Aurelia Butler

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  • 200 Shares149 Views

    in Cryptocurrency

    Match System’s CEO Andrei Kutin Announces Full Recovery of $68 mln Stolen Crypto Assets from Cryptex

    https://journals.nauss.edu.sa/index.php/JISCR/article/view/2237/1275

    Match System’s CEO Andrei Kutin Announces Full Recovery of $68 mln Stolen Crypto Assets from Cryptex. Summary: $68 million from the incident occurred on May 3, 2024 related to the “dust” attack were fully returned to the victim today with the participation of the cybersecurity agency Match Systems and the Cryptex cryptocurrency exchange. At the moment, the victim has no complaints against the attacker.On May 3, 2024, one of the crypto whales became a victim of a classic dust attack (or “dandruff attack”) resulting in the theft of 1,155.28 WBTC, worth over $68 million.The stolen tokens were received by an unknown scammer to the address 0xd9A1C3788D81257612E2581A6ea0aDa244853a91, from which the funds were moved to the address 0xfB5bcA56A3824E58A2c77217fb667AE67000b7A6. After which the stolen funds began to be distributed in parts to several scammer’s addresses. The victim immediately sought assistance from Match Systems. As a result of promptly conducted work, the assets were found and returned to the crypto whale in full in just a week. This incident perfectly demonstrates that promptly contacting specialists in case of theft of crypto assets significantly increases the chances of the crypto fraud victim to get them back. Moreover, the earlier the victim seeks help, the higher the probability of getting the stolen funds back in full. More detailed information about this type of theft is contained in the article:About Match Systems:Match Systems, is a leading company specializing in AML services, blockchain investigations, and implementation of compliance procedures for cryptocurrency projects around the world. By leveraging advanced technology and expertise in financial crime detection, the company is poised to help organizations to navigate the complex regulatory landscape as well as minimize the risks associated with digital currencies. Media contacts:Name: Joseph AndersonWebsite: https://matchsystems.com/ Email: [email protected]: Dubai, [email protected] article was originally published on Chainwire More

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    in Economy

    China’s Country Garden repays onshore coupons within grace period

    Country Garden, which defaulted on $11 billion of offshore bonds and extended other onshore bond repayments late last year, said on Thursday it aimed to make the payment and additional interest incurred by Monday.It said state-owned China Bond Insurance Co would do so on its behalf if it missed the deadline.The coupons totalling 65.95 million yuan ($9.1 million) are tied to two medium-term notes guaranteed by China Bond Insurance Co and issued in May last year, a few months before Country Garden defaulted on its offshore bonds.They have an outstanding 800 million yuan and 900 million yuan, respectively. More

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    in Economy

    Musk’s Starlink satellites disrupted by major solar storm

    (Reuters) -Starlink, the satellite arm of Elon Musk’s SpaceX, warned on Saturday of a “degraded service” as the Earth is battered by the biggest geomagnetic storm due to solar activity in two decades. Starlink owns around 60% of the roughly 7,500 satellites orbiting Earth and is a dominant player in satellite internet.Musk said earlier in a post on X that Starlink satellites were under a lot of pressure due to the geomagnetic storm, but were holding up so far. The U.S. National Oceanic and Atmospheric Administration has said the storm is the biggest since October 2003 and likely to persist over the weekend, posing risks to navigation systems, power grids, and satellite navigation, among other services.The thousands of Starlink satellites in low-Earth orbit use inter-satellite laser links to pass data between one another in space at the speed of light, allowing the network to offer internet coverage around the world. More

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    in Economy

    China’s consumer inflation edges upward in signal of slow economic recovery

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 138 Shares109 Views

    in Economy

    US judge halts rule capping credit card late fees at $8

    (Reuters) -A federal judge in Texas on Friday halted the Consumer Financial Protection Bureau’s new rule capping credit card late fees at $8, a victory for business and banking groups challenging part of the Biden administration’s crackdown on “junk fees.”U.S. District Judge Mark Pittman in Fort Worth issued a preliminary injunction preventing the rule from taking effect next week. The injunction was sought by groups including the U.S. Chamber of Commerce and the American Bankers Association.Pittman, an appointee of Republican former President Donald Trump, cited a 2022 ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals, which found the CFPB’s funding structure unconstitutional.”Consequently, any regulations promulgated under that regime are likely unconstitutional as well,” Pittman wrote. “Thus, Plaintiffs establish a likelihood of success on the merits.”The U.S. Supreme Court is reviewing the 2022 ruling, and during oral arguments in October appeared wary of upholding it. Pittman remains bound by the ruling because his court is in the 5th Circuit’s jurisdiction.A CFPB spokesperson said the regulator would keep defending the rule, which the agency says would save families $10 billion annually.”Consumers will shoulder $800 million in late fees every month that the rule is delayed – money that pads the profit margins of the largest credit card issuers,” the spokesperson said in a statement.Maria Monaghan, counsel to the U.S. Chamber of Commerce Litigation Center, in a statement called Pittman’s decision “a major win for responsible consumers who pay their credit card bills on time and businesses that want to provide affordable credit.”The CFPB adopted the rule to counteract what it called “excessive” fees that credit card issuers charge for late payments.The rule would block card issuers with more than 1 million open accounts from charging more than $8 for late fees, unless they could prove higher fees are necessary to cover their costs.According to the CFPB, issuers collected more than $14 billion worth of credit card late fees in 2022, with an average fee of $32.Business and banking groups sued in March to block the rule. The case had been delayed in a jurisdictional back-and-forth over whether the case should remain in Texas, after Pittman initially transferred it to Washington, D.C. A 5th Circuit panel dominated by Trump appointees ultimately reversed that decision and last week gave Pittman a May 10 deadline on whether to issue an injunction. Pittman in Friday’s order expressed concern over the 5th Circuit’s rulings in the case and said he still believed a judge in Washington could have him himself issued a “just and fair” ruling. “We must trust the system,” he said. More

