Data acquired by Finbold indicates about 287 million adults, or 20% of the Chinese population, are unbanked as of Q1 2021. There is a significant difference compared to fellow economic powerhouse the United States, where only 7% of the population or 23.17 million adults are unbanked. Therefore, the Chinese unbanked population is at least over 12 times higher when compared to the US. Among the top ten most unbanked countries, Morocco ranks top at 71% representing 26....

On August 22, Chinese banks lowered their benchmark lending rates while authorities jumped in to offer support for the property market with additional loans. Yet, according to Fitch Ratings, these latest attempts to stabilize the Chinese property sector while avoiding any excessive stimulus could reignite home prices. Furthermore, Fitch states that the central government used a three-pronged approach to alleviate the economic pain caused by the property sector, introducing policies targeting homebuyers, stalled projects, and developers not facing financial distress....

Speaking during an interview on CNBC, Bailin noted that as a result, investments based on cash will likely return negative rates over the period unless investors turn to profitable sectors. He, therefore, recommends investing in private equity, real estate, and industries that explore globalization. Furthermore, Bailin stated that technology will still play a crucial role in the investment space while noting that Artificial Intelligence and cybersecurity companies will likely offer better returns....

Indeed, commodity strategist at Bloomberg Intelligence Mike McGlone has stated that the crypto market slump can trigger a capitulation in other markets in what he termed as ‘macroeconomic dominoes’, he said in a tweet on November 9. In a market analysis, the strategist suggested that although the FTX fallout is a shock to the crypto sector, the macroeconomic effect might be significant. Bitcoin likely to correct to $10,000 However, McGlone maintained that Bitcoin remains one of the fastest horses in the race, but the asset risks testing $10,000 support....

New research has revealed that 43% of Australians consider the volatility of cryptos as their primary deterrent to purchasing them, a 14% rise over the same response in a January survey. Thirty-two percent of respondents would rather purchase stocks or save money, while 25% believed cryptocurrencies were overpriced. Moreover, since the beginning of the year, the proportion of Australians who feel Bitcoin is overpriced has increased by nine percentage points....

Notably, the audit carried out by Deloitte, a globally recognized auditing and consulting firm, demonstrates that Crypto.com adheres to the most stringent standards in terms of data privacy and data protection, as per a press release by the crypto exchange. Deloitte confirmed that Crypto.com’s information security processes, policies, procedures, and operations comply with AICPA Trust Services Criteria in Security, Confidentiality, Processing Integrity, and Privacy. Crypto.com improving security practices The results of the independent validation demonstrate that the current internal controls have been successfully established, implemented, and operated to satisfy the standards of the most advanced security practice in the sector....

Investors in Dogecoin (DOGE) are still hopeful that the meme coin will have a positive month in September despite the turbulent state of the cryptocurrency sector, which has been in a larger bear market throughout 2022. The CoinMarketCap crypto community is projecting that the dog meme token will trade at an average of $0.08991 by the end of September 2022, which is still shy of the $0.01 critical psychological level, based on the votes of 1,079 votes – using the ‘Price Estimate’ function, which enables users to predict the future value of cryptocurrencies....

Despite the market uncertainty, a CoinMarketCap community with an 82% prediction accuracy projects a bullish outlook placing XRP’s price at $0.93 by the end of February with 3,339 votes. The target represents 57% growth from the asset’s current value. As of March 31, 2022, the community believes the asset will surge 76% from the current price to trade at $1.05 with 1,327 votes. The price prediction points to a bullish outlook that can be viewed as good news for Ripple fans factoring in aspects affecting the token concerning the SEC lawsuit....

The malicious software, referred to as “Nitokod,” was designed as a desktop program for Google Translate and was built by an organization located in Turkey, according to Check Point Research (CPR) on August 29. In the lack of an official desktop client for Google’s Translate services, a large number of Google users have downloaded this program on their computers. When this program is installed on a smartphone, it immediately begins setting up a sophisticated cryptocurrency mining business on that device....

In a letter published on February 16, 2022, Nicoll stated that he is overwhelmed with stress and a possible conflict of interest. He noted that the conflict might emerge since his day job employer is shifting to the blockchain scene. However, Nicoll said that he will remain as an advisor to Dogecoin as part of facilitating a smooth transition, for the next four to eight weeks. Nicoll added that despite contributing to the growth of Dogecoin, the main concern was from unknown third-party entities who claimed to be the meme coin’s core developers....

