FBI Creates ‘NexFundAI’ to Trap Crypto Scammers
The FBI created its cryptocurrency, “NexFundAI,” as part of an undercover operation to catch crypto market manipulators. An unsealed indictment charged 18 individuals and several firms with artificially inflating token prices through sham trades. An covert operation is common for the U.S. Federal Bureau of Investigation (FBI). Nevertheless, this would be the bureau’s inaugural attempt […]
China Unveils ¥500B Fund to Boost Stock Market
China’s central bank launched a ¥500 billion ($70.6 billion) funding scheme to support the stock market, allowing financial institutions to use assets as collateral for liquidity. Today, the People’s Bank of China (PBOC) announced establishing a ¥500 billion ($70.6 billion) funding initiative to assist the Chinese capital market. Using their existing stock holdings as collateral […]