Platform Financial News

Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money. A member of the public paid in a thousand pounds into a crypto ATM in Sheffield, northern England, in an attempt to buy cryptocurrencies, but no cryptocurrency or funds were returned, the FCA said. The watchdog, in a coordinated operation with other law enforcement agencies, inspected 34 locations suspected of hosting crypto ATMs since the start of this year and «disrupted» 26 machines. «If you use a crypto ATM in the UK, you are using a machine that is operating illegally and you may be handing your money over to criminals,» Steve Smart, joint executive director of enforcement and market oversight at the FCA, said in a statement.

Meta Platforms' social media apps Instagram and Facebook, messaging app WhatsApp and Twitter-rival Threads were all back up after a brief outage affecting thousands of users on Monday, according to Downdetector.com. At the peak of the outage, lasting over an hour, over 14,000 users reported issues with accessing Instagram, while around 7,000 and 2,700 users faced issues with Facebook and WhatsApp, respectively.

Thailand is at the core of a looming deadlock that could tip Southeast Asia's second-largest economy into crisis, with reformers once again vying to dislodge the grip on power of the royalist military establishment. Despite a stunning victory with its allies in a May 14 election over pro-military parties, the progressive Move Forward party led by Pita Limjaroenrat faces an uncertain path to government.

Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding Elon Musk's raucous oversight of that platform. But the real question is: Will they stay? Instagram head Adam Mosseri said in a Threads post Monday that in the five days since its launch, 100 million people have signed up for Threads, which was rolled out as a companion app to Instagram. Ann Coleman is among them.

Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin «miners» to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back in April on the view the so-called «crypto winter» was over, but one of the bank's top FX analysts, Geoff Kendrick, said there was now 20% «upside» to that call. «Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,» Kendrick said in a report. Bitcoin's price has leapt 80% since the start of the year but its current level of just over $30,200 is still less than half the $69,000 it peaked back in November 2021.

Mark Zuckerberg announced the milestone of reaching 100 million users in just 5 days since launch in a post on Threads. He also noted that demand for the social media app is 'mostly organic' and that many promotions haven't even been turned on yet. OpenAI's generative AI-based chatbot, ChatGPT, had reached 10 million daily users in 40 days after launch and 100 million daily active users in about two months after launch.

Vedanta: Foxconn Technology Group has pulled out of its joint venture with Vedanta Ltd which had planned to invest $20 billion in India for setting up a semiconductor fabrication unit, display unit and semiconductor assembly and testing unit. The 60:40 partnership could have set up the country’s first semiconductor manufacturing unit under the $10 billion government-backed financial incentive scheme and was once estimated to be ahead of two other consortia in the fray for getting the sops.

ChatGPT as the fastest-growing online platform to hit the milestone. Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform that is seen by analysts as the first serious threat to the Elon Musk-owned microblogging app. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study.

Listed medical device maker Atomo Diagnostics had its broker Bell Potter drumming up interest in an equity raising, after its shares climbed 136 per cent from 2.2¢ at June end to 5.2¢ on Monday’s close.

China a systemic rival. The development is a reflection of the end of a period of peace and stability in Europe seen since the end of the Cold War. In fact, Czech-China relations have witnessed significant changes since 2021.

Rebranded as One Trading, the crypto exchange has now fully separated from digital investment platform Bitpanda, although the latter still retains a stake in tis former subsidiary.

NEW DELHI : India’s entertainment industry is poised to witness the gradual integration of artificial intelligence (AI) into its operations, with growing anticipation regarding its potential impact on various aspects of the industry, like in other sectors. Currently, tools are already being utilized to generate songs in the voices of artistes who did not originally sing them, as well as creating posters featuring actors in different roles. However, experts predict that AI will aid scripting, casting, shooting, post-production, marketing, and even the generation of melodies and lyrics.

With the drainage system overwhelmed, roads were inundated with water at waist height and more. Most delivery services such as Swiggy, Zomato, Zepto, Blinkit and Milk Basket stopped taking orders as large clusters were unserviceable. Elsewhere, there were extended delays, said executives at ecommerce platforms, besides grocery and restaurant companies. «Our operations have been affected due to rains in some parts of the country. We hope to be back soon,» food delivery platform Zomato, which also owns instant grocery delivery platform Blinkit, tweeted on Sunday, in response to multiple consumer complaints. The monsoon has been lashing northern India over the past few days leading to deaths, landslides, property destruction and people rendered homeless.

Supreme Court in the Adani Group case that since custodians were not legally mandated to keep granular details of all underlying investors with ownership in entities below a threshold, there was a possibility that one individual or entity could hold significant stakes in overseas funds through multiple platforms, each individually below the limit for identification as a beneficial owner (BO). The Securities and Exchange Board of India (Sebi) has filed an application in the Supreme Court detailing its response to various suggestions made by the apex court-appointed expert committee in the wake of the Hindenburg report against the Adani Group on potential breaches of securities laws.

Roposo is collaborating with ecommerce player Shopify to help 10,000 entrepreneurs set up online stores over the next two years, and support them in product sourcing, order fulfilment and payments. Roposo offers livestream shopping along with entertainment on its platform. It is a business unit of Glance, a subsidiary of InMobi.

Arcadia Finance has joined the growing list of DeFi protocols to lose funds in hack exploitation. The hackers leveraged a code vulnerability to siphon about $455,000 from the protocol’s Ethereum and Optimism vaults.

Based on the recent job numbers, the so-called Great Resignation appears to be over, or at least in its final stages.

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Barbie film premiered on Sunday in Los Angeles. The stars made sure to dress in Barbie's colors. Safe to say, the stars were dressed in Barbie-inspired looks. Margot Robbie and Ryan Gosling who appear in the upcoming movie as Barbie and Ken sparked beauty shining in Barbie’s character-inspired looks on the pink carpet. The premiere indeed felt like a close-up of fairyland. Robbie donned a Schiaparelli Haute Couture dress with black sequins and embroidery, which was a nod to the iconic «Solo in the Spotlight» Barbie doll. Meanwhile, Ryan Gosling opted for a pink Gucci suit, channelling his inner Ken. Moreover, the pink carpet was full of big names including Nicki Minaj, Dua Lipa, Issa Rae, America Ferrera, Billie Eilish, Simu Liu, Allison Hsu, Michael Cera, Kingsley Ben-Adir, Kate McKinnon, Ashley Graham Hari Nef, Alexandra Shipp, Dove Cameron, Shay Mitchell, Alana Haim, Danielle Haim, Este Haim, Gal Gadot and Skai Jackson to name a few. Fans were quick to repost their favourite celebrity looks on the social media platform Twitter. In one such instance, fans reacting to Margot Robbie’s Barbie world premiere look said, “When you barbie better than Barbie!” Barbie Movie’s official Twitter handle shared a glimpse of the upcoming movie writing, “Heard everyone was feelin’ the Ken-rgy ✨#BarbieTheMovie – only in theaters July 21. Tickets on sale now!” The one-and-a-half-minute clip gives a quick look at what to expect and also confirms July 21 as the official release date.

By Katie Paul and Akash Sriram

Investing.com — The inflation/Fed rate hike rhetoric has stepped up again with the imminent release of U.S. consumer price data, and the oil market seems to be paying for it more than other risk assets.