Turkey’s crypto adoption soars: 12% increase in investors over 18 months

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• Foreign banks shut out of lucrative China IPOs

  TL;DR Breakdown Foreign banks’ participation in China’s IPOs has hit a decade low, indicating struggle to retain foothold in the country’s financial system. Intensified geopolitical tensions and rigorous COVID-19 restrictions have added to foreign banks’ difficulties. An air of gloom surrounds the once vigorous involvement of foreign banks in mainland China’s Initial Public Offerings (IPOs). Current figures reveal a low unmatched since 2009, signaling a relentless struggle for these foreign entities to maintain their presence within China’s increasingly secluded financial ecosystem. In the present fiscal year, overseas banks have merely handled $297 million in new listings, constituting a paltry 1.2% of the total. This number has toppled from 2009’s impressive 50% participation in total IPO values, reflecting the severe downturn in the banks’ impact in China’s burgeoning stock market. A Struggle for Presence Amid Local Dominance It’s noteworthy that among the 109 IPOs marking China’s extensive stock market in 2023, no US bank has partaken, despite these deals generating a colossal $26 billion. The arena remains almost exclusively dominated by local banks, with Credit Suisse and Deutsche Bank as the…

  Article 2023年6月13日

• Bank of Japan board member sees inflation goal in sight, policy shifts loom

  TL;DR Breakdown According to board member Naoki Tamura, the BOJ’s inflation goal is “clearly in sight,”  Tamura says that the BOJ must maintain low rates and carefully analyze wage and price data before making policy adjustments. Description Japan’s inflation is “clearly in sight” with the central bank’s target, board member Naoki Tamura has highlighted, which suggests a potential discontinuation of negative interest rates at the beginning of the year. The statement marks the most explicit indication thus far from a Bank of Japan (BOJ) policymaker that increasing inflation and wages might prompt … Read more Japan’s inflation is “clearly in sight” with the central bank’s target, board member Naoki Tamura has highlighted, which suggests a potential discontinuation of negative interest rates at the beginning of the year. The statement marks the most explicit indication thus far from a Bank of Japan (BOJ) policymaker that increasing inflation and wages might prompt the bank to adopt more assertive measures in gradually reducing its unconventional stimulus efforts. Bank of Japan pledges to maintain interest rate low Approximately ten years have passed since the…

  Article 2023年8月30日

• U.S. faces China security challenge: The solution?

  TL;DR Breakdown The U.S. faces escalating security challenges from China, especially in controlling global narratives. China’s tactics extend beyond economic espionage to political objectives. The U.S. strategy should be three-pronged: confront, compete, and co-operate. Description When it comes to the escalating security challenges posed by China, the U.S. is at a pivotal crossroad. The evolving landscape of international politics and the digital realm is proving to be a formidable adversary. The intensity of China’s intelligence operations against the U.K., the U.S., and their allies has increased. Beyond the traditional spheres … Read more When it comes to the escalating security challenges posed by China, the U.S. is at a pivotal crossroad. The evolving landscape of international politics and the digital realm is proving to be a formidable adversary. The intensity of China’s intelligence operations against the U.K., the U.S., and their allies has increased. Beyond the traditional spheres of cyberattacks aimed at economic targets, China’s quest for control is now unmistakably political. The ultimate goal? Control the narrative and manipulate perceptions both domestically and internationally. A New Battlefield: The Mind…

  Article 2023年9月17日

• Inferno Drainer: The new crypto and NFT nightmare – What or who is it?

  TL;DR Breakdown Scam Sniffer has found that some phishing attacks are linked to Inferno Drainer, a multi-chain scam vendor that charges 20% of the stolen assets.  So far, $5.9 million has been taken by analyzing data from different chains, with about 4,888 victims. Scams posing as services have become an increasing problem in the crypto community. In the ever-evolving landscape of cybercrime, a new threat has emerged, leaving individuals and businesses vulnerable to financial losses and privacy breaches – Inferno Drainer. The Inferno Drainer phishing scam, aptly named for its ability to drain victims’ resources, has recently come to the forefront of crypto evolution. This sophisticated “scam-as-a-service” operation has already pilfered an astonishing $5.9 million since March, underscoring the urgent need for increased vigilance and robust security measures. Inferno Drainer’s sophisticated phishing scam leaves millions vulnerable Operating behind a veil of anonymity, the Inferno Drainer has quickly gained notoriety within the dark web. The group behind this scam-as-a-service operation remains shrouded in mystery, employing advanced techniques to evade detection by law enforcement agencies and cybersecurity experts. According to the Web3…

  Article 2023年5月23日

• Sui price analysis: Riding a wave of bullish momentum, the SUI price recovers to $1.010

  TL;DR Breakdown Sui price analysis suggests a bullish trend. Resistance for SUI is present at $1.054. Support for SUI/USD is present at $0.947. According to the most recent Sui price analysis, the market has displayed a bullish trend with signs of recovery over the past 24 hours. Despite a gradual price oscillation, the bulls have successfully gained dominance on the price chart by elevating the coin’s value. This positive development indicates a promising outlook for the bulls, as the price has once again reached the $1.010 mark. Although there is potential for further recovery, it is anticipated that the bullish momentum will continue to be slow, and the coin is still regarded as undervalued. SUI/USD 1-day price chart: The price experiences positive sentiment, recovering to $1.010 Based on the latest daily Sui price analysis, a bullish momentum is evident as buying activity has outweighed selling in the past 24 hours. The last instance of bearish activity on the 1-day chart occurred on May 24, 2023, and since then, a gradual bullish trend has been established. However, the price has only…

  Article 2023年5月31日