Bitcoin's Renewed Euphoria As Price Keeps Rising
Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.
Trading Unicoins For Land In The Bahamas
The UAE and Dubai are facing strong competition from The Bahamas and Nassau for the title of cryptocurrency capital of the world.
EU Cuts Eurozone Inflation, Growth Forecasts For 2024
The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy.
Germany Overtakes Japan As Third-biggest Economy
Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade.
US Treasury: Dollar Alternatives Not Seen As Primary Illicit Finance Threat
US Treasury Department suggests that while dollar alternatives are emerging, they do not currently pose a major threat in illicit finance activities.
Ex-government Officials Urge Congress To Strike Down Warren Bill Targeting Crypto Laundering
Former national security and military professionals joined the Blockchain Association in urging congressional leaders to block Sen. Elizabeth Warren's proposed DAAMLA, which seeks to put more guardrails on crypto firms.
Bitcoin 'Specifically Referenced' In Suspected Child Exploitation Activities: US Treasury
Bitcoin has been linked to transactions associated with suspected human trafficking and child exploitation activities, a new analysis by the U.S. Treasury Department revealed.
Most Of Asia Tracks Wall St Down As US Data Dents Rate Cut Hopes
Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.
Bitter Year For Heineken As Inflation Hits Profits, Beer Sales
Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in "challenging market conditions" including high inflation.
Bitcoin Breaks $50,000 For First Time Since 2021
Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.
New Zealand's Central Bank Governor Slams Stablecoins As 'Biggest Misnomers'
The governor of New Zealand's central bank does not trust the stability of stablecoins, nor does he think they can be like fiat currencies that have parliamentary authority behind them.
Celeb-packed Super Bowl Ads Hope To Outshine Taylor
The Super Bowl is here and that means millions of Americans will sit down on Sunday to partake in a national passion: watching commercials on TV.
The final of the NFL season -- pitting the Kansas City Chiefs against the San Francisco 49ers -- is the US advertising industry's biggest event of the year.
Rumours Swirl Over Bitcoin Inventor Nakamoto's Identity
An Australian man went on trial in London this week over his claims of inventing bitcoin -- not the first time someone has been linked to being the cryptocurrency's enigmatic creator.
US Treasury Warns About Crypto Transaction Concealment Methods
The U.S. Treasury Department said in its 2024 National Money Laundering Risk Assessment report that cybercriminals are fast evolving their methods in laundering illicit funds, especially with the proliferation of "privacy coins" and "mixers."
Kosovo Says Serbian Dinar 'Not Banned' But Only Euros Legal
The Serbian dinar is not officially "banned" in Kosovo, Prime Minister Albin Kurti told AFP on Wednesday, but he emphasised that only the euro is legal tender for commercial transactions.
Yellen Says US Commercial Property Concerns 'Manageable'
US Treasury Secretary Janet Yellen expressed concern Tuesday about the commercial real estate sector in the current environment of higher interest rates -- but added that the overall situation should be "manageable."
Innovation Island: Singapore Is Poised To Be The World's Next Wealth Capital
Singapore's rise is underpinned by its strategic geographical location and business-friendly regulatory environment, along with its emerging role as a new focal point for Asian finance and world-class lifestyle.
Chinese 'Swifties' Shake It Off At Beijing Watch Party
Waving glow sticks, and wearing sequin dresses and friendship bracelets, Chinese fans of American pop sensation Taylor Swift turn a normally-quiet Beijing cinema into a raucous celebration of their favourite singer.
Khan's Party Navigates Pakistan Blackouts To Keep Campaign Alive
Former prime minister Imran Khan's party has redefined election campaigning in Pakistan with its social media rallies and use of AI technology in a bid to sidestep a nationwide crackdown that has followed it online.
Did Australian Invent Bitcoin? UK Court Examines Claim
A court case starting in London on Monday will seek to determine whether Australian computer scientist Craig Wright invented bitcoin, the world's first and biggest cryptocurrency.
US Charges 3 In $400 Million Sim-Swapping Hack Linked To FTX
A U.S. court has charged three individuals for staging a SIM-swapping hack that reportedly victimized FTX, Sam Bankman-Fried's fallen crypto exchange.
Nayib Bukele, El Salvador's Unapologetic 'Dictator'
El Salvador's gang-busting President Nayib Bukele has proudly embraced the monicker of "dictator" and breezily shrugs off criticism of human rights transgressions.
Cuba Delays 500% Fuel Price Hike Over 'Cybersecurity' Incident
Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.
Is Citibank's Security Leaving Customers At Risk? AG Launches Lawsuit Over Alleged Negligence
Citibank faces a lawsuit from the NY Attorney General, Letitia James, for alleged negligence in protecting customers from scams, and reimbursing fraud victims.
Kosovo Delays Enforcing Ban On Serbian Currency
Kosovo said Wednesday that it will not immediately enforce a ban on the use of the Serbian dinar there after an outcry from Western governments.
Waiting Out Bukele's 'Bitcoin City' On A Salvadoran Beach
When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed by cryptocurrency bonds, American Corbin Keegan packed up his life in Chicago and headed for El Salvador.
Kosovo Ban On Serbian Dinar Risks New Crisis
Kosovo may be on the verge of a fresh crisis after the government threatened to ban the use of Serbian money this week, with a chorus of Western countries warning it could ignite a firestorm.
Eurozone Narrowly Dodges Recession
The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.
Holding The Line: Tesla Stays Resolute On Bitcoin In Q4 Earnings Report
Tesla Inc.'s fourth-quarter report noticeably omitted any mention of Bitcoin-related activities, underlining the company's continued ownership of its significant Bitcoin holdings, totaling 9,720 BTC.
ECB Stands Pat And Urge Patience On Rate Cuts
The European Central Bank decided to stand pat Thursday and call for patience in the ongoing battle against inflation, pushing back against market hopes of rapid interest rate cuts.