% Despite Rally as Halving Fears Spur Sell-Offs

This week, the stocks of mining companies experienced a significant 27% drop, an event that unfolded despite a concurrent rally in Bitcoin prices. The downturn in the shares of major mining corporations is attributed to growing concerns over the upcoming Bitcoin halving event, prompting investors to hastily divest their holdings.

Morgan Stanley Considers Adding Spot Bitcoin ETFs to Its Trading Platform, Sources Report

In a significant move that could potentially reshape the landscape of cryptocurrency investments in the United States, Morgan Stanley, one of the country's largest brokerage firms, is reportedly conducting due diligence to explore the possibility of launching spot Bitcoin ETF (Exchange-Traded Fund) trading on its platform. This development comes on

Bitcoin Price Breaks $63,000 Barrier, Ethereum Hits $3,400 Amidst Surge in Crypto Market

In a dramatic turn of events on the evening of February 28, 2024, the Bitcoin price soared past the $63,000 mark, marking a significant milestone in the cryptocurrency market. This surge represents an approximate 9% increase in value over a 24-hour period, culminating in more than a 20% rise

Bitcoin Price Surge: Analysts Unveil the Reasons Behind the Remarkable Growth

On February 27, Bitcoin tested the $57,000 level, marking an impressive surge of over 10% within a single day. The crypto community has been buzzing with speculation and analysis, attempting to unravel the catalysts behind this significant price movement. Incrypted has compiled insights from various experts to shed light

HSBC Accused of Mortgage Fraud in Sophisticated Money Laundering Scheme Through Toronto Real Estate

In a shocking revelation, HSBC Bank is facing allegations of mortgage fraud, highlighting a sophisticated money laundering scheme that has been operating within Toronto's bustling real estate market. This scheme involves the acquisition of properties through mortgages obtained with falsified income, purportedly verified by fraudulent remote work overseas. Payments for

Andreessen Horowitz Invests $100 Million in Re-Staking Protocol EigenLayer, Elevating the Crypto Industry Landscape

In a significant move for the crypto industry, venture capital firm Andreessen Horowitz (a16z) has announced a substantial $100 million investment in EigenLayer, a leading re-staking protocol. This investment marks a pivotal moment for EigenLayer, emphasizing the growing interest and confidence in the potential of blockchain technology to revolutionize various

Bankrupt Cryptocurrency Exchange AAX Withdraws 24,000 ETH from Inactive Wallets in Suspected Money Laundering Scheme

In a surprising move that has sent shockwaves through the cryptocurrency community, AAX, a cryptocurrency exchange based in Hong Kong that recently declared bankruptcy, has initiated the transfer of substantial amounts from its wallets. This action has raised suspicions of a possible attempt at money laundering, according to a statement

eBay Dismisses 30% of Its Web3 Division Staff and Halts NFT Initiatives Amidst Digital Art Projects Wind Down

In a significant move signaling a potential shift in strategy, eBay has reportedly downsized its workforce dedicated to Web3 initiatives, including the cessation of its efforts in the NFT (Non-Fungible Token) domain. According to NFTgators, citing anonymous sources, the e-commerce giant has laid off 30% of its Web3 division's staff.

Australian Police Officer Charged with Stealing Over 81 Bitcoins

In a startling revelation, the Australian National Anti-Corruption Commission has charged Federal Police officer William Whitley with the theft of 81.62 BTC, equivalent to $4.2 million, from a Trezor wallet. This incident, which underscores the growing concerns around digital asset security and law enforcement integrity, has sent shockwaves

"Coin Metrics Analysts Reveal: A 51% Attack on Bitcoin Would Cost $20 Billion, Ethereum Even Higher at $34 Billion"

In a recent analysis by Coin Metrics, experts have dissected the financial implications of executing a so-called 51% attack on the networks of Bitcoin and Ethereum, unveiling staggering costs that would run into the tens of billions of dollars. Such an attack, a nefarious scheme aimed at gaining control over

MicroStrategy's Bitcoin Holdings Reach $10 Billion in Value

MicroStrategy Inc., a leading technology giant, has witnessed its Bitcoin reserves soar to an impressive value of $10 billion, according to a recent Bloomberg report. The company, which currently holds 190,000 BTC, has seen a significant increase in the value of its Bitcoin reserves following the recent surge in

Uniswap founder warns of ENS domain scam

In a recent revelation that underscores the evolving landscape of digital fraud, Uniswap's founder, Hayden Adams, has spotlighted a new scam involving Ethereum Name Service (ENS) domains. This sophisticated scheme marks a fresh chapter in the ongoing battle against cybercrime within the blockchain community, emphasizing the need for heightened vigilance

Ripple Labs Acquires Standard Custody: A Move Towards Strengthening Regulatory Compliance and Institutional Solutions

In a strategic move, Ripple Labs has announced its acquisition of Standard Custody & Trust Company, underscoring its commitment to regulatory compliance and enhancing its product offerings. This acquisition is poised to enable Ripple to offer a wider array of internal services, particularly those related to asset tokenization. The deal

The Americans: CZ's Sentencing Date Postponed to April 30th

The scheduled hearing for former Binance CEO Changpeng Zhao, also known as CZ, has been postponed from February 23rd to April 30th, 2024. This development comes in the wake of his conviction for money laundering and subsequent travel ban within the United States. With a potential sentence of up to

The Current State of the Market: An Analysis

The cryptocurrency market is facing a downturn today, with a majority of alternative coins (altcoins) showing red figures. Bitcoin (BTC) is currently trading around $48,100, while Ethereum (ETH) is hovering near $2,500. Bitcoin Dominance: 53.96% Fear and Greed Index: 70 (Greed) Altcoin Season Index: 51 Market Capitalization:

Spot Bitcoin ETFs from BlackRock and Fidelity Outpace GBTC in Liquidity Metrics

According to JPMorgan, cryptocurrency ETFs from BlackRock and Fidelity are outpacing the investment product GBTC in liquidity metrics. The spot Bitcoin ETFs offered by BlackRock and Fidelity Investments are surpassing Grayscale Investments' cryptocurrency fund in two liquidity metrics, as reported by The Block, citing information from JPMorgan Chase. In the

Cryptocurrency Mining in 2023 Matches Australia's Electricity Consumption

The Energy Information Administration (EIA) has released a report on the electricity consumed by cryptocurrency miners. In 2023, companies engaged in cryptocurrency mining consumed as much electricity as the entire country of Australia. The agency noted the rapid development of the mining sector in the United States. According to the

SpaceX Accepts DOGE Tokens for Satellite Launch Delay: A Milestone in Cryptocurrency Adoption

In a groundbreaking move, Geometric Energy Corporation (GEC) has paid SpaceX in DOGE tokens to reschedule the launch of the DOGE-1 satellite. The decision comes as the equipment readiness posed challenges to the original launch timeline, as reported by various media outlets. CEO of GEC, Samuel Reid, announced the unprecedented

China Introduces New Restrictions on Mining Companies

In a significant move to bolster its energy conservation efforts, the Beijing government has unveiled an updated plan aimed at enhancing oversight over cryptocurrency mining operations. This initiative reflects China's continuing strict stance on cryptocurrencies, including Bitcoin, which remains prohibited at the legislative level. Authorities in Beijing have called for

JPMorgan company

In the rapidly evolving world of cryptocurrency, the prominence of Tether (USDT) has been a subject of much debate and analysis. JPMorgan, a leading global financial services firm, has raised concerns over the growing dominance of Tether, citing potential negative impacts on the cryptocurrency market at large. The insights from

Polygon Labs Announces Strategic Downsizing, Aiming for Enhanced Performance by Reducing Workforce by 19%

Polygon Labs, a leading developer firm with a focus on Ethereum and the innovative force behind the layer-2 rollup network, Polygon, has recently announced a significant reduction in its workforce. In a strategic move outlined in a detailed blog post, the company revealed that it has cut 60 roles, which

Official account of the Embassy of Spain in Bosnia and Herzegovina in X

In an intriguing turn of events that blurs the lines between diplomatic engagements and the burgeoning world of cryptocurrency, the Embassy of Spain in Bosnia and Herzegovina has shown a keen interest in meme coin airdrops. This unusual intersection of traditional diplomacy and digital currency trends came to light when

Vitalik Buterin Discusses the Future of AI in the Cryptosphere

In a recent discussion, Vitalik Buterin, the renowned co-founder of Ethereum, shared his insights on the promising applications of Artificial Intelligence (AI) in the realm of cryptocurrency. His perspective offers a fresh look at how these two cutting-edge technologies could interplay, potentially revolutionizing the way we interact with digital assets

YieldMax Announces Plans for a Groundbreaking Bitcoin Options-Based ETF

In a significant move within the world of finance and cryptocurrency, YieldMax, an investment firm, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the creation of a unique Exchange-Traded Fund (ETF) focused on deriving income from Bitcoin options. This innovative financial product, if approved

The Ape Terminal Controversy: Fraud Allegations Surrounding SatoshiVM Token

Introduction In the ever-evolving and dynamic world of cryptocurrency, controversies are not uncommon. A recent storm has been brewing around Ape Terminal, a notable player in the crypto space, which has been accused of fraudulent activities involving the SatoshiVM (SAVM) token. This article delves into the events that unfolded, the

The Future of Cryptocurrency Exchanges: Insights from Justin Sun on Decentralization and Democratic Governance

In a recent episode of the Bitcoin.com News podcast, a platform renowned for its in-depth interviews with prominent figures in the realms of cryptocurrency, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and the Metaverse, we had the privilege of hosting Justin Sun. As the founder of Tron and an advisor

Revolutionizing Gaming and Blockchain: Launching the Classic 1993 DOOM on the Dogecoin Blockchain

In a groundbreaking fusion of retro gaming and blockchain technology, a developer known by the pseudonym Mini Doge has achieved a remarkable feat: the launch of the iconic 1993 video game DOOM on the Dogecoin blockchain. This innovative project blends nostalgia with the cutting-edge world of blockchain, offering a unique

FTX sold about $1 billion worth of GBTC stock.

In a significant development in the cryptocurrency sector, the embattled crypto exchange FTX has made a substantial move by offloading approximately $1 billion worth of GBTC shares. This large-scale transaction involves the sale of 22 million shares of GBTC since the trust's conversion into a spot Bitcoin ETF (Exchange-Traded Fund)

Trezor Alerts Customers to Potential Phishing Threat Following Security Breach

In a recent development that has raised alarms in the cryptocurrency security community, Trezor, a prominent provider of hardware wallets, has issued a warning to its users regarding a potential phishing attack. This announcement follows the analysis of a security incident that occurred on January 17, where unauthorized access was

JPMorgan Foresees Bitcoin Correction Amidst $1.5 Billion Outflow from GBTC

In a recent analysis, JPMorgan, one of the leading financial institutions, has predicted a potential short-term decline in Bitcoin's price. This forecast is primarily attributed to the profit-taking activities of investors in the Grayscale Bitcoin Trust (GBTC), a popular investment fund by Grayscale Investments. The situation is closely watched by

BlockLords, a Play-to-Earn Strategy Game on Immutable X and Polygon, Announces Remarkable Milestones

The gaming world has been abuzz with the rise of play-to-earn (P2E) strategies, and one game, in particular, has been making waves in this new era: BlockLords. Developed on the robust platforms of Immutable X and Polygon, BlockLords has recently shared some impressive achievements that underscore its growing influence in

Donald Trump has promised to ban the creation of CBDCs

In a recent and pivotal development within the realm of U.S. politics and finance, former President Donald Trump, a notable figure in the Republican leadership race, has made a bold promise to ban the creation of Central Bank Digital Currencies (CBDCs) if he is elected. This announcement, made during

"Celestia Founder Revealed as Former LulzSec Hacker: A Dive into His Controversial Past and Current Endeavors"

In an unexpected twist during a live broadcast, Al-Bassam, the founder of Celestia, revealed his previous affiliation with the notorious hacking group LulzSec. This startling confession has sent shockwaves through the tech community, as Al-Bassam was previously known only for his innovative contributions to Celestia, a groundbreaking project in the

Rise and Fall of Crypto Tokens: A Comprehensive Analysis

The Surging Number of 'Dead' Tokens Since 2014Since 2014, the world of cryptocurrencies has witnessed a dramatic shift, with a staggering 50% of tokens now classified as 'dead'. This revelation comes from a recent report by CoinGecko, a leading analytics and tracking platform for crypto assets. Of the 24,000

Google Play Store in India Responds to FIU Notice by Blocking Binance and OKX

In a significant development for the cryptocurrency sector in India, Google's Play Store has taken a notable step by removing two major crypto exchange apps, Binance and OKX, from its platform. This action comes in the wake of a noncompliance notice issued by the Indian government, aligning with a similar

A Comprehensive Analysis

Title: Navigating Today's Market: A Comprehensive Analysis Introduction: As the world awakens to another bustling day of trading, the current state of the market presents a mixed landscape, balancing between stagnation and subtle shifts. In today's analysis, we delve deep into the nuances of the market, examining trends, and offering

The Unyielding Dependence on Coal: A Close Look at China and India's Energy Trajectories

In a world increasingly cognizant of climate change and its looming threats, the steadfast reliance on coal by two economic powerhouses, China and India, presents a significant challenge. As the globe's most prolific consumers of this fossil fuel, their energy strategies offer a complex narrative of development, environmental impact, and

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

Navigating the Cryptocurrency Landscape: Insights from Geri Gensler

In an era where digital currencies are rapidly gaining traction, the allure of investing in crypto-assets has captivated the imagination of many. However, as Geri Gensler, a renowned expert in the field, points out, this venture is not without its pitfalls. This comprehensive guide, based on Gensler's advice, aims to

Mercari Marketplace Embraces Bitcoin as a Payment Method

Introduction: In a move that signals a significant shift in the e-commerce landscape, Mercari, a Japanese e-commerce giant, has announced its plan to accept Bitcoin as a payment method starting from June 2024. This decision marks a milestone for the company and the wider digital asset industry, reflecting a growing

Arthur Hays' Prediction on BTC's Correction and the Broader Financial Implications"

IntroductionIn the ever-evolving landscape of cryptocurrencies, Arthur Hays' recent forecast about Bitcoin (BTC) has sparked significant attention. Hays, a noted figure in the crypto world, anticipates a considerable correction in the value of BTC by March. His prediction of a 20-30% drop stems from various market dynamics, including the potential

A Dive into Today's Cryptocurrency Turbulence

Introduction As the sun rises over Wall Street, the digital currency market presents a contrasting image with most altcoins painted in red. Bitcoin (BTC) and Ethereum (ETH), the flag bearers of the crypto world, are currently trading around $43,100 and $2,230, respectively. This article delves into the current

"Happy Birthday, Bitcoin: A 15-Year Journey of Innovation and Resilience"

Fifteen years ago, the world witnessed the birth of a revolutionary concept that would redefine the essence of finance and technology. On January 3, 2009, an enigmatic figure under the pseudonym Satoshi Nakamoto launched the Bitcoin blockchain, mining its first, or 'genesis', block and in the process generating 50 bitcoins.

BYD Set to Outpace Tesla in Annual Car Production for Second Consecutive Year

BEIJING — In a significant development in the electric vehicle (EV) market, BYD, the Chinese automotive giant, announced on Monday that it produced over 3 million new energy vehicles in 2023. This achievement positions BYD to surpass Tesla’s production numbers for the second year in a row, highlighting the rapidly

Bitcoin Layer2 Network MAP Protocol Partners With Google Cloud

Introduction Brief overview of the partnership between Bitcoin Layer2 network MAP Protocol and Google Cloud.Mention the source of the news (Foresight News).Background Information Description of Bitcoin Layer2 network MAP Protocol: its purpose, how it operates, and its role in the blockchain industry.Overview of Google Cloud: its services,

"Binance Surpasses 170m Users Worldwide"

Introduction Headline announcement of Binance surpassing 170 million users.Brief introduction of Richard Teng's statement.Richard Teng's Announcement Details of Teng's announcement on social media.Context about Teng's role in Binance.Lack of country-specific data in Teng's announcement.Binance's Growth Trajectory Historical user growth, referencing Changpeng Zhao's statement in August.

Market Analysis: A Closer Look at Crypto Dynamics

Introduction: The cryptocurrency market today shows a downturn, with most altcoins in the red. Bitcoin (BTC) is currently trading around $42,300, while Ethereum (ETH) hovers around $2,220. These numbers reflect a volatile market environment, underscored by Bitcoin's dominance at 51.94% and a high Fear and Greed Index

Inflow of Funds into Crypto Funds: A Comprehensive Analysis

1. Introduction The cryptocurrency market, a dynamic and often unpredictable sphere, has witnessed a significant influx of funds in the recent week. According to a report by CoinShares, between December 17 and December 23, 2023, cryptocurrency exchange-traded products (ETFs) experienced a notable inflow of funds amounting to $103 million. This

Circle Advances in French Market with DASP Registration and New Leadership Appointment

PARIS – Circle, a leading global fintech firm and issuer of digital currencies like USDC and EURC, has achieved a significant milestone in its expansion in Europe. The French Financial Markets Authority (Autorité des Marchés Financiers, AMF) has conditionally registered Circle as a Digital Asset Service Provider (DASP, also known as

Messari's 2024 Forecast: Bitcoin at $600,000, L1 Competition, and the Dawn of "Consumer" Markets

Introduction Overview of Messari's 2024 crypto market forecast.Brief mention of the rise in Bitcoin's value and the emergence of consumer applications in the crypto space.Messari's Stature in the Crypto Analysis World Background information about Messari.Their role and influence in the crypto market analysis.Bitcoin's Meteoric Rise to

Hacker sells access to law enforcers' dashboard querying Binance customer data for $10,000

Introduction Brief overview of the incident.Introduction of the main parties involved: Binance, the hacker 'Miembro', law enforcement agencies affected.Background Information Description of Binance and its significance in the crypto market.Explanation of the law enforcement request panel and its purpose.Brief history of previous security incidents related to

Avalanche Users Spend $13.8 Million in Transaction Fees on Inscriptions in 5 Days

IntroductionBrief overview of the main news: $13.8 million in transaction fees on Avalanche blockchain.Explanation of inscription-based tokens and their popularity.Section 1: The Surge in Inscription-based TransactionsDetailed description of inscription-based tokens and NFTs on the Avalanche blockchain.Comparison with other blockchains, highlighting the unique features of Avalanche.Reasons

Navigating Through Turbulence: An In-Depth Look at Today's Crypto Market Dynamics

Introduction In the ever-evolving world of cryptocurrency, today marks a significant shift as the market faces a downturn. With major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) witnessing a decline, investors and market analysts are keenly observing these changes. Bitcoin, the market leader, is currently trading around $41,160, while

10 predictions for 2024 from Bitwise

IntroductionBrief introduction to Bitwise Asset Management and its relevance in the cryptocurrency sector.Overview of the significance of cryptocurrency market predictions for investors, businesses, and the general public.Transition into the 10 predictions made by Bitwise for 2024.1. Bitcoin's New All-Time High: $80,000Explanation of the factors driving this

"Polkastarter Unveils Ambitious Plans for 2024: Token Revamp, Branding Overhaul, and a Focus on Gaming"

Introduction Brief introduction to Polkastarter, explaining its role as a decentralized crowdfunding platform.Mention the significance of these announcements for the crypto and blockchain community.Section 1: The New POLS Token Detailed explanation of the current POLS token and its uses.What the new version of the token aims to

FIFA Launches Limited Edition NFTs with Exclusive 2026 World Cup Final Tickets!

