High-yield ETFs drive retail investor frenzy for quick profits
A surge in demand for high-yield ETFs (Exchange-Traded Funds), boasting returns as high as “100%”, is fueling a rush among retail investors eager for rapid gains. These fast-return funds have gained significant traction, appealing to those seeking short-term profits in a turbulent economic climate where traditional investments have faltered. This trend reflects the growing appetite […]
Four crypto market makers face fraud and market manipulation charges
Prosecutors have filed charges against four cryptocurrency market makers and several of their employees, accusing them of market manipulation and fraud. The defendants allegedly manipulated digital asset prices and trading volumes, deceiving investors and profiting from distorted market data. This case represents a significant step in the government’s ongoing efforts to combat fraudulent activities in […]
Chinese stocks see volatility as traders await Finance Ministry announcement
Chinese stocks experienced increased volatility on Wednesday as traders remained cautious ahead of a critical briefing from the Ministry of Finance (MOF). The market is on edge, with investors waiting for possible policy updates that could impact the direction of fiscal measures aimed at supporting China’s slowing economy. Investors are eagerly watching for signs of […]
Australian dollar drops as markets await key US inflation data
The Australian Dollar extended its losses on Wednesday as traders grew cautious ahead of the US Consumer Price Index (CPI) report, a crucial indicator of inflation in the United States. The CPI data is expected to provide important clues about the Federal Reserve’s stance on future interest rate hikes, which could further shake global currency […]
Dollar nears two-month high as Federal Reserve outlook shifts ahead of inflation report
The US Dollar held close to its highest level in two months on Thursday as expectations for imminent rate cuts from the Federal Reserve eased ahead of key inflation data. Investors are awaiting the latest Consumer Price Index (CPI) figures, which are expected to influence the Fed’s stance on monetary policy, reducing the likelihood of […]
Peter Todd takes on Bitcoin’s hidden bugs in a bid to strengthen the network
Cryptographer Peter Todd, a former Bitcoin Core developer, is working to address several long-standing bugs in Bitcoin’s original code, an effort aimed at reinforcing the security and stability of the cryptocurrency that has come to dominate global digital finance. Some of these bugs date back to Satoshi Nakamoto’s initial design of the protocol, left unresolved […]