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Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub. In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at the time of publication…
The United States Securities and Exchange Commission (SEC) has indicted 11 people for creating and promoting a fraudulent crypto pyramid and Ponzi scheme. The authority issued a press release on August 1, stating that the $300 million crypto-pyramid scheme involved perpetrators from multiple countries. The lawsuit was filed in the United States District Court for…
Who is Spoofy? Spoofy is a mysterious trader allegedly involved in manipulating cryptocurrency exchanges. Spoofy is named after identity thefta strategy considered illegal in stock exchanges. Key points to remember Spoofy is the name given to an unknown trader who, in 2017, was suspected of manipulating prices on the Bitfinex trading platform. The name “Spoofy”…
The coronavirus pandemic has put life insurance at the top of the priority list for many Americans. Last year, a third of consumers said they had bought or planned to buy new or additional life insurance, according to a Lincoln Financial survey. Key points to remember Life insurance applicants without COVID-19 risk factors will see…
Credit card debt continued to fall in the United States, falling to $978.8 billion in November, the Federal Reserve reports.The latest numbers are part of a steady decline since the coronavirus pandemic began in March. Credit card debt had reached an all-time high in February 2020, reaching $1.0943 trillion. Key points to remember Credit card…
Key points to remember EPS was $1.19 versus $1.37 expected by analysts. Global paid streaming subscriptions exceeded expectations. The turnover corresponds to expectations. Netflix said it was “very close” to having sustainably positive free cash flow and was considering buyouts. What happened After a major disappointment last quarter, Netflix reported higher-than-expected subscriber growth on January…
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