FIFA Enters the NFT Arena with a Special Offer for Soccer Fans IntroductionOverview of the FIFA World Cup's global popularity. Brief mention of the previous tournament in Qatar in 2022.Introduction to the main news: FIFA's launch of limited edition digital collectibles (NFTs) for the 2026 World Cup.Mention of

"The Genesis of Solana: A Journey with Co-Founder Anatoly Yakovenko"

IntroductionBrief introduction to Solana and its significance in the cryptocurrency world.Introduction of Anatoly Yakovenko, co-founder of Solana.Early Days and InspirationBackground on Anatoly Yakovenko: Previous experiences, what led him to blockchain technology.The initial concept of Solana: How the idea was born.The Fundraising JourneyChallenges faced in the early

Starknet Foundation Unveils Plan to Allocate 1.8 Billion STRK Tokens to Fuel Network Growth

Exploring the strategic move by Starknet Foundation, this article delves into the details of the massive 1.8 billion STRK token allocation aimed at bolstering the growth and adoption of the Ethereum Layer 2 network, Starknet. IntroductionIn a groundbreaking announcement, the Starknet Foundation, the orchestrating body behind the Ethereum Layer

US Bitcoin ETF Issuers Nearing Approval Following Advanced Talks with SEC

Summary: The U.S. Securities and Exchange Commission (SEC) is reportedly nearing a decision on the approval of bitcoin exchange-traded funds (ETFs), following advanced discussions with several asset managers. Industry insiders indicate that these talks have progressed to addressing key technical details, signaling a potential green light for these financial

Bitcoin Core developer Luke Dashjr said

Introduction Briefly introduce the topic: Luke Daszhr's discovery of a vulnerability in the Bitcoin blockchain.Mention the potential for spam through this vulnerability.Background Information Explain Bitcoin, blockchain technology, and their significance.Introduce Luke Daszhr as a Bitcoin Core developer.Details of the Vulnerability Describe the vulnerability in layman's terms.

Bitcoin price broke the $42,000 mark

IntroductionBrief overview of Bitcoin's price surge past $42,000.Mention of the 6.6% increase in the last 24 hours.Historical ContextRecap of Bitcoin's performance before the Terra crash in May 2022.Comparison of current levels to previous highs and lows.Market AnalysisDetailed look at market liquidations, focusing on the

Space Force Major Advocates for Bitcoin in National Defense Strategy

Introduction: In a recent and intriguing development, Major Jason Lowry of the United States Space Force has made a compelling case for the inclusion of Bitcoin technology in the national security strategy of the United States. Addressing the Department of Defense, Major Lowry underscored the potential of Bitcoin as not

Former MDC Brooklyn prison inmate Gene Borello gave some details of SBF's incarceration at the prison.

Introduction: Briefly introduce the subject, Sam Bankman-Fried (SBF), a former crypto exchange CEO.Mention his current situation in the Metropolitan Detention Center (MDC) in Brooklyn.Background Information: Provide context about SBF's charges and reasons for his incarceration.Overview of the MDC, focusing on its history, conditions, and reputation.Jean Borello's

"Binance to Delist BUSD Stablecoin, Announces Conversion to FDUSD for Remaining Balances"

Introduction :Context: Introduction to Binance, a leading cryptocurrency exchange.Key Announcement: Binance's decision to delist BUSD stablecoin.Timeline: The delisting scheduled for December 15, 2023, and the disabling of withdrawals on December 31, 2023.Background on Binance and BUSD :Binance Overview: Brief history and significance in the crypto market.BUSD

Berkshire Hathaway Vice Chairman Charlie Munger Dies at 99

Introduction Brief overview of Charlie Munger's passing.Mention his role at Berkshire Hathaway and partnership with Warren Buffett.Highlight his age and the place of his death.Early Life and Education Detail Munger's early life, birth date, and place.Discuss his family background.Outline his educational journey, including his time

"Morning Market Update: Crypto Downswing, Bitcoin Holds Above $37,000"

Introduction:In today's morning market update, the cryptocurrency landscape presents a downturn with a significant number of altcoins in the red. Bitcoin (BTC), however, sustains its position above the $37,000 mark, while Ethereum (ETH) trades around $2,000. This shift reflects the volatile nature of the digital currency market,

Current market conditions

Introduction Brief overview of the current market state.Mention of Bitcoin and Ethereum's current trading prices.Introduction to key market indicators: Bitcoin dominance, Fear and Greed Index, Altseason Index, and total market capitalization.Market Analysis Detailed look at Bitcoin and Ethereum's price movements.Comparative analysis with the previous week/month.

"Cryptocurrency, Mackerel, and Prison Life: The Unlikely Journey of Sam Bankman-Fried in Brooklyn's Metropolitan Detention Center"

IntroductionBrief overview of Sam Bankman-Fried's background and his rise in the cryptocurrency world.Mention of his current situation in Brooklyn Metropolitan Detention Center.Background on Sam Bankman-FriedOverview of his career and the rise of FTX.Details on the legal issues leading to his incarceration.The Brooklyn Metropolitan Detention CenterDescription of

The Binance Saga and Its Impact on the Crypto World

Introduction: The crypto world has recently been abuzz with developments surrounding Binance, the world's largest cryptocurrency exchange. Amidst increasing regulatory scrutiny, Binance's situation has become a focal point in a broader narrative about the crypto industry's future. This story is not just about one platform; it's about the evolving landscape

Changpeng Zhao's Departure Marks a New Chapter for Binance Amidst Legal Challenges

A Turbulent Time for Binance and Changpeng Zhao In a move that sent ripples through the cryptocurrency world, Changpeng Zhao, better known as "CZ," has been dismissed from his position as the CEO of Binance, the world's largest cryptocurrency exchange. This development comes amidst growing legal scrutiny and regulatory challenges

US Seeks More than $4 Billion From Binance to End Criminal Case

Introduction Overview of the case: US Justice Department's proposal to resolve the investigation into Binance by seeking over $4 billion.Mention the ongoing negotiations and potential criminal charges against Binance's founder, Changpeng Zhao (CZ).Background of Binance and the Investigation Overview of Binance as the world's largest cryptocurrency exchange.Details

"The Sam Altman Drama: A Rift in the Tech World"

Introduction Background on Sam Altman and OpenAI.Introduction to the fictional scenario of Altman's sacking.Brief overview of the split in the tech world regarding AI.The Sacking of Sam Altman Details about the unexpected sacking of Sam Altman.Speculations and rumors surrounding the reasons.The appointment of Emmett Shear

WhiteBIT turns 5 years old: an overview of major achievements

Introduction Celebrate WhiteBIT's fifth anniversary.Briefly mention its significant milestones and current standing in the crypto exchange market.Achievements and Growth Detail WhiteBIT's journey to becoming a top-five crypto exchange.Discuss the user base growth to over 13 million.Highlight the addition of 10 national currencies and over 350 trading

The US Securities and Exchange Commission has deferred decisions on Hashdex's application to convert a Bitcoin futures-ETF into a spot-ETF. The regulator also postponed an application from Grayscale to launch a futures-based Ethereum-ETF.

The recent developments regarding the SEC's delay in deciding on applications for a Bitcoin spot ETF by Hashdex and a Grayscale Ether futures filing have garnered significant attention in the financial world, especially among American investors and cryptocurrency enthusiasts. In this comprehensive analysis, we'll delve into the details of these

"Economic Crimes Face Unprecedented Consequences in Today's Reality"

In the current landscape, the act of committing any economic crime carries consequences more severe than ever before. Unlike in the past, where there were chances to negotiate and settle matters quietly, today's environment offers virtually no opportunity for such resolutions. This shift marks a significant change in how economic

Singaporean VC Firm Foresight Ventures Acquires Major Stake in Crypto Media Company The Block

I. Introduction Brief overview of the acquisition deal.Introduction to Foresight Ventures and The Block.Context of the deal in relation to the FTX and Alameda Research collapse.II. Background of Foresight Ventures and The Block  words)Detailed description of Foresight Ventures, its history, portfolio, and market position.Overview of

DeFi platform Raft suffered a $3.3 million hacking attack, but the attacker likely lost almost all of the stolen funds.

Introduction : Briefly introduce the hacking incident at Raft.Highlight the amount stolen and the unusual outcome where the hacker ended up with less than they started with.Background on DeFi and Raft : Explain what DeFi is, its significance, and how it works.Provide information about Raft, its role in the

Two Years Since Bitcoin's Historic High: A Reflection on the Crypto Landscape

November 10, 2023, marks a significant milestone in the cryptocurrency world. Exactly two years ago, on this day, Bitcoin (BTC) reached its all-time high of $69,000, a figure that enthralled investors and marked a pivotal moment in the history of digital currencies. As we stand at this round-date anniversary,

WhiteBIT Exchange Launches Exclusive VIP Program to Enhance Trading Experience

In a bold move to elevate the trading experience for its clientele, the WhiteBIT Exchange has rolled out its VIP program, tailored to provide a plethora of benefits that cater to the needs of serious traders. As the cryptocurrency landscape continues to evolve at a breakneck pace, WhiteBIT Exchange's initiative

Binance Web3 Wallet

In a significant move to bolster the global financial system's integrity and protect users, Binance, the world's leading cryptocurrency exchange, has announced enhanced measures in its updated terms of use for the Binance Web3 Wallet. The update articulates the company's commitment to complying with anti-money laundering laws and safeguarding its

Daring Robbery at TONWEX: A Deep Dive into Tbilisi's Crypto Heist and the Ensuing Investigation

In an event that has sent shockwaves through the cryptocurrency world, TONWEX, a prominent crypto exchange located in Tbilisi's Vake district, fell victim to a meticulously planned and audaciously executed robbery. The heist, which stripped the exchange of approximately $811,000, has drawn not only national but international attention, raising

FTX's Move to Liquidate Holdings in Grayscale and Bitwise: A Deep Dive

In the fast-evolving landscape of cryptocurrency and digital assets, the latest news from the FTX camp has sent ripples through the industry. FTX, once a behemoth in the crypto exchange market, has indicated its intention to sell off significant holdings valued at $744 million in assets tied to Grayscale and

Senator Ted Cruz Embraces Cryptocurrency, Accepting Bitcoin for Campaign Donations

In a groundbreaking move that underscores the growing intersection of politics and technology, U.S. Senator Ted Cruz has announced that his campaign will now accept Bitcoin for campaign donations. This decision highlights the Texas senator's continued support for cryptocurrency and blockchain technology as integral components of the future of

A Decade of Decentralization: Celebrating 13 Years of the Iconic Bitcoin Logo

It has been a tumultuous journey filled with highs and lows, triumphs and challenges, but Bitcoin has undoubtedly left an indelible mark on the world of finance and beyond. Today, we celebrate a special milestone in the history of this revolutionary cryptocurrency – the 13th anniversary of its iconic logo, a

Solana Integration with Google Cloud’s BigQuery Enhances Data Accessibility and Innovation

The innovative world of blockchain technology has taken a significant leap forward as Google Cloud announces its integration with Solana, making it the 20th blockchain network supported by its BigQuery data analytics service. This integration is set to revolutionize the accessibility of Solana-based data, providing users with enhanced insights and

Celebrating 15 Years of Bitcoin: A Look Back at Satoshi Nakamoto's Whitepaper

Fifteen years ago, on October 31, 2008, an unknown entity by the name of Satoshi Nakamoto changed the financial world forever by publishing the Bitcoin Whitepaper on bitcoin.org. This groundbreaking document laid the foundation for the world’s first decentralized digital currency, paving the way for a new era

Saudi Arabia Pioneers a “Post-Oil Economy” with Petroleum Revenues

As the world pivots towards sustainable and renewable energy, Saudi Arabia, one of the largest petroleum producers globally, is strategically investing its oil revenues to build a "post-oil economy." The Public Investment Fund (PIF), established in 1971, has become a central player in this transformative journey, actively increasing its investments

SBF's Testimony Unveils Insider Borrowing Practices, Raises Questions on Legal Oversight

Sam Bankman-Fried testifies in court, revealing Alameda Research’s borrowing practices from FTX’s top management, with the jury absent. Article: In an unexpected turn of events, Sam Bankman-Fried (SBF), the former CEO of the now-bankrupt cryptocurrency exchange FTX, began giving his testimony today. However, the jury was notably absent,

SEC Chairman Gary Gensler Expresses Stark Concerns About Cryptocurrency Sector

As the digital financial landscape continues to evolve, cryptocurrencies have taken a significant spot in the limelight, drawing the attention of regulators, investors, and the general public alike. However, not all attention has been positive, as illustrated by recent comments from Gary Gensler, the Chairman of the U.S. Securities

PEPE Incinerates 6.9 Trillion Tokens, Sparking a 33% Price Surge and Market Excitement

The Unprecedented $5.5M Token BurnIn a post on the X platform (previously known as Twitter), the PEPE project team officially announced the token burn, revealing that 6.9 trillion PEPE tokens, equivalent to around $5.5 million, had been permanently removed from circulation. For those not familiar with the

FTX Creditors Targeted: Phishing Scam Promises Immediate Asset Recovery

In a shocking turn of events, creditors of the now-bankrupt cryptocurrency exchange FTX have become the targets of a sophisticated phishing scam. The scam is making false promises of an “exclusive opportunity” for immediate withdrawal of assets, bypassing all legal procedures and waiting periods. As of now, there has been

Reddit Crypto Community Removes Moderators Accused of MOON Insider Trading

In a recent controversial move, the Reddit community r/CryptoCurrency, boasting a whopping 6.9 million users, has decisively ousted moderators implicated in the insider trading of the subreddit's native token, MOON. This drastic step was taken after the revelation that these moderators traded the token mere minutes prior to

Finland Paves the Way for Digital Euro with its New Instant Payment System

Amidst the ongoing global transition to a digital financial era, Finland is proactively embracing the future of finance. Recent reports from major financial and cryptocurrency publications indicate that the Nordic nation is gearing up to integrate a state-of-the-art instant payments system, while also voicing its support for a digital Euro,

Coinbase Advanced: Pioneering New Avenues for Global Traders

San Francisco-based cryptocurrency exchange, Coinbase, is once again making headlines with its recent revelation that it's extending perpetual futures trading to certain non-US regions. This marks another innovative stride for Coinbase as it aims to revolutionize the way traders across the world approach cryptocurrency. Expanding the Crypto Frontier The specialized

Gullible Hearts: The Deep Psychological Trap of Online Scammers

In today's interconnected age, where technology bridges the gaps between continents and cultures, love has no boundaries. Neither, unfortunately, does deception. The rise in online relationships has opened a Pandora's box for those with nefarious intentions. In a recent shocking case, a Chinese teacher, surnamed Yuan, showcased the staggering depths

Court Case Against FTX's Sam Bankman-Fried Dominates Headlines: Possible 115-year Jail Term

Highlights: The CEO of the now-bankrupt FTX exchange, Sam Bankman-Fried, faces potential imprisonment of up to 115 years.He denies any wrongdoing.Key testimonies shed light on the financial mishandlings and alleged deceit orchestrated under Bankman-Fried’s leadership.Witness Testimonies: In a revelation that stunned the financial world, Adam Yedidia,

Uranium Finance Exploiter Attempts Money Laundering: Over $3 Million Moved to Ethereum

The cryptocurrency space has witnessed another significant security breach, this time involving Uranium Finance, a decentralized financial platform on the Binance Smart Chain (BNB Chain). The exploit has led to massive financial repercussions, with the attacker potentially attempting to launder the ill-gotten gains through Ethereum. BlockBeats, a renowned crypto news

Coinbase Spot Trading Volume Drops by Over 52% in Q3 2023!

San Francisco, CA - The leading American cryptocurrency exchange, Coinbase, is currently navigating turbulent waters as the latest numbers reveal a staggering 52% drop in its spot trading volume for Q3 2023. Data furnished by the analytics provider CCData indicates that Coinbase's spot trading volume for the third quarter has

Standard Chartered’s Research: Ethereum’s Potential Rise to $8,000 by 2026

The cryptocurrency market has been a whirlwind of developments and price fluctuations. As Bitcoin remains the undisputed king of the crypto world, Ethereum, its closest competitor, is not far behind in capturing the attention of investors and market analysts. Standard Chartered, a renowned British multinational banking and financial services company,

Building the case

Trader Joe's lawyers further elaborated on the potential damage this confusion could cause their brand, stating that the unauthorized use of the name was not just misleading but was also a "calculated move" to ride on the supermarket's popularity and goodwill. In the filed documents, the grocery chain has presented

Mysterious Bitcoin Whale Emerges from 3-Year Slumber, Transfers 5000 BTC Valued at $138.3 Million

After a prolonged period of inactivity, an unidentified bitcoin holder has resurfaced, startling the crypto community by transferring a mammoth 5000 BTC, approximately valued at $138.3 million, to two novel addresses. The Background Data analysis reflects that this colossal amount was originally acquired by the whale from Poolin, one

Crypto Exchange Attacks on the Rise: Upbit Faced a Staggering 159,000 Hacking Attempts in First Half of 2023

In the fast-paced world of cryptocurrencies, exchanges play a pivotal role, offering the much-needed platform for traders to buy and sell their assets. But as the industry grows, so does its attractiveness to malicious actors. A case in point: Upbit, a major crypto exchange, has recently been targeted by hackers

BitMEX Founder Arthur Hayes Predicts Bitcoin Price Between $750,000 to $1 Million by 2026

Amidst the volatility, regulations, and burgeoning adoption of cryptocurrencies, one voice has chimed in with a bullish forecast for the most famed digital asset – Bitcoin. Arthur Hayes, co-founder and former CEO of the prominent Bitcoin derivatives exchange BitMEX, has predicted that Bitcoin's price will range between $750,000 and $1

Bing Introduces Image Recognition with a Twist: The Necklace Deception

The age of technological marvels continues to evolve as Microsoft, the tech behemoth, introduced a new image recognition feature in its search engine, Bing. As exciting as this development might sound, it has also opened new avenues for those wanting to manipulate and deceive the system. But Microsoft anticipated this

Twitter

To many within the decentralized finance (DeFi) community, the phrase 'rug pull' is no stranger. In recent years, it has become synonymous with fraudulent activities where developers or insiders create a project, accumulate funds, and then suddenly withdraw or 'pull the rug,' leaving users with worthless tokens and empty

Illegal Casinos and Bookmakers Dragging Citizens into Money Laundering Through Intricate Schemes

In recent news, illegal casino operators and bookmakers are using even more intricate schemes to entice citizens into participating in money laundering operations, going beyond the known traditional methods. Their strategies now include exploiting the "Tips" service, which is becoming a favored avenue for their clandestine operations. The Mechanics of

Bitcoin Ends September in Green, Making History

Historical data reveals that October has historically been a favorable month for Bitcoin, with the cryptocurrency closing the month in the red only twice, in 2014 and 2018. With the steady growth seen in September, many investors are now speculating whether this October will follow the usual bullish trend or

VanEck Prepares to Launch Actively Managed Ethereum Futures ETF

As cryptocurrency continues to gain traction in mainstream financial markets, traditional finance (TradFi) institutions are making efforts to integrate these digital assets into their portfolios. The latest to join the bandwagon is VanEck, a major asset management company known for its innovative financial strategies. The firm has recently announced its

DeXe Network Announces Rebranding: Unveiling the DeXe Protocol

New York – The decentralized finance (DeFi) space has witnessed another significant moment in its evolution. DeXe Network, a renowned DeFi project, has announced a comprehensive rebranding strategy. Moving forward, the platform will be identified as "DeXe Protocol." The rebranding comes at a crucial juncture for the decentralized finance world, as

BlockFi's Liquidation Plan Gets Court Approval: A Deep Dive into the Crypto Lender's Troubles and Path Forward

In a pivotal development in the cryptocurrency space, BlockFi, one of the pioneering crypto lending platforms, has received court approval for its liquidation plan. This move is a significant step in the company's efforts to address its financial troubles and comes as a relief to its vast clientele, many of

The blockchain community in the US

The blockchain community in the US was rocked by allegations made by the renowned investigator, ZachXBT, against Gotbit, a crypto market maker. The accusations stem from a leaked report which suggests Gotbit indulged in potentially unethical trading behaviors. ZachXBT, who is known for his deep dives into the inner workings

The widening gap between Wall Street and the cryptocurrency market has investors torn between the two.