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    in Economy

    China makes Hungary a model for diplomatic ties in Europe

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Cryptocurrency

    Solana Meme Coin Penguiana Raises 800 SOL In The First 7 Days Of Presale, Set To Release P2E Game Demo Next Month

    Penguiana, the latest penguin-themed Solana meme coin, has successfully raised over 800 SOL during the initial week of its presale. The Penguiana team views the growing interest in this new meme coin, spurred by this remarkable achievement, as a testament to its potential within the Solana ecosystem.What is Penguiana?Inspired by the communal and fun-loving nature of penguins, Penguiana is not just another meme coin. It is setting the stage to be a major player in the Solana ecosystem, leveraging the blockchain’s fast processing and low fees to attract both crypto enthusiasts and meme coin investors.$PENGU TokenThe $PENGU token is at the core of this ecosystem, with a total supply of just 100 Million and 60% of this is allocated to the presale.It’s worthy to note that almost 30% of this presale allocation has been filled with more than 21 days to the end of the presale. Interested early adopters looking to acquire $PENGU tokens early can do so by joining the presale here. There’s also a guide on how to acquire $PENGU tokens.$PENGU UtilityThe $Pengu token is designed to be used within the game for various utilities such as minting exclusive NFTs, purchasing in-game items, and participating in special game events.Penguiana Presale DetailsTotal Supply: 100 Million $PENGU TokensPresale Allocation: 60 Million $PENGU TokensPresale Duration: 31 DaysPresale Caps: Minimum 0.5 SOL, Maximum 100 SOLHow To Join The Penguiana PresaleWallet Preparation: Setting up a Solana-compatible wallet such as Phantom or Solflare. It is crucial to use a private wallet for this transaction, as transfers from centralized exchanges are not eligible for the airdrop.Acquisition of $SOL: Participants can purchase SOL tokens from a major exchange and transfer them to their private wallets.Sending $SOL to the Presale Address: Participants can navigate to the Penguiana presale page https://penguiana.com/, where they can Buy $Pengu and copy the presale address, and send their SOL contribution.Allocation Check: The $PENGU token allocation can be checked in the designated section.Receipt of $PENGU Tokens: Following the conclusion of the presale, $PENGU tokens will be airdropped to participants’ wallets, proportional to their contributions.About PenguianaPenguiana is more than just a meme coin; it’s a pioneering project on the Solana blockchain designed to integrate the fun of meme culture with the profitability and engagement of a play-to-earn blockchain game. By utilizing Solana’s high throughput and low transaction costs, Penguiana aims to provide a seamless and immersive gaming experience that also rewards its players.Keep In Touch With PenguianaWebsite: https://penguiana.com/Telegram: https://t.me/penguianaDiscord: https://discord.com/invite/y7M3yDFjUtTwitter: https://twitter.com/penguianaonsolContactTeam LeadZan [email protected] article was originally published on Chainwire More

  • 138 Shares189 Views

    in Economy

    Japan economy expected to shrink in Q1 due to weak consumption

    TOKYO (Reuters) – Japan’s economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to an uncertain outlook, a Reuters poll showed, which will probably set back Bank of Japan efforts to raise interest rates.Cabinet Office data due out at 8:50 a.m. on May 16 (2350 GMT on May 15) is expected to show the economy’s contraction would be equivalent to quarterly decline of 0.4%, according to the poll of 17 economists.The decline followed growth of 0.4% annualised in the last three months of 2023, with the main pillars of GDP collapsing and leaving no growth engine for the January-March quarter. “The trend of thrifty consumers remains strong due to rising living costs likely being exacerbated by the yen weakening,” said Takeshi Minami, chief economist at Norinchukin Research Institute, who predicted the overall economy would contract at 1.2% annualised in the January-March period. Private consumption, which makes up more than 50% of the economy, likely fell 0.2% in the quarter as consumers tightened belts to guard against the rising costs living.The earthquakes that struck the Noto peninsula at the start of this year also undermined output and consumption. As well, a scandal at Toyota (NYSE:TM)’s compact car unit Daihatsu led to the suspension of output and shipments. Capital expenditures also fell 0.7% quarter-on-quarter as companies remained slow to invest their hefty profits in plants and equipment, such as labour-saving technology to overcome labour shortages. External demand, or net exports, which means shipments minus imports, likely shaved 0.3 percentage points off GDP growth. Domestic demand probably fell for a fourth straight quarter.The corporate goods price index, a key gauge of prices corporations charge against each other, probably rose 0.8% in April year-on-year, keeping the pace unchanged from March. The CGPI data will be released at 8:50 a.m. on May 14 (2350 GMT on May 13). The CGPI, broadly equivalent to wholesale prices, likely rose 0.3% month-on-month in April, accelerating slightly from the 0.2% rise for March, underscoring persistent inflation that is boosting the costs of living and doing business. (This story has been refiled to say quarterly decline, not monthly, in paragraph 2) More