November 11, 20240 Comments

Dollar retains strength ahead of CPI, Fed speakers; euro heads lower By Investing.com

Investing.com – The U.S. dollar rose Monday, continuing the positive tone generated by the new Trump presidency ahead of the release of key inflation data and with a number of Federal Reserve speakers due this week. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 105.207, after gaining 0.6% last week. Dollar maintains strength  The dollar

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November 11, 20240 Comments

Binance And Changpeng Zhao Faces FTX Lawsuit To Return $1.8B Fund

FTX has recently filed a lawsuit against Binance and its former CEO Changpeng Zhao, demanding a return of $1.8 billion. According to FTX, the fund was fraudulently transferred by its co-founder, Sam Bankman-Fried, to Binance. This legal development has sparked speculations in the broader crypto market, especially as it comes as FTX works to recover funds following its collapse two years ago. FTX Seeks $1.8B Clawback From Binance And Changpeng

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November 11, 20240 Comments

Terry Smith Shuns Nvidia Shares on Fears AI Hype Is Overblown

(Bloomberg) — Nvidia Corp.’s (NVDA) stock has almost tripled this year, and Wall Street analysts are overwhelmingly positive on the chipmaker. Most Read from Bloomberg But, Terry Smith isn’t impressed. The money manager, who’s been dubbed by the UK press as Britain’s Warren Buffett, is skeptical as he says the world’s largest stock lacks a predictable earnings stream and a strong track record of high return on capital. Smith is

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November 11, 20240 Comments

The environmental campaigners fighting against data centres

Julie Bolthouse Julie Bolthouse is opposing new data centre planning applications in Northern Virginia Environmental campaigner Julie Bolthouse points out that Northern Virginia has the world’s largest concentration of data centres. This is not something she is thrilled about. “We’re the Wall Street of the data centre industry,” says Ms Bolthouse, who is a director of local Virginian charity and campaign group Piedmont Environmental Council. Data centres are vast warehouses

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November 11, 20240 Comments

2 Sudanese brothers charged with running cyberattack-for-hire gang

A federal grand jury unsealed an indictment against two Sudanese brothers Wednesday, charging them with running “Anonymous Sudan,” one of the most prolific cyberattack-for-hire gangs of all time and allegedly behind tens of thousands of attacks.  Federal prosecutors accused Ahmed Salah Yousif Omer, 22, and Alaa Salah Yusuuf Omer, 27, of carrying out 35,000 denial-of-service attacks against hundreds of organizations in just one year, taking down websites and other networks

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November 11, 20240 Comments

SIX Swiss deal sends Aquis Exchange shares skyrocketing, nearly doubling in value By Investing.com

Investing.com — Aquis Exchange Plc’s (LON:) stock more than doubled on Monday (NASDAQ:) after the takeover announcement by SIX Swiss Exchange.  The deal places Aquis’ valuation at £194 million, marking a significant premium over recent trading values.  This move comes as SIX seeks to expand its reach in the European market, broadening its service offerings across asset trading, market data, and technology solutions. In a joint statement, SIX said that

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November 11, 20240 Comments

Virtual Assets Lab (VAL.com) Announces Next-Generation Stablecoin Management and Wallet Platform By Chainwire

Zug, Switzerland, November 11th, 2024, Chainwire Proven-at-Scale Technology Enhances Security, Privacy, Compliance and Incentives for Global Digital Finance Virtual Assets Lab, AG (VAL.com) is pleased to announce the launch of its next-generation stablecoin management and wallet platform. Designed to advance digital finance, this platform offers secure, compliant, and customizable solutions for users, blockchain networks, exchanges, institutions and governments Virtual Assets Lab’s technology has already been proven-at-scale with over $100 billion

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