A broadening rift between Wall Street and the cryptocurrency market is leaving investors torn. The crossroads of decision is becoming more apparent as government bonds surge in attractiveness, exhibiting the highest appeal since the 2008 financial crisis. With Bitcoin (BTC) trading at a sobering $26,100, reflecting a 14% plunge

AstroPepeX Takes the Crypto World by Storm: A ChatGPT-Generated Memecoin With an AI Twist

New York (FinanceInsider.com) — The DeFi world is no stranger to innovation, but when an anonymous Ethereum developer used ChatGPT to generate an ERC-20 token named AstroPepeX (APX), the sector found itself thrust into the limelight again. The $3.5 million market capitalization token, generated by OpenAI's ChatGPT, marks a

Essential Secures $5.15 Million in Seed Funding to Develop Revolutionary Intent-Based Infrastructure

In a move signaling robust investor interest in the future of blockchain technology, Essential, a burgeoning startup, has successfully secured $5.15 million in seed funding. The round was led by Maven11 and featured notable contributions from Robot Ventures, Karatage, Batuhan Dasgin, Skip, James Prestwich, Brandon Curtis, and Eclipse founder

Grayscale Announces Application for New Ethereum Futures ETF: What It Means for Americans

Based on information from CryptoSlate, The Wall Street Journal, and PortalCripto The cryptocurrency sector received another piece of potentially transformative news this week as Grayscale, one of the world's most influential digital asset management companies, announced its application for a new Ethereum Futures Exchange Traded Fund (ETF) with the U.

Elon Musk Announces Possibility of a Monthly Fee for X Users

In recent statements, tech magnate Elon Musk revealed that users of X could soon find themselves paying a nominal monthly fee. This revelation, sourced from various reports, has added a new dimension to the ongoing conversation about the platform's future revenue models and its position in the digital market. Musk's

Alibaba Announces $2 Billion Investment in Turkey Following Erdogan Meeting

In a groundbreaking development, Alibaba Group Holding, China's leading e-commerce conglomerate, has declared a staggering $2 billion investment into Turkey. The decision was unveiled after an impactful meeting between Alibaba's top officials and the Turkish President Recep Tayyip Erdogan. The collaboration showcases Alibaba's intention to expand its international footprint and

First ETF zero-day options ETF launches in the US

The buzz around zero-day options trading has captured the attention of institutional and retail investors alike. This rapidly growing niche, characterized by its high-risk, high-reward profile, has gained traction particularly among traders seeking opportunities in a market dominated by unexpected events, extreme price swings, and heightened uncertainty. Today, Defiance ETFs

Paxos Admits Fault for Half a Million Dollar Bitcoin Transaction Blunder

In recent cryptocurrency news, a transaction involving a fee of 500,000 USD in Bitcoin raised eyebrows and sparked much speculation within the crypto community. With many assuming online payment giant PayPal was behind this oversight, new reports suggest otherwise. Sources from Decrypt, TS2 Shop, and Cointelegraph have confirmed that

Crypto exchange CoinEx reportedly hacked as ETH, Polygon wallets lose millions

The mainstream surge of cryptocurrency has, unfortunately, come with a price. The increasing popularity of these digital assets has made them a prime target for cybercriminals and hackers. A recent attack on CoinEx - a reputable cryptocurrency exchange - underscores the potential vulnerabilities inherent to the industry. CoinEx's Vulnerability ExposedLast

German business urges help for crisis-hit building industry.

Scholz's administration is currently under pressure, not just from business leaders but also the general public, to rectify the situation in the housing sector. Affordable housing, which was a central part of his election manifesto, now seems like a distant dream for many. The recent inflationary pressure, coupled with the

European Stocks on the Rise: A Glimpse for American Investors

The European stock market has seen a notable uptick in recent times, garnering significant attention from investors across the globe, including the United States. As a potential avenue for diversification and growth, it's crucial for American investors to understand the underlying factors driving European stocks. By diving into insights from

The Genesis Global Capital Saga: Over $600 Million in Unsettled Loans

By the time you finish reading this, you'll understand the intricacies of one of the most talked-about financial situations this year, a clash involving Genesis Global Capital and Digital Currency Group (DCG) that revolves around over $600 million in unsettled loans. The Unfolding Drama Genesis Global Capital, a major player

Inceptive Raises $100mn to Develop AI-based Vaccines and Drugs in Biotech Expansion

Andreessen Horowitz, which has invested in numerous tech companies, sees Inceptive's approach as the future of drug design. Chris Dixon, a general partner at Andreessen Horowitz, stated, “The blend of biology and AI has enormous potential. It can effectively shorten the drug development cycle, saving years and millions of dollars.

ThetaRay

ThetaRay, the Leader in Next Generation AI-Powered Secure Global Payments, Raises $57 Million to Continue Unlocking Business Opportunities for Banks and FinTechs Latest Round was Led by Portage, a Global FinTech and Financial Services Investment Platform, and Supported by Largest Existing Shareholder JVP and Other Shareholders. Funding Follows 10x Customer

London Sees Rising Interest in Crypto Among Major Exchanges Despite Concerns

LONDON (Reuters) - Amid the global surge in interest in cryptocurrencies, regulated financial exchanges are evaluating ways to tap into this expanding market, according to a recent report by the World Federation of Exchanges (WFE) released on Tuesday. However, the same report revealed that about a third of these exchanges

JP Morgan Projects the SEC Will Be Pressured to Approve Bitcoin ETFs

In the wake of JP Morgan's latest assessments on the cryptocurrency landscape, one notion has grown increasingly clear: The Securities and Exchange Commission (SEC) may soon find itself with little choice but to approve spot Bitcoin Exchange Traded Funds (ETFs). This development, according to JP Morgan's analysts, follows a recent

The US Department

The US Department of Justice reported on the destruction of the Qakbot botnet and the seizure of $8.6 million in cryptocurrencies. The operation was able to access Qakbot's infrastructure and identified more than 700,000 computers worldwide, including more than 200,000 in the US, that were infected. The

FBI Collaborates with European Authorities to Neutralize 'QakBot' Network: The Story Unfolds

n a momentous operation, the Federal Bureau of Investigation (FBI), in conjunction with European law enforcement agencies, has successfully dismantled a massive hacker network known as 'QakBot'. This network, which reportedly originated in Russia, has been implicated in wide-reaching cybercrimes. This joint endeavor has been lauded as a symbol of

GBTC

A little bit about why GBTC is important Grayscale Bitcoin Trust controls over 635k BTC. That's about 4.5 times more than MicroStrategy has. Simply put, they dominate potential ETF products holding spot BTC by a wide margin. Bernstein also believe that Grayscale's victory over the SEC clears the way

Microsoft

Microsoft has unveiled a new method for training AI Microsoft have published a research paper on a new concept of Large Language Model Learning (LLM) - Algorithm of Thoughts. It is intended to make AI-based software solutions more "human-like". The concept is also likely to speed up model training, making

Hong Kong police

458 people have been detained by Hong Kong police for money laundering. The criminals bought out bank accounts and used them to launder the proceeds of crime. The total amount of $60 million. $15 million of that was laundered through cryptocurrency. To open virtual bank accounts, the criminals fraudulently obtained

Hal Finney

9 years since the death of Hal Finney - the man without whom there would be no Bitcoin Exactly 9 years ago, on 28 August 2014, Hal Finney, a renowned cryptographer and Bitcoin supporter who played a crucial role in the history of the first cryptocurrency, died. He could have

Binance

Binance has requested from small-cap projects detailed information about their market makers and whether they are willing to contribute up to 5% of their crypto assets to the exchange's accumulation pools. The goal is to encourage project teams to take the recommended steps necessary to improve liquidity and avoid possible

Abstracts from Powell's speech at the Jackson Hole Economic Symposium

The Fed is prepared to raise rates further if necessary.A restrictive policy is needed until inflation slows steadily.We intend to keep rates at restrictive levels until inflation falls to 2 per cent.We will proceed cautiously.Inflation is falling more slowly than expected.Fed swaps are pledging a

UniswapX

UniswapX: how the new routing protocol will affect DEX liquidity Like most other platforms, Uniswap uses AMMs and liquidity pools - a reliable and proven solution, but it is not adapted for traditional players and creates certain risks. In order to improve the quality of user experience, as well as

Terra's official website has been hacked

The Terra administration has announced that the project's official website has been hacked. "To avoid potential phishing attacks, please avoid any interaction with terra(dot)money until we provide an update on this issue," the statement reads.

Checkout has refused to work with Binance over money laundering concerns

UK-based credit card company Checkout has refused to partner with crypto exchange Binance. The termination of the partnership is due to "reports of regulatory actions and orders in relevant jurisdictions" and "enquiries from partners". It also mentioned additional concerns related to money laundering and sanctions against Binance.

19% of New York residents own cryptocurrencies

About 19% of New York State residents own crypto assets, according to a Morning Consult study commissioned by Coinbase. The report said there are 692 organisations registered in New York State that are involved in blockchain technology. 52 per cent of them are Fortune 100 companies that are rolling out

Bitstamp will suspend trading of some tokens in the US

Cryptocurrency exchange Bitstamp will delist AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL tokens in the United States. The company did not give the exact reason for this decision, citing the volatile business climate. Earlier, the US Securities and Exchange Commission (SEC) classified these tokens as securities.

"SEC will approve more than one application for spot bitcoin-ETFs at a time" - Kathy Wood

Ark Invest CEO Katie Wood said that the US Securities and Exchange Commission (SEC) is likely to approve more than one application for a spot bitcoin-ETF. "I think the SEC, if it's going to put spot bitcoin-ETFs on the market, will approve more than one application at a time," Wood

Arkham Intelligence has set a $46,000 reward for the culprit behind the FTX hack

The Arkham Intelligence project has announced a $46,000 reward for accurate information about the hacker involved in the November 2022 FTX hack. The user must not only name the culprit behind the exchange exploit, but also provide irrefutable evidence of guilt.

MicroStrategy did not sell bitcoins in Q2 2023

MicroStrategy, one of the largest holders of BTC, has published its quarterly report. The organisation did not sell any bitcoins during the period, only increasing its holdings by 12,333 BTC.

Harbinger of the storm: can EigenLayer set the trend for restacking on the Ethereum network?

In April 2023, Ethereum developers activated the Shapella update, which included several changes for consensus and execution layers, including the ability to withdraw ETH from the Beacon Chain deposit contract. The hardfork also created the necessary conditions for new directions to emerge and projects to be realised that were previously

Binance exchange has withdrawn its application for a licence in Germany

Cryptocurrency exchange Binance has withdrawn its licence application from the German Federal Financial Supervisory Authority (BaFin). "Both the global market and regulatory situation has undergone significant changes. Binance plans to apply for the appropriate licensing in Germany, but it is important that our application accurately reflects these new conditions," the

X will cover half of the global financial system - Ilon Musk

Elon Musk said  that the rebranding of Twitter is just the beginning of a long and painstaking process. "In the coming months, we will add more tools for communication and the ability to manage the entire financial world. In this concept, the Twitter name is not appropriate. The idea is

DxSale saved from a $5.2 million exploit for $500

Cybersecurity company Decurity has announced that it has discovered a vulnerability in the DxSale protocol with a potential $5.2 million in damage. DxSale offered experts $500 as a reward, which the organisation deemed an "unexpected disappointment".

FTX files $1bn lawsuit against Bankman-Fried and former top executives

Cryptocurrency exchange FTX has sued Sam Bankman-Fried, co-founder Gary Wang, ex-CEO of hedge fund Alameda Research Caroline Ellison and ex-CTO Nishad Singh. The new management has asked for the return of $1bn of misappropriated funds.

Kuwait bans cryptocurrency

Kuwait's top financial regulator plans to impose an "absolute ban" on cryptocurrency transactions, the issuance of licences by local regulators to provide crypto services to other companies, mining and other transactions involving digital assets.

Pavel Durov admitted that he invests in bitcoin and TON

Pavel Durov, the founder of Telegram, announced that he prefers to invest in bonds of the messenger, supporting its financial condition, and also said that he "walks" bitcoins and TON. It is not yet known which cryptocurrency amount he is referring to.

Binance has completed Lightning Network integration

Binance announced the completion of the Bitcoin Lightning Network integration. Users can already make deposits and withdrawals through the new network.

WhiteBIT has added the ability to convert USDC to cash hryvnia

The service operates on the Stellar blockchain with support from MoneyGram, which will provide this service commission-free until June 2024.

Mantle Network votes to create a $200 million ecosystem fund

The Mantle project is proposing to create a $200 million fund to support the development of decentralised applications on the Ethereum network. Strategic venture partners include Animoca Ventures, Bankless Ventures and Dragonfly Capital.

Microsoft has announced a partnership with Axelar

Axelar is teaming up with Microsoft. The protocol plans to create a blockchain-based tool that will allow users to connect to dapps via the Microsoft Azure platform. The partnership also envisages the development of solutions that include connecting private and public blockchains, as well as integration with OpenAI services

Grayscale criticised by SEC over leveraged bitcoin-ETF launch

The SEC has been criticised by Grayscale's lawyers for allowing the launch of a leveraged bitcoin ETF while rejecting previous attempts to create spot funds. Lawyer Donald Verrilli, sent a letter to the Court of Appeals expressing the view that leveraged ETFs are "an even greater risk".

First fraudulent crypto accounts on Threads

Scammers who create fake accounts of famous personalities and cryptocurrency projects have become active  on the Threads platform. Already several projects and personal accounts have reported scammers impersonating them.

Circle and Tether freeze $65m stolen from Multichain

Circle and Tether have frozen more than $65m that may be linked to the Multichain hack. The companies have blacklisted five addresses.

Canadian teenagers steal $4.2m in cryptocurrencies by pretending to be Coinbase employees

Two teenagers have been detained in Canada after stealing $4.2 million in cryptocurrencies from an American. During a search, Hamilton police found digital assets totaling $13 million in their wallets. The suspects were scammed through phishing emails, posing as Coinbase's helpdesk.

US bitcoin spot ETF likely to be approved - Bernstein

Brokerage Bernstein believes that the likelihood of regulatory approval of a spot ETF is "fairly high". That's according to its recent report. Analysts noted that the SEC has already approved futures ETFs because pricing occurs on the regulated CME exchange. However, the agency expresses some scepticism about spot bitcoin ETFs

Elon Musk announces restrictions for Twitter users

Elon Musk has published a message in which he announced temporary restrictions for readers. He states that this is necessary to reduce the load on the system. The measures in question are as follows: Verified accounts can view up to 10,000 publications per day;Unchecked pages - 1,000

Apple in its repertoire - still a rock

As the years go by, Apple remains ahead of the rest of the world. The company has once again broken through the $3 trillion capitalisation mark, holding it for a second consecutive session. What drives the giant's investors, and will there be a limit to growth? Security. It would seem

Ban the circulation of cryptocurrency

Belarus intends to ban the circulation of cryptocurrencies between individuals. The transactions are conducted for the purpose of money laundering. The ban will make it more difficult to withdraw illegally obtained funds. Exchange transactions will only be allowed through Hi-Tech Park exchanges to ensure maximum transparency and control.

ZenCash cryptocurrency will no longer be anonymous

Due to regulatory pressure, the Horizen team will make consensus-level adjustments and remove the anonymity features of the ZEN coin. The update will be rolled out to the test network in August and to the main network in September.

FTX manages to recover $7bn in liquid assets

The new management of the FTX exchange has managed  to recover $7bn in liquid assets, according to a bankruptcy report. In total FTX Group owed its customers $8.7bn, with $6.4bn in fiat and crypto assets.

Near Foundation partners with Alibaba Cloud

Near Foundation has announced a strategic partnership with Alibaba Cloud, a division of the tech giant of the same name. The agreement is designed to facilitate the development of Web3 in Asia, as well as to accelerate the scaling of the protocol ecosystem.

SEC approves first bitcoin futures ETF

The Securities and Exchange Commission (SEC) has approved the first leveraged cryptocurrency ETF in the US, the 2x Bitcoin Strategy ETF (BITX) by Volatility Shares. The ETF will align with the CME Bitcoin Futures Daily Roll Index.

Brazil inspects Binance exchange

Cryptocurrency exchange Binance Brazil is facing an audit by Brazilian regulators. Alfredo Gaspar, a congressional representative and member of a parliamentary commission to investigate pyramid schemes, demands that Guilherme Haddad, head of Binance Brazil, be invited to testify before the Brazilian parliament. In his statement, the congressman wrote that Binance

Binance working on Bitcoin Lightning Network implementation

Crypto-exchange Binance has shared new details of Lightning Network integration. They have launched several new nodes and are actively working on connecting the protocol for deposits and withdrawals.

Crypto com runs a network of market makers - Financial Times

The Financial Times has published  an investigation into the Crypto com exchange. They accuse the platform of manipulating markets through its own platform and fake market makers. According to the media, Crypto com has used its staff to trade tokens and make profits. Their trading and market-making teams also acted

Apple, Google and Microsoft could help authorities seize crypto-assets - ex-CTO Coinbase

Former Coinbase CTO Balaji Srinivasan believes that large tech companies pose a threat to crypto-asset owners. According to him, giants like Apple and Google can leak sensitive information to the authorities. "They can simply scan your hard drive for private keys and then confiscate crypto-assets at the behest of the

Binance US market share fell to a two-year low

As of June 15, Binance US market share in the United States dropped to 2.7%. Transaction volume continues to fall for the fourth month in a row. The platform's share has fallen to December 2020 levels

Regulatory pressure "plays into the hands" of BTC - Michael Saylor

Ex-CEO of MicroStrategy Michael Saylor believes that possible enforcement actions against the crypto-asset market could strengthen bitcoin's position. He argued that only BTC is a commodity in the eyes of the SEC. At the same time, the regulator "has no love" for other tokens and derivatives.

The Solana community has proposed a fork to solve problems with the SEC

The Solana community discussed the possibility of conducting a fork to eliminate any potential legal problems from the SEC. Several influential members of the community supported the idea, including "HGEABC," the founder of Abracadabra.

Vitalik Buterin and Polygon co-founder contribute $100 million to COVID-19 research

Ethereum co-founder Vitalik Buterin and Polygon co-founder Sandeep Nailwal will jointly support COVID-19 research. They donated $100 million to India's Crypto Relief crypto fund. The funds will be used specifically to fund the medical infrastructure that is studying and developing methods to combat the coronavirus pandemic in India.

U.S. authorities rejected Bittrex's refund plan

The U.S. government has rejected  Bittrex's proposal to repay customers. Authorities have decided that a bankruptcy plan approval hearing should be held first. The next hearing on the matter will take place on June 14.

Gary Gensler could become advisor to Binance in 2019

SEC Chairman Gary Gensler could well become Binance's legal advisor in 2019, according to information provided by lawyers. They claim that Gary Gensler has offered his services several times in conversations with both the exchange's top management and Zhao, whom he then saw in person.

We don't need more digital assets - Gary Gensler

During an appearance live on CNBC, SEC Chairman Gary Gensler made  a blunt statement regarding cryptocurrencies. "We don't need more digital currency. We already have a digital currency. It's called the U.S. dollar. It's called the euro. It's called the yen. They're all digital now," Gensler stated.

$305 million has been liquidated in the last 24 hours

Amid the news around Binance, BTC was momentarily falling below $25,400 and is now trading around $25,700, and ETH is around $1,800. BNB was down to $270. Due to market volatility, about 115,000 traders were liquidated and positions for $305 million were liquidated. 92% of liquidations

Metropolitan Museum will return $550,000 in donations from cryptocurrency exchange FTX

The Metropolitan Museum has agreed to return more than half a million dollars in donations from FTX. Court documents and an agreement between the parties show this.

China Arrests Stablecoin Issuer Trust Reserve Team

Chinese journalists reported that police raided and arrested CNHC and HKD Trust Reserve, an offshore steblecoin issuer. Authorities seized the firm's assets to investigate, and searches are underway at the office. China suspects they are involved in fraud that could involve a cross-border payment business separate from stablcoin.

