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Showing posts from December, 2022

North Korean hackers are using almost 500 phishing domains to steal NFTs.

The hackers made fake websites that looked like NFT projects, NFT marketplaces, and even a DeFi platform. Hackers with ties to North Korea's Lazarus Group are said to be behind a massive phishing campaign that targets investors in nonfungible tokens (NFTs). The campaign uses nearly 500 phishing domains to trick people into giving away their personal information. SlowMist, a blockchain security company, released a report on December 24 that showed the methods that North Korean Advanced Persistent Threat (APT) groups have used to trick NFT investors out of their NFTs. These methods include putting up fake websites that look like different platforms and projects related to NFTs. Some of these fake websites include one that pretends to be a World Cup project and others that try to look like popular NFT marketplaces like OpenSea, X2Y2, and Rarible. SlowMist said that one of the methods was for these fake websites to offer "malicious mints," which trick the victims into thinkin

Following reports of a block sale, Max Financial shares decline 3%.

Today, shares of Max Financial Services plummeted roughly 3% on news that more than 2% of the company's stock was traded in a block transaction. The acquisition was valued at 471 billion dollars. On the BSE, Max Financial shares declined 2.75 percent to 680.15 rupees from their previous closing of 699.45 rupees. The firm's market cap plummeted to Rs 23,863.2 billion. Previously, the stock opened at Rs 687.50, a decrease. Max Financial shares are trading below their 5-, 20-, 50-, 100-, and 200-day moving averages. The share price of Max Financial has declined by 28.38 percent during the past year and by 29.31 percent in 2022. The stock's 52-week high was Rs 1081 on January 11, 2022, while its 52-week low was Rs 627.80 on November 23, 2022. On the BSE, a total of 12,577,000 shares of the company were traded for a volume of Rs 85.89 crore. In the last two trading sessions, Max Financial shares have declined. Meanwhile, Emkay Global has a Rs 930 price target on Max Financial sh

After major averages extended their losses to start the week, stock futures continued their downward trend.

The stock market futures went in the opposite direction on Tuesday morning, falling after the Bank of Japan indicated that it will increase the yield target range. The Dow Jones Industrial Average futures market experienced a loss of 236 points, or 0.72 percent. Futures contracts for the S&P 500 and the Nasdaq 100 both had a decline of 1.05% and 0.86%, respectively. On Monday, ordinary trading on the Dow Jones Industrial Average resulted in a loss of more than 162 points, or around 0.5%. The S&P 500 had a loss of 0.9%, while the Nasdaq Composite dropped almost 1.5%. The stock market is currently on track to finish the month and the year with a loss, and investors' expectations for a Santa Claus surge are rapidly diminishing. There has been no sign of Santa Claus as of yet. Louis Navellier, the founder of the growth investing firm Navellier & Associates, once advised his clients to "buckle up." "One would want to think that all of the bad news has been rep

The Sensex rises 460 points, the Bank Nifty rises 0.45%, and the Nifty closes above 18400; M&M is the largest winner.

Sensex, Nifty, and Share Prices Today LIVE: Bulls stage a comeback, snapping a two-day losing streak, as the NSE Nifty and BSE Sensex conclude higher in India. The Sensex rises 460 points, the Bank Nifty rises 0.45%, and the Nifty closes above 18400; M&M is the largest winner. Despite the market's flat opening, the Nifty rose more than 150 points to close at 18,420, exceeding 18,400. The Sensex finished the day up 0.76% at 61,806 points. When the entire market went from red to green intraday, the Nifty Junior or Nifty Next 50 gained over 1%. Nifty Auto led the industry gainers today, gaining 1.59%. The first public offering (IPO) of KFin Technologies began today with a price range of Rs. 347-366 per share and was subscribed to 0.49 times. The biggest barrier for the Nifty is 18,888." "Short covering and value buying dominated the market on awal Street, resulting in an unexpectedly strong day. With the exception of IT, all other sectoral indexes closed in the black, wi

Argentina's world cup coincides once more with a period of severe inflation.

As the Argentina team prepares for Sunday's World Cup final, Bloomberg reported that the country's annual inflation rate is expected to exceed 99.9% this month, and economists anticipate it will shortly surpass 100. Inflation averaged 116% in 1986, the year Diego Maradona led the Albiceleste to victory. According to central bank figures and surveys, the inflation rate in 1978, when Argentina won the tournament it hosted, was 176%. Lionel Messi, who was born a year after the 1986 triumph and is regarded by fans as the heir to Diego Maradona's legendary status, will make his final World Cup appearance against France on Sunday. Invigorated by their talisman, the team's run to the last match — from averting early elimination to racking up five consecutive victories — has thrilled a nation once again experiencing difficult economic times. However, this continuous economic characteristic of the country is not indicative of the country's World Cup performance. In 1990, hyp

The economy of Malaysia is expected to slow down in 2023.

