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China Promises More Fiscal Measures to Support Economy but Avoids Specifics
Over the last three weeks, China has announced a flurry of fiscal and monetary policy measures. At his widely awaited press conference today, China’s Minister of Finance Lan Fo’an pledged more support for the economy but refrained from providing specifics... -
Cryptojacking Malware Infects 28,000 Devices, Steals $6,000 in Crypto
A cryptojacking and crypto-stealing malware has been discovered by cybersecurity firm Doctor Web, infecting more than 28,000 devices but resulting in relatively low returns for the attackers. The malware, which masquerades as legitimate software such as office programs, game cheats,... -
Thailand SEC’s Proposal Could Expand Crypto Investments for High-Net-Worth Investors
Thailand’s Securities and Exchange Commission (SEC) is considering allowing mutual and private funds to invest in crypto-related products. This move aims to meet the increasing demand from institutional investors and high-net-worth individuals. Opening Doors for High-Net-Worth Investors The proposal, revealed... -
Caroline Ellison to Forfeit All Assets in FTX Settlement
Caroline Ellison, the former CEO of Alameda Research, has agreed to give up nearly all of her remaining assets in a settlement with the now-bankrupt FTX. This agreement comes after FTX filed a motion seeking approval for a settlement to... -
China Deepens Russia Partnership Through Expanded BRICS and SCO Collaboration
Through prominent international forums such as the Shanghai Cooperation Organization (SCO) and the BRICS, China has underlined its commitment to deeper cooperation with Russia. At a celebration honouring seventy-five years of diplomatic ties, State Councilor Shen Yiqin underscored China's willingness... -
Putin Announces 85% of CIS Trade Now Conducted in National Currencies
Russian President Vladimir Putin's announcement that more than 85% of trade within the Commonwealth of Independent States (CIS) now takes place in national currencies highlights a step toward greater financial independence. This move is a part of the CIS's larger... -
Microstrategy’s Bold Bitcoin Strategy Fuels Stock Growth Amid Financial Challenges and Volatility
Microstrategy's stock is predicted to rise by 64%, reaching $290, thanks to its strong bitcoin investment strategy, according to analysts from Bernstein. The company's co-founder, Michael Saylor, has been a key figure in this success, leading Microstrategy to hold approximately... -
Hong Kong’s SFC to Expand Crypto Exchange Licensing Before Year Closes
The Hong Kong Securities and Futures Commission (SFC) recently disclosed plans to issue more crypto licenses to digital asset businesses by the end of 2024. This announcement comes after HKVAX became the third licensed crypto exchange in the city, thus... -
US Agency Warns Against Crypto-Hungry Trinity Ransomware
The United States Health Sector Cybersecurity Coordination Center (HC3) has issued an urgent warning about Trinity ransomware, a new cyber threat actor primarily targeting critical infrastructure, including healthcare providers. How Trinity Ransomware Works Trinity ransomware is a sophisticated cyber threat... -
Could Nike Benefit from China’s Economic Stimulus? Analysts Weigh In
With a YTD gain of over 24%, Nike (NYSE: NKE) is the third worst-performing Dow Jones constituent this year, faring better than just Intel and Boeing which have been facing even deeper troubles. Just when it seemed that the sneaker...