OTCOnline: testing a platform for OTC transactions

In today's guide we'll look at testnet of OTCOnline project - automated OTC-service on smart contracts, which provides the necessary infrastructure to make secure P2P deals. The project is at the very early stage now and just launched its testnet. Whether there will be rewards for it is unknown, but

Brazil has selected participants in the closed CBDC pilot

Brazil's central bank has selected the 14 companies that will participate in the pilot tests of the digital real (CBDC). The list includes the largest local bank Banco do Brasil, other banks (Bradesco, Nubank and Itaú Unibanco) and the local stock exchange. International companies Visa and Microsoft will also work

Coinbase launches promotional campaign in Washington, DC

Cryptocurrency exchange Coinbase is launchin an advertising campaign in the U.S. metropolitan area. It aims to introduce Americans to the cryptocurrency, explain how it works, and convince them of the segment's vast prospects.

Huobi banned in Malaysia

The Securities and Exchange Commission of Malaysia (SC) filed charges against Huobi Global Ltd. and its CVO. The company is accused of operating a virtual asset trading platform (DAX) without the appropriate license.

France is ready to accept all cryptocurrency "refugees" from the U.S.

French financial regulator AMF is offering "asylum" to companies that are fleeing the U.S. due to regulatory ambiguity. The agency noted that so far 74 cryptocurrency counterparties have already registered in the EU.

U.S. Secret Service has its own NFT collection

Representatives of the U.S. Secret Service, along with members of the REACT unit, held an AMA session on the Reddit platform. When asked by the audience whether the Secret Service would launch its own meme-coin, the agency replied that their USSS San Francisco collection was already running on OpenSea.

DPRK may fund missile construction with stolen cryptocurrency

The White House believes that cyberattacks and cryptocurrency theft remain a key source of income for the DPRK regime. The Defense Ministry said that at least half of the country's missile program is financed by these funds. According to Ann Neuberger, deputy national security advisor for cybercrime and new technologies,

Elon Musk resigns as CEO of Twitter

Elon Musk announced that he is leaving the post of Twitter CEO. He has already found a replacement. The new CEO is expected to take over at the end of June or early July. Musk also noted that the new CEO will be a woman.

Bitcoin Core developers propose blocking Ordinals and BRC-20

Bitcoin Core team members Ali Sherif and Luke Dashjr have advocated integrating "spam filtering" into Taproot transactions. This would block tokens based on BRC-20 and NFT Ordinals, but would also take the strain off the network. "I think everyone here knows what has happened to the bitcoin meme in the

Former Ripple top executive advises El Salvador to switch to XRP

Former Ripple communications director Matt Hamilton advised El Salvador to use a "more appropriate technology," such as XRP, for small payments. He cited the high fees on the Bitcoin network as the reasoning behind it. In his view, Bitcoin does not scale in any way. These limitations significantly inhibit the

In Estonia the number of registered crypto-firms has dropped by 80%

Regulatory authorities in Estonia have taken a tougher stance due to concerns about money laundering. As a consequence, the number of crypto-firms registered in the country has dropped by 80%. The regulator said in a statement that about 200 licenses were revoked by the firms themselves, and about the same

Coinbase is considering the UAE as a potential international cryptocurrency hub

Cryptocurrency exchange Coinbase reported that the United Arab Emirates could serve as an international crypto-hub for the Middle East as well as parts of Africa and Asia. "Cryptocurrency and web3 are huge opportunities for economic and technological diversification for the UAE, the region has the potential to be a strategic

Montana passed legislation to protect cryptomainers

The Montana Senate passed legislation to protect crypto-mining from discrimination. Draft 37-13 protects both home mining and businesses. It prohibits operators from imposing "discriminatory utility rates." At the same time, mining companies are protected from taxation on the mined cryptocurrency.

Curve has launched crvUSD on the Ethereum core network

The developers of the Curve protocol launched the crvUSD stablecoin on the Ethereum core network, after testing on the Sepolia network. But, after some time, the team discovered that the current version of crvUSD needs to be re-deployed. Stablecoin is planned to be re-deployed today.

Former OpenSea manager found guilty in insider trading case

Yesterday, the trial of Nathaniel Chastain took place. A jury found the ex-manager of OpenSea guilty on charges of insider trading, fraud and violating AML laws. A final hearing is scheduled for August 22, at which time the court will announce the verdict. Chastain faces up to 20 years in

ChatGPT has been spreading fakes about Binance

Binance has received multiple enquiries from Congress regarding the company and its CEO's alleged ties to the PRC. This was reported by Fortune, citing a spokesperson for the exchange. According to Binance, the reason for the enquiries from Congress was ChatGPT. The chatbot claims that Changpeng Zhao developed the platform

Cost to mine 1 BTC in US to rise to $17,000 - Hashrate Index

This year, the cost of mining one bitcoin in the United States will rise from $5,000-10,000 to $17,000, according to a new report from analytics portal Hashrate Index. New Mexico, Idaho, Oklahoma and Iowa will be the most profitable places to mine Bitcoin. The highest electricity costs

Cryptocurrency hacking and skimming losses exceed $103m in April

During April, cryptocurrency projects lost $103.7m due to exploits, hacks and exit scams. The cumulative loss since the beginning of 2023 was $429.7m, according to a report by analytics firm CertiK. April's biggest exploits included a $25.4 million attack on several MEV trading bots, a $22 million

MicroStrategy to introduce its own Lightning Network-based software

MicroStrategy will unveil Lightning Network-based software for corporations next week. The announcement was made by the firm's former head Michael Saylor. The presentation will take place May 1-4 at the MicroStrategy World 2023 event (Florida).

DEX Merlin hacked immediately after Certik audit

Decentralised exchange Merlin, built on the zkSync network, has become the victim of a hack. According to preliminary reports, hackers managed to steal more than $1.82 million in assets. The project's main farming pools and publically-sales were launched immediately after the Certik audit. The company commented on the attack:

US and South Korea impose sanctions on traders for working for Lazarus Group

The US Treasury Department has identified three OTC traders who provided material support and helped convert digital assets into fiat currency for the North Korean hacking group Lazarus Group. The Department of Foreign Assets Control (OFAC), together with South Korea, imposed sanctions on them. The suspects operate in China and

Ethereum ICO member 'wakes up' after 7 years of inactivity

A long-dormant Ethereum address has "woken up" online. It was last active more than 7 years ago. Among other things, it participated in the Ethereum ICO, buying 2,365 ETH on it. At today's exchange rate, that's $4.42 million.

Wallet Telegram bot added the ability to buy BTC

The developers of Telegram bot Wallet have announced the addition of a new feature. Users will now be able to buy, withdraw or exchange bitcoins directly through the bot. It will be possible to buy BTC with a bank card or via P2P.

Tesla has not sold its Bitcoins

Based on Tesla's quarterly report, it has not sold its digital assets. There were no additional Bitcoin purchases either.

Intel discontinues production of chips for mining

Intel has officially announced that it will discontinue production of its new 1000 series ASIC Blocksale chips, which were designed for mining. The manufacturer introduced these chips just over a year ago. "Our main focus now is on investing in IDM 2.0, so we are winding down the Blocksale

Bitget and Core DAO launch $200 million fund

Cryptocurrency exchange Bitget has partnered with Core DAO, the organization that is developing the Satoshi Plus ecosystem. As part of the collaboration, the parties will launch a $200 million ecosystem fund. It is focused on supporting decentralized applications (DApps) built on Core Network Layer-1 blockchain.

Solana unveiled Saga crypto phone

Solana Labs held a presentation of its Saga crypto phone. The release was conducted live by employees of Solana's mobile division. The device will go on mass sale on May 8 at a price of $1000. The device will run on Android OS. The creators call their technology Seed Vault

Binance to open withdrawals of stacked ETH from 19 April

The Binance exchange is preparing to launch withdrawals from ETH stacking. It will be available starting next Wednesday, April 19. Users who have staked through Binance will be able to redeem ETH, using BETH at a 1:1 ratio.

MicroStrategy's Bitcoin portfolio is in the black for the first time in nearly a year

MicroStrategy owns 140 thousand BTC worth a total of $4.17 billion. The average purchase price is $29,803. Now that BTC has crossed the $30k mark, the portfolio has gone into paper surplus. This happened for the first time in the last 307 days. In June, the unrecorded loss

Etherscan will hide null transfers

The Etherscan blockchain browser will no longer show empty transactions with zero transfers, to protect users from an "address poisoning" attack. There were 40,000 such attacks on the Ethereum network late last year.

Coinbase plans Lightning Network integration

Coinbase CEO Brian Armstrong claims that the exchange is planning Lightning Network integration. "Lightning is cool, we plan to add this technology in the future," he stated.

Thailand's prime ministerial contender will give every citizen $300 in cryptocurrency

Thailand's opposition leader Srettha Thavisin is promising a $300 (10,000 Thai Baht) drop in digital currency to every citizen of the country if he is elected prime minister. Tavisin argues that such an initiative would provide some economic relief for Thais, as the country is now trapped with one

Singapore prepares a set of rules for banks on dealing with cryptocurrency customers

Authorities in Singapore have begun to develop uniform bank screening standards for cryptocurrency customers. This was reported by Bloomberg, citing insiders. The central bank and lawyers will help banks adjust their verification standards when opening accounts for crypto-service providers. They will apply to all types of digital assets - cryptocurrencies,

Founders of 3AC and CoinFLEX launch OPNX exchange

The founders of collapsed fund Three Arrows Capital announced the launch of the OPNX platform, which is supposed to be a tool for tokenisation followed by the sale of users' financial claims. Some users on the "waiting list" also received FLEX tokens as drops.

Marathon Digital sets record for BTC mining

Mining company Marathon Digital has published a report for March this year. Last month, the miner boosted output by 21%, producing a record 825 BTC. The company received 2,195 coins in the first quarter. By comparison, Marathon Digital mined 4,144 BTC for the full year 2022.

Musk's lawyers ask court to dismiss $258bn lawsuit over DOGE

In June last year a group of investors filed a lawsuit against Ilon Musk, accusing him of orchestrating a "Ponzi scheme" around DOGE. Lawyers for the businessman, in turn, recently filed a motion in federal court in Manhattan to dismiss the suit. They called the lawsuit itself a "bizarre fabrication"

Bittrex leaves US due to regulators

Cryptocurrency exchange Bittrex is ceasing its operations in the United States. The company attributed its decision to an unfavourable regulatory environment that has made it impractical to operate in the country. "It is not feasible for us to continue operating in the current US regulatory and economic environment. Client funds

Gemini plans to launch an international exchange

US cryptocurrency exchange Gemini is preparing to launch an international derivatives exchange, The Information reports, citing insiders. To that end, Gemini's management has been working with market makers who conduct overseas operations for the past several months.

Finland approves expansion of Nornickel's operations in the country.

Regulators have approved the company's expansion of its production site in Harjavalta. At the initial stage, it is planned to increase nickel and cobalt production from 65,000 tonnes to 75,000 tonnes.

Hacker returns another $37.1m to Euler Finance project

Protocol hacker Euler Finance has returned $37.1 million in 15,476 ETH and $10.7 million DAI to the project. The total amount returned is $138 million.

Gucci announced a strategic partnership with Yuga Labs

Fashion house Gucci has announced a multi-year collaboration agreement with studio Yuga Labs. As part of this partnership, the parties will comprehensively explore "the ways in which fashion and entertainment intersect in the meta universe".

Binance employees help Chinese users bypass KYC - CNBC

CNBC journalists claim that Binance employees are helping Chinese users bypass a crypto-ban. There are also "volunteers" involved. They tell Chinese people how to register under another country. Tips to circumvent restrictions are given in local chat rooms and forums. CNBC journalists said they "infiltrated" two such groups, each with

Magic Eden adds NFT support to Bitcoin Ordinals

NFT marketplace Magic Eden has announced that it has introduced NFT support to the Bitcoin network based on the Ordinals protocol. The project team says that on their platform, the process of interacting with Ordinals will be as user-friendly as possible.

IRS believes NFTs should be taxable

The Internal Revenue Service (IRS) has stated in their announcement that according to their own analysis, NFT is a collector's item. And in their view, NFT should be taxed in the same way as stamps of all kinds, works of art and wines. "For example, a gemstone is a collector's

DefiLlama denied information about token launch.

The other day, the DefiLlama project was in a heated internal war over the token launch, but representatives of the project have recently made an official explanation: "The DefiLlama team would like to apologize for the events that occurred yesterday as a result of miscommunication and poor communication within the

Taiwan's financial regulator develops regulatory framework for the cryptosphere

The FSC (Financial Supervisory Commission of Taiwan) announced the development of an industry-wide regulatory framework for cryptocurrencies. The initiative has met with approval among local counterparties. The next step is the creation of an industry body within the FSC. With its help, the Commission expects to clearly define the list

Coinbase is in talks to create a new exchange

Coinbase is considering options to create a new exchange, which will be located outside the U.S. jurisdiction. The company has not yet decided where exactly the platform will be located, but it is already in talks with market makers about connecting to it.

U.S. to launch FedNow instant payment service

The Fed, the main financial regulator in the U.S., will launch FedNow instant payment system in July. The central bank said in a statement. "As the launch nears, we urge financial institutions and their industry partners to accelerate preparations for the introduction of FedNow into the service." Some experts

GPT-4 found a vulnerability in Ethereum smart contract.

Coinbase director Conor Grogan checked the active Ethereum contract via GPT-4. The chatbot identified a number of security vulnerabilities and pointed out areas where the contract could be used. This smart contract had previously been hacked in 2018 with exploits, which ChatGPT accurately pointed out. Grogan added that "AI will

U.S. Justice Department Investigates Terra Stablecoin Collapse

The U.S. Justice Department is investigating the collapse of the UST steblycoin, WSJ reports. The Federal Bureau of Investigation and the U.S. Attorney's Office for the Southern District of New York (SDNY) have already questioned former employees of Terraform Labs.

$236 million was liquidated in the last 24 hours

The market has recovered a bit, and the value of BTC has risen above $22,000 and is now trading around the same values, and ETH is around $1,570. Market capitalization is up about 5.42% to $975 billion at the time of writing. Due to the growth, about

SWIFT-transfers

A new scheme was found that allows to accumulate payments through SWIFT-transfers. The essence of the scheme is to swap virtual cards and split payments by $90. A kind of mixer that splits payments into hundreds of transactions, then transactions are exchanged through a third-party exchange for BTC. Then there

Gate launched a new Visa cryptocurrency for the Eurozone

Gate Group, the parent company of Gate io, announced the launch of a new joint initiative with payment service provider Visa. The firm has launched a debit cryptocurrency card for its customers in the Eurozone. "We aim to become a kind of bridge between the entire cryptocurrency ecosystem and the

75% of Paxos respondents are confident in the future of cryptocurrencies

Paxos conducted a survey regarding cryptocurrencies. The results show that despite the crypto winter and unstable market situation, the majority of respondents are confident in the future of the cryptocurrency sector. The firm surveyed 5,000 working-age adults in the United States. But it selected them based on certain criteria:

China plans to establish a new financial regulator to control risks

Today China held  the National People's Congress. During it, the authorities announced a plan to tighten control over the financial sector. Among other things, it foresees the creation of a new agency, the National Financial Regulatory Administration. It will take over the powers of CBIRC, which will be abolished. Moreover,

BNB Chain hackathon winner accuses Binance of stealing the idea

Earlier this month, CZ announced the launch of Bicasso, a tool for generating NFT using artificial intelligence. But, the winner of the BNB Chain hackathon and creator of the Chatcasso tool, accused the Binance exchange of plagiarism. According to him, the company copied the product just two months after they

Multicoin Capital lost 91.4% last year

Hedge fund Multicoin Capital suffered a 91.4% loss in 2022. The annual letter said the losses were caused by volatile market conditions and the collapse of the FTX cryptocurrency exchange. "We managed to avoid the collapse of LUNA and Three Arrows Capital, but unfortunately we were hit by the

OCG

An organised criminal group involved in crypto-fraud was dismantled in Romania and Moldova. Twenty-one people were detained. The victims were lured by the large profits of investing in crypto through a special platform. In reality, the money went directly to the criminals, who laundered it in Moldova. The victims of

97% of Voyager customers approved the deal with Binance

Tomorrow there will be a court hearing on Voyager Digital's new restructuring plan. Its "foundation" is a deal with Binance worth more than $1 billion. A poll showed that 97% of the platform's customers approve  of it. One of Voyager's liquidators, Stretto, conducted the poll. Its staff surveyed 61,300

Yuga Labs presented NFT collection based on Bitcoin Ordinals

Yuga Labs studio announced the launch of a new project. The collection of 300 NFTs, reflecting "a visual allegory on Bitcoin network data mapping," was named TwelveFold. The company stressed that the new project is in no way related to BAYC or other Ethereum-based collections. Moreover, the firm said TwelveFold

Сrypto exchanges

Сryptocurrency exchangesThe U.S. Treasury Department has no plans to ban cryptocurrencies During the G20 Summit, U.S. Treasury Secretary Janet Yellen said  that the government has no plans to ban cryptocurrencies, but is working on regulation and laws. Yellen explained that today it is crucial to create a strong

Qualcomm wants to launch satellite messaging

The maker of processors and networking chips for Android smartphones said it is working with Honor, Lenovo, Motorola and other brands to develop a satellite messaging capability. This is needed for people living far away from urban communication coverage areas. Mobile Internet in rural areas is very poor, and affordable

Swiss city of Lugano to launch bitcoin education in schools

The mayor of the Swiss city of Lugano has announced the launch of a school bitcoin education programme. It will open as early as March. The project will coincide with the first anniversary of the "bitcoin revolution" in Lugano. Recall that the region launched a test programme for adopting cryptocurrencies

NFT-mint UACatsDivision has started

The sale of NFT cats has started! Right now you can go to the official website of the project and get your cat (or several). Let's bring our victory closer together! You can buy NFT with crypto (via MetaMask, or any wallet with Wallet Connect support), with a regular card

"If you invested in BTC after 2015, you simply lost money" - BIS

The Bank for International Settlements (BIS) has published a new report titled "Crypto shocks and retail losses". The organisation's main message is that most retail investors have lost money investing in BTC. "Data from major crypto trading platforms between August 2015 and December 2022 shows that the majority of users

Crypto fund Galois Capital is shutting down

Cryptocurrency hedge fund Galois Capital has announced its closure. The reason was the FTX exchange The company had kept half of its funds on the platform. They are now blocked and the timeline for repayment is unclear. As for the unlocked funds, the fund will distribute almost the entire amount

Mt.Gox's two biggest lenders opt for BTC payouts

Mt.Gox's two largest lenders are due to receive some of their funds in September. They are Bitcoinica and MtGox Investment Funds (MGIF). They together represent about 1/5th of all Mt.Gox claims. The collapsed exchange is willing to pay them 90% of the demanded amount, and has offered

Charlie Munger calls for investing in banks, not cryptocurrency

At the Daily Journal's annual investor meeting, Charlie Munger, the 99-year-old vice president of Berkshire Hathaway said . "I think people who oppose my position are idiots. Cryptocurrency is useless. Investors should avoid people who promote it." Munger himself suggests investing in banks rather than digital currencies. He also spoke out

Employees arrested in India

In India, employees of TPG Global FX were arrested for running a fraudulent scheme that encouraged people to invest in Forex trading through its offshore platform. Shailesh Kumar Pandey and Prasenjit Das used the funds to buy movable and immovable property for their personal use, raising a substantial amount of

France to tighten rules for registering cryptocurrency companies

From January next year, cryptocurrency companies will face  a tougher list of requirements to obtain a license in France. In particular, applicants will have to comply with rules regarding possible conflicts of interest. Conflict of interest, internal controls and cybersecurity clauses have been added to the list of requirements for

Brazil's oldest bank adds ability to pay taxes with cryptocurrency

One of Latin America's largest and oldest banks, Banco do Brazil, announced a partnership with Bitfy. As part of the agreement, the organisation's customers will be able to pay government fees and taxes in cryptocurrency.

PayPal stored $600m in cryptocurrency in 2022

The platform stored a total of $604 million of its customers' cryptocurrency in 2022, according to an annual report from payments service PayPal. About 90% of the portfolio, took Bitcoin ($291 million) and Ethereum ($250 million).

