Category: cracks
-
There are big cracks in a $7 trillion bull case for stocks to keep rising
•
PixHook/Getty, MBBIRDY/Getty, Tyler Le/Bi The Saudis strategists often cite a price of $ 6.9 trillion of money market funds as a potential fuel for shares. But the increase in money market funds may not be because investors are waiting for accumulation in stocks. The potential DIP buyers do not see…
-
SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’
•
The U.S. Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digitalcurrency Group (DCG) for its alleged negligent conduct in connection with its subsidiary’s lending program. Genesis Global Capital (GGC). The action arises from findings that the cryptocurrency group “misled investors” about the financial health…
-
US Cracks Down on North Korea’s Crypto-Fueled Money Laundering Network
•
According to another ReportsThe United States has made efforts to disrupt illicit cryptocurrency-related networks supporting the North Korean government, announcing sanctions on two individuals and one entity in the United Arab Emirates. In particular, the US Treasury Department said that the parties acted as front companies for the North Korean…
-
India Cracks Down On Crypto: Regulators Favor CBDC In Push Vs. Bitcoin & Co.
•
India leans towards total ban of private cryptocurrencies such as Bitcoin and Ethereum in an attempt to regulate risk in their current volatile market. The government said it would favor central bank digital currencies (CBDCs), because they offer all the benefits of private cryptocurrencies, without the potential for instability or…
-
South African Revenue Service Cracks Down On Crypto With New Tax Rules
•
In an update shared via the country’s news agency, the South African Revenue Service (SARS) has called on taxpayers to declare their digital currencies and other crypto assets through the Voluntary Disclosure Program (VDP). Given the growing popularity of digital assets such as Bitcoin and Ripple’s XRP among South Africans,…
-
South African Revenue Service Cracks Down On Crypto With New Tax Rules
•
In an update shared via the country’s news agency, the South African Revenue Service (SARS) has called on taxpayers to declare their digital currencies and other crypto assets through the Voluntary Disclosure Program (VDP). Given the growing popularity of digital assets such as Bitcoin and Ripple’s XRP among South Africans,…
-
Analysis-Year of war creates cracks in Israel’s borrowing strength By Reuters
•
Written by Libby George, Karen Strohecker and Stephen Shear LONDON/JERUSALEM (Reuters) – For nearly a year, the Israeli economy has weathered the chaos of a war that threatens to turn into a regional conflict, but rising borrowing costs have begun to put pressure on its financial structure. The direct cost…
-
SEC Cracks Down On Brothers Behind $60 Million Crypto Ponzi Scheme
•
The U.S. Securities and Exchange Commission today charged brothers Jonathan and Tanner Adam with running a company $60 Million Ponzi Scheme Under the guise of an investment opportunity in cryptocurrencies. This case, which dates back to August 27, 2024, shows that challenges still exist for investors in the fast-paced and…
-
SEC Cracks Down On Brothers Behind $60 Million Crypto Ponzi Scheme
•
The U.S. Securities and Exchange Commission today charged brothers Jonathan and Tanner Adam with running a company $60 Million Ponzi Scheme Under the guise of an investment opportunity in cryptocurrencies. This case, which dates back to August 27, 2024, shows that challenges still exist for investors in the fast-paced and…
-
Boeing grounds 777X test fleet after finding cracks in engine mounting structure (NYSE:BA)
•
sanfel/iStock Editorial via Getty Images BoeingNew York Stock Exchange: BA) He is Grounding its 777X test fleet After inspection found cracks in the main engine mounting structure, Air current It was reported on Monday. Boeing (BA) has orders for 540 new aircraft that it plans to begin delivering. In 2025,…
-
India’s Enforcement Directorate cracks down on $890k Emoillent crypto scam
•
India’s law enforcement agency has launched a manhunt against the founders of Emoillent Coin, a dubious cryptocurrency that promised investors lucrative returns. Reports from local media He claims 2,508 investors in India have lost a total of Rs 7,343,6267 (around $890,000) in hopes of making profits from the cryptocurrency hype.…
-
Jamie Dimon says there could be ‘hell to pay’ if the swelling private-credit market starts showing cracks
•
Jamie Dimon, CEO of JPMorgan ChaseAlex Brandon/AP “It could be hell to pay” if private credit markets fluctuate, Jamie Dimon said. He warned that there are bad actors in the industry, and they are likely to be the source of any problems. “I don’t think it’s systemic, but I expect…
-
Deliveroo driver bit off customer’s thumb—now U.K. government cracks down on account sharing
•
Delivery apps Deliveroo, Uber Eats and JustEat have agreed to introduce enhanced immigration checks on people working as riders on their app after pressure from the UK government. The three platforms will increase their number Right to Work Checks After increased scrutiny of account sharing practices, leading to high-profile incidents,…