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App Store Security: Apple Takes Down Fake Trezor Wallet Suite From Its Ecosystem App Stores
Technology giant Apple has recently taken down a counterfeit application from its app store. This fraudulent app had been posing as the well-known crypto hardware wallet "Trezor Wallet Suite." Research revealed the malicious copycat app had been lurking for a... -
JPMorgan Anticipates US Dollar to Maintain Dominance Despite China’s Rise as World’s Largest Economy
According to experts at JPMorgan, it is believed that even if China surpasses the United States and becomes the world's largest economy by 2030, the US dollar could still maintain its position as the most dominant currency throughout the rest... -
Former SEC Advisor Predicts Legal Doctrine Could Challenge Gensler’s Crypto Crackdown
Former U.S. Securities and Exchange Commission (SEC) advisor J.W. Verret has brought attention to a legal concept that raises doubts about the authority of regulatory agencies. This includes the potential to foil Gary Gensler’s efforts to regulate cryptocurrencies. The Legal... -
Alibaba Stock Falls after Announcing Leadership Changes: Key Takeaways
Alibaba (NYSE: BABA) stock is trading lower in US premarket price action today after it announced leadership changes. The company had previously reorganized its business into six business units in March. BABA has now said that Daniel Zhang, who is... -
Binance CEO Slams Cease-and-Desist Notice on ‘Binance Nigeria Limited’ Group
Binance CEO Changpeng Zhao has firmly responded to the establishment of a fraudulent organization posing as Binance Nigeria Limited through a formal cease-and-desist letter. This step was taken after the Nigerian Securities and Exchange Commission (SEC) issued a June 9... -
Sam Bankman-Fried Faces Dual Trials in NYC as Judge Approves Case Division
Sam Bankman-Fried, the co-founder of FTX, is now facing two separate trials as criminal charges against him have been divided. The former CEO is being prosecuted for his alleged mismanagement of the crypto exchange, and the separate trials will address... -
Abra, Crypto Firm, Reportedly Declared Insolvent by Texas State Regulators in Cease-and-Desist Order
The Texas State Securities Board issued an urgent cease-and-desist order claiming that the cryptocurrency company Abra is "insolvent or nearly insolvent." According to the statement, a working committee of state securities management has been looking into Abra, and in March... -
Lordstown Motors Stock Spikes as Fed Pauses Rate Hikes
Lordstown Motors stock (NYSE: RIDE) spiked by over 33% yesterday amid a broad-based rally in beaten-down growth stocks after the Fed paused its rate hikes at the June meeting. That said, despite the recent rally, RIDE stock is down 75%... -
Binance Offers Bitcoin Mining Outside the United States Amid SEC Regulation Scrutiny
Binance, the world's largest crypto trading platform by daily volume, has expanded its operations into Bitcoin mining. This pioneering endeavor offers a cloud-based subscription service exclusively focused on mining the world's first digital currency. Binance Diversifies Offerings Amid Regulatory Challenges... -
US Inflation Slows Down to 4% in May, Boosting Wall Street and Building Anticipation for FOMC Meeting as Interest Rates Expected to Remain Steady
According to the latest report from the U.S. Bureau of Labor Statistics, the inflation rate in the United States has slowed down and dropped to 4% in May. It is worth mentioning that these figures came just before the upcoming...