Tether earns $700m in 3 months

Stablecoin issuer USDT Tether has released  its quarterly report. It says that the company posted a net profit of $700 million in the last 3 months of last year. The profit was reinvested in its reserves. The report says that Tether has total assets of $67.04 billion against liabilities

Britain plans to launch a digital pound this decade

The Bank of England and Treasury have published a draft CBDC. The Treasury believes the digital pound could become a reliable and affordable means of payment in a digitized economy, but it's too early to talk about a pilot launch of the initiative. The digital pound is likely to work

Revolut launches in-app steaking

Non-bank Revolut is preparing a cryptocurrency-stacking service that will be available to EU and UK customers. According to insiders, the company will announce the new product this week. Initially, there will be 4 coins available for stacking - Ethereum (ETH), Polkadot (DOT), Tezos (XTZ) and Cardano (ADA). Depending on the

Spain opens rehabilitation centre for crypto-traders

Spanish rehabilitation centre The Balance has added a treatment programme to tackle crypto-trading. A week's stay at The Balance will cost between €25,000 and €75,000 depending on the programme. Experts believe that for a successful outcome, you need to give up trading for at least 4 weeks.

Fraud

The more comfortable life becomes in the banking world, the greater the risks for all users. Fake links and websites have long been nothing new. Now fake QR codes posted by criminals offering help with certain issues. The aim is the same - to get personal information and bank card

Berkshire Hathaway vice chairman calls for cryptocurrency ban in US

The WSJ published an article  entitled "Why Should America Ban Cryptocurrencies?" by Charles Munger, a 99-year-old associate of Warren Buffett. In it, the investor compares digital assets to gambling, and attributes their rise to a "vexing" regulatory gap. "Cryptocurrency is not a means of payment, a commodity or a derivative.

MetaMask has launched an educational platform

Cryptocurrency wallet MetaMask has announced the launch of its own free education platform, MetaMask Learn, which is available in 10 languages. The product aims to help new users protect themselves from fraudsters and provide them with fundamental knowledge about cryptocurrency.

Mastercard and Binance to launch cryptocurrency card in Brazil

Cryptocurrency exchange Binance will collaborate with Mastercard to launch  the Binance Card in Brazil. Brazil will become the second country in Latin America, after Argentina, in which the Binance Card will become available.

Chainalysis

Chainalysis' annual crime report reveals a new consolidation of cryptocurrency-based money laundering services. Only five cryptocurrency exchanges now allow cryptocurrency to be traded to launder money for real dollars, euros and yen. They process nearly 68% of all black market cash-out transactions.

Indian multibillionaire Gautam Adani

Indian multibillionaire Gautam Adani, owner of the Adani Group corporate conglomerate and one of the richest men in the world, has found himself at the centre of a scandal. The Adani Group's capitalisation plummeted by more than $50 billion in just a few days, due to the report of a

Ransomware hackers

The Hive ransomware network has been dismantled, the US Department of Justice says. The group was responsible for extorting hundreds of millions of dollars from people around the world. More than 1.5 people have been victimised since 2021, with "proceeds" totalling $100m. FBI officers with German police and the

Blockstream has raised $125m in investment

Blockstream has raised $125m. Investors include venture capital firm Kingsway Capital as well as Fulgur Ventures. Cohen & Cohen Capital Markets, part of J.V.B. Financial Group. In its press release, Blockstream said the funds would be used to increase mining capacity to meet the high demand for hosting

FBI reported Lazarus involvement in Harmony Bridge hack

The FBI officially announced  the results of its investigation into the Harmony Bridge attack, adding that the North Korean group Lazarus Group and APT38 were involved. At the end of the report, the FBI pledged to "continue to crack down on crimes related to North Korea and their attempts to

OpenAI and Microsoft sign multi-year agreement.

OpenAI, the developer of ChatGPT service, announced the signing of a multi-year and "multi-billion dollar" investment partnership with Microsoft. The exact amount of the investment was not disclosed. It was previously reported that Microsoft plans to buy a 49 percent stake in ChatGPT for $10 billion.

$385 million was liquidated in the last 24 hours

The price of BTC rose to $23,000 for the first time since August and is now trading around the same values, while ETH is around $1,650. The market capitalisation has increased by about 6.31% to $997 billion at the time of writing. Due to the growth of

CleanSpark to increase capacity of purchased mining centre by 50MW

Mining company CleanSpark has begun construction of the second phase of its data centre in Washington, D.C. (Georgia, USA). The capacity of the previously acquired facility will increase by 50 MW. In August 2022, CleanSpark bought an operating bitcoin mining facility from WAHA Technologies for $16.2 million. The

Crypto exchange

The trend with crypto-exchanges, to put it mildly, is not a happy one. Users continue to believe in the trustworthiness of a particular exchange, storing everything they have there. It is hard to imagine a greater folly. Keep only what you do not mind losing. Cold wallets to your rescue.

Seoul launches its own metaworld

Seoul Mayor Oh Se-hun held a press briefing where he announced the launch of the city's metaworld project. In the virtual world the capital's residents will be able to file documents, file complaints with local authorities and receive consultation on a particular issue.

Thailand to launch virtual banks in 2025

Thailand's financial regulator has issued a press release on the licensing of virtual banks. The first details and nuances of the regulation will be known this year, with full operation of such institutions starting in 2025. The Central Bank took this step to stimulate competition in the financial segment and

Crypto-exchanges

Most of the volume of crypto-exchanges is fake. The National Bureau of Economic Research states this. Most of the transactions on the largest unregulated crypto exchanges are manipulative transactions by related groups. On regulated crypto exchanges, such transactions account for about 3%, but on unregulated ones, they account for 77.

Alibaba and Tencent

China intends to buy 'golden share' in Alibaba and Tencent units to exercise control.

Class action lawsuit against Silvergate

A class action lawsuit against Silvergate Capital, operator of the Silvergate exchange network of Silvergate parent company Silvergate Bank was filed on 10 January. The lawsuit is filed on behalf of all purchasers of Silvergate securities between 9 November 2021 and 5 January 2023. The plaintiffs allege that the platform

BTC movement by year

Since 2011, Bitcoin value has never declined two years in a row, and always after 3 years of growth and a year of correction, returned to positive momentum.

Hong Kong to issue green bonds on blockchain

The Hong Kong government is preparing a new category of securities. These are "tokenized green bonds" for investment. This is how the authorities are implementing their strategy for the development of Web 3.0 and the crypto-industry. In parallel, Hong Kong is exploring the idea of opening an international headquarters

BTC

American Gary Harmon stole 712 BTC (about $12 million) from the IRS, which was seized from his brother. The BTCs were seized for criminal money laundering activity through a Helix darknet company. Law enforcement officials got their hands on the address where the coins were stored, but could not access

News Today

♦️ Saudi Arabia cuts all oil prices for Asia for February. Another disinflationary factor to add to the piggy bank. Meanwhile, U.S. oil inventories continue to fall. ♦️ The McDonalds restaurant chain in Kazakhstan stops operating under the brand due to supply constraints ♦️ The container shipping bubble has burst. Bloomberg predicts

Colombian bank victimized

A Colombian bank fell victim to phishing emails from unknown hackers, which contained a malicious Exel file with stolen banking data and a BitRAT trojan. Attackers obtained more than 400 thousand records with ID numbers, email addresses, phone numbers, customer names, payment history, addresses and salary information. Remarkably, this information

Sales of Samsung Galaxy S22 series for 11 months underperformed by 30 million units

FNNews publication, citing information from Counterpoint Research analysts, writes that the plan to sell Galaxy S22 smartphones is underfulfilled by 30 million units. The source believes that the reason is the decline in interest in classic flagship phones in favor of folding devices. Samsung Galaxy Z Flip 4 smartphone also

Happy Birthday Bitcoin!

Exactly 14 years ago, at the height of the financial crisis on January 3, 2009, a genesis block, Bitcoin, was created with 50 bitcoins generated. Its hash partly consists of the text "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". This is the title of

Roblox

A children's underworld is discovered in the virtual universe for kids, Roblox. A teenage mafia is hacking accounts, stealing items, and making real money. One of them, a 13-year-old cheater, wrote a program that hacks into accounts and steals in-game items and currency. The young hacker "earns" about $2,000

MicroStrategy purchased 2,500 BTC

MicroStrategy, acquired an additional 2,500 BTC. MicroStrategy currently holds 132,500 BTC (~$4.03 billion spent, based on an average purchase price of $30,397).

Mango Markets hacker arrested for fraud

Puerto Rico police arrested crypto trader Abraham Eisenberg, who is known for hacking Mango Markets. The FBI complaint states that Eisenberg's actions could be construed as market manipulation and fraud because the trader acted "willfully and knowingly."

Apple owes $98 million in taxes in Japan

Tokyo authorities charged Apple with paying $98 million for wholesale sales of iPhones and other Apple devices to foreign tourists. The reason: these sales were not subject to state tax. Japan allows tourists staying less than six months to buy goods without paying a 10% "consumption" tax. However, wholesale purchases

Former Maldivian president jailed for 11 years

Abdullah Yameen was president of the Maldives from 2013-2018. He was sentenced to 11 years in prison and a $5 million fine. The court found that Yameen deposited money received from the lease of Aar Island into his personal account and laundered the funds. He also received a $1 million

$250 million

Largest pretrial bail of $250 million secured by family stock. Sam Bankman-Fried will await trial at his parents' home.

The Android Trojan Godfather

The Android Trojan Godfather is active: 16 countries, 400 different banks, cryptocurrencies, and e-wallets have already become victims. The first activity was detected in June 2021, a year later the virus subsided, and now it has started to manifest itself again with updated functionality. The problem is that it spreads

Virgin Orbit received licenses to launch Britain's first space satellite

The British company Virgin Orbit has received licenses to launch the first orbiting satellite in British history. It is noted that Virgin Orbit met all requirements for public safety, environmental protection, as well as international obligations. "The planned launch of the satellite will strengthen our position as one of the

Core Scientific files for bankruptcy

One of the largest bitcoin miners, Core Scientific, has failed financially and will file for Chapter 11 bankruptcy today. Sources familiar with the miner's business told CNBC reporters. For now, the company still manages to generate a profit, but according to the insider, that revenue is not enough to pay

OneCoin co-founder Carl Greenwood confessed to defrauding investors of $4 billion.

He co-founded it along with "cryptocurrency queen" Rouge Ignatovna, who is still on the federal wanted list. Greenwood, a Swiss and British citizen, was detained in Thailand and extradited to the United States. He will be sentenced on April 5, 2023. But the "cryptocurrency queen" was one of the ten

Ministry of Digital will present a company that will create a Russian game engine by the end of the year - Shadaev

According to the minister, domestic games have become in demand at a time when large international companies "do not give away their content." "Therefore, games, gamedev will definitely be in focus both in terms of launching a large project to develop a Russian game engine and in terms of state

There's room to grow: Positive Technologies has good plans to scale its business

Maxim Pustovoy, the company's managing director, when asked by the InvestFuture team about the growth of sales at a time when most of the revenue comes from large businesses, explained why the company plans to increase sales volumes. First, there are still many companies on the market that spend little

High interest rates are not hindering demand for credit cards in the U.S.

The latest survey by the Federal Reserve Bank of New York showed that the rate of credit card applications in October was 27.1%. On an annualized basis, the increase was 0.6%, indicating strong demand for credit in the economy. The Fed's attempts to cool the economy so far

Nvidia has decided to finally withdraw from the Russian market

The company stated that the share of the Russian market from the total revenue for the year is only 2% or $500 thousand. Earlier the company wanted to keep an office in the Russian Federation, however, apparently, reputational risks became the prevailing factor.

COVID problems in Beijing again

Chinese officials say the number of new local cases of COVID is skyrocketing. China still has a zero-tolerance policy for COVID, which could have a negative impact on the country's economy. China's GDP and consumer demand data are already upsetting.

The Ministry of Finance plans to change the funded part of the pension

The Ministry of Finance should submit a draft law on the new voluntary funded pension system to the government by December 30 this year. The document provides the principle of voluntariness and tax benefits, as well as the transfer of pension savings frozen since 2014 to citizens. According to Aksakov,

We should not be surprised by the recent collapse of cryptocurrencies, - De Guindos of the ECB

There have been so many events lately that a lot has started to be forgotten too quickly. But last week, one of the largest crypto exchanges in the world, FTX, went bankrupt, which could dramatically change the direction of the entire industry. The crypto-industry will probably face a wave of

Major U.S. LNG exporter Freeport may extend its plant shutdown until December

Bad news for Europe, good news for Americans. Recall, Freeport before the fire in summer provided about 20% of U.S. LNG supplies to the world market. Its largest customer is Europe. Freeport had previously promised to resume operations in November. Even with the EU's gas storage facilities full, future

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

Tesla winds down solar projects. Customers receive denials of service

Ilon Musk's company is massively winding down solar projects in the U.S.. The reason is not named, and Tesla Solar's results are not bad. However, the company probably faced rising costs: the raw materials keep getting more expensive. According to electrek, some customers in the states, when asked to

Twitter is preparing to integrate a payment service

According to The NYT, the social network filed registration paperwork last week to implement payment processing. Musk is rapidly making his adjustments to Twitter. The integration of the payment service will allow the company to earn good interest income in the future. In addition, users will deal directly with the

Voters in some U.S. counties complain of intimidation - media

Precinct workers are afraid to get into photos, and black voters in Texas are filing harassment allegations. Also in the New Jersey precinct, some voting devices are not working. In Georgia, employees whose photos were posted online during the Capitol assault are suspended.

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Eni received 1 million barrels of oil from Venezuela in November. The delivery marks a resumption of the oil-for-debt deal sanctioned by the U.S. government earlier this year. The deal allows Venezuela to sell oil to bypass sanctions. Earlier in June and July, Eni received a total of 3.

EU has "serious concerns" about U.S. Inflation Relief Act - CNBC, citing sources

European officials say the White House measures violate international trade norms. A document of displeasure will be presented to U.S. officials. According to CNBC, the EU is concerned about potential new trade barriers for European electric car manufacturers. And they are not the only ones; South Korea, for example,

IMF predicts a 1.5% annual decline in global GDP

Head of the IMF Georgieva warned that the fragmentation of global trade into separate blocks will adversely affect the pace of global economic growth. At the same time, Asia and the Pacific region will lose about 3% of GDP per year.

Russians have stopped buying laptops: sales fell by 50% in Q3

What is interesting: the average bill for a laptop in the third quarter increased by 5% year-on-year, MTS said. Russians began to prefer powerful gaming laptops. The fall in sales is due to a lack of products due to sanctions and the renewal of the fleet of laptops during the

Nonfarm payrolls from ADP (Oct): 239K.

Forecast: 195K. The US labor market is on fire, which means the Fed will keep raising rates. The market expects a 0.75% hike today. Although the data is not that critical. As ADP notes, the increase was mostly at the expense of newly hired workers whose paychecks did not

November will be warm in Europe

Weather forecasters said temperatures are expected to be above normal in early November, followed by mild weather for the rest of the month. Autumn is unseasonably warm in Europe this year. Gas prices in Europe may drop below $1,000 per thousand cubic meters on the back of 95% full

The world will not be able to live without oil, demand will grow, OPEC believes

The organization raised the forecast for oil demand in 2023, as well as expectations from the oil market until 2045. It also named the amount of investment needed in the sector - $12.1 trillion by 2045. The key year for OPEC is 2035. World oil consumption is projected to

Meta is doing very badly: the stock is down 23%

So far, the stock hasn't broken its intraday drop record: after the February report, the stock was down 26%. But rising costs and weak earnings per user bode well for Zuckerberg. The stock is trading at 2015 levels. Metaverse is not paying off. The development loss of the destination was

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

Experiments are on the air: Burger King will start selling wine

According to RBC, in 2023 the Burger King chain will start selling still and sparkling wines at Moscow's Vnukovo Airport as an experiment. The fast-food restaurant has already received all the necessary licenses.

Tesla shares should be perceived as Chinese, Morgan Stanley believes - RBC

According to MS analysts, as Tesla receives about half of its income in China, it can be called a derivative of Chinese technology companies. And such dependence will remain until 2030. This makes Tesla dependent on the performance of the Chinese market as a whole. The growth of China's GDP

Will they start producing gas in the Aral Sea?

"Rosgeologiya" has completed exploration in the Aral Sea in Uzbekistan. Manturov noted the potential for the discovery of large gas deposits. The first commercial contract for the provision of services to identify hydrocarbon potential in Uzbekistan holding signed in 2020.

Exports are falling and imports are growing. The Central Bank of Russia has calculated the balance of payments for Q3

The value of exports of goods and services rose 5% y/y in Q3 2022 - a lower growth rate than in Q2. The decline in the value of imports slowed to 14% y/y in Q3 2022. The growth rate of exports fell due to the shutdown of Nord

Oil is still needed. BlackRock and Vanguard will continue to invest in fossil fuels

Two of the world's largest asset managers have responded to Britain's environmental goals by saying they will continue to invest in oil, coal and gas. BlackRock, Vanguard and several other investment firms believe that fighting climate change now is impossible. This is understandable: the energy crisis in the EU is

Spanish fashion group Inditex is considering the possibility of transferring Russian assets to partners from a "friendly" country

Transfer of assets to partners, for example, from South East Asia or Persian Gulf will allow to renew work in the Russian Federation. Kommersant reports that the group has already begun to optimize business in the Russian Federation and close unprofitable facilities.

The Accounts Chamber of the Russian Federation found the forecast of the Ministry of Finance on inflation too optimistic

According to the auditors, the year-end inflation will be higher than the 12.4% forecasted by the Ministry of Finance. The reason: indexation of housing and utilities services and seasonal increase in inflation at the end of the year. And it is true: inflation in fruit and vegetables will rise

Sales of iPhone 14 have dropped fourfold, - RB

Russians have bought four times less iPhone 14 than iPhone 13 in 2021 since sales began. From September 16 to October 12, only 53 thousand citizens bought the new model. The average age of buyers is 37-39 years old. Sales were affected by the effect of fewer outlets, savings of

Elon Musk is under investigation by U.S. federal authorities for his behavior in the Twitter acquisition deal - Bloomberg

Twitter is convinced that Musk "bluffed all along by claiming to be out of the deal. Musk's fraudulent and illegal actions collapsed the social network's stock, hurting the company's investors while improving the American billionaire's bargaining position."

MTS plans to change its dividend policy by the end of the year

The director on relations with investors informed that the company is actively working on the dividend policy, development of which was earlier postponed for 2022-2024. It is planned to make payments more frequent than 2 times a year. Changes concerning the method of calculation of the sum and conditions of

Russia's foreign debt has fallen to its lowest in 15 years - Frank RG

Debt decreased by $34 billion compared to the previous quarter. It now totals $436.8 billion of which: Government agencies - $67.4 billion. Banks and the Central Bank - $105.6 billion. Debt of other sectors of the economy - $263.8 billion. Russia has increased the repayment rate

China intends to replace U.S. corn

As early as December, China may start importing corn from Brazil, reducing its dependence on the United States. The crop, which has risen in price on the Chicago exchange, makes it unattractive to buyers. China has an agreement with Brazil and is expanding trade in food products.

Italy's Enel closed the sale of its stake in Enel Russia

The transaction amounted to 137 million euros. The buyers were Lukoil and Gazprombank-Fresia Fund, which bought 26.93% and 29.5%, respectively. In total, Enel sold its entire 56.43% stake. The deal included Russian generating assets, including about 5.6 GW of conventional generation and about 300 MW of

WSJ seeks reasons for OPEC's oil production cuts, but they are obvious: Saudi Arabia needs money to develop its own economy

According to WSJ sources, U.S. officials called Saudi Arabia a few days before the OPEC meeting. They asked to postpone production cuts and also warned that a drastic reduction would mean an acceptance by Russia. Next year, Saudi Arabia will only be able to provide money for the budget

VPN services continue to be blocked in Russia

Roskomnadzor regularly adds to the list of VPN-services blocked in Russia. According to unofficial information, the agency may add at least 10 more products to the list. Among them: Cyberchost VPN, Mcafee VPN, Quark VPN and others. The Office said that it monitors the activities of such companies and blocks

Dollar rises sharply amid investor panic

The investors' panic is caused by the recent geopolitical events: the explosion on the Crimean bridge, as well as the shelling of many Ukrainian cities this morning. Physicists decided to switch to a defensive asset, i.e. the dollar, which caused the abnormal growth.

