Seoul to Crack Down Crypto Phishing Websites

• South Korean authorities increased monitoring of crypto-related phishing activity.
• The market price rise has led to a huge number of phishing attacks targeting investors.

South Korean authorities increased monitoring of crypto-related phishing activity. In addition, the government has found information on…[Read more]

Chainlink, A Sleeping GiantThe addition of smart contracts onto a blockchain platform was a technological breakthrough, creating new integration possibilities in real-world uses. However, smart contracts are limited to their functionality when retrieving or sending data. They serve only as a store of data without actively distributing information…[Read more]

Crypto Market Is Not Serious With Its Meme Coin

• The recent announcement of Bill and Melinda Gates’s divorce after a 27-year marriage raised some eyebrows while others saw it coming a mile away.
• A comment from a Reddit user showed that billionaires were taking in large short positions to protect their assets from impending divorces.
• The comment w…

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Elongate and Munch Raise Millions for Charitable Causes

• Two cryptocurrency projects have gathered over $3 million for charitable contributions.
• Elongate has raised $2 million, a crypto project that began as a parody of Elon Musk.
• Munch has put above $1 million to aid different causes in developing nations.

Two unrelated cryptocurrency projects have…[Read more]

GameStop saga paves the way for a new decentralized financial orderEvery significant transformation comes with a new toolset, one that is always surprising at the time and obvious in hindsight. Bitcoin (BTC), climate change and GameStop (NYSE:GME) are all examples of ways in which mass action is pushing for dramatic, not evolutionary, action. We…[Read more]

Japan’s first-quarter GDP likely slipped back into decline as new COVID curbs hit: Reuters poll
Japan’s economy likely shrank in the first quarter as the hit to consumption from coronavirus curbs offset the boost from robust global demand, a Reuters poll showed, highlighting the country’s slow recovery from a pandemic-induced slump.

An extension…[Read more]

SlumDOGE millionaires: Dog tokens dominate Uniswap v3’s rankingsDespite DOGE’s dramatic crash following the highly anticipated episode of Saturday Night Live hosted by SpaceX founder and hypothetical Dogecoin CEO, Elon Musk, many dog-tokens that recently rode DOGE’s coat-tails are still up several-hundred percent in just a couple of weeks after…[Read more]

SpaceX Now Accepts DOGE Payment, Will Launch DOGE-1 Mission in 2022

• SpaceX will launch a Dogecoin project dubbed “DOGE-1 Mission to the Moon”.
• For this project, SpaceX now accepts Dogecoin as means of payment.
• Tesla (NASDAQ:TSLA) CEO Elon Musk revealed the company’s DOGE-1 plan on April Fools Day.

In Q1 of 2022, SpaceX will launch a new crypto proje…[Read more]

AAX Exchange Announces Mass Buyback of AAB

• AAX has just announced its plans for a vast token buyback program on AAB.
• AAB will also be listed on SushiSwap to increase liquidity and access.
• The number of active users on AAX has increased 20-fold since January 2021.

AAX Exchange, powered by the LSEG Millenium matching engine, has just announced its…[Read more]

Finance Minister Le Maire sees French economy back to pre-COVID levels by H1 2022The French economy will return to its pre-COVID 19 levels of economic activity by the first half of 2022, said French Finance Minister Bruno Le Maire on Monday, who also reaffirmed his target of 5% economic growth for France in 2021.

“Economic growth is back in the…[Read more]

Malaysia’s 1MDB, ex-unit seek recovery of $23 billion in assetsMalaysian state fund 1Malaysia Development Berhad (1MDB) and its former unit SRC International have filed 22 civil suits seeking to recover more than $23 billion in assets from entities and people allegedly involved in defrauding the firms, the finance ministry said on…[Read more]

Raising pace of bond buys not off the table for ECB: LaneThe European Central Bank could still increase bond purchases at its June meeting if such a move is needed to keep borrowing conditions favourable, ECB Chief Economist Philip Lane told a French newspaper.

He also said unemployment is not expected to return to its pre-pandemic level before…[Read more]

Euro zone investor morale rises to highest level since March 2018Investor morale in the euro zone rose in May to its highest level since March 2018 on all-time high expectations and an upbeat evaluation of the current situation, a survey showed on Monday, suggesting the bloc is overcoming the COVID-19 crisis.

Sentix’s index for the euro zone…[Read more]

Upgrades of Asian corporate earnings at highest in five months – Refinitiv dataAnalysts in April hiked 12-month earnings estimates for Asian companies by the largest amount in five months, data showed, as manufacturing activity and demand for the region’s exports rose.

Analysts lifted forward 12-month earnings by 3.2% in April, the highest since…[Read more]

Week Ahead: Stocks To Continue Climbing On Ongoing Easing; USD At Crossroads

• Investors are back to cheering for a bad economy, as it enables additional stimulus
• Gold gains on dollar weakness, safe haven

The S&P 500 and Dow Jones Industrial Average hit new all-time highs on Friday, while the NASDAQ and Russell 2000 both pushed higher after the April…[Read more]

Fed Watch: Surprisingly Poor Jobs Report Doesn’t Dim Investor Inflation FearsIf Federal Reserve policymakers are sincere about wanting to achieve their stated goal of maximum employment, they’ll have to stop ignoring the economic realities before their eyes.

The April jobs report, which showed just a fraction of the job creation forecast, was a b…[Read more]

European Stocks Mixed; Miners Help FTSE 100 OutperformEuropean stock markets traded in a mixed fashion Monday, with the heavyweight miners helping the U.K. market outperform after Friday’s disappointing U.S. employment report kept the dollar weak and commodity prices strong.

At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.2% lower, the C…[Read more]

Dollar licks wounds after payrolls shock, focus turns to inflationThe dollar sank to a more than two-month low versus major peers on Monday after a disappointing U.S. employment report prompted investors to temper expectations for higher interest rates, with focus now shifting to inflation data this week.

The United States created a little more…[Read more]

Stocks cheer prospects for low rates, oil rides pipeline outage higherStocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose…[Read more]

European stocks hit fresh record high as miners rallyEuropean stocks extended a record-setting rally on Monday as optimism about the reopening of economies and easy monetary policy lifted cyclical sectors, including mining and financials.

The pan-European STOXX 600 index rose 0.1% to hit a fresh all-time high in early trading, with miners…[Read more]