Bitcoin Dives Under $56K as Asian Equities See Red
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
The X accounts of Donald Trump's daughter-in-law and daughter were apparently hacked Tuesday evening to promote a token purportedly tied to World Liberty Financial, the upcoming crypto project touted by family members in recent days. Lara and Tiffany Trump, the wife of Eric Trump and daughter of Donald Trump, respectively, tweeted what they described as "the only official" blockchain addresses for World Liberty Financial. Not long after, Eric, the middle son of former President Trump, posted on X that the two profiles had been compromised and the addresses were a "scam."
This consumer staples ETF hits a new 52-week high. Are more gains in store for this ETF?
According to Foresight News, the U.S. Commodity Futures Trading Commission (CFTC) has recovered $18 million in digital assets linked to an alleged commodity pool Ponzi scheme. Oregon resident Sam Ikkurty has been accused of defrauding investors through a purported 'crypto hedge fund.' Ikkurty promised to return 'net profits' to investors but failed to do so, and did not inform investors that the fund's performance had plummeted by 98.99% within a few months.U.S. District Court Judge Mary Rowland for the Northern District of Illinois has ordered Ikkurty and several related entities to pay a total of $209 million in penalties. This includes nearly $84 million in customer restitution, approximately $37 million in disgorgement of ill-gotten gains, and about $110 million in civil monetary penalties. Additionally, Ikkurty has been ordered to pay over $14 million in contempt of court fines.
According to Cointelegraph, Nvidia experienced its largest one-day market capitalization loss, shedding over $280 billion in value following a reported antitrust subpoena from the United States Department of Justice (DOJ). On September 3, Nvidia's shares dropped by 9.5%, closing at $108, which resulted in a $278 billion reduction in its market cap. This event marks the most significant single-day value loss for any stock in the history of the US share market, based on Google Finance data. The decline continued in after-hours trading, with shares falling more than 2% to a low of $105.The sharp drop in Nvidia's stock price occurred as the DOJ issued a subpoena to Nvidia and several other companies, seeking evidence of potential violations of US antitrust laws. Bloomberg reported on September 3, citing sources familiar with the investigation, that the DOJ had previously sent non-binding questionnaires to Nvidia for additional information. The subpoena represents an escalation in the investigation, legally obligating recipients to provide information and potentially leading to a formal complaint against the chipmaker.US antitrust officials are concerned that Nvidia may be making it difficult for businesses to switch to other artificial intelligence and computer chip providers and penalizing buyers who do not exclusively use its AI chips. As part of the investigation, DOJ officials have contacted other tech firms, including Nvidia's largest investor, Microsoft, for further information. In response, Nvidia stated in an emailed statement to Bloomberg, "Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them." Nvidia CEO Jensen Huang emphasized that priority is given to customers who use Nvidia products in ready-to-go data centers to prevent stockpiling and expedite the installation of the company's technology.Founded in 1993, Nvidia has quickly risen to become the world's largest manufacturer of computer chips, particularly those used in AI processes. Nvidia's success in developing AI-specific infrastructure has allowed it to significantly outperform its rival chipmakers. As of the time of publication, Nvidia's market cap stands at $2.65 trillion, making it 30 times larger than former market leader Intel and 12 times larger than competitor Advanced Micro Devices (AMD).
ETF flows may be on track to break the $900 billion inflow record, as investors also bought up VOO and VGT. SPY led outflows.
As September is a yearly time of 'refocus' at work for Canadians following the summer, a new PokerStars study reveals that mastering emotional control and perception management are just as crucial for sharpening workplace behaviour as they are in the high-stakes world of professional sport.
According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois has issued a final judgment against Sam Ikkurty of Oregon and entities Jafia, LLC, and Ikkurty Capital, LLC, operating under the names Rose City Income Fund I LP, Rose City Income Fund II, and Seneca Ventures, LLC. The federal court has ordered Ikkurty and several associated entities to pay $209 million in compensation.This judgment follows a previous ruling by Judge Rowland in favour of all CFTC charges, which included allegations of fraud and misappropriation of funds. The CFTC's lawsuit highlighted significant fraudulent activities and the misuse of investor funds. Additionally, the CFTC has successfully recovered over $18 million in digital assets stolen from a court-appointed receiver.The case underscores the CFTC's commitment to enforcing regulations and protecting investors from fraudulent schemes. The recovery of digital assets further demonstrates the agency's efforts to reclaim misappropriated funds and ensure justice for affected parties.
Gryphon’s CEO discusses miner capitulation and why Bitcoin acquisition isn't their current focus.
The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. Since 2020, the FTC says, fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024, consumers have lost more than $66 million to these scams. Scammers use tactics like fake phone calls, messages and security alerts to convince people that they're in danger, and that they should deposit cash into a Bitcoin ATM to protect it.