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New numbers show China has sold $101.9 billion in US Treasury securities over the past 12 months.
The Treasury Department says China cut its holdings from $869.3 billion in March of last year to $767.4 billion in March of this year.
China’s holdings have steadily dropped from an all-time high of $1.31 trillion, which was set in November of 2013.
The news comes as China shifts away from the...
Ripple chief executive Brad Garlinghouse doesn’t think that the leading meme token Dogecoin (DOGE) helps crypto.
While speaking at Consensus, Garlinghouse laments that the United States “represents the bottom decile of regulatory clarity” for digital assets and acknowledges that it’s difficult to predict when institutional money will provide upside opportunity for the crypto sector.
The Ripple...
The Japanese crypto exchange DMM Bitcoin announced on Friday that it had been hacked for more than $300 million worth of BTC.
The exchange said it lost 4502.9 BTC ($305 million) in what the crypto investigative firm Chainalysis called “the seventh-largest crypto hack ever.”
DMM Bitcoin announced the hack on Friday morning and promised it would replace customers’ stolen Bitcoin, though the...
Black hat hackers have reportedly unleashed malicious software targeting over 1,500 banks and their customers worldwide.
Security researchers at IBM say a revamped version of the Grandoreiro banking trojan has just rolled out, enabling attackers to perform banking fraud in 60 countries.
The malware allows attackers to send email notices that appear to be urgent government requests for payments....
A widely followed crypto analyst believes two memecoins have massive upside potential in the coming months.
Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that he is bullish on both Pepe (PEPE) and PepeCoin (PEPECOIN).
However, he warns the memecoins may first retest lower levels.
“Both of these probably pullback in the short term but I’m...
A closely followed trader is claiming that no new retail investors are joining the crypto market, but he believes one event could attract the newbies.
Pseudonymous trader The Flow Horse tells his 217,800 followers on the social media platform X that it will likely take Bitcoin (BTC) hitting six figures before new retail investors start entering the crypto market.
“No new retail investors are...
The host of the Coin Bureau channel, Guy Turner, is offering his price projections for Solana (SOL) competitor Sui (SUI).
Turner tells the 2.48 million subscribers of the Coin Bureau YouTube channel that Sui possesses “serious potential” over the long term.
On the reasons for his bullish thesis, the Coin Bureau host says,
“[Sui] meets the criteria of a crypto that retail could ape into. It has a...
A widely followed cryptocurrency analyst and trader is warning that a Solana (SOL)-based memecoin looks primed for an epic collapse.
The analyst pseudonymously known as Bluntz tells his 260,700 followers on the social media platform X that dogwifhat (WIF) could lose around 70% of its value from current levels.
The crypto strategist says that WIF is in the midst of a C-wave correction that could...
President Biden has followed through on a promise to veto SEC-related crypto legislation that recently passed the House and Senate.
The bill would have reversed guidance from the SEC that says certain companies should label crypto assets as liabilities on their balance sheet, even if they are simply holding the assets on behalf of customers.
In a letter to the House of Representatives, President...
A couple in California says Wells Fargo failed to protect $30,000 that was lost to hackers in a heartbeat.
Ron Scott and his wife Jan say criminals recently logged into their Wells Fargo account after managing to hack one of their email passwords, reports CBS 8.
The Scotts say the bank should have raised red flags and required additional authorization when $50,000 was transferred from that...