One Ohio resident who ran a $12 million Ponzi scheme involving bitcoin has now been fined by the United States Commodities Futures and Trading Commission (CFTC). Based on the complaint filed by the CFTC at a district court in the state on August 11, the man executed the fraud to pay for …
Five Chinese state-owned firms including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS) said on Friday they would delist from the New York Stock Exchange, amid escalating economic and diplomatic tensions with the United States. The companies, which also include Sinopec Shanghai Petrochemical Co (600688.SS), PetroChina (601857.SS) and Aluminium …
Dutch bank ABN Amro (ABNd.AS) tops analyst expectations on Wednesday with a jump of 21 percentage points in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments outweigh rising costs. Analysts in a company-collated poll had forecast a net profit of 312 million euros for April-June, compared …
The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the huge amount of people that invested in ‘unregulated, volatile’ crypto assets during the Coronavirus pandemic. Australia’s financial services watchdog sees the surge in crypto investment during the COVID-19 pandemic as a cause for …
Taiwan’s national security officials plan to convince Apple Inc’s (AAPL.O) supplier Foxconn (2317.TW) to close out an $800 million investment in Chinese chipmaker Tsinghua Unigroup, the Financial Times reported on August 10. The deal will certainly not be approved, the report said, citing a senior Taiwanese government official associated …
Gaming software company AppLovin Corp (APP.O) put in a bid on August 9 to buy its peer Unity Software Inc (U.N) in a $17.54 billion all-stock deal, threatening to hinder Unity’s declared plan to take over AppLovin’s smaller rival ironSource. AppLovin has proposed $58.85 for each Unity share, which …
Tamadoge, a Play-to-Earn (P2E) metaverse meme coin, has raised $2 million from investors in around two weeks since its beta sale started. Two hundred million tokens were sold in the beta sale phase, raising $2 million – 1 TAMA sold for 0.01 USDT (Tether stablecoin, which is equal in value to 1 USD). One billion […]
Binance crypto exchange has recovered a major part of the funds from the recent hack that mostly targeted the decentralized finance (DeFi) protocol Curve Finance. Binance recovered and froze nearly $450,000 worth of the stolen assets, which represents nearly 80% of the stolen funds. While confirming the incident, Binance CEO Changpeng Zhao …
China’s war games around Taiwan have prompted Biden administration officials to change their thinking on whether to abolish some tariffs or possibly place others on Beijing, or dismiss those options, according to sources with knowledge of the matter. President Joe Biden’s team has been struggling for months seeking …
Google Fiber intends to offer its high-speed internet service to various cities in Colorado, Arizona, Nebraska, Idaho, and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet Inc (GOOGL.O) unit in 2015. In his first media interview since taking over …
