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Economy

A collection of 596 issues

Sam Bankman-Fried files appeal against imprisonment decision

The ex-head of crypto exchange FTX has filed an appeal against a prison judgement. He was sent back to prison for interfering with witnesses in front of the court. However, his lawyers argue that SBF simply shared the information with the media. Earlier, the US Department of Justice accused Bankman-Fried

SEC

The SEC has charged Media and Entertainment Co. with illegally selling NFT and violating the Securities Act of 1933. The regulator alleges that the firm illegally raised $30 million on the sale of its Impact Theory collection in 2021. The company was ordered to pay $6.1 million.

The S&P 500 has no fuel

In the US, today is the annual meeting of Central Bank heads in Jackson Hole. Everyone is frozen before the Fed chief's annual speech. He is sure to talk about inflation and hint at rate plans. So far, the US economy is slowing down: the business activity index and the

Kronos Research has lost $1.4m due to two disgruntled employees

Two Kronos Research employees who worked on an automated algorithmic trading system did not receive bonuses when they left the firm. Because of their dissatisfaction, they decided to interfere with the company's system, which after their manipulations mistook the worst investment portfolio for the best. Because of this, Kronos suffered

Mining operations

Laos state-owned Electricite du Laos (EDL) will suspend electricity supply to mining operations. The firm cited several reasons for the decision, including the country's drought. One of them was also outstanding long-term debt on the part of the miners.

Andrew Kang liquidated 14 times in 1 day and lost $430,000

Trader Andrew Kang opened long positions in BTC, ETH and ARB during the last market crash. All his longs were liquidated because he opened them with 100x leverage In total he was liquidated 14 times and lost about $430,000 in 1 day.

Exactly Protocol hacked for about $7.2 million

DeFi platform Exactly Protocol has been subjected to a hacker attack. Taking advantage of the vulnerability, the attacker withdrew about 4,300 ETH ($7.22 million). Amid the incident, Exactly Protocol's TVL dropped from $39.53m to $16m.

There are not enough planes for everyone: businesses cannot launch group tours to Hainan, China

The problem is that most planes are booked for other routes with guaranteed demand, such as Thailand. Earlier, visa-free group exchange with China was resumed.

Coin98 has raised "millions of dollars" of investment from DWF Labs

The Coin98 project team has announced that it has raised a "seven figure" investment from DWF Labs. The funds will be used to accelerate the global adoption of Web3.

China has one economic problem after another: the country recorded deflation in July

Prices fell by 0.3% y/y in July. This is the first price drop of the year. Deflation shows that the economy has problems with demand. Experts write that deflation and weak demand are consequences of the property market crisis. Yesterday, China's largest private property developer Country Garden defaulted