A Chinese fund manager has touted its fund’s cryptocurrency exposure in an effort to draw investors amid a historic bitcoin boom, even as Beijing maintains a hostile stance towards the digital assets. A fund advertisement that read “Cryptocurrencies soaring, start investing with 10 yuan” was spotted on Alipay, Chinese fintech giant Ant Group’s mobile wallet … Read more
Last Updated:November 20, 2024, 15:59 IST Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled this year. Cryptocurrencies have soared since the November 5 US election as traders bet President-elect Trump’s promised support for digital assets would lead to a less restrictive regulatory regime. Bitcoin rose to a record high above $94,000 as … Read more
Last Updated:November 11, 2024, 14:48 IST Bitcoin hit the $81,000 mark first time in history in the early morning, at around 7 am, on Monday. Soon after, it surpassed the $81,500 mark to touch its record high of $81,801. Bitcoin reached a historic $1.6 trillion market capitalisation. The price of Bitcoin on Monday touched its … Read more
Last Updated:November 11, 2024, 06:35 IST Bitcoin has surged 80 per cent this year and 30 per cent since Trump’s victory, surpassing equities and bullion gains. The trading volumes in Bitcoin have risen by 350 per cent within a week since the US election results. Surging after Donald Trump’s victory in the US presidential elections, … Read more
The Mahadev scam, which exposed the dark underbelly of India’s illegal online betting apps, did not end with the closure of the shady application, few arrests, and tracing a money trail from Chhattisgarh to Dubai. More than two dozen offshore gaming applications are currently under the scanner of the Enforcement Directorate (ED) for remitting and … Read more
Cost of Living5:08Trade you a breadmaker for banana bread? When Samantha Fanning was expecting her second child, the room that would become the baby’s nursery needed a major glow-up. But as a professional photographer and at the time a single mother, Fanning didn’t have room in her schedule — or the painting skills required — to transform … Read more
Chinese selfie apps giant Meitu said new image-and-video-editing tools powered by artificial intelligence (AI) helped the company triple its profits last year, in stark contrast to how many other firms struggle to monetise the technology through their own generative AI initiatives. Citing its preliminary assessment of unaudited accounts, Hong Kong-listed Meitu estimated net profit last … Read more
A view of the Supreme Court. | Photo Credit: ANI The Centre has told the Supreme Court it is yet to take a decision on a mechanism to regulate cryptocurrencies and effectively investigate related offences. A bench of justices Surya Kant and K.V. Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the … Read more
Warehouse stores in Canada aren’t just selling large quantities of toilet paper these days — gold bars and coins and other precious metals are moving out of the realm of banking and jewellers and into their aisles. With gold hitting record-high prices in recent weeks, the metal’s popularity has been reflected at retailers, too. According to Costco’s chief financial officer, … Read more
Chinese authorities have called for a tougher crackdown on the use of cryptocurrencies as a tool for illegal foreign exchange trading in the latest effort to fend off financial risks. Prosecutors and forex regulators were told to strengthen supervision over foreign exchange, and cases where the Tether stablecoin was used as an intermediary to trade … Read more