According to statements made by analysts on Thursday, the economy of Malaysia will slow down in 2023 as a result of adverse external conditions and a slowdown in internal demand. According to Xinhua news agency, the Maybank Investment Bank Research said in a research that it anticipates Malaysia's full-year growth to drop to 4 percent in 2023 from the growth prediction of 8 percent in 2022. This is mostly reflective of a moderation in domestic demand. As pent-up spending from the complete economic re-opening evaporates next year, the research house anticipates slower growth in private consumption. This will be compounded by the effects of high inflation and high interest rates on the cost of living and real disposable income. It also forecasts a slowdown in the expansion of private consumption, which is expected to be in line with the reduced allocation for government operating expenses in Budget 2023. In addition, it was said that the forecast for slower global economic developmen

Explosions heard in the Ukrainian capital; deployment of emergency teams

Three explosions were heard in the center of Kiev as the Ukrainian government claimed to have shot down multiple Iranian-made Shahed drones. Mayor Vitali Klitschko reported that ten Shahed drones had been shot down by Ukraine's air defenses, and that emergency services had been deployed to the Shevchenkovskyi neighborhood in the city's center. "More information to come," he wrote on his Telegram channel. There was no way to independently confirm Klitschko's assertion. Ukrainian politician Oleksiy Goncharenko tweeted that he heard three explosions at 6:30 a.m. local time (04:30 GMT). The air-raid alert sounded at 5:55 a.m. (03:55 GMT), and inhabitants are advised to remain in shelters until further notice. "Ukrainians are not awakened by alarm clocks but by explosives," Goncharenko wrote. "Thanks to Russia, our neighbor! "Good morning, everyone!" Kyiv Oblast governor Oleksiy Kuleba stated that air defense systems were activated and "st

The majority of Hong Kong's restrictions on bars and restaurants are going to be lifted as part of the COVID curb withdrawal.

Hong Kong is going to do rid of some of the remaining remnants of its Covid-19 regulations, which have been responsible for destroying the city's economy and bringing its reputation as a financial hub into disrepute. As of tomorrow, incoming travelers will no longer be prohibited from visiting restaurants and bars within the first three days of arrival, and residents will no longer be required to scan a tracing app in order to enter eateries, pubs, and other venues. In addition, the ban on visiting restaurants and bars within the first three days of arrival will no longer apply to outgoing travelers. John Lee, the chief executive of Hong Kong, stated that "we have evaluated the data and danger," and one of the considerations that was considered was that the risk brought in by imported cases is actually lower than the risk of infection in the community. "We have reviewed the data and risk," The changes follow Beijing's about-face on its zero-Covid policy earl

Britain uses Brexit to change finance.

BIG BANG 2.0? Not quite, but it reflects a flip in the regulatory pendulum from years of boosting bank capital requirements and enforcing consumer safeguards to tweaking laws for Britain after Brexit. Initially branded Big Bang 2.0 on the same scale as 1980s share trading reforms, the revisions are now called the "Edinburgh Reforms" after the city where finance minister Jeremy Hunt presented them. The administration has toned down its language, stating there would be no 'race to the bottom,' huge departure from international norms, or removing investor protections. Instead, authorities should help the financial sector's international competitiveness. Hunt said it's inappropriate to label the measures a Big Bang given the need to avoid 'unlearning' lessons from the 2008 global financial crisis and emphasized regulator independence. "The city opposes deregulation. Alasdair Haynes, CEO of Aquis stock market, said today's announcements signal evol

Dar predicts economic growth

Finance Minister Ishaq Dar declared Saturday that Pakistan will not default despite opposition propaganda. "Pakistan won't default on opposition propaganda" (Pakistan Tehreek-i-Insaf). Mr. Dar told businessmen that the government isn't headed for default. Imran Khan and other PTI officials anticipate Pakistan will default due to PML-"bad N's policies." Mr. Khan believes the economy can only be stabilized with new elections and a stable government. Mr. Dar said the opposition hurts the country's economy. The opposition also spreads corruption rumors to deter foreign investment. The PTI should not meddle with the economy, he said. The minister lamented his treatment during the past PML administration. "I was a terrorist." My transgression was improving the country's economy. Mr. Dar spent five years in self-exile in the UK. He criticized the PTI and PML-N for devaluing the currency. Rupee devaluation During Shahid Khaqan Abbasi's tenu

Prices paid by manufacturers in China are on the down, leading to a slowdown in inflation among consumers.

