FIVE Financial News

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Metaverse exchange-traded funds are booming in South Korea as retail investors buy into funds focused on tech's new frontier.

DLA Piper has kicked off an election to find the firm’s new senior partner, with five candidates standing in the race.

DoubleLine Capital CEO Jeffrey Gundlach said Friday the Federal Reserve is failing in its battle against a spike of inflation, and the central bank is slated for accelerating rate hikes this year.

Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed President Jim Bullard Thursday for super-sized rate hikes, and instead suggesting the central bank is likely to embark initially on a more measured path.

FlamingoDAO’s non-fungible token (NFT) portfolio is now worth an estimated $1 billion, DAO’s members and reports from Forbes confirmed.

MEXICO CITY—The Bank of Mexico kicked off 2022 with its sixth consecutive interest-rate increase, citing rising near-term inflation expectations and tightening monetary conditions across the world.

DLA Piper has kicked off an election to become the firm's new senior partner, with five candidates standing in the race.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

The U.S. government’s $3.6 billion bitcoin bust this week appears to reflect its success five years ago in disrupting some operations used by criminals to launder stolen funds.

The cryptocurrency industry saw a 4,864% jump in the value of mergers and acquisitions in 2021, Bloomberg reported citing a report by PricewaterhouseCoopers (PwC).

The US government’s $3.6bn bitcoin bust this week appears to reflect its success five years ago in disrupting some operations used by criminals to launder stolen funds.

2021 was a highlight year for the cryptocurrency industry, with rapid growth noted not just in the asset market, but also in the infrastructure surrounding it. Big 4 accounting firm KPMG, which itself revealed holding Bitcoin and Ethereum on its Canada arm’s balance sheet earlier, has now highlighted in a report that investments in the crypto and blockchain sector were upwards of $30 billion in 2021.

“Flash Boys”-like trading manipulation is becoming prevalent in the young cryptocurrency market and is estimated in the billions of dollars, per the new study conducted by researchers at Cornell Tech and other universities. Four of the five major cryptocurrencies plunged this week on news of the report, including Bitcoin, Ethereum, Litecoin and Ripple, when it was detailed in a story in Bloomberg.

MicroStrategy Incorporated (MSTR) shares rose more than 10% during Tuesday's session after the company used half of its $500 million in cash to purchase 21,454 bitcoins and announced plans for a modified Dutch auction to buy back its own stock with the other half.

The United States Government now controls one of the wealthiest Bitcoin wallets, as the Department of Justice seized $3.6 billion in stolen cryptocurrency from the 2016 hack of crypto exchange Bitfinex.

The hack saw more than 2000 unauthorised transactions which sent the stolen bitcoin to a digital wallet controlled by Lichtenstein, say authorities. According to the Department of Justice, over the last five years, about 25,000 of the bitcoin were move from the wallet via a "complicated money laundering process" that ended with some of the funds being deposited into financial accounts controlled by Lichtenstein and Morgan.Deputy Attorney General Lisa O Monaco says: “Today’s arrests, and the department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals.“In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions.

Alexis Abell recently walked out of a BJ’s Wholesale Club outside Buffalo, N.Y., with 24 boxes of Kraft Macaroni & Cheese, a box of 50 frozen mozzarella sticks, a 40-pound bag of basmati rice and a 12-can pack of garbanzo beans.

Ben Wehrman clocks into his job as a Tesla salesman five days a week. His real work begins when he clocks out at night.

“Bitcoin family” Taihuttus immigrated to the crypto tax haven Portugal due to a 0% tax on cryptocurrencies, CNBC reported on Feb. 6.