Recently disclosed in a regulatory statement, Hong Kong-based Boyaa Interactive International Limited announced its plan to acquire cryptocurrency assets valued at up to $ 100 million. This publicly listed entity, known for developing and managing online card and board games through its various subsidiaries, aims to channel some investments into bitcoin (BTC), ethereum (ETH), …
The U.S. dollar value of funds flowing into digital asset investment products or exchange-traded products (ETP) in 2023 now exceeds $ 1 billion. In the week ending Nov. 10, approximately $ 293 million flowed into ETPs. Bitcoin ETP trading volumes in the week under review constituted nearly 20% of total bitcoin trading volumes …
A new lawsuit filed by entities overseeing the FTX bankruptcy process seeks to recover $ 935 million that was reportedly transferred to Bybit’s investment arm and others just before the former’s Chapter 11 filing in November 2022. Bybit is also accused of using FTX assets held on its platform as leverage in its attempt …
Northern Data Group has confirmed a €575 million ($ 610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern Data’s cloud services and hardware capabilities, focusing on generative AI …
Rich Dad Poor Dad author Robert Kiyosaki has recommended an investment allocation that he says may help you survive the greatest crash in world history. Noting that financial experts have promoted a 60/40 portfolio allocation of stocks and bonds, he stressed that people with this allocation will be the “biggest losers.” Robert Kiyosaki’s Recommended Investment […]
According to reports, the operators of a Central African Republic (CAR) crypto company which promised a high return on money invested have disappeared along with $ 1.6 million in investor funds. High-profile personalities including lawmakers and senior government employees are among the hundreds of CAR residents who fell victim to the apparent scam. Company …
Rich Dad Poor Dad author Robert Kiyosaki has revealed his investment strategy, emphasizing its divergence from the investment approach adopted by Berkshire Hathaway CEO Warren Buffett. “I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, bitcoin, and real estate for years,” the famous author […]
Major U.S. investment banks are urging caution and flexibility as the crisis sparked by a surprise Hamas attack on Israel earlier this month continues to evolve. Analyst notes from JPMorgan and Morgan Stanley provide insight into how Wall Street is interpreting events on the ground and potential impacts on global markets. Morgan Stanley Market Analyst […]
Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications in three to six months. He also anticipates that the greenlighting of spot bitcoin and ethereum ETFs has the potential to inject between […]
The U.S. Securities and Exchange Commission (SEC) and several other top financial regulators have issued several warnings regarding investing in crypto assets as part of this year’s World Investor Week. “The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant,†the regulators stressed. Crypto Warnings […]
PRESS RELEASE. LBank recently concluded its Launchpad for MetaExpand, securing a total investment of 52,186,338 USDT from 35,229 participants. $ UMM will be listed on LBank and open for trading on September 29th at 6 AM(UTC). This event was highly anticipated, following the immense success of the previous $ PINS Launchpad, which garnered …
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $ 420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported in August that its bitcoin mining operation acquired 248 …
A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $ 1.5 million, according to the U.S. Justice Department. Ex-Deutsche Bank Investment …
In the first week of September, an outflow of $ 59 million worth of digital assets managed by Digital Asset Funds was recorded, the latest Coinshares data has shown. The latest outflow means the value of digital asset investment products under management has dropped by a total of $ 294 million or 0.9% …
A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $ 1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target U.S. citizens. The Commission again warned that court rulings …