FESCO opened a subsidiary in Tashkent to develop logistics services in the region, - the company

The new company will provide logistics services for companies from Uzbekistan, Tajikistan, Turkmenistan and Kyrgyzstan.

Nigerian oil stolen at "unprecedented" rate

Authorities discovered an illegal pipeline at one of the country's main oil export terminals, through which oil has been stolen for more than 9 years. The four-kilometer-long pipeline is located at the Forcados terminal. "Oil theft in the country has been going on for more than 22 years, but the

Clearstream resumes conversion of Russian depositary receipts

Clearstream Banking will resume executing instructions for the conversion of depositary receipts for Russian stocks from October 7. The company also reminded that it has extended the cancellation of commissions for transactions for the transfer of assets until December 31. Such a measure was necessary to evade the EU sanctions

From dirt to riches. Production of unclaimed gas in the U.S. is rising at a rapid pace

The energy crisis in the EU caused gas prices to skyrocket tenfold. This has prompted oil and gas companies, which previously sold gas at cost or burned it off, to sell it in the EU. U.S. oil and gas giants are ramping up LNG production, taking advantage of high

The post-pandemic industry. Travelers named this year's best airlines

Skytrax World Airline Awards 2022 published a ranking of the world's best airlines based on travelers' scores in various categories. First place went to Qatar Airways, which continued to operate flights during the pandemic and is known for its exceptional service. Next on the list is Singapore Airlines with the

Bitcoin continues to fall, losing 3.3%

Investors are becoming increasingly wary of their investments in cryptocurrencies. High inflation, declining production, energy crisis, geopolitical situation signal significant risks of recession, Investors are fleeing to protective and stable assets.

Ozon is going to early redeem convertible bonds at 83% and 65% of par value

The company offers investors to redeem bonds in roubles for 83% of the face value and 65% of the face value in dollars. Investors who agreed not to sell the bonds before the redemption will receive an additional fee of 1.0625% of par, according to the agreement. We remind

China imports record amount of coal from Russia - China Customs

China imported 8.54 million tons of coal in August, 57% more than last year, a five-year high. IF News: China's increase in coal imports is seasonal due to the summer drought. China was forced to import more coal to generate electricity when hydropower plants could not operate due to

Polymetal started gold production at Kutyn, - the company

Polymetal commissioned a mining and processing plant with a capacity of 3 tons of gold per year. By the end of this year, it is planned to produce 40 thousand ounces of gold. Also in 2025, the company will launch another plant in Albazino. Polymetal will produce an average of

U.S. imposes sanctions against Russian electronics - Kommersant

Electronics manufacturers will find it difficult to launch new production facilities. And chipmakers may lose their last chance to set up production of Russian processors at foreign factories. Additionally the U.S. restricts chip exports to Russia. Due to the lack of chips and the lag of Russian technology the

H&M started importing new collection to Russia from Kazakhstan - RB

Deliveries are also possible from Belarus, Armenia and other bordering countries. Imported goods by parimport will cost 30% more than usual. Earlier H&M announced about withdrawal from Russia. The company will leave the market when it sells out the rest of its goods. I wonder when the residual

US SPR stockpiles last week fell to their lowest level since October 1984

Earlier we wrote that US authorities are ready to replenish crude stocks at $80 a barrel. However, so far in the market, prices aren't even close to those values - WTI is trading above $88. The U.S. is pumping oil into the economy. Exports and production are holding at

Moscow Exchange considers the possibility of calculating exchange indices of sugar and oilseeds - RIA

I wonder why. There are two options: the price of sugar and oilseeds in stores will be tied to stock exchange quotations. And the Exchange could also work on the idea of creating Russian benchmarks. If you plan to buy Russian sugar for export, buy it at an exchange price

Taiwan hosts dozens of foreign lawmakers in Washington to promote sanctions against China - Reuters

The U.S. is considering imposing sanctions against China over its aggression on Taiwan. Diplomats from Britain, Australia, Canada, India, Japan and other countries arrived in the U.S. to discuss sanctions. Details of the sanctions are not known. They can be both political and economic. The latter will cause

The labor market is strong: Unemployment in Great Britain has reached its lowest level since 1974

The country's unemployment rate currently stands at 3.6 percent, a figure that was expected to be 3.8 percent. The situation is similar to the U.S. model, where the labor market looks strong at the risk of recession. However, the U.K. situation is much closer to recession.

Majority of Twitter shareholders voted in favor of selling to Musk, Reuters

Shareholders want to sell the company for $44 billion - $54.20 per share (market price -$41.4). However, Musk himself refuses the deal because Twitter misled Ilon because of spam accounts on the platform. After the reluctance to disclose information about the bots, Twitter shares fell to $32

EU unlikely to cap price of Russian gas - document, The Guardian

The new EU bill to combat the energy crisis does not include measures to cap the price of gas. The document only includes an innovation in the form of a tax on excess profits of energy companies. The EU cannot agree on a price ceiling because some EU countries are

Portugal refused to issue "golden visas" to all Russians, - Publico

Portuguese "golden visa" - a program for immigrants who invest in real estate worth 500 thousand euros or create 10 jobs in Portugal. The Service for Foreigners has received 10 requests for a "golden visa" from Russian citizens since the beginning of the EAS. All applications have been rejected. Over

Elon Musk says he has discussed integrating Starlink into the giant's devices with Apple

Musk's plans may become a reality. Apple has begun to take an active interest in the development of satellite technology. SpaceX is a leading private space company and could well integrate its Starlink network into future Apple devices. Earlier in the presentation, Apple unveiled a new SOS feature that will

Ukraine's economy falls by 37% in the second quarter - Bloomberg

Earlier, the country's GDP fell by 15% in the first quarter. Exports and consumption of goods collapsed. Deliveries of Ukrainian crops, the main source of export revenues, were halted for several months. According to Ukraine's ministry, the economy as a whole could shrink by 33% over the year.

Nigeria to increase LNG supplies to Europe in 2023 - Nigerian Oil Minister

Nigeria will triple its gas production from 206bn cubic meters to 600bn. In addition, Nigeria will build a pipeline through Algeria, which will deliver gas directly to Europe.

Ministry of Energy expects electric power exports to China and Mongolia to grow by 20%, - Shulginov

Ministry of Energy expects Novatek to participate in Sakhalin-2 project. The Energy Ministry wants oil production at Sakhalin-1 to recover by the end of the year.

Business activity in construction in the UK unexpectedly rises

The business activity index rose to 49.2 compared to 48.9 last month and 48.1 was expected. The U.K. economy has been stronger than European countries. Developers in the UK were not much affected by the energy crisis. At the same time, they are optimistic about the

Megafon has launched regular voice calls over Wi-Fi throughout Russia, - the company

The operator's VoWiFi technology makes it possible to use any Wi-Fi router as a base station and improves the quality of voice calls. The technology is relevant for places where cellular network signal is weak (for example, new apartment complexes, basements).

Even with 95% of Germany's gas reserves, there will only be enough gas for 2-1/2 months unless Russia resumes supplies, says Klaus Müller, President of the German Federal Network Agency

At the moment, Germany's natural gas storage facilities are 86 percent full. Germany's dependence on Russian gas has a strong negative impact on the economy. Today the business activity data came out, which confirms these arguments. Gas prices will potentially rise throughout the fall and winter season. This is a

Germany's economy slows down

The composite business activity index declined to 46.9 from 48.1 a month earlier. The main reason for the slowdown was a sharp rise in energy prices. On top of that, supplies via the Server Stream have been halted due to equipment malfunctions. And gas prices may exceed $4,

Gazprom Neft intends to announce a new partnership on Karabash project soon, - deputy head Yakovlev

Earlier, the Spanish company Repsol withdrew from this project. "Gazprom Neft has not stopped or shifted the terms of any production project due to the withdrawal of foreign partners from Russia," Yakovlev said. "Gazprom Neft does not intend to withdraw from any of its foreign projects," Yakovlev said.

Brokers BCS and Sberbank have applications malfunctioning

In the case of the BCS app, clients cannot log into their personal accounts and the app, and Sberbank's SberInvestorX investor app does not work. Possible reason: the rally in Gazprom shares.

U.S. companies try to trade with Russia through Turkey - Frank Media

U.S. businessmen offer Turkish companies to conduct joint business on trade in Russian goods for certain commission payments. However, Turkish companies are afraid of secondary sanctions. Now American companies buy Russian goods through the Russia-Turkey-Dubai-U.S. chain. The most sought-after goods are petrochemicals, mineral fuels, precious metals and gems,

Iraq ready to increase oil exports to Europe if asked - Iraqi media

An Iraqi delegation plans to travel to Germany for talks on oil exports. Iraq recently received requests from India and China to increase its oil supply.

100 thousand Russians used the program tourist cashback for a few days - the head of Rostourism Zarina Doguzova

Russians bought tours and booked hotels for more than 2.5 billion rubles. Cashback was about 500 million rubles. The most popular destinations were Sochi, Krasnodar Region, Caucasian Waters, Moscow Region, Kazan, Altai, Dagestan, Kaliningrad, Crimea and Bashkiria. The 20% cashback program from Rostourism for booking hotels and tours works

Britons don't plan to turn on the heating this winter - Savanta ComRes poll

23% of Britons have decided not to turn on the heating this winter, 69% plan to turn it down, and 11% are thinking about taking out a loan to pay their energy bills. The NYT analysts estimate that household energy bills in Great Britain will rise by 80%. Because of

Mosbirzhya told about a possible legal way to recover assets - Managing Director of Compliance and Business Ethics of Mosbirzhya Irina Grekova

The National Settlement Depository wants to return investors' access to blocked assets. There are two ways: through the EU court, to which NSD applied on August 12, or by obtaining a license to use the blocked assets. The process of applying for a license has already been launched by NSD

Bank of America's Fear and Greed Indicator is at its lowest level, - BofA

Outflows from equity funds totaled $5.1 bln over the week. Outflows from technology funds are at their highest since November of last year - $1.3 bln. Outflows from bond funds were $4.8 bln, a nine-week high. Market sentiment is getting worse every day due to fears of

Joe Biden wrote off $10,000 to $20,000 in student loans

The new package includes student debt relief, an extension of the 4-month moratorium on student loan repayments, and plans to cap payments on such loans at 5% of the borrower's income. Loans would be forgiven up to $10,000 for Americans with an annual income of less than $125,000.

Beluga doubled its net profit for the year, - company report

The company's revenue grew by 37%. Alcohol segment (wholesale) grew by 22%. Profitability was 9.2% against 6.6% last year. Alcohol segment (retail) grew by 53%. Profitability was 10.8% compared to 7.1% last year. In July 2022 the Group placed a RUB 7bn bond issue with a

Germany's gas storage capacity is 80.14 percent full - German Federal Network Agency report

"Gas supplies in Germany are currently stable, but the situation is tense and further deterioration cannot be ruled out," the agency said. However, the storage situation in the EU is developing more positively than a year ago. The level of gas storages in Europe has now reached the same level

Consumer confidence in the UK has fallen below 2008 levels - Bloomberg

The reason is the rising cost of electricity and food. Electricity accounts for about 12 percent of household spending in Britain. And food prices have jumped because of higher fertilizer and energy costs. At the same time, business and manufacturing activity indices are falling sharply in Britain.

The price of gas in Europe could reach $5,000 in a cold winter - a TASS poll

Gazprom's analysts had previously forecast $4,000 per thousand cubic meters. Gas prices in Europe have already increased fivefold since the beginning of the year. Such gas prices will accelerate inflation in the EU, as well as lead to higher prices of other energy carriers. In this case, the reduction

Production cuts in Europe and Asia fuel fear of global recession, Bloomberg

Today Germany and Great Britain released data on manufacturing activity, which have been falling for two months in a row. Production is also falling in Asia due to a spike in Covid disease and the energy crisis caused by the drought. The picture is even gloomier with many central banks

China cuts opening hours at shopping malls due to heat-induced power shortages - Reuters

If such temperatures in the region are sustained, the consumption of the region's energy resources will decrease. This could also affect the volume of Russian oil and coal exports to China.

LNG tankers to double in price - WSJ

The cost of renting a LNG tanker will rise to $105,000 a day in September, up from $64,000 in August. The reason: the energy crisis in Europe and the EU's desire to fill LNG storage facilities. At the same time, the price of gas has broken through $3,

The dollar index went to new highs - the U.S. market may once again begin the chaos

As we said earlier, talk of a "dovish" Fed reversal is too exaggerated. The market agreed with this thesis and turned back to the dollar. U.S. Treasury bond yields are also rising, approaching 3%. New US inflation data and the Fed meeting in Jackson Hole await us in the

The showdown between investors and VTB continues: the bank refuses to let all the clients who came to Moscow attend the meeting

This is reported by Invest Future journalists who also attended today's meeting. Only the list of clients who have previously filed a claim is allowed through. There are a total of 45 people on the list, including investors from St. Petersburg. The meeting, which was previously planned as a press

Water level in Germany's main river rises above critical - making it easier to deliver fuel

In this case, the delivery of fuel to Europe will increase, which will probably lead to lower energy prices. Recall that due to the record-breaking heat wave in Europe, the Rhine has become very shallow. As a result, oil and coal shipments along the river have been severely reduced, which

Talks about declining oil demand in China are exaggerated - new OPEC Secretary General

Haitham Al-Gais said that China remains a point of "phenomenal growth. The head of OPEC believes that the demand for oil in the world remains stable despite the threat of recession. At the same time, he believes that Iranian oil will be easily absorbed by the market and will have

Moldovagaz asked Gazprom to postpone payment of advance fees for August and September

According to the head of the company, low gas tariffs in Moldova do not allow it to fulfill its contractual obligations. Earlier, the company said that it would not be able to pay for the gas consumed in August, as it does not have enough funds.

Citibank refuses to participate in automatic and forced conversion of receipts

The depositary stated that this is not part of the terms of the depositary agreements. Holders of receipts of MMK, Tatneft, Rostelecom are notified that the books will be closed at the end of the day on August 19, as the shares of Russian issuers may be automatically removed from

Sony sold twice as many branded consoles as Microsoft - The Verge

Sony sold more than 117 million consoles during the entire PS4 launch, the "green giant" sold just 58.5 million Xbox One units. Microsoft stopped reporting Xbox One sales figures at the beginning of fiscal 2016, focusing instead on Xbox Live numbers. However, the latest report revealed sales figures for

Court approves decades-old lawsuit against Apple - Reuters

A federal judge in California found Apple guilty in a case of defrauding more than 15,000 employees. The plaintiffs alleged that they had to go through security checks after their shifts ended. Security checks, under U.S. law, must be paid as overtime. Apple, on the other hand, refused

Surgutneftegaz converts ADRs into shares

The Bank of New York Mellon acts as the depositary for Surgutneftegas. The automatic conversion of ADRs, which began in Russia today, applies only to securities held with Russian depositories. Thus, Surgutneftegas made its own decision on the conversion. The American Depositary Receipt program was launched on March 19, 1998.

Today starts the automatic conversion of depositary receipts, which are accounted in the Russian depositories

Also from today, Moscow Exchange opens access for non-residents from friendly countries to trading on the bond market. It is worth watching the trading volumes of large corporate bonds and government bonds. Last week non-residents came to the futures market, there was not much dynamics there.

Mishustin announced the beginning of the autumn sales of tours in Russia with a 20% cashback

It will start on August 25 and will concern travelling from October 1 till December 25. In addition, the Prime Minister of Russia said that tourism in Russia should be made accessible. "We should make travel in Russia comfortable and interesting, provide good service and safety when traveling, convenient logistics.

China's Huawei reports sales growth for the first time since 2020, the company is recovering from sanctions

Revenue rose 1 percent to 170.6 billion yuan ($25.3 billion) in the second quarter, but net income fell 35 percent. The company attributed the decline to investments in the study of new technologies and the launch of new products. Half of the company's revenues were from sales of

Disney showed good results in Q2

The company reported that the total number of Disney+ subscribers was 152.1 million, exceeding expectations of 148.4 million. Thus, Disney is ahead of Netflix in the number of streaming subscribers. The number of subscribers is one of Disney's key performance indicators. The growth of the indicator says that

The price of Russian Urals oil has fallen to the values of the beginning of the year - Kommersant

Russian oil has consolidated below 4 thousand rubles per barrel. Since the beginning of the month oil has fallen in price by 17%, due to falling prices on the world market. If the ruble prices remain at the current level by the end of the year, the budget may turn

Indian companies swap dollars for Asian currencies to buy Russian coal - Reuters

India has increased imports of Russian coal, customs data for June show that payments made without the use of U.S. dollars have become commonplace. Thus, trade in Chinese yuan and Emirati dirham is becoming more and more popular.

Transneft is ready to resume oil supplies - the company

The Slovaks have also paid for transit for Russia. The oil could reach Slovakia by Wednesday. But the Czech side is still silent, it is not known about the transit payment yet. Ukraine has confirmed that the money has arrived, but they have not yet reported on the resumption of

Digital advertising generates $600 billion a year in revenue for companies, Laura Martin of NeedhamGroup

According to Martin, the margin of the digital advertising business is 70%. Recently it became known that Apple is seriously planning to develop this direction. If the investment of the largest company by capitalization pays off, its business will become even more sustainable.

Is Novavax stock over? The company gave a terrible second-quarter report

Novavax, the manufacturer of vaccines against COVID-19, published a "killer" report. Revenue not only fell by 38% year-on-year, but was more than five times below analysts' expectations. The company cut its revenue forecast for 2022 from $4-4.5 billion to $2-2.3 billion. There are several reasons for the terrible

Half of Europeans blame the government for rising energy prices, El Mundo poll

Half of Europeans blame their governments and energy companies, not Russia, for rising energy prices, the Spanish newspaper Mundo reported. 45% of respondents "strongly" feel the impact of rising energy prices. Also, 56% of respondents were "seriously" concerned about the growth. The survey was conducted in Austria, France, Germany, Greece,

Britons have been advised to wash for a minute less to eliminate water shortages, - TASS, citing The Sunday Times

Under a government program, every British resident must reduce his or her daily water consumption by a quarter by 2050, from 145 liters a day to 110 liters a day. Experts predict that in 25 years the kingdom will need an additional 4 billion liters of water per day to

The number of Russians who have microloans increased by 2.2 million by the end of the second quarter compared with the beginning of the year

A total of 16.4 million Russians had active payday and longer-term loans. At the same time the amount of debt in April-June decreased by 2.2%, to 247.3 billion rubles, follows from the data of the largest union in the market.

The ruling ANC party in South Africa has close business ties with Russia.

Billionaire Viktor Vekselberg is the ANC's largest donor according to recently disclosed information, and Chancellor House, the ANC's investment company, owns a stake in a manganese mine in South Africa owned by Vekselberg.

VTB launches preferential mortgages for construction of private homes - Interfax

The amount of the mortgage can be up to 12 million rubles for construction in the "capital", and up to 6 million rubles in other subjects of the Russian Federation. The term is up to 30 years. The rate of 6.3% is available with personal insurance of the borrower

Broker "Otkritie Investitsii" complained to the U.S. Treasury about Credit Suisse - RBC

The broker wanted to transfer foreign securities to NSD, but the Swiss bank allegedly deliberately delayed execution of orders, fearing secondary sanctions. "Credit Suisse apparently violated the conditions of license 11 and did not execute our orders, which were submitted on time, to transfer part of the assets - European

Mass riots over rising prices begin in South Africa - RBC

Residents are dissatisfied with rising energy prices and falling standards of living. Local residents barricaded the roads with burning tires and set fire to a municipal building. There were fatalities and injuries.

