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CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans


The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises...

FBI Seizes $6M in Crypto From Southeast Asian Scammers


U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency platforms. The Department of Justice (DOJ) and the Federal...

Asian Markets Cashed out During Recent Gold Rally


Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with local dealers preparing for regulatory changes, while...

Amazon's Fallout Series And Star Walton Goggins Score Emmy Nominations


After months of critical and public acclaim, Amazon’s Fallout series can now add “Emmy nominated” to its list of superlatives. The annual television awards show just released the full list of this year’s nominees, and while the adaptation of the post-apocalyptic RPG games didn’t garner a huge...

Hong Kong’s Bosera HashKey ETFs dominate the Asian market


Bosera HashKey virtual asset exchange-traded funds (ETFs) have experienced a historic moment as their assets under management surpassed $110 million for the first time. The Bosera HashKey Ether ETF (3009.HK) has maintained a comparable situation, maintaining a balance of over 6,000 ETH since...

Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness


Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in...

Asian Crypto Venture Firms Launch $128M ETF Liquidity Fund in Hong Kong


Three Asian-based ventures have joined forces to launch Hong Kong's first-ever ETF liquidity fund. The fund is valued at HK$1b (about $128m), according to a statement published Wednesday. The post Asian Crypto Venture Firms Launch $128M ETF Liquidity Fund in Hong Kong appeared first on Cryptonews

Animoca Brands and Saakuru Labs unite to push Southeast Asian Web3 gaming


Animoca Brands has announced a partnership with Saakuru Labs. The objective is to promote the adoption and integration of blockchain technology at Saakuru Labs. This is anticipated to contribute to the expansion of the Web3 gaming industry globally, particularly in Southeast Asia, where...

Nvidia Partners with Vietnamese IT Firm FPT to Construct $200M AI Factory


The American chipmaker Nvidia and the Vietnamese IT business FPT collaborated to establish a $200 million artificial intelligence (AI) plant in Vietnam. The partnership, which was revealed on April 23, will culminate in the establishment of a cloud computing and artificial intelligence hub in...

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