The Texas State Securities Board greatly damaged a fraudulent Arkbit cryptocurrency cloud mining operation on with a May 28 cease and desist order against Arkbit Capital for engaging in deceptive practices to perpetrate an alleged investment fraud. The order revealed that the Texas State Securities Board, led by Financial Examiner Alexis Cantrell, uncovered Arkbit’s false...
The Malaysia stock market has moved lower in back-to-back sessions, dropping almost 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,640-point plateau and it may take further damage again on Friday. The global forecast for the Asian markets is fairly flat ahead of key U.S....
One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year. Per a 13F filing with the Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB) held $99 million in the iShares Bitcoin Trust...
Auto major General Motors Co. is laying off more than 1,000 salaried employees in its software and services division across the world, mostly in the U.S., with a view to streamlining its operations, reports said. In the proposed layoffs of software engineers, more than 600 will be at GMs tech campus in Michigan. The job...
The Indonesia stock market bounced higher again on Thursday, one day after ending the three-day winning streak in which it had advanced more than 80 points or 1 percent. The Jakarta Composite Index now rests just above the 7,900-point plateau and its looking at another strong start again on Friday. The global forecast for the...
The Hong Kong stock market has moved lower in two straight sessions, tumbling almost 550 points or 3 percent in that span. The Hang Seng Index now rests just above the 17,725-point plateau although it\'s likely to find traction on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news and...
Malaysia will on Monday release preliminary Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 5.9 percent on year. Taiwan will provide September figures for export orders; in August, orders were up 9.1 percent on year. New Zealand will see September numbers...
OpenAI, the maker of popular chatbot ChatGPT, announced the launch of canvas, a new interface for working with ChatGPT on writing and coding projects, more than the simple chat. Canvas, the new way to interact with ChatGPT, opens in a separate window, allowing the users and ChatGPT to collaborate on a project. According to the...
Following yesterday\'s tamer-than-expected consumer price inflation data, the Labor Department released a report on Friday showing producer prices in the U.S. increased by slightly more than expected in the month of June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in...
Tether coin. Source: Adobe Amid struggles to maintain access to the global banking system, the companies behind Singapore-based USDT stablecoin issuer Tether used a mixture of fraudulent documents, obscured identities and shell companies, according to a new bombshell report by the Wall Street Journal. USDT’s value is pegged to the US dollar and backed 1:1...