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HONG KONG: For years, Hong Kong was a hotspot with plum jobs for overseas bankers as global firms hired aggressively. But many recently laid-off bankers in the city are finding that cost-cutting and a demand for Mandarin speakers have diminished the opportunities for expats in Asia’s financial hub.
LONDON: Bitcoin dipped almost 8%, extending losses the day after US Federal Reserve chairman Jerome Powell called for a halt to Facebook’s Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.
LONDON: Bitcoin dipped almost 8% on Thursday, extending losses the day after U.S. Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.
PETALING JAYA: As the digital currency market expands, scammers are zooming in to cash in, say experts.
TAIPEI: New York University professor and outspoken blockchain critic Nouriel Roubini has unleashed another fiery tirade against cryptocurrencies in front of hundreds of crypto enthusiasts – and he wants everyone to know it.
NEW YORK: Bitcoin’s rise was meteoric this week -- and its decline has been just as swift. It’s easy come, easy go in the crypto world, where a frenzy over Bitcoin pushed its price to nearly $14,000 on Wednesday, its highest level since January 2018.
Heading in to the G20 summit, Facebook is on notice from powerful regulators including the Fed chief that its ambitious plans for a global crypto-currency face piercing scrutiny.
SINGAPORE: The virtual currency surged as much as 14% on Wednesday, topping US$12,900 for the first time since January 2018, and bringing its gain since early April to more than 200%.
ZURICH: Policy makers around the globe have been cool to the idea of Facebook Inc.’s planned Libra cryptocurrency. In Switzerland? They liked it so much, Facebook decided to set up shop there.
HONG KONG: Bitcoin traded above US$11,000 for the first time in 15 months, recouping more than half of the parabolic increase that captured the attention of mainstream investors before the cryptocurrency bubble burst last year.