Investment Learning

  • April 26, 2024

Hong Kong Financial Management Bureau Launches FiNETech Series

According to PANews, the Hong Kong Financial Management Bureau has launched the FiNETech series. This initiative brings together approximately 100 banks, securities companies, insurance companies, and technology enterprises. The aim is to jointly explore advanced cooperation arrangements in wealth technology, insurance technology, green technology, artificial intelligence, and distributed ledger technology. Over the next six to twelve months, the Bureau plans to expand its cooperation in the field of financial technology through the FiNETech series of events. This will include continued collaboration with various co-organizing institutions, industry associations, and market experts. The focus will be on the development of artificial intelligence (including generative artificial intelligence), distributed ledger technology, and green technology. The Bureau also aims to make substantial progress in the adoption of financial technology by banks and other financial institutions. This is part of the broader goal of the FiNETech series to foster innovation and collaboration in the financial technology sector.

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  • April 26, 2024

US Core PCE Price Index Annual Rate Hits 2.8% in March

According to BlockBeats, the US core Personal Consumption Expenditures (PCE) price index annual rate for March was reported at 2.8%. This figure exceeded the anticipated rate of 2.7%, matching the previous value of 2.8%. The PCE index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The core PCE index excludes volatile food and energy prices to provide a clearer picture of underlying inflation trends. The data is closely watched by the Federal Reserve as it sets its inflation target based on the core PCE price index. The higher than expected rate indicates a potential increase in inflation, which could influence the Federal Reserve's future monetary policy decisions.

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  • April 26, 2024

Binance's International Law Enforcement Training Day Draws over 1,300 Representatives from 86 Countries

On April 19, 2024, Binance hosted its first-ever online Law Enforcement Training Day. The event aimed to deliver state-of-the-art cryptocurrency education to the global law enforcement community, spotlighting an increasing interest in these topics. The initiative underscores the need for stronger collaboration between the public and private sectors to combat crypto-associated crime. Practical Cryptocurrency Investigation Techniques Unveiled As part of Binance's comprehensive Law Enforcement Training Program, the Law Enforcement Training Day centered around the operational aspects of cryptocurrency investigations. It illuminated blockchain tracing techniques and delved into advanced concepts such as demixing or cross-chain swaps. Law enforcement speakers unveiled recent case studies—ranging from pig butchering scams and child abuse to terrorist financing. These practical examples revealed how combining traditional investigative methods with the ability to trace funds across major publicly traceable blockchains is becoming increasingly critical. Speakers from Diverse Sectors The speaker panel featured 11 experts from various sectors, including Binance, law enforcement portal Kodex, and blockchain data investigation firms Chainalysis, TRM Labs, Elliptic, and Clain. Representatives from the law enforcement community also provided insights, including individuals from the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police, the National Organised Crime Agency of the Police of the Czech Republic, and the Cyberpolice Department of the National Police of Ukraine. Large Attendance Demonstrates Increasing Interest With over 1,300 law enforcement representatives from 86 countries in attendance—primarily from national police agencies and state prosecutors—the event demonstrated burgeoning global interest in cryptocurrency education. Among the ten countries with the highest attendance, six were European. Commenting on the event's success, Jarek Jakubcek, Binance’s Head of Law Enforcement Training, stressed that public-private collaboration is not merely desirable but downright crucial in detecting and preventing cryptocurrency-related criminal activity. He expressed gratitude towards all participants for contributing to this knowledge-rich event.

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  • April 26, 2024

US Judge Sets Schedule for Ripple's Motion Against SEC's New Expert Materials

According to U.Today, Sarah Netburn, a US Magistrate Judge for the United States District Court for the Southern District of New York, has set a schedule for Ripple's motion to strike new expert materials submitted by the U.S. Securities and Exchange Commission (SEC). The SEC has until April 29 to respond to the motion, after which Ripple will have three business days to file its reply. Ripple recently opposed the SEC's motion for remedies, asking the court to reject the agency's request for disgorgement and prejudgment interest. The San Francisco-based company also argues that the SEC's civil penalty should not exceed $10 million, while the regulator is seeking approximately $2 billion in fines and penalties. Ripple has also moved to strike the SEC's new expert materials, which include a declaration and two supporting exhibits prepared by Andrea Fox, an Assistant Chief Accountant in the SEC’s Division of Enforcement. Ripple contends that it did not have the opportunity to take Fox's deposition and that reopening remedies discovery to do so would result in unnecessary expense and delay. The company further claims that the SEC was obligated to disclose Fox as an expert witness before the end of discovery. Ripple argues that this obligation cannot be circumvented by merely describing her as a summary witness. As a result, Ripple is urging the court to strike her declaration due to the SEC's late disclosure.

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  • April 26, 2024

SEC Accuses Geosyn Mining Co-Founders of Defrauding Investors

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has accused Caleb Joseph Ward and Jeremy George McNutt, co-founders of Bitcoin mining company Geosyn Mining, of defrauding approximately 64 investors of $5.6 million through service agreements sold as securities between November 2021 and December 2022. The SEC alleges that Geosyn Mining's agreement to purchase and operate cryptocurrency mining machines on behalf of clients, for which it charged fees, falsely claimed to have signed a cheap energy contract with a power supplier. In reality, the costs were 40% to 50% higher than the rates communicated to clients. Furthermore, of the 1,400 mining machines that were supposed to be purchased under the service agreements, 400 were never bought. Additionally, most of the mining equipment that was purchased was never put into operation.

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  • April 25, 2024

Celsius Loan Creditors Plan To Appeal Restructuring Due To Low Asset Recovery Rate

According to Foresight News, insiders have revealed that creditors of Celsius Loan are planning to appeal against the company's restructuring plan. The reason behind this is the discovery that Celsius's asset recovery rate is lower than expected. The current plan has reduced the amount of money recovered from customers who hold bankrupt assets in loan accounts. The creditors of Celsius Loan have stated that they do not yet have a specific timeline for potential litigation and are still in the early stages of exploration. This development could potentially impact the company's restructuring process and its future operations. Further details about the appeal and its potential implications are yet to be disclosed.

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