Federal Reserve Chair Jerome Powell is expected to maintain the central bank’s aggressive support of the US economy, despite having spied “light at the end of the tunnel” from the Covid-19 pandemic. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of its two-day policy meeting … Read more
Mumbai: Bullish bets on bitcoin has emerged as the most crowded trade for the first time since October 2019, according to a survey of fund managers by Bank of America Securities. About 36 per cent of the respondents identified ‘long bitcoin’ as the most crowded trade. A total of 217 fund managers with $596 billion … Read more
Vibhor Jain, the founder of Chained Ventures, has been rather unlucky dealing with institutions providing financial services. In 2019, he had almost signed an agreement with Yes Bank to co-brand and distribute an all-in-one prepaid card designed by his fintech startup. The deal fell through as Yes Bank sank deeper into a pile of bad … Read more
Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab Emirates. His Chinese suppliers asked to be paid in the cryptocurrency, he said, for speed … Read more
Washington D.C. [USA]: Twitter has revealed that hackers may indeed have downloaded the private direct messages of up to eight individuals while conducting their Bitcoin scam, and were able to see “personal information” including phone numbers and email addresses from each account, in one of the biggest security lapses in the company’s history this week. … Read more
A Twitter hacking scheme that targeted political, corporate and cultural elites this week began with a teasing message between two hackers late Tuesday on online messaging platform Discord. “yoo bro,” wrote a user named “Kirk,” according to a screenshot of the conversation shared with The New York Times. “i work at twitter / don’t show … Read more
Absence of new economy stocks a big hindrance for Asia markets outside of China, says Mark Matthews, Head of Research, Asia. I am literally pinching myself. Look at what we were reporting in the month of March versus what we are staring at right now. In March, it was panic and it was fear and … Read more