Article: Cryptocurrency : Can Elon Musk Go To Jail For Manipulating Prices And Shilling Shitcoins?

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Cryptocurrency : Can Elon Musk Go To Jail For Manipulating Prices And Shilling Shitcoins?

Explica .co, 22 June 2021

Elon Musk’s tweets have been a bone of contention for a while now. Every time the billionaire tweeted about a coin, the price of that coin skyrockets. The Tesla CEO has been promoting coins affectionately referred to as “shitcoins” on Twitter.

Musk started with Doge in February when he tweeted Doge. Then followed by Doge is people’s crypto. This immediately caused the price of the coin to skyrocket when people started buying the coin. Elon would continue to do so with other altcoins. Continue reading “Article: Cryptocurrency : Can Elon Musk Go To Jail For Manipulating Prices And Shilling Shitcoins?”

Article: Meet The Man Behind The World’s Most Exciting Oil Play

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Meet The Man Behind The World’s Most Exciting Oil Play

Editor OilPrice.com, 22 June 2021

This is the story about an oil play that so far has lived up to its promise… Namibia is the setting… And a little-known Canadian explorer is the protagonist.

It was the speculative investment of 2020… But now we think it’s being de-risked following two successful drill results… And its stock price has been flying as a result. Continue reading “Article: Meet The Man Behind The World’s Most Exciting Oil Play”

Article: Germany’s BaFin looking into possible insider trading of CureVac shares

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Germany’s BaFin looking into possible insider trading of CureVac shares

Reuters, 21 June 2021

BERLIN, June 21 (Reuters) – German financial watchdog BaFin is investigating possible insider trading of vaccine maker’s CureVac (5CV.DE) shares, which fell after the biotech firm announced its COVID-19 vaccine proved only 47% effective, Rheinische Post newspaper reported on Monday.

BaFin will investigate whether employees at CureVac or Bayer could have used their insider knowledge of the vaccine study results and sold shares in good time, the newspaper added. Continue reading “Article: Germany’s BaFin looking into possible insider trading of CureVac shares”

Article: The Lazarus heist: How North Korea almost pulled off a billion-dollar hack

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The Lazarus heist: How North Korea almost pulled off a billion-dollar hack

BBC, 21 June 2021

It all started with a malfunctioning printer. It’s just part of modern life, and so when it happened to staff at Bangladesh Bank they thought the same thing most of us do: another day, another tech headache. It didn’t seem like a big deal.

But this wasn’t just any printer, and it wasn’t just any bank.

Bangladesh Bank is the country’s central bank, responsible for overseeing the precious currency reserves of a country where millions live in poverty. Continue reading “Article: The Lazarus heist: How North Korea almost pulled off a billion-dollar hack”

Article: Deutsche Bank Jumps Back Into Payments With Fiserv Deal

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Deutsche Bank Jumps Back Into Payments With Fiserv Deal

Patricia Kowsmann, 21 June 2021

Deutsche Bank AG wants to get back into the suddenly valuable business of digital payments, nearly a decade after getting out of it.

Germany’s largest lender is setting up a joint venture with U.S. payments giant Fiserv Inc. to offer customers payments-processing services. The joint venture will allow Deutsche Bank’s business clients to accept payments from customers, both in person and digitally, through Fiserv’s platform called Clover, which reads credit cards, debit cards and mobile wallets, and records orders and inventory. Continue reading “Article: Deutsche Bank Jumps Back Into Payments With Fiserv Deal”

Article: Hong Kong police break up triad-run gambling syndicate that took in billions in bets this year

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Hong Kong police break up triad-run gambling syndicate that took in billions in bets this year

Clifford Lo, 21 June 2021

A triad-controlled Hong Kong bookmaking syndicate that took in more than HK$3.4 billion (US$438 million) in illegal bets on horse racing and football matches in the first four months of this year was broken up in a series of raids on Sunday.

Police on Monday revealed 18 people were arrested in the raids, which a force insider said had netted what he believed to be the largest amount of illegal betting records seized in a single operation in a decade. Continue reading “Article: Hong Kong police break up triad-run gambling syndicate that took in billions in bets this year”

Article: Amount of money lost by victims of romance scams jumps 140 per cent in first four months, Hong Kong police say

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Amount of money lost by victims of romance scams jumps 140 per cent in first four months, Hong Kong police say

Clifford Lo, 21 June 2021

The amount of money that victims of romance scams lost to criminals jumped 140 per cent in the first four months of the year and reached HK$196 million (US$25.24 million), Hong Kong police revealed on Monday.

Authorities warned the public to remain cautious when seeking out new partners on the internet, noting more people were falling for the deceptions. The force said 517 people succumbed to the ploys between January and April, compared with 267 during the same four months in 2020 – an increase of 93 per cent. Continue reading “Article: Amount of money lost by victims of romance scams jumps 140 per cent in first four months, Hong Kong police say”

Article: How the European Union Could Soon Force America into the ‘Great Reset’ Trap

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How the European Union Could Soon Force America into the ‘Great Reset’ Trap

Justin Haskins, 21 June 2021

In June 2020, the World Economic Forum — working alongside officials from large corporations, banks, financial institutions and activist groups — launched a far-reaching initiative that aims to push the “reset” button on the global economy. They ominously called it the “Great Reset,” and since its creation, it has received a massive amount of support from leaders of the ruling class, both here in the United States and around the world.

The Great Reset has two primary components. The first is an expansion of government programs, taxes and regulations, which together affect virtually every industry in the world, from oil and gas to health care and technology. Continue reading “Article: How the European Union Could Soon Force America into the ‘Great Reset’ Trap”

Article: AMC FUD Runneth Over: Panic at the Casino!