Chernogolovka plans to take 50% of the market after Coca-Cola and Pepsi leave, - CEO Sakhnina

"We were, are and will be the main Russian beverage producer," Sakhnina said. At the end of 2021, Chernogolovka's share was 8.5%, Reuters noted Analysts predict that industry revenues will increase by $2.8 billion annually after this year's steep decline.

Estée Lauder is in talks to buy Tom Ford - WSJ

The amount of transaction may exceed $ 3 billion and become the largest purchase in the history of the company, but the brand is claimed by other buyers: not the fact that the deal will be a success. The current market value of Estée Lauder is estimated at $97.6 billion.

Banks will not be able to claim the status of IT-companies - Frank Media

According to the new order of the Ministry of Finance, only companies with at least 30% of revenues from IT-activities can qualify for the status. The company must have the profile OKVED as the main one. Banks and financial institutions (non-bank financial institutions and insurers), as well as state companies

Currency pairs rise in price on the Moscow Exchange

The euro adds nearly 3% to the ruble. However, it is worth noting: the ruble exchange rate on the Moscow Exchange is very volatile. Today's rise in the currency does not necessarily mean a trend reversal.

Tinkoff reduces commissions for keeping currency on account to 0.5%

The fee applies if you keep more than 10,000 U.S. dollars, euros, pounds sterling or Swiss francs in your account. If you keep less than 10,000 U.S. dollars.

NOVATEK intends to change main contractors due to sanctions - Kommersant

This is about the contractors working on the construction of the upper and lower structures of gravity-based platforms for the Arctic LNG-2 project. According to sources, the engineering companies Technip and Saipem, which carried out these contracts, have suspended work on the project due to the risks of sanctions.

Montenegro started freezing real estate owned by Russian citizens

The corresponding document was published on the website of the Cabinet of the Republic. According to experts, Russian citizens and companies last year invested in the Montenegrin economy over € 129 million, including € 49.46 million was invested in real estate, which the Russians have purchased in the Republic.

Polyclinics ran out of Sputnik Lite vaccine - Kommersant

It is no longer available for revaccination in most regions. Booster vaccination is offered with the first component of Sputnik V, claiming that it is identical to Sputnik Lite in composition.

Gas in the EU continues to trade at peak values

Starting from 07:00 Moscow time Gazprom reduced the gas flow through the Nord Stream pipeline to 33 million cubic meters per day (20% of the design capacity) due to the shutdown of another turbine for scheduled repairs.

Kremlin admits energy dialogue with former German chancellor: he just arrived in Moscow on vacation - Forbes

Schroeder came to Moscow - according to him, on vacation, and his wife told Spiegel that for energy talks. Schroeder chaired Rosneft's board of directors, but left it after the start of the SWO. He was recently stripped of the privileges of the former head of government: left without an

McDonald's writes off $1.2 billion due to sale of business in Russia - Interfax. Markets

McDonald's Corp. cut net income 1.9 times in the second quarter of 2022, writing off $1.2 billion due to the sale of its Russian business.

Mosbirch Index rises for the second trading day in a row - today +1.5%

Shares of technology companies are leading the growth: Yandex is gaining almost 6%, while OZON is growing by 7.5%. Earlier, President Putin instructed to develop a special mechanism to attract investment in technology companies. It should be noted that OZON's competitor Wildberries has almost doubled its trade turnover. Investors

Rusagro strongly reported half-year and Q2 results: revenue up 17% YoY

The company was pulled out by the volume of sugar sales: revenue grew by 62% compared to Q2 2021, and the volume of sugar sales grew by 21% in the first half of the year. As for other key business metrics, the company reported poorly. Wheat sales fell by 28%

Chinese currency is gaining popularity among Russian market participants

The Chinese yuan/ruble pair on the Moscow Exchange has set a new historical record in terms of volumes of trades. At the end of the session on July 21, trading turnover reached ₽56 billion.

Gas bills for families could rise by 300 euros, he added, - Scholz

Uniper is in big trouble because of the gas shortage. The increase in energy prices will become visible to all. Scholz said that the government is planning additional measures to reduce the increase in energy consumption. The energy measures should be in place by early next year.

Ukraine has devalued the hryvnia by 25% against the dollar - Reuters

The Central Bank of Ukraine today devalued its national currency to strengthen the country's economy. Now the hryvnya exchange rate is about 36.56 per dollar (previously it was 29.25). The bank said that the change in the exchange rate will increase the inflow of foreign currency by exporters

VTB warned of attacks on customers through phishing apps - Prime

The bank warned of attacks from abroad through phishing apps for Android. Personal data as well as information from SMS or phone conversations are intercepted, the company's press service said.

Etherium flies into space - the cryptocurrency adds 15% in one day

During the day, traders liquidated $230 million in futures, $137 million in short positions and $93 million in long positions. Crypto exchanges are forcibly closing positions. We should also remind that a historic transition of Etherium to Proof-of-Stake is scheduled for September.

Delivery Club faces fines for violating the law on personal data - Interfax

But the only thing is that the penalty is again not enough: according to the Administrative Code, the offense under paragraph 1 of Article 13.11 for legal entities is a fine of 60 to 100 thousand rubles. On May 20 in social networks there was information about customer database

Vladimir Putin goes to Iran - tomorrow he has a meeting with Erdogan and representatives of Iran

The battle for influence in the Persian Gulf is underway. A few days before Putin's visit to Tehran, U.S. President Biden visited Saudi Arabia. With a growing shortage of fuel supply in the world, the Persian Gulf countries are increasing their importance in geopolitics.

China listens to our concerns in other areas, the relationship is not entirely negative - U.S. Treasury Secretary Yellen

The U.S. wants to eliminate "overdependence" on China for supplies of rare earth metals and certain commodities. China has in the past used coercion to pressure other countries. Negotiations with India on a proposed price cap on Russian oil have been "encouraging. The U.S. has further sanctions to

Macrostatistics

Retail sales y/y: 3.1% (forecast: 0.3%, anticipated: -6.7%) GDP q/q (2 q/q): -2.6% (forecast -2% vs. (forecast -2%, pres. 1.3%) GDP y/y (June): 0.4% (early estimate 1.2%) (forecast 1.2%, previous 4.8%) Industrial production y/y (June): 3,

SPB Exchange plans to increase the number of Hong Kong shares available for trading: up to 200 by the end of 2022, up to 1,000 - 2023 - Prime

While investors choose well-known companies - Alibaba, Tencent, Xiaomi. "SPE Exchange and brokers summed up the first results of trading in Hong Kong shares: The volume of transactions in the main trading mode from July 11 to 14 amounted to 43.4 million Hong Kong dollars (HKD, equivalent to 322.

The U.S. market falls into the red zone and loses 0.6%

The yield curve inversion, which has peaked since 2007, is starting to affect investor sentiment. Tech companies are losing ground ahead of the reporting season, which is expected to clearly demonstrate U.S. economic problems.

U.S. gasoline demand may fall in July - Bloomberg

National gasoline demand is now expected to reach 9.07 million bpd in July, down 2.2% from the June forecast and 4.8% from the amount consumed in July 2019. Lower demand could cool fuel prices in the states. As a reminder, gasoline prices are holding above $5 a

Russian Federation will get record revenues in the second quarter, - Business Insider

Russia's current account surplus reached $70.1 billion in the second quarter of 2022, a record amount since 1994. In May, the IEA said Moscow earns about $20 billion a month from oil sales, as high prices have boosted export revenues by 50 percent.

OPEC will not save the market from fuel shortages, Bloomberg

According to July's oil report, oil demand will continue to grow despite the risks of a global recession. At the same time, demand will exceed production increase by 1 million barrels - the deficit will continue next year. Bloomberg oil analyst Javier Bias writes that the increase in oil production

Blinken says Russia and China are challenging the world order - Kommersant

The secretary of state said this when talking about the importance of adhering to the basic principles of how countries relate to each other throughout the world. He also recalled that there are basic provisions of relations between countries, such as respect for each other's independence, territorial integrity, and respect

US National Security Advisor Sullivan: The US will discuss energy security with OPEC leaders during a trip to the Middle East

The U.S. believes OPEC could increase oil production, the White House said in connection with Biden's trip to Saudi Arabia. Iran will face increased pressure from the U.S. if it refuses to return to the nuclear deal.

Krasnodar court reverses decision to suspend operation of Caspian Pipeline Consortium (CPC) - Kommersant

Instead, the company was fined 200,000 rubles. Earlier, the stoppage of the CPC, which carries more than 2/3 of Kazakhstan's exported oil, became the cause of a political conflict between Russia and Kazakhstan. The president of Kazakhstan said that the country will look for alternative ways to supply

France is in turmoil: Parliament may consider a vote of no confidence in the government

According to the media, this initiative was put forward by the leftists led by Jean-Luc Melanchon, who came in third place in the voting for the French presidency in the last election. However, for a successful motion of censure the votes of 289 deputies are needed, while Melanchon's coalition can

The U.S. stock market rose 1.5%, the best gain since June 24

Today's statements by Fed officials did not surprise investors. The expected 0.75% rate hike in July and 0.5% in September will not be a surprise to the market. Rising oil prices point to a recovery in demand in the economy. And strong credit and debit card statistics indicate

Boeing may cancel the launch of the new 737 MAX 10, - Reuters

Boeing CEO Dave Calhoun said the aircraft maker could face regulatory problems. The 737 MAX 10 is expected to be the largest among the narrow-body jets. Boeing has yet to certify the 737 MAX 10, but it already has orders from 17 airlines for more than 640 planes.

Evergrande's electric car division opens pre-orders for its first SUV - Bloomberg

The company introduced an electric sports SUV Hengchi 5. The battery of the car is designed for 602 kilometers without recharging. The starting price of the car is 179,000 yuan or $26,681. The company claims that the SUV will be the best among representatives of the class cheaper

Messenger WhatsApp faces a fine of up to 80 million rubles for repeated refusal to localize the data of Russians, the protocol will be considered on July 28, - RIA

Interfax later reported that WhatsApp faces a fine of up to 18 million rubles. Spotify and Snapchat also face fines of up to 6 million rubles.

Bye, Boris! echoes in the UK Parliament today

Boris Johnson's former government health minister spoke out against his former leader.Javid Sajid called on the Conservatives to change their minds and vote against Boris Johnson. However, the prime minister himself is not going to announce his resignation and is confident that a vote of no confidence will not

Gazprom Neft will conduct exploration on the Taimyr Peninsula, - the company

Gazprom Neft obtained licenses for geological exploration at 14 sites on the Taimyr Peninsula. The area of the blocks is about 6,000 square kilometers. A program for the first stage of work is planned to be prepared in 2023.

Limited supplies on Nord Stream after repairs: to be or not to be? - Bloomberg

Nord Stream may continue to pump limited amounts of gas to Europe after repairs, Goldman Sachs warned. The bank had originally forecast a full restoration of supplies to Europe after the upcoming repairs, but now "no longer views this scenario as the most likely."

Biden may announce decision to lower Chinese tariffs this week - The Wall Street Journal

Such a decision by the White House could limit the growth of inflation around the world. This in turn is a big positive for the stock market and crypto.

Russian Samsung and Huawei do not have enough parts - IZ

The main shortages are in batteries and screens. The waiting time for the necessary spare parts can exceed a week. According to a market source, Samsung continues to supply spare parts to Russia, but due to the disruption of logistics chains, the delivery time increases. "Users have to get used

Thailand cancels Thailand Pass system - TASS

Previously, Neya was loaded with the information needed to enter the kingdom, and mandatory health insurance with $10,000 coverage for coronavirus treatment.

Bitcoin ends the month below $19,000

June was one of the worst months in history for the crypto market. In absolute terms, May 2021 remains the worst month in terms of losses for the largest cryptocurrency by capitalization.

Chinese yuan strengthens against the ruble by 2%, while the dollar falls by 1.5%

Yesterday, Russian regulators discussed the possibility of replenishing reserves in yuan, as well as the renewal of the budget rule. A possible accumulation currency within the framework of the budget rule could be the yuan. The Central Bank also continues to insist on increasing the circulation of the yuan in

Number of bitcoin millionaires down 76% in 8 months - BitInfoCharts

According to the publication, 108,866 addresses had a balance of more than $1 million in November 2021. Right now, only 25,601 addresses can consider themselves bitcoin millionaires - a drop of 76.4%. The number of those whose bitcoin holdings exceeded $10 million is down 60%. There are

Inflation expectations are much higher than before, says ECB's Lagarde

A return to low inflation is unlikely, she added. Lagarde hopes fiscal policy will focus on supporting the most vulnerable, not the broader population. The recovery in services continues and is supporting the economy, the official said. We have clearly indicated what could happen in July," she said.

Switzerland may resort to rationing of gas consumption - Government of Switzerland

This month, Switzerland held the first talks with Germany on a planned cooperation agreement on gas supplies. "We cannot rule out gas shortages this winter, we can resort to rationing if necessary," the government said.

The Russian Federation wants to cancel a tax of 3 million rubles on the sale of housing - IZ

The tax-exempt amount for the sale of apartments and country houses is to be increased from 1 million to 3 million rubles if new housing is purchased instead. The initiative of major real estate companies has already been supported by the State Duma. Today the personal income tax is charged

G7 leaders decide to "fix" China's market practices - The Daily Mail

G7 leaders agreed to develop a joint approach to correcting Beijing's "non-market" international trade practices. According to the results of the summit, representatives of the G7 countries will criticize China for its practices in the world market.

India could benefit from U.S. recession: Recession in advanced economies could lead to lower prices, Bloomberg

A drop in global commodity prices would help reduce domestic inflation, according to the head of economics at Citigroup Inc. "India, being a net importer of commodities, should benefit from inflation," Samiran Chakraborty told Bloomberg. He added that India will still face pressure from the global slowdown, as it will

Wind power will be developed in Dagestan - IZ

The Makhachkala wind power plant with a capacity of 12.5 MW is currently being implemented in Dagestan. In April, the Ministry of Energy and Tariffs also promised to build five solar power plants within three years: this will provide 250 thousand people with energy and another 90 people with

Is Powell really right? The U.S. credit crunch is on the rise

Not long ago, Fed Chairman Powell stated that "U.S. consumers are in very good financial shape. Meanwhile, the savings potential of the population has already fallen below 4%, and the demand for consumer credit is growing despite high rates.

Europe cuts gas consumption

According to Citigroup, industrial gas use in the UK alone fell by about 49% in June compared to May.  The drop in consumption is due to reduced exports from Russia via the Nord Stream pipeline. Europe has already seen a 15-20% drop in gas demand due to high prices, and

Tesla will stop production in Shanghai in the first two weeks of July

According to reports from employees at the Shanghai Gigafactory, Tesla plans to upgrade the facility in the first two weeks of July. COVID-19 restrictions are no longer the cause of production stoppages. The company has already lost a significant amount of production momentum this spring amid a spike in COVID-19

Powell at the Fed: A rate hike should affect home prices fairly quickly

Powell believes that the current economic situation creates barriers for real estate developers. Powell: Current wage growth is incompatible with 2% inflation. However, we don't want to slow the rate of wage growth. We need more "sustainable" measures. Lower inflation will get the economy back on track, ensuring a period

Toyota cut its global production plan for July by 6 percent, company press release

This is due to semiconductor shortages and supply chain disruptions. The company specified that the production plan may be lower, "as it is still difficult to look ahead.

WARPE opposes putting fish on the stock exchange, - Prime

In Russia there is a pilot project for the sale of aquatic bioresources on exchanges, but it does not assume the obligation of market participants to sell some products on such trading platforms. The Ministry of Finance proposed to establish quantitative norms for the sale of goods on the exchange

Sber and other banks are actively closing their branches - Kommersant

Russian banks continue to cut offices. In May, according to the Central Bank, Sberbank increased its activity by closing 70 offices. Experts estimate that the reduction will allow banks to save up to 100 billion rubles a year. In May Sberbank accelerated the closure of additional offices and for the

Euro strengthens in anticipation of new ECB actions

Action is expected to combat "fragmentation" in the currency bloc, trading data show. As of 1 p.m., the euro to dollar exchange rate is rising to $1.0533.

Jerome Powell: Financial markets are showing that they understand the path we are taking

We always strive to make our intentions as clear as possible. We will do everything we can to achieve our dual goals. Financial conditions have tightened, and rightly so. We want to see a series of declining monthly inflation figures. We should stay neutral. That would get us to a

Jerome Powell: Fed decided to raise rate by 0.75% as inflation rose sharply after May Fed meeting along with inflation expectations

A hike of an accelerated rate hike would help ensure the sustainability of long-term inflation expectations. Our projections are not a blueprint; no one knows exactly where the economy will be in a year. Powell at the Fed: The pace of rate hikes will depend on incoming data. Don't expect

Macrostatistics US

Retail sales (m/m) (May): -0,3% (0.2% forecast, 0.7% pred.) Core Retail Sales Index (m/m) (May): 0.5% (Forecast: 0.8%, anticipated 0.4%) Export price index (m/m) (May): 2,8% (Forecast: 1.3%, anticipated 0.8%) Import price index (m/m) (May): 0.8%

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Russian oil workers move to Dubai in search of "favorable" tax jurisdiction

According to Bloomberg, Rosneft explored the idea of establishing a trading venture in Dubai after Switzerland confirmed its willingness to follow EU sanctions. But the UAE refused to follow the example of the U.S. and the EU, refusing to impose sanctions on Russian companies. According to Bloomberg, the UAE

Russia continues to make money: revenues from oil exports are back to the levels of the beginning of the NWO - IEA data

Cash from exports rose to $20 billion, with volumes down 3%. Growth in shipments from Asia boosted total oil shipments Russia's oil export revenues rose to about $20 billion in May despite a decline in shipments, according to the International Energy Agency. Russia's total income from oil and petroleum products

Britain prepares to cancel part of Brexit deal - Bloomberg

The U.K. has unveiled a bill canceling part of the Brexit agreement it signed with the European Union. There are risks of a trade war between the parties, as well as additional threats to Johnson's political position. Under the provisions of the bill, Britain no longer plans to recognize

Morgan Stanley CEO: There is a 50/50 chance of a recession, but it is unlikely to be deep or prolonged.

According to Gorman, no one can predict exactly what inflation will be a year from now. He also added that Europe's economy will certainly be "slower" than North America's this year. Earlier on May 26, James Gorman estimated the probability of a recession to be below 50%. At the time

Shanghai introduces mass testing for COVID - number of cases rising - Reuters

Shanghai has begun mass COVID-19 testing of all 25 million residents, authorities are trying to contain the outbreak. Authorities ordered PCR testing this weekend for all residents in 15 of Shanghai's 16 districts, with residents in five districts prohibited from leaving their homes during the testing period.

Tesla shares will "split" again, - Reuters

In August, Tesla shareholders will have to vote on a 3-to-1 stock split. Tesla is learning from a filing published by U.S. regulators that the already discussed 3-to-1 stock split will be voted on at a shareholder meeting on August 4. At the same time, other issues like the

Canada imposes sanctions on Russian oil, gas and chemical companies - Ministry of Foreign Affairs

Canadian citizens and companies are prohibited from doing any business with representatives of the Russian oil, gas, chemical and mining industries, including coal and metal ore mining.

