Tim Cook has praised Apple’s symbiotic relationship with China despite rising trade and geopolitical tensions between Beijing and the US, and the iPhone maker’s own moves to diversify from the country. In his first visit to China since the pandemic began in 2020, the Apple chief said the company would this year celebrate its 30th
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The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server. On March 25, blockchain-focused security firm CetriK revealed the possibility of a phishing link being circulated via the Arbitrum Discord server. It is suspected that a hacked Discord account of one of
Rubbing elbows with the Southern California coastline cities of Redondo Beach and Manhattan Beach is the more relaxed community of Hermosa Beach. With a laid-back beach town vibe and an active nightlife scene, the city offers 94 acres of public beach along nearly 2 miles of oceanfront. Sharing this strip of sand with swimmers, surfers
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with the U.S. dollar-pegged
A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system. Priority Given to Depositors According to
Gordon Moore, one of the founders of US chipmaker Intel and a central figure in the history of Silicon Valley, has died at the age of 94. Moore’s early insight that the cost of electronics would plunge, turning digital technology into a part of everyday life, made his name a byword for the rapid and
A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH,
Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen and Brady’s Shareholding in FTX Gisele Bundchen, a fashion model and the estranged wife of
“No one becomes a murderer more easily than a fatherland,” wrote Friedrich Dürrenmatt, Switzerland’s national playwright. Last weekend, the country killed one of its own. At a hastily convened press conference in the capital Bern on Sunday evening, the government and regulators announced Credit Suisse’s 167-year run as one of the pillars of Swiss society
Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) and Web3,” said the government
The Hollywood Hills home that once belonged to actress Emily Blunt and her husband, actor John Krasinski, is back on the market for $6 million. The couple bought the 3,657-square-foot Hollywood Hills home in 2014 for $2.57 million and spent the next two years adding their own unique style to the four-bedroom home. Located above
Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds rate.” Doubleline CEO on Fed Rate Cuts and Recession Jeffrey Gundlach, chief executive
Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail
A nearly 13,000-square-foot villa in North Rome bears a decidedly modernist imprimatur: the Gucci family name. Built by Aldo Gucci―son of Gucci dynasty founder, Guccio Gucci―the 1951 home is priced at €15 million ($15.885 million) and being sold by two of Aldo Gucci’s grandsons, the owners. The seven-bedroom property has six carved marble fireplaces, a
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit Default Swaps Jump to 4-Year
Britain’s oil and gas companies are next week expected to be offered the prospect of windfall tax relief, as prime minister Rishi Sunak looks to boost investment and improve the country’s energy security. Ministers have been discussing with the sector a promise that the 35 per cent windfall levy on profits would cease to apply
The US Securities and Exchange Commission has raised concerns over Rokos Capital Management after the hedge fund was forced to hand over large amounts of cash to its banks as collateral when an outsized bet on US government bonds backfired earlier this month. SEC chair Gary Gensler brought up the hedge fund during calls with
On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which gained 2.1% as Bitcoin surpassed the $28,000 threshold. On March 22, the Federal Reserve raised its benchmark interest rate by 0.25%, but hinted that it
Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks! And let’s not forget about
EY’s global chair told its 13,000 partners around the world they have a “right” to vote on the plan to split the firm, in a memo sent just hours after the firm’s US boss declared it “premature” to say if the deal could be salvaged. The competing messages highlighted tensions between the accounting giant’s global
George Gatch, chief executive of JPMorgan Asset Management, offered a bracing assessment last Tuesday of his approach to global markets. Investors were reeling from the previous weekend’s emergency rescue of Credit Suisse. The bank’s shotgun wedding with historic arch rival UBS had been announced on Swiss television on Sunday evening with all the joy and