Discussing cryptocurrencies, the Managing Director stated: Indeed, Ravi considers that cryptocurrencies were not analogous to money and states MAS to refer to them by their more appropriate technical term, crypto tokens, rather than by their financial equivalent. He added: Crypto is unpredictable Given the unpredictable nature of tokens as an investment asset for individual investors, the regulator seems to have taken a tough position against their usage. As a result, he continued, that the price of cryptocurrency tokens is not based on any economic fundamentals and is vulnerable to strong speculative fluctuations, placing investors at a high risk of incurring big losses....

Following Bitcoin’s (BTC) all-time high, the price of other altcoins, such as Ethereum (ETH), has been steadily rising, which has helped to support Solana’s price. SOL is presently placed fifth in terms of trading volume among the top 100 cryptocurrencies, with over $6.8 billion traded in the last 24 hours, owing to its remarkable recent rise. Indeed, the token of the high-performance blockchain focused on DeFi, is currently trading at $202, up 8....

According to the press release, it is partnering with 14 other entities to develop the E-document Digital Transformation (DX) One Team’ with a broad goal of reducing carbon emissions. Under the project, KT will establish a blockchain-based e-document platform by building on the abilities of its existing digital platforms. The platform will handle the lifecycle of the documents from creation, storage, distribution, and application. The platform will also enable customization for the participants in the project with support for a variety of e-document services....

Indeed, the aggregate supplies of stablecoins have decreased by $30 billion over the previous month in what is the largest decline of its kind in the history of the market, according to a tweet and chart published by crypto market data aggregation and analytics platform CryptoRank on June 2. As per the chart, the supplies of stablecoins, including Tether (USDT), USD Coin (USDC), Binance USD (BUSD), DAI, UST, Paxos (PAX), and others, have dropped by 16% in May, to $160 billion....

Tesla stock price has been responding to aggressive growth plans and accelerating electric vehicle demand. Several European countries are planning to ban fossil fuel vehicle production by 2040. China, the largest electric market, also plans to ban fossil fuel vehicles from 2035 due to its lower carbon emissions strategy. Tesla stock bull case target increased on deliveries Although Tesla’s stock price rallied more than 720% in the trailing twelve months, the market analysts forecast more upside for the largest electric vehicle giant in 2021....

Several factors, including the 500K delivery target and five consecutive quarterly profits and factories expansion, played a key role in strengthening investor’s sentiments. The inclusion into the S&P 500 index was among the biggest milestones of Tesla in 2020. Tesla stock could hit $1000 Although Tesla performed significantly well in 2020, expectations for 2021 are significantly high. The market analysts believe Tesla will reach its 2020 delivery target, and it is well set to hit the 1 million deliveries milestone in 2022....

In a press statement, the regulator said most of the calls were illegally spoofed to sell short-term, limited-duration health insurance plans from firms like Blue Cross Blue Shield and Cigna. The spoofed calls mean there was a misrepresentation of caller ID information, something against the law. The commission adds that cases of robocalls on health insurance began rising in 2018. Approximately 23.6 million calls went out daily across networks of the four largest wireless carriers....

In 2022, all taxpayers who benefit from cryptocurrencies, including investors and mining operators, will be liable to a 15% withholding tax, although digital asset exchanges would be excluded from such obligations, according to a report published on January 6 by The Bangkok Post, citing an anonymous source inside the Finance Ministry. The Revenue Department wants to strengthen its supervision of cryptocurrency trading this year. Section 40 of the Royal Decree modifying Revenue Code No....

As of February 8, 2022, the total Cardano transactions stood at 30.4 million, an addition of over four million transactions since January 10, 2022, data by Google Data Studio indicates. In the first eight days of February, Cradano has added a whopping 894,940 transactions. The new transaction milestone aligns with Cardano’s projected increase in network activity due to a spike in adoption. The expected growth saw Cardano’s parent company, Input Output Hong Kong (IOHK), announce an increase in block sizes with a focus on optimizing scalability....

In May, the three social networks registered higher downloads compared to August but TikTok remained dominant with 72.8 million. The downloads were more than compared to Instagram and Facebook which had 38.5 million and 31.4 million downloads respectively. The downloads were recorded on both Android and Apple App Store. The Finbold.com research also overviewed countries driving the growth of TikTok this year. India accounts for the highest figure at 99....

