Hong Kong resident Alan Chew* was aware that scamming had become rampant and believed he had done everything right after coming across an online investment opportunity. Yet, over four months from last October, he lost HK$1.3 million (US$145,100) of his life savings to scammers who persuaded, cajoled and threatened him over WhatsApp messages into parting…
Cryptocurrency-linked stocks sank on Monday after a Chinese AI model shook investors, sparking a retreat from risky assets and pummeling shares of companies that were set to benefit from demand for AI data centers. Shares of the crypto-mining firm Core Scientific fell around 30%, while fellow mining companies like Hut 8, Riot Platforms and Cipher…
Elon Musk has initiated conversations about using blockchain technology at the new Department of Government Efficiency, according to people with knowledge of the discussions. It’s the latest sign of the Trump administration’s efforts to bolster the digital asset industry. Musk, who heads the DOGE effort, has mused to close allies about the idea of using…
Olga Kharif sizes up some new competition for crypto-native companies in the next presidential administration. Crypto-native firms are expected to flourish as a result of a more favorable regulatory regime under President-elect Donald Trump. This lighter regulation, however, may end up being a dual-edged sword. Source link
Bitcoin dropped almost 7% for a short while a day after an historic surge past $100,000 led some traders to hedge for a retreat. The digital asset fell as low as $92,144 on Friday before steadying at $97,325 at 9:05 a.m. in Singapore. Volatility hit the wider crypto market too amid a hiatus in a…
The price of Bitcoin surged above the $100,000 mark on Wednesday for the first time, and one man thinks he’s the reason for it. AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” President-elect Donald…
Businesses in Hong Kong are gearing up to expand and hire more employees next year amid expectations of higher revenue in a recovering economy, according to a survey by a professional accounting body. More than half of Hong Kong-based executives, accountants and other finance professionals expect a revenue increase at their firms next year, and…
Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance. The digital asset rose nearly 6% in the US to a record $93,462 but failed to hold the climb, falling back to $89,974 as of 10:28 a.m….
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. The largest token has jumped about 30% since the US election on Nov. 5 and reached an all-time high of $89,599 in early…
European markets on the rise despite US trade concerns. Chinese stimulus and inflation worries drive Hang Seng weakness. Crypto stocks in focus, while traders look ahead to US CPI release. European markets are enjoying an upbeat start to the week, with the uncertainty around trade relations with the US seemingly being put on the backburner…