The U.S. will have a harsh summer of 2022, - Axios

The U.S. faces another summer of extreme heat, hurricanes, drought and wildfires - threats that are intensifying due to climate change, according to the National Weather Service. This could have a significant impact on crops produced and the country's costs of dealing with the causes and effects of natural

Biden instructed his administration to analyze the possibility of lifting higher duties on imports from China, - CNN

This is necessary to curb record-breaking inflation, said U.S. Secretary of Commerce Gina Raimondo. According to her, the elimination of duties on imports of consumer goods could be good for the U.S. economy. However, steel and aluminum tariffs imposed during Donald Trump's presidency are likely to remain in

"Europeans are in for hard times": experts assessed the consequences of the embargo against Russia - Forbes

The ban on Russian oil imports by sea, imposed as part of the sixth package of EU sanctions, will hit European consumers and businesses, causing a noticeable increase in energy prices, said Guntram Wolf, head of the Bruegel think tank. According to his forecast, the restrictions will lead to a

The Central Bank has increased the daily limit on the sale of shares received from depositary receipts - Frank Media

The Bank of Russia has increased the daily limit on the sale of shares of Russian companies, which were converted from depositary receipts. Now it is 5% of the number of such securities, instead of 0.2% established earlier. These restrictions apply only to operations of Russian residents who became

Sber tested unmanned cars on the streets of St. Petersburg - KD

The website SberAutoTech found a video of drone tests in St. Petersburg. The cars were transporting passengers around Krestovsky Island, with at least two drones participating in the races. SberAutoTech has not yet commented on the journalists' request, and after the material was published, it removed the video clip and

White House prepares energy regulations for bitcoin

White House spokesman Kosta Samaras assured that the regulations will not prohibit or unduly hinder the activities of mining companies. According to the official, its main goal is the reasonable integration of cryptocurrencies into the global financial market. Bitcoin miners have previously been accused of excessive energy consumption, which caused

By early summer the number of vacancies on Avito rose to 16%

The demand for seasonal specialists is growing fastest in the construction and tourism industries. In these groups of professions the number of vacancies increased by 16%. Next comes the restaurant and entertainment industry, as well as the beauty industry, where the number of vacancies has increased by 15%.

U.S. housing market brings buyers to tears

According to the Zillow survey, due to high prices and lack of supply, 50% of homebuyers have cried at least once during the home buying process in recent months. Among young Americans buying a home for the first time, 65% reported critical levels of stress. Nearly half of homes sold

Bird flu hits U.S. turkey market just in time for burger season, Bloomberg

Starting in the third quarter, there will be "big gaps" in the supply of Jennie-O brand turkey, parent company Hormel Foods Corp. has warned. One of the worst bird flu outbreaks in history is wiping out flocks in the U.S. Midwest. The company's stock fell 5.3 percent, hitting

Fed's Barkin: You can't "find" recession in macroeconomic data - Fox Business interview

A balance sheet reduction does little more than raise rates to tighten policy. I am quite comfortable with the option of raising rates in the next few meetings. The stronger the economy and higher inflation, the better to do "more" on rates.

Ozon agreed with 36% bondholders on suspension of full redemption demand - Interfax

The agreement was reached with foreign holders of 21.4% of the bonds, as well as with Russian holders of 14.5% of the bonds. It comes into force since June 1 and will be valid until August 30 of this year. Earlier it was reported that due to regulatory

German Chancellor Scholz: Germany's energy supply problems are not a national issue, but a problem for the entire European Union

The chancellor noted that Germany cannot currently afford lengthy planning and permitting processes for renewables. Scholz added that energy policy is now equivalent to the country's security policy.

The U.S. is trying to save food chains

Biden administration plans $2.1 billion in new funding to strengthen food supply chains, including initiatives to expand small- and medium-sized processing plants - Bloomberg

New high: the average gasoline price in the U.S. reached $4,619 a gallon

According to the latest data from the American Automobile Association, gasoline prices in the U.S. have reached an all-time high. As of Monday, the average fuel price was up 52% year-over-year.

Credit Suisse considers selling its asset management business

According to sources, the bank is looking to raise funds for capital investments. The sale of the asset manager division may be related to the bank's desire to get rid of its ties to Russian assets. Over the past 2 decades, Credit Suisse has become one of the most popular

U.S. wants to ban digital yuan

Republican senators intend to ban U.S. marketplaces from hosting programs that allow payment in digital yuan, under the pretext that it would allow Chinese authorities to track the activities of Americans. According to the U.S. senator's office, the digital yuan e-CNY could provide the Chinese government with the

North Sea oil and gas giants may cut British tax on windfall profits

Recall that Britain imposed a 25 percent tax on excess profits of oil and gas companies to fund measures to support citizens. According to the think tank, North Sea oil and gas companies can use the new rules to reduce the amount of tax. Companies can funnel excess profits into

Cars and home appliances will rise in the global market-Bloomberg

Japanese steel giant Nippon Steel said Thursday that sharp increases in the cost of resources such as iron and coking coal are provoking a rise in steel prices. The company's vice president said that otherwise their profits would shrink. Nippon Steel and the steelmaking division of JFE Holdings by 50%

Tech giants' advertising revenues threatened by "pandemic" bubble - Reuters

Research firm MoffettNathanson cut its 2025 revenue estimates for Google, Meta*, Snap and Twitter. Digital ad spending in the U.S. is up 38% in 2021 from a year earlier. However, the state of the economy this year could undermine the rapid growth. "After years of excessive optimism, we are

Oil for Our Own Only: Only Cars with Hungarian license plates will be able to fill up with gas in Hungary - Interfax

The Hungarian authorities have adopted prohibitive measures for foreigners wishing to fill up their cars at gas stations in the country. The Hungarian authorities explained this measure by the fact that "gasoline tourism has flourished in the country, which has jeopardized the uninterrupted supply. Gasoline prices are now frozen in

Russia may start issuing "substitute" bonds to exchange Eurobonds - Interfax

This is how it is proposed to make life easier for those who have suffered from difficulties with servicing debt securities due to sanctions. "A Russian issuer that previously issued Eurobonds can issue a substitute Russian bond and exchange it for this Eurobond and subsequently service it," the Bank of

Moscow mayor's office will cancel fines for businesses for violations of covid restrictions and reimburse already paid

The mayor of Moscow Sergey Sobyanin announced a "covid amnesty" because of the "fall in real incomes of citizens". The executive authorities will stop the collection of assigned but unpaid fines for violations of covid restrictions. This does not apply to non-compliance with isolation during Covid-19 illness. The amnesty is

The Thai government provides value-added tax exemptions for digital asset transactions until December 31, 2023.

The proposal was approved on May 24. Transactions in cryptocurrencies and tokens would be exempt from value-added tax on trading platforms registered by the Ministry of Finance. The main goal of the initiative is to facilitate cryptocurrency trading on regulated exchanges so that authorized bodies, including the Securities and Exchange

Key rate hike of 0.5% in the EU in July is not excluded - thinks Knott of the ECB

A rate hike in the EU could threaten a recession. However, a tighter ECB policy would allow the euro to recoup losses against the dollar, which could reduce imported inflation from the U.S.

Russian Federation will continue to pay the national debt, despite the tightening of foreign restrictions, payments will be made in rubles, - Ministry of Finance

The Russian Ministry of Finance, as a responsible borrower, confirms its readiness to continue servicing and repaying all debt obligations. Payments to holders of Russian Federation Eurobonds within the Russian accounting infrastructure will be made to their NSD accounts. Payments to Russian Federation Eurobond holders using foreign financial intermediaries will

THE MOST STABLE DIVIDENDS EVER

The York Water Company was incorporated in 1816 in York City, Pennsylvania, and is the oldest privately held public utility company in the United States. By the end of 1816 the first 35 homes were connected to the water system. In 1849 a steam pump water supply was established. In

Why the American clean energy industry is stuck

Two years ago, clean energy enthusiasts were right to feel optimistic. In the decade to 2020, the levelized cost of electricity, which takes into account investment in equipment, construction, financing and maintenance, fell by 69% for onshore wind and 85% for solar projects, according to consulting firm Lazard. With renewables

OpenSea will launch "Seaport Protocol"

OpenSea will launch a new NFT marketplace "Seaport Protocol". It offers payment for NFT not only in cryptocurrencies, but also barter exchange. The service operates as an independent, open-source platform. In theory, the platform could become the first independent Web3 NFT-marketplace.

Wedbush: Apple stock is a "safe haven" during a market sell-off

The analytical agency notes stable demand for the iPhone. Apple is currently coping with the supply despite the disruption of supply channels and production stoppages in China. Meanwhile, the "asylum"...

Cloudflare launches Ethereum node experiment to help "build a better internet"

In anticipation of Ethereum's long-awaited transition to proof-of-stake (PoS), cybersecurity firm Cloudflare plans to launch and fully bet on Ethereum nodes within the next few months. At this point, it appears that the merger and transition to the PoS mechanism is scheduled to go live by the third quarter or

Spring salad with spinach, tomatoes and Fetax "Perfect for a salad"

1️⃣ Dice all the ingredients and halve the tomatoes. 2️⃣ Pour in balsamic vinegar and olive oil, salt and mix well. Ingredients: Fetaxa "Perfect for salad" - 150 g;Spinach - 100 gr;Cherry tomatoes - 5 pcs;Red bell bell pepper - 1 pc;Cucumber - 1 pc;Olives

China cuts exports to Russia to avoid conflict with the West

U.S. Secretary of Commerce Gina Raimondo told the media about China's shrinking shipments, citing the latest Chinese trade data available to her. Chinese laptop shipments to Russia fell 40% in March, smartphone exports fell two-thirds (that is, by more than 66%), and shipments of telecommunications network equipment fell 98%

U.S. authorities plan to ease economic sanctions against Venezuela

In particular, the plan is to allow the oil company Chevron to begin negotiations with the Maduro government, the Associated Press reported, citing unnamed U.S. officials.

Manchin saved the U.S. and Democrats from rising inflation, Jeff Bezos

In a Sunday tweet, Bezos said that the Biden administration was "trying to stimulate an already overheated inflationary economy even more, and only Manchin saved them from themselves." It should be remembered that Manchin's position prevented the U.S. Congress from passing a $1.9 trillion spending plan. The businessman

Tesla suspends plans to enter the Indian market

Ilon Musk's company has suspended plans to sell electric cars in India. Tesla was unable to reach an agreement with the authorities on lower import taxes, Reuters reported. Negotiations with the Indian government lasted more than a year. Tesla had intended to ship Chinese-made electric cars to India, but the

Twitter's CEO said in an internal email that the company is suspending new hiring this week

Earlier, it was reported that amid Ilon Musk's deal to buy the social network, Twitter's job browsing has reached unprecedented popularity in the United States.

Philip Morris buys Swedish chewing tobacco manufacturer Swedish Match for $16 billion

The maker of Marlboro is trying to diversify its business by looking for alternatives to traditional tobacco products because of regulatory scrutiny around the world. Although Swedish Match products are banned in the EU, the U.S. Food and Drug Administration cleared it in 2019. However, Swedish Match shareholders said

Netflix is looking for a bailout: the company told employees that Netflix's platform will feature ads by the end of the year

The company also said in a memo that Netflix plans to start cracking down on password sharing among its subscriber base around the same time.

Valuations of U.S. companies fell more than 17% after a rate hike from the FRS

"Analysts are catching up with reality, and this is a major change in valuations for companies," said Greg Taylor, chief investment officer at Purpose Investments. According to data compiled by Bloomberg, Amazon's average earnings per share estimate for 2022 has fallen more than 50% in the past month. Alphabet's estimates

"Gazprom" is trying to convince European partners that they can pay for supplies without violating sanctions

"Gazprom writes that the provisions of the new presidential decree of May 4 clarify the scheme for settlements in rubles proposed in late March. It follows from the new decree that foreign currency will be translated into rubles through the National Clearing Center. "Gazprom argues that the procedure ensures "transparency

Buffett's Berkshire Hathaway increases its stake in Occidental

Berkshire Hathaway has increased its stake in the U.S. oil company to about 15.2%. According to SEC documents, 5.9 million shares of Occidental were bought Tuesday, worth about $336 million. Occidental's stock has nearly doubled since the beginning of the year. Among the main factors were large

Traders expect a serious tightening of the Bank of England policy by September

The market expects the Bank of England to raise interest rates by 125 basis points by September. The bank is expected to hold three 25bp hikes and one 50bp increase. The half-percentage-point increase would be the first since 1995.

Average U.S. diesel prices hit historic highs for 5th consecutive day

U.S. retail diesel prices are up 74% year-over-year.

Bye, Amazon: analyst firm Wedbush removes the company's stock from its list of top ideas

Last week, the company reported worse than analysts expected, causing the stock to fall 14%. Amazon is struggling because of supply chain disruptions as well as rising wages around the world. According to analysts, the company's best years are behind it. The past decade has been an ideal one for

EU informed Apple of its "preliminary opinion" that the company abused its dominant position in mobile wallet markets

Apple has restricted competition by reducing access to standard contactless payment technology, the EU said. We previously reported that the EU is threatening the tech giant with a fine of 10% of global turnover if it considers the claims against the company confirmed.

The terrible heat in India.

There is a terrible heat wave in India, above 40 degrees. This is bad for agriculture and wheat. Risks to the sugar, rice and grain markets are rising.

Saxo Bank denied news about restriction of Russians to NASDAQ exchange

NASDAQ exchange for clients in Russia will not be closed, but the current market data from NASDAQ Nordic will be restricted for Russian citizens. Subscriptions to NASDAQ TotalView and Last Sale data will also not be available.

Apple to face new antitrust charges in Brussels

The tech giant will be accused of violating EU law in running Apple Pay. The company will receive large fines of up to 10% of global turnover if the charges are upheld. The claims against Apple relate to NFC or "near field communication" technology. Under the current system, Apple does

Not a single major European company has yet started paying for Russian gas in rubles

Russia's blackmail bets have failed. The big players have been in the market for years and know what to do, but several small European trading companies have started paying for Russian gas in rubles. Will this save Russia?

China aims to overtake U.S. GDP growth rate

Chinese President Xi Jinping told officials that the country's economic growth should surpass that of the United States this year, even despite the worst COVID-19 outbreak since the pandemic began. At the meetings, Xi said that ensuring stability and economic growth is very important, it is necessary to show that

Apollo to buy $1.6 billion in Carvana bonds

Apollo has decided to invest $1.5 billion to support online retailer Carvana. That's nearly half of the company's latest bond issue. Trading in the stock was briefly suspended due to volatility.

U.S. auto sales to fall in April

Low inventory levels at automakers and rising interest rates will slow sector sales, according to forecasts by JD Power and LMC Automotive. Raw materials shortages and consumer inflation are slowing demand. The consultancy's report said U.S. retail sales of new cars could fall 23.8 percent to 1.1

Elon Musk bets on new batteries for Tesla

More than half of the Tesla electric cars produced in the first quarter were equipped with lithium-iron-phosphate (LFP) batteries. In production, the new "batteries" are a cheaper counterpart to the lithium-nickel-cobalt version. The popularity of iron in battery production is growing amid problems with nickel supplies, exacerbated by the Ukrainian

Some Twitter users didn't like the news of the takeover

Hundreds of thousands of Twitter users (0.03% of the total number of active users) deactivated their accounts. This happened after the announcement of the takeover of the social network by Ilon Musk. This was reported by the company. According to Social Blade, the total number of users on Twitter

Germany is ready to support the EU ban on Russian oil, if it is gradual

Also, official sources close to the discussion of the issue say that Germany is seeking a transition period in the embargo on Russian energy resources.

Boeing - stock price plummeted to 2020 levels

The company reported a much worse than analysts expected, posting a net loss of more than $2 per share. "It's only gotten worse. what we think will really worry investors is that we keep getting MORE bad news," wrote Vertical Research Partners analyst Rob Stallard. Boeing delivered 95 commercial aircraft

Soybean exports from Brazil, the world's leading supplier, are becoming very expensive

Higher diesel prices and deteriorating road conditions have led to higher freight rates. Nevertheless, higher soybean prices could significantly boost Brazil's export earnings. Corn could also bring more profits to exporters in Brazil. Demand is expected to increase sharply in the coming months amid declining supplies from the Black Sea.

Recession is coming, the ECB will not be able to normalize policy, and the euro will continue to fall - Robert Brooks, chief economist at the IIF

Brooks justifies his opinion with the fall of consumer confidence index in Germany below pandemic levels.

Renault will transfer its stake in Avtoframos to NAMI, said Denis Manturov, head of the Ministry of Industry and Trade

A stake in Avtoframos plant in Moscow will be handed over to Moscow authorities. It will be a "deal for a ruble" with the option to buy back shares within 5-6 years, said Manturov. Manturov: If Moscow plant of Renault is transferred to Moscow it will not be mothballed, it

Biden bans sales of outdated incandescent bulbs

The Biden administration announced new energy efficiency rules Tuesday. They involve phasing out outdated light bulbs, which will reduce electricity consumption and reduce greenhouse gas emissions from the nation's energy sector. The Department of Energy rules, which repeal Trump administration policies, ban the sale of light bulbs that produce less

PepsiCo suffers $500 million loss because of Ukraine crisis

The price of the geopolitical situation around Russia and Ukraine for foreign producers continues to rise. PepsiCo reported on problems with production in the region on Tuesday. Back in March, the company said it was ready to cut gross sales of products such as Pepsi and 7Up in Russia. But

Vaccination rate in China slows as COVID outbreak continues - could threaten economic recovery

In the last week of March, China recorded 770,000 booster shots per day. By mid-April, however, the figure had fallen to 590,000. Jin Dong-yan, a virologist at Hong Kong College, believes that the decline reflects the elderly population's distrust of vaccines. If the vaccination rate in the PRC

Gazprom does not confirm that gas supplies to Poland have already been suspended

Earlier, we quoted an ICIS analyst as saying that Polish operator PGNiG itself has stopped gas supplies. Poland is now obliged to pay for gas supplies to Russia under the new payment procedure.

Italy considers temporary nationalization of Lukoil's refinery in Sicily

Earlier, representatives of Russia said that nationalization of Russian companies would entail a mirror response.

Tesla Shares Shocked: Quotes Fall 10%

Investors are pondering how Musk will pay for his Twitter purchases. According to Bloomberg, Musk has only $2 billion in cash. Market participants assume that Musk will have to sell Tesla stock.

Ford ramps up production of F-150 Lightning in pursuit of dominance in the electric pickup market

One of the largest automakers intends to become a leader in the market of mass-produced electric pickups.  Ford CEO Jim Farley said the company plans to scale production faster than competitors. Ford expects to ramp up production capacity in Michigan to 150,000 units a year from the current 40,

Britain's shrinking real incomes are beginning to affect the purchasing power of much of the country

43% of those who pay their energy bills say they will face problems because of rising costs. The same proportion said they won't be able to make savings over the next year as a result of the jump in bills. Nearly a quarter of adults, 23%, said they had difficulty

Twitter's deal with Musk is good for shareholders, Republican Jim Jordan

The Republican position is justified: as Bloomberg reports, Musk's purchase of Twitter will open the door to unblocking former U.S. President Donald Trump's Twitter. In the run-up to the congressional elections, this could be very relevant.

The oil swing continues: WTI loses about 5%

Oil is falling amid a possible reduction in demand from China due to covid restrictions. Also, the quotations are affected by the general macroeconomic negativity, which may lead to a reduction in demand for oil. Also today it became known that the UAE sent the first tanker to Europe for

Polymetal is not selling gold bullion in Russia right now

"Russian banks are willing to buy gold at a slight discount to the LBMA price. Although the discount is small, Polymetal is not currently selling gold bars in Russia," the company's director said. The company's director said. Polymetal considered delisting from the LSE, but retained its premium listing because the

Since February, India buys 40 million barrels of oil from Russia vs. 16 million in 2021

As reported by representatives of the countries, the payment for oil is made in national currencies.

We thought coal was "everything," but today coal use is at an all-time high

According to the International Energy Agency, the world produced more electricity from coal in 2021 than ever before. By 2023, total coal consumption - for power generation, steel production and other industrial purposes - is expected to rise nearly 2 percent to a record high. Why? Because it's cheap: According

Tinkoff Bank's receipts fall by 8%, losing all of last year's growth

A new driver of the decline was the sale of shares of the bank's founder Oleg Tinkov of his stake in the bank. Tinkoff Bank's receipts are also negatively affected by the drop in consumer lending, one of the key parts of the bank's business.

Russia senselessly tries to fine Youtube

Court fines for YouTube video hosting on Roskomnadzor's suits for failure to remove prohibited information exceeds 7 billion rubles