Stocks fell and US government bond prices rose as US House Speaker Nancy Pelosi’s expected visit to Taiwan raised the prospect of a forceful response from China’s military. Hong Kong’s benchmark Hang Seng index fell as much as 3.2 per cent on Tuesday, later trimming some of its losses. China’s CSI 300 index of Shanghai-
The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise
President Xi Jinping’s wolf warrior diplomats excel at withering rhetoric when they want to belittle and dismiss people whose words and deeds, as they so often say, have “hurt the feelings” of all 1.4bn people in the People’s Republic of China. Xi had ample opportunity to instruct China’s diplomats and its state media apparatus, which
After a surge in Ether (ETH) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer. In a report shared with Cointelegraph on Monday, the author of the report, Markus Thielen, said he while he has been bullish on ETH prices six weeks ago,
China is ratcheting up military activity around Taiwan ahead of a potential visit by US Speaker of the House of Representatives Nancy Pelosi, who is expected to land in Taipei on Tuesday night. Several Chinese fighter jets flew close to the median line that divides the Taiwan Strait on Tuesday morning, according to a Taiwanese
With several on-chain metrics for Bitcoin (BTC) still in a bearish range, a continuation of the recent price recovery will require increased demand and fees spent over the network, says Glassnode. The assessment of mediocre market growth over the past week came from blockchain analysis firm Glassnode in its latest The Week On Chain report
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used it to promote a cryptocurrency giveaway scam. Imran Khan’s Instagram Account Hacked, Used to Promote Crypto Scam Imran Khan, a former Pakistani prime
The writer is a partner at the Dutch law firm Resor As the world of decentralised finance continues to grow, there is much demand for a digital currency fit for use in blockchain-based applications with near-real-time, peer-to-peer global settlement that can be used as a medium of exchange. However, most cryptocurrencies are too volatile for
As Britain sweltered through the country’s hottest day on record last month, supermarket delivery vans wove around the streets as usual delivering shopping to people’s homes. But while the vans have technology to keep the food and drink chilled in the back, a surprising number don’t provide the same service to the humans in the
The pound is shrugging off the chance of an overhaul to the UK’s economic policy as Tory leadership hopefuls outline starkly different plans for public spending and borrowing. Liz Truss, the foreign secretary and frontrunner in the contest to replace Boris Johnson as prime minister, has outlined tax cuts costing more than £30bn, suggested that
The UN has called it the world’s first climate-change-induced famine. Madagascar’s government agrees it is a result of the west’s carbon-fuelled lifestyle. A number of scientists and experts disagree, saying it is actually a consequence of poverty and poor governance. For the people of southern Madagascar, unaware of the international furore, it is known simply
The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned. The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filings with the Hong Kong stock exchange, Evergrande instead said
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform used the “fraudulent
Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S. SEC Takes Action Against Forsage Crypto Scheme The U.S. Securities
Pinterest shares surged more than 20 per cent after hedge fund Elliott Investment Management revealed itself as the company’s largest shareholder and expressed support for its new chief executive. The announcement helped offset disappointing second-quarter results from Pinterest that reflected softness in the digital advertising market, which has afflicted several of its social media rivals.
Conservative leadership contender Liz Truss on Monday opened a new front in her fight with the Whitehall “establishment”, vowing to cut civil service pay and holidays and refusing to rule out breaking up the Treasury. The foreign secretary has presented herself as a radical insurgent in her fight to become Britain’s next prime minister, portraying
The cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s services via a deep link or QR code. Crypto Payroll Company Bitwage
Source: NYSE Check out the companies making headlines after the bell: Pinterest — Shares of the image-sharing company popped more than 19% despite a miss on the top and bottom lines as activist investor Elliott Management revealed it is now the largest investor. The company also beat monthly active user estimates. Simon Property Group —
The Securities and Exchange Commission has charged 11 people in an alleged $300mn cryptocurrency pyramid scheme, highlighting how authorities are increasing enforcement in digital asset markets. The Wall Street watchdog said the scheme, known as Forsage, raised funds by using promoters to convince millions of investors worldwide to recruit others into the programme. “Forsage is