SEC reveals HyperFund crypto pyramid scheme involving $1.7 billion

Gurbir S. Grewal, director of the SEC\'s Division of Enforcement, said: "As stated in our complaint, Lee and Chunga lured investors through the profits of the so-called crypto mining business, but in reality HyperFund\'s \'mining\' business was nothi

World economic recovery faces multiple risks and challenges

The world is currently in a major upheaval that has not been seen in a century. It can be seen that the world economy still faces many uncertainties in 2024. For example, geopolitical, economic, and global security tensions are likely to continue to inten

China and Singapore sign an agreement on mutual exemption of visas for ordinary passport holders

According to the Ministry of Foreign Affairs\' "Consular Direct" WeChat official account on January 25, representatives of the Government of the People\'s Republic of China and the Government of the Republic of Singapore signed the Agreement bet

Global giants are pouring 180 billion yuan!

Analysts have pointed out that Smegglutide tablets are the first oral peptide drug in China, which may mean that similar oral peptide drugs are more likely to be approved in the future. At present, there are also several pharmaceutical companies in China

Is Amazons Q4 profit performance expected to exceed expectations again?

Amazon (AMZN. US) will release its financial results for the fourth quarter and full year of 2023 after market hours on Thursday, February 1st. Wall Street analysts predict that Amazon\\\'s Q4 revenue will increase by 11.2% year-on-year to $165.97 billion

European technology stocks have "unparalleled double pride"

However, the current situation in the European market seems to have improved significantly: although there may not be as many cutting-edge technology companies in Europe yet, a "scaled down version" of the "Big Seven" phenomenon simila

The expectation of the Federal Reserve\'s interest rate cut is increasing

Recently, the market\'s expectation of the Federal Reserve shifting towards interest rate cuts has become increasingly strong. As Pan Gongsheng, President of the People\'s Bank of China, said at a press conference held by the State Council Information Off

ANTICIPATING THE 2024 BITCOIN HALVING: PROSPECTS AND PREDICTIONS

The Bitcoin halving event, slated for April 2024 at block 840,000, will reduce the mining reward from 6.25 BTC to 3.125 BTC. Historically, Bitcoin’s price typically increases about six months before a halving and remains stable during the event, with subs

IMPACT OF SEC’S BITCOIN ETF APPROVAL ON INVESTOR DYNAMICS

The approval of 11 bitcoin exchange-traded funds (BTC ETFs) by the U.S. Securities and Exchange Commission (SEC) has markedly increased bitcoin trading activity. The first day of spot bitcoin ETF trading witnessed approximately 700,000 transactions with a

Oil (Brent Crude, WTI) Edge Cautiously Higher - Follow through Lacking

The oil market is struggling for direction, which is likely to continue as long as oil fundamentals remain unchanged. Economic forecasts anticipate low global economic growth in 2024 which means oil demand growth is likely to be minimal. This brings about

Gold prices remain firm above the 2000 mark

According to the "Federal Reserve Watch" tool of the Chicago Mercantile Exchange, traders believe that the probability of the bank\'s March meeting initiating a rate cut cycle is only slightly higher than 40%, compared to over 80% in the previou

The three major US stock indices collectively closed higher

On Monday Eastern Time, the three major US stock indexes collectively closed higher. As of the close, the Dow Jones Industrial Average rose 0.36%, the Nasdaq rose 0.32%, and the S&P 500 index rose 0.22%. The Dow Jones and S&P continued to reach hi

US DOLLAR RESILIENT FOLLOWING GOVERNOR WALLER’S REASSURING ECONOMIC OUTLOOK

A sense of anticipation hung in the air for many corporations and individuals in the United States as Federal Reserve Bank governor Christopher Waller took the stage to deliver a pivotal speech on the country’s economic prospects.

DEBIEX: CRYPTO WALLET TRAILS LEAD TO $2.3 MILLION ‘PIG BUTCHERING’ SCAMMER ZHĀNG CHÉNG YÁNG

The essence of the “pig butchering” scam involves fraudsters contacting potential victims through various platforms like dating services, social media, or direct messages, often pretending it’s a wrong number. Over time, they establish a relationship, gai

US: PETER KAMBOLIN SENTENCED TO 2 YEARS FOR FX AND CRYPTO SCAM

Peter Kambolin used the fraudulent gains for personal expenses and transferred funds to foreign accounts in Belarus and Dominica.