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Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving…
TSMC’s August Revenue Climbs 33% as AI Chip Demand Holds Up
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s revenue rose 33% last month, in a positive signal to investors betting on a smartphone market recovery and sustained demand for Nvidia Corp.’s AI…
European Futures Steady as Traders Await US CPI: Markets Wrap
(Bloomberg) — European futures were steady with the dollar holding onto its gains, as traders awaited US inflation data due this week for clues on the size of the Federal…
Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to…
US election is just one risk among many for nervous stock market
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple…
Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023
During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made…
Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising…
Vanished Banker Loses $750 Million in China’s Unending Crackdown
(Bloomberg) — In the go-go years when China minted a billionaire every two days, banking rainmaker Bao Fan almost reached that milestone himself. Most Read from Bloomberg His skill in…
Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for…
‘Don’t buy the tech dip:’ Where to invest instead as the market gets more volatile, BofA says
Getty Images; Jenny Chang-Rodriguez/BI Market volatility will stay elevated for years to come, Bank of America says. The firm recommends avoiding the urge to buy the ongoing dip in tech…
SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors…
1 Ultra-High-Yield Dividend Stock You’ll Want to Have on Your Radar as Rate Cuts Loom
One of the most prominent themes of monetary policy over the last few years is an intense scrutiny on interest rates — and for good reason. In 2022 and 2023,…
1 No-Brainer Cathie Wood Fintech Stock to Buy Hand Over Fist Right Now for Just $7
Two weeks ago, Wall Street and retail investors alike held their breath as Federal Reserve Chairman Jerome Powell took the stage at the Economic Symposium in Jackson Hole, Wyoming. While…
Binance-Backed Tokocrypto Achieves Major Milestone With Indonesian License
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti),…
2 auditors miss $27M Penpie flaw, Pythia’s ‘claim rewards’ bug: Crypto-Sec
Pythia hit with reentrancy attack Decentralized finance protocol Pythia Finance was drained of $53,000 via a reentrancy attack on Sept. 3, according to a report from blockchain security firm Quill…
Here’s the ‘magical’ moment Goldman Sachs sees for tech stocks
To get big tech stocks powering higher again, it will take the convergence of two factors, says Goldman Sachs’ veteran tech analyst Kash Rangan. The magic formula is a steady…
Trump Victory Could Boost Bitcoin to $90K — Harris Win Might Sink BTC to $30K Level, Says Bernstein
Bitcoin may rise to $90,000 by the end of the year if former U.S. President Donald Trump wins the presidential election, according to brokerage and research firm Bernstein. The firm’s…
Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000
Este artículo también está disponible en español. 10x Research, a digital asset research platform for traders and institutions, has unveiled a foreboding forecast for the price of Bitcoin (BTC). Highlighting…
Intel faces ‘uphill battle’ as its stock hovers near record lows: Goldman Sachs analyst
The road ahead for struggling Intel (INTC) is uncertain at best as its stock hovers near record lows. Intel faces an “uphill battle” to turn itself around and compete with…
FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost, 71% From Investment Scams
The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted…
Nvidia stock sell-off is overdone, Goldman Sachs analyst says
Goldman Sachs isn’t scared off by the latest Nvidia (NVDA) sell-off. Nvidia shed roughly $400 billion in market value last week after the stock fell nearly 10% on Tuesday. The…
TEPCO Subsidiary Ventures into Bitcoin Mining Using Surplus Solar Energy
A subsidiary of Tokyo Electric Power Co. (TEPCO), Agile Energy X, is venturing into Bitcoin mining to utilize wasted renewable energy. The Tokyo-based company is experimenting with using surplus solar…
Trump-Harris Debate Expected to Drive Crypto Volatility, QCP Capital Says
QCP Capital notes that the highly anticipated debate between former President Donald Trump and current Vice President Kamala Harris may have a significant impact on the crypto market. Both figures,…
Why Nio Stock Continued to Soar Today
Shares of Chinese electric vehicle (EV) maker Nio (NYSE: NIO) have been flying recently. Nio’s American depositary shares were up by 11.1% as of 3:50 p.m. ET today. That brings…