According to recent research from Cornell University, pumping and then dumping crypto via Telegram has ballooned into a giant business model. The volume represents some $3.2 trillion in trading for a profit of $250 million. That profit is for the most part, pocketed by some 500 illustrious figures on social media. Here’s how it works. Crypto […]
In a strange way, North Korean dictator Kim Jong Un is due recognition for his vision of the future, which proved totally correct. Legend has it that in 2017-2018, he saw how crazy South Korean youngsters went for crypto and Bitcoin investing, when the largest digital currency broke through the (then) legendary $20,000 level for […]
Although Bitcoin is still trading well below its all-time high reached in mid-December of last year, things are improving again after Federal Reserve chairman Jay Powell sounded reasonably optimistic this week. Are we now heading back to $100k or is that a bit too soon? Federal Reserve As reported earlier this week, Jay Powell, the […]
The charges against Carl Rinsch, who was arrested earlier this week, sound like something out of a movie. That’s not too surprising considering the man is a movie director who worked primarily for streaming platform Netflix. He was paid around $11 million by the company to make a science fiction series, but instead used some […]
Earlier this month we told you how the main culprit behind the Libra memecoin, the cryptocurrency that engulfed the president of Argentina in a major scandal was an American businessman named Hayden Davis. That same Davis was also the co-creator of the official Melania memecoin (which was launched two days after the Trump memecoin and crashed […]
While Bitcoin struggles to break new ground, another country is racking up its Bitcoin holdings, albeit illegally. According to research group Arkham Intelligence, hacking group Lazarus (which is famously funded by the regime of North Korean dictator Kim Jong Un) has now laundered the money they stole from the Bybit hack, making Pyongyang a real […]
Late last year, the Federal Reserve ruined a planned Christmas rally for both Bitcoin and the stock markets when they (as expected) announced they would cut long-term interest rates by a quarter but warned (and that was a surprise) that they would only do so twice in 2025 (investors were counting on four or even […]
Unless you’ve been investing in European defense stocks since the beginning of the year (Germany’s Rheinmetall, France’s Thales and Britain’s BAE Systems are having a stellar year), you’re likely to have a bad year with your stock market or crypto portfolio. While January looked promising, February turned out to be nervous, and March has been […]
Russia’s economy is suffering because of the US and EU sanctions imposed on it because of the invasion of Ukraine. One way for the Russians to still make some money is to sell their oil and gas to India and China rather than to Europe and the US. Of course, the Chinese and Indian governments […]
Geopolitically it sounds quite strange and exceptional when you read it, but yes, this actually happened yesterday. India arrested a man from Russia (who also had Lithuanian nationality) on its territory at the request of the United States. According to the indictment from Washington DC, Alexei Besciokov is suspected of being one of the directors […]