The incident occurred in 2019, and as a result, faculty, staff, and students at Maastricht University were unable to access crucial personal data, including academic work, according to a report by Dutch daily news outlet De Volkskrant. In order for the institution to obtain access to the data, the cybercriminals wanted a ransom payment of €200,000 (about $208,000) in Bitcoin. After a thorough investigation, the Dutch police were able to locate the bank account of a money launderer in Ukraine into which €40,000 of the ransom had been transferred....

Speaking with CNBC, Graham Tuckwell of (ETF) Securities discussed on May 18, the recently launched crypto ETFs in Australia. These ETFs are listed on the CBOE Exchange and fully backed by assets held in cold storage, while tracking the Australian dollar price of Bitcoin and Ethereum, respectively. Tuckwell said in the interview: Asked if there are facilities present, which would potentially even out price swings, Tuckwell explained: Capitulation time The reception for the ETFs was muted as global crypto markets were rocked by the collapse of the stablecoin UST....

As of September 5, Ethereum emerged as the most-trending crypto leading the seven-day chart, according to CoinMarketCap data. The asset trading at $1,564 has recorded gains of 8.13% in the last seven days. At the same time, Ethereum’s old chain Ethereum Classic emerged as the fifth overall trending crypto with gains of 3.83% in the last seven days, trading at $32.09. Ethereum rallies despite market sell-off Ethereum’s rally has come despite the general crypto market experiencing a significant sell-off....

The 10BASE-T and 100BASE-TX Ethernet standards use one wire pair for transmission in each direction. This requires that the transmit pair of each device be connected to the receive pair of the device on the other end. When a device is connected to a switch, the crossover is done internally in the switch. Because of this internal “crossover” mechanism inside the switch, a standard straight cable is used when connecting network devices to the switch....

Furthermore, NBE claimed in a statement released on Monday, June 6, that the usage of cryptocurrencies such as Bitcoin was growing more common despite the fact that it is against the law and considered ‘illegal,’ according to the Ethiopian outlet Addis Standard. In particular, the bank declared that it never gave permission for cryptocurrencies in the country and warned that those who are using them would face repercussions. Crypto users will face repercussions Indeed, the central bank issued a warning that virtual currencies are being utilized in Ethiopia to carry out unofficial financial transactions as well as schemes involving the laundering of money....

Having provided titles to many platforms in the past, Ready At Dawn will also become a valuable addition to Facebook. The game developer has created four titles for the Oculus Platform, including Echo Combat, Echo Arena, Lone Echo, and Lone Echo II that is already in development. Lone Echo set the bar for narrative VR experiences and re-wrote the playbook for virtual reality movement mechanics with the launch of Ready At Dawn’s popular ingenious continuous locomotion system and full-body IK (inverse kinematics)....

Sources familiar with the matter state that the venture, launched in 2019 as Libra, is being sold for $200 million to California’s Silvergate Capital bank, the Wall Street Journal reports. Furthermore, a separate report indicates that Diem had initially encountered challenges in finding a prospective buyer. Notably, the company has been in talks with investment banks about selling its intellectual property and finding a destination for its engineers. Diem Association, which handles the development of the Diem digital currency, will return capital to investors after selling its assets....

The Federal Bureau of Investigation (FBI) is collaborating with MTI’s liquidators to protect the interests of several U.S. and local investors who are out of pocket, according to a recent Bloomberg report. Mirror Trading International had approximately 260,000 members throughout the world in November 2020 and also held a total of 23,000 Bitcoins, now worth around $885 million. MTI was placed in final liquidation in June 2021 and was labeled a Ponzi scam by South African financial officials on top of being seen as 2020’s biggest crypto scam in a chain analysis report....

Previously known as Wise Origin Bitcoin Index Fund I, LP gained incorporation in 2020. It currently operates from the same Boston headquarters where Fidelity manages $8.3 trillion in customer funds. The early documentation discloses quite little details about the fund and shows that no investor has so far participated as discovered by Forbes. The minimum investment required to join the pooled investment fund is $100,000. Hence, it is likely meant for institutional and accredited investors only....

The Fidelity Physical Bitcoin ETP (FBTC), dubbed the cheapest in Europe, will be listed on the Deutsche Boerse and Frankfurt Stock Exchange, ETF Stream reports. The product comes with a total expense ratio (TER) of 0.75% alongside SEBA Bank’s Bitcoin Tracker Certificate USD (SBTCU). Additionally, the product is expected to earn listings on six other exchanges within the coming weeks. Fidelity Digital Assets will act as the custodian for the FBTC while Eurex Clearing has been mandated to centrally clear the product....