Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

Crypto-exchanges

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

Alibaba and Tencent

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

Class action lawsuit against Silvergate

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

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

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

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

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

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

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

MicroStrategy purchased 2,500 BTC

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).

Apple owes $98 million in taxes in Japan

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