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New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud

The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate…

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Goldman Sachs Lowers US Recession Risk to 20%

Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the…

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UBS Urges Caution Despite Positive US Economic Data

UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the…

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X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders

X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against…

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Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App

A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted…

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Indian Authority Arrests Man in Crypto Extortion Case

A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144…

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Privacy Fears Undermine Support for Digital Euro in Germany

Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a…

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JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach

Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to…

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Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind’s Death

A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation…

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