Hong Kong Cracks Down Fake Crypto Exchange Using Elon Musk Deepfakes to Trick Investors

The public has been cautioned by the Hong Kong Securities and Futures Commission (SFC) about Quantum AI, an organization that is suspected of carrying out fraudulent activities involving virtual assets and pretending to be Elon Musk.


Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest

Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion...

FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains

The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims...

JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading

The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...


Latest News

Warren Buffett-Led Berkshire Hathaway Raises Pay for the 93-Year-Old Billionaire's Successor Greg Abel to $20 Million
The Warren Buffett-led conglomerate Berkshire Hathaway has increased the pay of Greg Abel, the 93-year-old billionaire's designated successor, to $20 million.
Foreign Investors On Alert As China Unusually Withdraws Cash From Banks
China's central bank withdrawal indicates cautious economic growth, disappointing stimulus hopes, and limited policy options amid yuan decline and global rate disparities.
EQT Plans to Divest 20% Stake in Ottobock to Its Existing Major Shareholders
Swedish global investment company EQT will return 20% of Ottobock's investment to its significant shareholders.
JPMorgan Chase CEO Jamie Dimon Advises the US Fed to Wait Past June Before Cutting Rates
JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
Philippines Could Receive $1 Billion From US Firms! Where Will Investments Be Used For?
The U.S. Commerce Secretary announced that the Philippines is expected to receive $1 billion from U.S. firms.
Bitcoin Reaches New All-Time High, Surpassing $71,000!
The crypto exchange-traded products allowed entry to the UK market. Financial Conduct Authority (FCA) said it would not oppose solicitations from accredited investment platforms to establish a market
Investors Led by Ex-Trump Official Invest $1 Billion to Troubled US Bank
Steven Mnuchin, the US Treasury Secretary under former president Donald Trump, has invested in a troubled regional US bank.
Bitcoin Reaches $64K—Breaking Its Highest Record Since 2021, Thanks To Spot BTC ETF Approval
Bitcoin reaches $64,000, thanks to the spot BTC ETF approval. This is its highest record since 2021.
Snowflake CEO Frank Slootman Steps Down, Causing 18% Plunge in the Company's Stock Price
Snowflake CEO Frank Slootman's decision to step down caused an 18% decline in the company's stock price.
IOTA Foundation's $10 Million Investment Drive: Fueling Digital Trade and Tokenization
The IOTA foundation is investing $10 million in early-stage startups focusing on digital trade and tokenization of real-world assets, fostering innovation within the IOTA ecosystem.
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