Fighting Financial News

BEIJING — Chinese consumer spending on movies plunged during the Lunar New Year holiday last week as theaters raised prices to record highs.

If there’s one thing Satoshi Nakamoto doesn’t have to worry about, it’s getting snitch tagged when diverse actors building on the Bitcoin blockchain get into fights. Unfortunately, the same can’t be said for Cardano founder Charles Hoskinson who had to step in to comment on the ongoing spat between the Cardano DEX SundaeSwap and project incubator CardStarter.

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Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

A new report by the cross-party Treasury Select Committee is calling on the Government to "push harder and act faster on the growing fraud epidemic".The report urges the Government to legislate against online fraudulent adverts and seriously consider whether online giants should reimburse those who fall victim to scams on their platforms.The Committee also recommends that the Government "urgently" legislates to make reimbursement for victims of ‘authorised push payment fraud’ mandatory - an issue which has already been taken up by rule makers and industry watchdogs.In a series of other recommendations, the report calls for law enforcement to be appropriately resourced to tackle the scale of the problem, for the Government to consider whether a single law enforcement agency with a clear responsibility to fight economic crime would be more effective, and for proper regulation to be introduced to protect consumers from fraud and money laundering in the cryptoasset industry.The Committee also advocates higher company formation fees and Companies House reform in order to prevent fraudsters from hiding their identities behind UK businesses to launder money and conduct crime, and pushes for the Government to set out the legislation it is current working on which could be included in an Economic Crime Bill.Mel Stride, chair of the Treasury Committee, says: "For too long, pernicious scammers have acted with impunity, ripping off innocent consumers with fraudulent online adverts, impersonation scams and dodgy crypto investments."Unfortunately, fraud has soared during the pandemic, and as MPs we’ve heard heart-breaking stories of individuals who have fallen victim to these criminals and lost large sums of money."Some of our

Economist Lisa Cook has often focused her research on policies that promote broad economic opportunity, particularly for racial minorities and women, an approach she could soon bring to the central bank and its policy making.

Binance restricted 281 Nigerian users in relation to safeguarding international money laundering, CEO Changpeng Zhao said.

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Ben Packer is a dispute resolution partner at law firm Linklaters 

BRUSSELS—The European Union hit back against China’s targeting of one of the bloc’s smallest members over its ties to Taiwan, opening a new front in the global battle over Beijing’s use of economic pressure to advance political objectives.

WASHINGTON—The World Trade Organization on Wednesday authorized China to impose retaliatory tariffs worth $645 million on imports from the U.S. in a decade-old dispute over Chinese subsidies to promote exports of products such as solar panels and steel pipes.

Goldman Sachs has hiked bonuses for its associates as investment banks fight to retain juniors amid a broader surge in compensation on Wall Street. 

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Goldman Sachs has hiked bonuses for its associates as investment banks fight to retain juniors amid a broader surge in compensation on Wall Street. 

When large crypto exchanges or trading companies make a move towards other regions, it can signal their belief in engaged future users who will boost both crypto adoption and the company’ own performance in these places. To that end, one Thailand-based crypto exchange has its eye on a very specific set of nations.

Philadelphia Fed President Patrick Harker said Thursday he foresees three or four interest rate hikes this year as likely to fight inflation.

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WASHINGTON—Sarah Bloom Raskin, President Biden’s pick to become the Fed’s top banking regulator, could face a contentious nomination process due to her support for tougher banking rules and for using financial regulation to address climate-change positions cheered by progressives but criticized by some Republicans.

South Korea raised interest rates to their pre-pandemic level to fight inflation and signaled that more increases could be coming later in the year.

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