Author: bitlyfool
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Heir to Cartier empire arrested for attempted money laundering using USDT
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The US Department of Justice (DoJ) has arrested Maximilien de Hoop Cartier, the successor to the French luxury brand Cartier, on charges of money laundering using cryptocurrencies. On May 2 IndictmentThe accused has been accused of drug trafficking and money laundering using the popular stablecoin Tether (USDT). A direct descendant…
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Hush money, gag order and catch and kill: A dictionary for Trump’s New York criminal trial
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This trial focuses on allegations that Trump falsified his company records to hide the nature of secret payments, and is the first-ever criminal trial of a former US president and judge. The first of Trump’s four indictments To go to trial. It also has some unique terminology. Here are some…
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Dollar soft on renewed rate cut bets; yen starts week on back foot By Reuters
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By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday as a weak U.S. jobs report boosted bets that the Federal Reserve may cut interest rates this year, while the yen fell after suspected intervention last week sparked a wave of volatility. Last week, the…
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Dogecoin (DOGE) Bull Run, Bitcoin (BTC) Price Recovery, and More: Bits Recap May 6
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Turkish lire; Dr Bitcoin has rebounded from recent lows to over $64,000, indicating resilience and potential upward momentum. DOGE is seeing a notable weekly rise of 12%, driven in part by Tesla’s acceptance, showing continued investor interest. XRP maintains bullish momentum, reaching around $0.53 amid ongoing legal action with the…
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Banks face fresh hit from parastatals’ idle cash ban
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Parastatals in Kenya have been banned from holding idle funds in bank accounts under a new public finance reform plan that seeks to promote transparency and efficiency in the use of public resources. Treasury Minister Njuguna Ndung’u revealed that the Treasury has officially adopted a hybrid single-account model whereby ministries…
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Spain April Final Services PMI 56.2 vs. 56 expected
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Services PMI: 56.2 vs. 56 expected and 56.1 previously. Composite PMI 55.7 vs. 55.3 previously. Key findings: Stronger gains in activity, although new business growth slows. The numbers of jobs are increasing sharply. Inflation rates remain high. comment: Commenting on the PMI data, Jonas Wildhusen, Junior Economist at Hamburg Commercial…
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Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese
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Richard Byworth, managing partner at SyzCapital, has sparked rumors suggesting that Hong Kong-listed Bitcoin ETFs may soon be available to investors from mainland China. Byworth’s remarks to X, formerly known as Twitter, highlight ongoing discussions about the possibility of integrating these ETFs into the Stock Connect system. This integration could…
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Coutts Shifts £2 Billion from UK Stocks to Overseas Funds, Sparking Concerns Amidst Market Uncertainty
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Coutts Bank, the royal family’s favorite bank, has sparked controversy by diverting nearly £2 billion of client money from the London stock market to invest in overseas projects. The move by the private bank, which serves tens of thousands of wealthy clients, involves reducing allocations to UK stocks in six…
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Australia’s Qantas to pay $79 million to settle flight cancellation case By Reuters
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Written by Byron Kay and Poonam Behura SYDNEY (Reuters) – Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a lawsuit before a regulator over the sale of thousands of tickets on already-canceled flights, in an attempt to end the reputation crisis that has engulfed the airline.…
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$1 Million Bitcoin Alpha Competition for Bitcoin 2024
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The following is an excerpt from the latest issue of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain Bitcoin market analysis directly to your inbox, subscribe now. We’re looking for the next best Bitcoin fund manager! Bitcoin Pro…
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Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
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Breadcrumb links BMN Business Article writer: Associated Press Zimo Zhong Published on May 6, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Monday after Wall Street ended last…
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Bitcoin Price Rejects Key Resistance, Time For Another Drop In BTC?
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Bitcoin price started to rise steadily above the $62,500 resistance level. BTC is once again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and is facing hurdles near $64,500. The price is trading above $62,500 and the 100 hourly simple moving average. There is…
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Azerbaijani oil continues flowing to Israel via Turkey
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Türkiye has not yet stopped loading oil tankers in the port of Ceyhan heading to Israel, according to Israeli sources. Azerbaijan is an important supplier of oil to Israel, via the Baku-Tbilisi-Ceyhan (BTC) pipeline, at the end of which the oil is loaded onto tankers that transport it to Haifa.…
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Asia FX dips as dollar steadies from payrolls plunge; yen reverses course By Investing.com
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Investing.com — Most Asian currencies fell on Monday as the dollar stabilized from Friday’s decline after weaker-than-expected jobs data led markets to increase bets on interest rate cuts by the Federal Reserve. The Japanese yen was the worst performer in Asia, as it reversed course after clear government intervention last…
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Jack Dorsey initiative pours $21m into Openstats
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Former Twitter CEO Jack Dorsey has made a staggering $21 million donation to OpenSats, a platform dedicated to funding the development of Bitcoin (BTC). The nonprofit announced Dorsey’s donation in a May 4 blog post mailShe indicated that the funds will be used to enhance the resources available for open…
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Rates to remain steady, but hawkish tilt likely amid sticky inflation By Investing.com
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Investing.com — The Reserve Bank of Australia is widely expected to keep interest rates steady on Tuesday, although investors were cautious about the bank taking a hawkish stance amid signs of steady inflation. The Reserve Bank of Australia is widely expected to keep interest rates at 4.35%, leaving them unchanged…
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ECB’s Lane says Confidence on getting inflation lower is improving
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The European Central Bank’s chief economist, Philip Lane, spoke in an interview with the Spanish newspaper El Confidencial: Essentially, what we said in April was that if our level of confidence improved in inflation generally returning to our target, it would be appropriate to lower the current level of interest…
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Elliptic Taps Artificial Intelligence (AI) to Crack Down on Bitcoin Money Laundering
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Blockchain analytics firm Elliptic said its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored by researchers from the MIT-IBM Watson AI Lab. Elliptic has revealed the successful identification of illicit proceeds deposited on a cryptocurrency…
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How Nvidia is dominating an AI-obsessed earnings season without even reporting yet
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Andrecraf/iStock, Michael M. James/Getty, Tyler Low/PI Nvidia is dominating earnings season, and has yet to report results. Other big tech giants have mentioned on earnings calls that they are ramping up investment in AI infrastructure. Nvidia It offers the popular H100 GPU chip used by many companies, and is specifically…
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Wall Street dives into Amgen’s diverse biopharma strategies By Investing.com
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Amgen Inc (NASDAQ:AMGN). Update the financial material Amgen Inc. continues In being a prominent force in the biopharmaceutical sector, with a focus on developing innovative treatments for serious diseases. The company’s involvement in areas such as oncology, cardiovascular disease, bone health, neuroscience, nephrology, infections, rare diseases, and its strategic interest…