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  FBI adds ‘Cryptoqueen’ to Ten Most Wanted Fugitives List
Posted by: superadmin - 07-01-2022, 10:14 AM - Forum: Business, Economy and Investment - No Replies

FBI adds ‘Cryptoqueen’ to Ten Most Wanted Fugitives List after alleged $4 billion OneCoin fraud
  • The FBI added Dr. Ruja Ignatova, the so-called ‘Cryptoqueen,’ to its list of Ten Most Wanted fugitives.
  • The agency is also offering a $100,000 reward for information leading to her arrest.
  • Ignatova, the founder of a cryptocurrency called OneCoin that was launched in 2014, allegedly defrauded investors of more than $4 billion over three years before disappearing.

[Image: 800px-Dr._Ruja_Ignatova.jpg?20150814083046]

WASHINGTON — The FBI on Thursday added Dr. Ruja Ignatova, the self-proclaimed ‘Cryptoqueen,’ to its list of Ten Most Wanted fugitives, and is offering a $100,000 reward for information leading to her arrest.

Ignatova, the founder of a cryptocurrency called OneCoin that was launched in 2014, allegedly defrauded investors of more than $4 billion over three years, before disappearing. Europol added her to Europe’s most wanted list last month.

Investigators say the Bulgarian-based project had no blockchain securing transactions and coins were essentially minted out of thin air. Bitcoin, by contrast, is secured by a global network of miners who maintain a public ledger, or blockchain.

The Southern District of New York held a press conference on Thursday morning to announce the addition of Ignatova to its top fugitives list.

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  EU agrees on landmark regulation to clean up crypto ‘Wild West’
Posted by: superadmin - 07-01-2022, 10:06 AM - Forum: Business, Economy and Investment - Replies (1)

  • The European Commission, EU lawmakers and member states hammered out an agreement on reforms Thursday.
  • The new law, known as Markets in Crypto-Assets (MiCA), is the first attempt at creating a comprehensive regulatory framework for digital assets in the region.
  • EU lawmaker Stefan Berger said the rules will “put order in the Wild West of crypto assets.”

[Image: 107052780-1651140361335-gettyimages-1240...=740&h=416]

EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry.

The European Commission, EU lawmakers and member states hammered out a deal in Brussels after hours of negotiations. The move came a day after the three main institutions finalized measures aimed at stamping out money laundering in crypto.

The new rules come at a brutal time for digital assets, with bitcoin facing its worst quarter in more than a decade.

The landmark law, known as Markets in Crypto-Assets, or MiCA, is designed to make life tougher for numerous players in the crypto market, including exchanges and issuers of so-called stablecoins, tokens that are meant to be pegged to existing assets like the U.S. dollar.

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  The market’s worst first half in 50 years has all come down to one thing
Posted by: superadmin - 07-01-2022, 09:55 AM - Forum: Business, Economy and Investment - No Replies

  • A multitude of factors conspired to generate the stock market’s worst first-half since 1970, all centering on inflation.
  • Besides the damage to the big stock market averages, there has been carnage everywhere.
  • Some hope lies ahead: When the S&P 500 plunged 21% in the first half of 1970, it promptly reversed those losses to gain 26.5% in the second half.

[Image: 107074963-1656626715063-ein.jpg?v=165662...=740&h=416]

A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation.

The cost of living started the year running at levels the U.S. had not seen since the early 1980s.

Worse, Federal Reserve officials, armed with full-year forecasts of “transitory” inflation that now seem almost comically inaccurate, fell behind the curve, endangering a market and economy still fragile from the Covid pandemic.

Six months later, the damage has been severe if something short of catastrophic: An S&P 500 down nearly 20%, a symbol of how risk investing across the spectrum, from crypto to IPOs and even some areas of the commodities market, has collapsed.

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  YOURSAY | Harun Idris and May 13: The truth can cut both ways
Posted by: superadmin - 07-01-2022, 09:07 AM - Forum: Politics - No Replies

[Image: 37104be73ef2ae86628b0564fbededef.jpg=s800]

Vijay47: Ashaari Azman Shah, reading the valiant efforts you made to re-establish your grandfather’s reputation, one can readily conclude that you have all the hallmarks of a true Umno leader.

Heck, you can also be a university professor! After all, former Selangor menteri besar Harun Idris had many non-Malay friends, he had a passionate interest in sports, he led the national football team to great heights, and he even arranged the Muhammad Ali-Joe Bugner fight in Kuala

So how can anyone hold his alleged involvement in the May 13, 1969 riots against him? How can anyone hold the Holocaust against Adolf Hitler’s aide, Heinrich Himmler, who had been a boy scout in his youth - it was just one of those molehill things!

