Apple’s Historic $110B Stock Buyback Amid Revenue Dip
Apple’s Historic $110B Stock Buyback Amid Revenue Dip Quick Look: Apple’s Record Buyback: Announced a $110 billion stock repurchase, signalling potential confidence in an undervalued stock. Revenue Concerns: Slight uptick in sales, but facing continued declines, especially in key markets like China. Market Challenges:
Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer
The Hong Kong Securities and Futures Commission has issued a warning regarding deepfake scams infiltrating the cryptocurrency industry. The commission revealed that a group operating under the name Quantum AI or AI Quantum resorted to using deepfake videos of renowned entrepreneur
Metaplanet Adopts Bitcoin as Reserve Asset Amid Japan’s Debt Burden
Japanese investment and consulting services company Metaplanet has adopted Bitcoin (BTC) as its strategic treasury reserve asset. The move comes at a time when Japan is facing high debt burden and a volatile national currency – yen. Metaplanet said in a
North Korean Hackers Kimsuky Deployed Malware Targeting Crypto Firms: Kaspersky
North Korea’s notorious Kimsuky hacking group, also known as APT43, has been reportedly launching cyberattacks on two South Korean crypto firms using a previously undocumented Golang-based malware named – Durian. Per findings from cybersecurity solutions giant Kaspersky, Durian is characterized by
Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case
The Public Security Bureau of Panshi City in Jilin Province has cracked down on an illegal operation involving underground banks and virtual currencies. The case, which involved approximately 2.14 billion yuan (around $300 million), led to the arrest of six individuals
Turkey’s Crypto Regulations Ready for Parliament, Draft Prioritizes Consumer Protection and Global Standards
Lawmakers in Turkey are reportedly set to submit a draft law on crypto regulation to the parliament this week. Local outlet Daily Sabah reported Sunday that the Ruling Development and Justice Party’s (AK Party) chairperson hosted a meeting to conclude preparations
Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?
Bitcoin Price Prediction Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum. The decline is largely
Hong Kong’s New Spot Bitcoin ETFs Attract Investors from Mainland China
The Bitcoin Asia 2024 conference in Hong Kong attracted a large crowd of enthusiasts and especially investors from mainland China. According to a recent report by the South China Morning Post, the organizer estimated that out of the 5,500 people who
Billionaire Mark Cuban Endorses CFTC Regulation for All Cryptocurrencies
“Shark Tank” investor Mark Cuban advocated for the Commodities and Futures Trading Commission (CFTC) to oversee all cryptocurrencies. He was responding to Republican presidential candidate Donald Trump’s crypto endorsement on social media, urging the US to stop hindering its development. “If
Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners
Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12. The media outlet Izvestia said the Russian Government Expert Council was preparing to send fresh