In November, China's factory-gate prices showed an annual dip for a second consecutive month, while consumer inflation moderated, which is indicative of poor activity and tepid demand in an economy that has been held back by strict financial controls. According to the analysts' statements, they anticipated that the government will maintain low interest rates and take steps to boost confidence. According to data released by the National Bureau of Statistics (NBS) on Friday, the producer pricing index (PPI) was down 1.3% on a year earlier, which is the same as the annual contraction witnessed in October. That was a slower decline than the 1.4% drop that was predicted in a poll by Reuters. The consumer price index (CPI) for November climbed by 1.6% from a year earlier, which was less than the 2.1% annual gain that was observed in October but was in line with a poll conducted by Reuters. This was the slowest pace of growth seen in the CPI in eight months. Zhiwei Zhang, chief econom

Investors weigh the outlooks for rates and the economy as the dollar edges up.

The Federal Reserve, the European Central Bank, and the Bank of England will all be making significant policy decisions next week. Investors and traders want to know if inflation has peaked, which would give policymakers room to raise interest rates more gradually in the coming months. The Fed's policy meeting on December 14 is also important because it will come one day before the next monthly report on consumer inflation in the United States is due on December 15. "Until we have those central bank meetings and one significant monthly U.S. data release, not a great deal is occurring," RBC currency analyst Adam Cole said. "U.S. CPI is the one data release that seems to really matter for broader dollar movement at the moment." When compared to other major currencies, the dollar held constant. The last known value of the euro in US dollars was $1.0507, while the pound dropped 0.3% to $1.2171. The Japanese currency, which is quite sensitive to changes in the yield

As a result of economic concerns, the price of oil has dropped to levels that are almost as low as they were in 2022.

On Wednesday, the price of oil declined, with Brent crude coming close to reaching its yearly low. This decline was brought on by worries about an economic slowdown, as well as soothing fears that a western restriction on Russian oil prices would dramatically reduce supplies. The United States dollar gained strength as a result of cautionary statements issued by major financial institutions in the United States regarding the increased likelihood of a recession occurring in the following year. A rising dollar tends to decrease investors' appetite for risk assets and makes oil more costly for holders of currencies other than the dollar. By 10:20 GMT, the price of a barrel of Brent crude had decreased by $1.05, or 1.3%, to $78.30. Earlier, it reached $77.74, which is the lowest price since January 3 of this year. The price of crude oil in the United States fell by $1.24, or 1.7%, to $73.01 and to $72.25, which was the lowest price since late December. According to Claudio Galimberti,

What Is A Rising Wedge, and How Does It Look?

  A rising wedge is a bearish chart pattern formed by two trend lines intersecting in the center. The trend lines climb to meet one another. The first trend line connects the most recent lower highs and higher highs, while the second connects the most recent lows. The formed shape resembles an up-angled triangle. A rising wedge pattern is a falling wedge pattern. Because the low is higher than the high and the lower trend line is steeper than the upper, the rising wedge pattern could be interpreted as a bearish wedge. Even if the falling wedges have a similar shape, the only thing that distinguishes them is the angle of the triangle and the pattern. The rising wedge (ascending) pattern, which predicts future falling prices or a breakout to a downtrend, is a bearish pattern. Despite the wedge capturing the price action continuing higher, trade volume reductions may imply that sellers are consolidating their position in anticipation for a bearish breakout. In contrast, the falling wedge

Brief Global Futures Trading Platforms Market Analysis for 2022

With a projection period of 2022 to 2029, the Global Futures Trading Platform Market Research includes an in-depth analysis of market growth, assessment, region analysis, Futures Trading Platforms market distribution, and competitive landscape analysis of the industry's leading players. It offers qualitative and quantitative market statistics for Futures Trading Platforms, with accurate data displayed in pie charts, tables, and figures. It also features a number of useful tools as well as current and projected market trends. Furthermore, it gives detailed information about future market scenarios, as well as attractive opportunities and conditions that will allow it to keep its place in the sector. Furthermore, the report discusses a variety of market effectiveness, techniques, and beginnings. It examines the past, the Futures Trading Platforms market's reach, and the current status in order to forecast future goals and aspirations. It also computes gross margin, import/export

What Does A Rising Wedge Mean?

What Exactly Is A Rising Wedge? The rising wedge chart pattern is a negative chart pattern made up of two convergent trend lines. The pattern's first trend line connects the recent lower and higher highs, while the pattern's second trend line connects the recent lows. The end result is a shape that resembles a triangle with an upward tilt. A falling wedge pattern occurs in the opposite direction as a rising wedge pattern. Because the low has surpassed the high and the lower trend line is steeper, the rising wedge pattern may be interpreted as a bearish wedge. Although the falling wedges have a similar geometry, the only differences are the angle at which the triangle is slanted and the pattern's inference. The rising wedge (ascending) pattern is a bearish chart pattern because it predicts future dropping prices or a breakout to a downtrend, and trading volume decreases as the wedge progresses. Even if the wedge continues to capture price activity and advance higher, the dec