You credit your grandfather with the creation of PKNS (Selangor State Development Corporation). Very true. But let us not overlook the fact that PKNS, like most government-linked companies (GLCs), is a citadel of racism.

Equally true are two seemingly contradictory statements you made - that he was imprisoned for corruption and that he “was too farsighted”. Again, very true.

Had he lived in more current times, especially with a corrupt association, he would have been hailed as a shameless leader of the race by his fan club.

The Pulitzer Prize is assured for you, Ashaari, that when you asked former prime minister Mahathir Mohamad whether he, Malaysia’s second prime minister Abdul Razak Hussein, and your dear grand-dad had any role in the May 13 tragedy, he replied in the negative. Maybe you will even get the Nobel Prize for Literature.

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  Make US’ ‘long arm’ toward China feel the pain: Global Times editorial
Posted by: superadmin - 06-30-2022, 09:20 PM - Forum: Politics - No Replies

[Image: f77449df-f610-4c2f-bfcb-042317816f89.jpeg]

On Tuesday, US President Joe Biden's administration placed five Chinese companies on a trade blacklist for "allegedly supporting Russia's military and defense industrial base." On the same day, 20 other entities which have connections with China were also added to the blacklist by the US for allegedly helping Iran or supporting military application. 

This is the first time the US has taken action against Chinese entities over Russia-related businesses since the Russia-Ukraine conflict broke out in February. US media claimed that the move was to demonstrate US' resolve and strength to implement sanctions against Russia. Who does Washington think it is? The UN Security Council? Or the judge and the police of the world? 

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  Lafayette man loses life savings to crypto scam
Posted by: superadmin - 06-30-2022, 09:14 PM - Forum: Business, Economy and Investment - No Replies

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  Former PayPal CEO Bill Harris Reveals Why He Thinks Bitcoin Is The Biggest Scam
Posted by: superadmin - 06-30-2022, 08:50 PM - Forum: Business, Economy and Investment - Replies (1)

Former PayPal CEO Bill Harris Reveals Why He Thinks Bitcoin Is The Biggest Scam In History

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  Halt eviction of farmers on govt land, says PKR MP
Posted by: superadmin - 06-30-2022, 03:18 PM - Forum: Politics - No Replies

[Image: jeyakumar-devaraj-farmer-180622.jpg]

PETALING JAYA: A PKR vice-president has urged authorities to immediately stop the eviction of farmers on government land.

Tanjong Malim MP Chang Lih Kang said there were many cases of forced eviction of farmers, with the main reasons being the land was given to developer companies for housing projects or large-scale plantations.

He said such incidents continued despite farmers having spent years applying to state governments for the land.

In a statement, Chang said instructions should be given to halt the eviction of farmers on government land or government agency land, or land leased to private companies.

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  Grayscale Investments suing SEC after its Bitcoin ETF rejected
Posted by: superadmin - 06-30-2022, 11:55 AM - Forum: Business, Economy and Investment - No Replies

[Image: bitcoin_20220630110830_reuters.jpg?1nITX...G4oc4aIPeS]

(June 30): Grayscale Investments said it had sued the US Securities and Exchange Commission after the agency rejected a bid to convert its Bitcoin trust into an exchange-traded fund.

Chief Executive Officer Michael Sonnenshein tweeted that Grayscale was suing the regulator and the company said it had filed a lawsuit in US Court of Appeals for the D.C. Circuit.

The SEC on Wednesday denied the company’s application to convert its Grayscale Bitcoin Trust into the first ETF based on the world’s biggest cryptocurrency. The regulator found that the plan by NYSE Arca to list the product didn’t do enough to prevent fraud and manipulation.

The SEC didn’t immediately respond to an emailed request for comment sent after normal business hours.

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  Almost 50,000 Malay contractors close shop, unable to renew licence
Posted by: superadmin - 06-30-2022, 10:32 AM - Forum: Business. Economy and Investment - No Replies

[Image: 06102020-KUL-_construction_workers_forei...ixabay.jpg]


KOTA BARU – Nearly 50,000 Malay contractors were forced to shut down their businesses because they could not renew their licences after being affected by the significant increase in the prices of building materials since 2018.



Malaysian Malay Contractors Association (PKMM) deputy president Datuk Mohd Rosdi Ab Aziz said the Covid-19 pandemic has also resulted in fewer projects, affecting most contractors from class G1 to G4.



“Among the factors that caused them to be unable to renew their licences was they did not have sufficient funds in their capital account according to their respective contractor classes.



“At the same time, the lack of projects has also resulted in them not being able to bear the entire cost required,” he told reporters after attending the 45th Kelantan PKMM Annual General Meeting here today.



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