Meanwhile, the most prominent crypto billionaire have together suffered a combined loss of $112.7 billion only in one year. Finbold has identified the five most prominent names in the cryptocurrency sector, together with their total net losses, according to the findings of Statista as of December 1, 2022. Notably, the founder and CEO of Binance, Changpeng Zhao (CZ), was the crypto billionaire who sustained the largest net losses following the crypto crisis of 2022, with a net worth drop amounting to $82 billion....

In a detailed YouTube video, Dan Reich, an electrical engineer, explained how he managed to crack a Trezor One hardware wallet containing more than $2 million worth of cryptocurrency. The wallet owner had spent $50,000 worth of Bitcoin on Theta (THETA) tokens in 2018. The tokens were held on a China-based exchange. The cryptocurrencies were transferred to the hardware wallet following the digital currency crackdown in China; however, he forgot the PIN....

Meanwhile, Tesla is looking to double its sales in Germany to 80,000 vehicles from 39,714 a year ago, according to a Bloomberg report. Through the end of August, the electric-vehicle (EV) manufacturer managed to sell 24,734 vehicles in Germany, meaning that it will is well below the desired pace. Even so, on September 18, Citigroup (NYSE: C) published a list of the best buy and sell stocks across all sectors, focusing on quality and momentum....

In particular, the decision and order on motion with the ‘leave to file’ decision was posted by Crypto Whale, who tweeted the documents on May 17. In February, attorneys representing the stablecoin issuer Tether and its parent firm, iFinex, struck back against CoinDesk by entering a court lawsuit between the publication and the office of the New York attorney general’s office (NYAG) stating: Tether is the biggest stablecoin issuer in the crypto markets, with more than $74 billion worth of tokens in circulation and accounting for almost half of all transactions against Bitcoin on centralized exchanges, according to CoinMarketCap data....

Speaking during an interview with CNBC, Siegel suggested that Bitcoin’s status has been influenced mainly by millennials who consider cryptocurrency as a substitute. In recent months, amid soaring inflation figures, both Bitcoin and gold have been pitted against each other as the attractive hedge. Siegel acknowledged that gold has been the favorable hedge against inflation historically, but Bitcoin has the upper hand in the current environment. However, Siegel added that gold is still a good investment option despite slightly falling behind....

A statement from the West Midlands police indicates that officers were executing a drug warrant at an industrial unit in Sandwell for a suspected cannabis farm. Still, it turned out to be a bitcoin mining facility. According to officers, the building ticked all the boxes for a cannabis farm following a tipoff that the facility was recording high human traffic alongside extensive wiring and use of ducts. Furthermore, a drone had picked up a heat source from the building....

The observation from Nigel Green, founder and chief executive of deVere Group, which has $12bn under advisement, comes as it is revealed that the UK economy suffered its biggest drop on record between April and June as coronavirus lockdown measures pushed the country officially into recession. The economy contracted by 20.4% compared with the first three months of the year. Mr Green notes: “As was expected, Britain is now officially in recession....

HMRC claims to be the first agency in the UK to seize an NFT, and that three persons have been detained on suspicion of trying to cheat the government of £1.4 million ($1.9 million). Additionally, the tax authorities confiscated £5,000 worth of cryptocurrency (roughly $6,762) and three unvalued NFT artworks, according to a report by BBC News. As per HMRC’s deputy director of economic crime, Nick Sharp, the authority “constantly adapt[s] to new technology to ensure we keep pace with how criminals and evaders look to conceal their assets....

The deal now expands Fiserv’s digital capabilities, enhancing its suite of integrated solutions. With the integration of Ondot, Fiserv will help clients spur digital customer acquisition, drive digital commerce, increase card activation, and usage. Fiserv will also leverage on Ondot’s data enrichment that organizes and identifies the transaction and merchant data. This capability allows customers to recognize their purchases easily. The acquisition comes barely two years after Ondot was awarded an undisclosed strategic investment from Citi Ventures....

The German carmaker said that its operating profit before special items in the third quarter is down by 12.1 percent to €2.8 billion, or equivalent to about $3.2 billion, compared to the same period last year, which was also marked by weak sales due to the pandemic. In a statement published on Thursday, the company also revealed that its operating return on sales dropped from 5.4 percent to 4.9 percent....