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AMC FUD Runneth Over: Panic at the Casino!

Kevin Cook, 21 June 2021

My Marine son made over 300% on his AMC Entertainment (AMC) shares this month that he bought in the teens. And even though he never called himself an “ape” as the kids do, he was following a lot of intel from message boards like Reddit’s WallStreetBets.

It all started when he returned home from a deployment in the Middle East before Thanksgiving. He and his wife were getting more interested in investing options as their savings accumulated. I had already helped him pick some long-term funds a few years prior, but wanted to get them exposed to the cutting-edges of technology in ARK Invest funds like the ARK Innovation ETF (ARKK). Continue reading “Article: AMC FUD Runneth Over: Panic at the Casino!”

Article: ECB Executive: Digital Euro Can Protect Privacy Better Than Private Alternatives

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ECB Executive: Digital Euro Can Protect Privacy Better Than Private Alternatives

Rahul N., 21 June 2021

Fabio Panetta, a member of the executive board of the ECB, was interviewed by the Financial Times, saying that the digital euro was more capable of protecting privacy than private alternatives. The interview begins with the privacy question and how measures can be placed without making room for money laundering, tax evasion, and other illicit activities. The ECB executive was blunt in his response, saying that there was no self-serving interest from the bank.

In his remarks, Panetta said that one major reason why the digital euro would be better for privacy was because the financial institution had no interest in storing or monetizing user data. The comment follows a survey conducted by the European Central Bank (ECB) where they learned that privacy was a large concern for European citizens. Continue reading “Article: ECB Executive: Digital Euro Can Protect Privacy Better Than Private Alternatives”

Article: Is repo madness predicting a crack-up?

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Is repo madness predicting a crack-up?

Rick Ackerman, 21 June 2021

[The following was written by a San Francisco friend from the hedge fund world, Shawn Brown. It buttresses the suspicion that while there seems to be plenty of credit money available for speculation, the collateral behind it is getting thinner and shakier by the week. The Fed, with $8 trillion of Treasury paper and other top-shelf collateral on its balance sheet, has monopolized the supply, leaving lending banks to scramble for collateral for their own that hasn’t already been hocked twentyfold. As a result, central bank interventions are becoming more frequent, more complex and bigger, to the point where even the experts are having trouble determining whether the banking system is headed for a crack-up far larger than the one that took down Archegos a few months ago. RA] Continue reading “Article: Is repo madness predicting a crack-up?”

Article: Former SEC chair on the market risks even meme stock traders can’t afford to ignore

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Former SEC chair on the market risks even meme stock traders can’t afford to ignore

Eric Rosenbaum, 20 June 2021

The Wall Street establishment and the Reddit, Robinhood-fueled meme stock traders don’t see eye to eye, on just about anything. In fact, rolling eyes at the stock market’s traditional ways is inherent in trades like GameStop and AMC Entertainment.

Warnings from the market greats, like Warren Buffett, may as well be a badge of honor among the new traders. But one thing Buffett hasn’t noted in his criticisms of the “casino” atmosphere of this bull market and companies like Robinhood, which he has thoroughly beat on, is that when he was a young investor himself he had a fondness for “cigar butt” stocks — the dregs of the market, companies with a few puffs left in them — before he graduated to a more refined kind of investing that made him a billionaire. And that Buffett footnote raises an important point about the market’s newest investors. Continue reading “Article: Former SEC chair on the market risks even meme stock traders can’t afford to ignore”

Article: China to shut down over 90% of its Bitcoin mining capacity after local bans

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China to shut down over 90% of its Bitcoin mining capacity after local bans

GT staff reporters, 20 June 2021

Many Bitcoin mines in Southwest China’s Sichuan Province – one of China’s largest cryptocurrency mining bases – were closed as of Sunday, according to after local authorities ordered a halt to mining in the region on Friday amid an intensified nationwide crackdown against cryptocurrency mining.

The ban also means that more than 90 percent of China’s Bitcoin mining capacity is estimated to be shut down, at least for the short term, as regulators in other key mining hubs in China’s north and southwest regions have taken similar harsh steps. Continue reading “Article: China to shut down over 90% of its Bitcoin mining capacity after local bans”

Article: SPRK to check if Augstsprieguma tīkls imports Belarusian electricity from Russia

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SPRK to check if Augstsprieguma tīkls imports Belarusian electricity from Russia

LETA, 19 June 2021

SPRK has received a request from Nord Pool. In it the exchange requests SPRK and Lithuanian National Energy Council to check if Latvian transmission system operator Augstsprieguma tīkls and Lithuanian transmissions system operator Litgrid AB haven’t breached Regulation (EU) No 182/2011 of the European Parliament and of the Council of 25 October 2011 Article 5 of Regulation (EU) No 1227/2011 on Wholesale Energy Market Integrity and Transparency (REMIT). Article 5 states that any involvement in market manipulation is strictly prohibited. Continue reading “Article: SPRK to check if Augstsprieguma tīkls imports Belarusian electricity from Russia”

Article: Pakistan Customs Uncovers Trade-Based Money Laundering

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Pakistan Customs Uncovers Trade-Based Money Laundering

Web Desk, 19 June 2021

KARACHI: The post-clearance audit of Pakistan Customs has unearthed an under-invoicing and trade-based money laundering case of an importer engaged in consignment clearance on fake invoices, the Federal Board of Revenue (FBR) said in a statement issued on Saturday.

It said the Directorate General of Customs Post Clearance Audit had conducted a detailed examination on the case forwarded by the Chief Collector of Customs Appraisement South, Karachi. Continue reading “Article: Pakistan Customs Uncovers Trade-Based Money Laundering”

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