EUR/USD 1.12129
0.119%
Gold 4209.54
0.341%
Oil 89.380
-1.628%
USD/JPY 158.171
-0.064%
GBP/USD 1.32480
0.059%
GBP/JPY 209.551
-0.005%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 12th, DBS Group CEO Shushan Chen stated that the market is reassessing the risks associated with investments in artificial intelligence (AI) infrastructure, which could lead to a more cautious AI financing environment. She said, "The market has sent a signal. This isnt a bad thing, because investors are now demanding higher returns and paying more attention to financing structures." Chen pointed out that the market is examining whether the large amounts of capital invested in the AI capital expenditure ecosystem can generate sufficient long-term returns to ultimately repay debt, bond, or equity investors. DBS believes that some weaker companies may face the risk of credit rating downgrades. However, Chen believes this risk repricing is "healthy" because the market wants to ensure that large-scale AI investments are sustainable and have long-term profitability. She stated, "The market is confirming whether these huge investments are truly sustainable." Chen revealed that DBS has participated in approximately $20 billion in AI-related transactions this year, mostly as the lead arranger for syndicated loans, but the bank itself only holds a small portion of the risk exposure.A subsidiary of Indonesias state-owned oil company, Petronas, signed a purchase agreement with Italys Eni to acquire interests in three oil and gas blocks.On Monday, October 12, the Hang Seng Index opened 223.58 points higher, or 0.92%, at 24,434.93; the Hang Seng Tech Index opened 43.23 points higher, or 1.03%, at 4,241.07; the H-share Index opened 81.45 points higher, or 1.0%, at 8,229.32; and the Red Chip Index opened 12.18 points higher, or 0.3%, at 4,061.13.Hang Seng Index futures opened 0.85% higher at 24,398 points, a premium of 187 points.The Governor of the Bank of Korea said the timing and pace of further interest rate hikes will depend on the data.

Crypto crime hits record $20 billion in 2022, report says

Skylar Shaw

Jan 13, 2023 15:41

微信截图_20230113101059.png


In 2022, the cryptocurrency industry struggled as risk taking decreased and many crypto businesses went under. Regulators increased requests for more consumer protection as a result of the significant losses suffered by investors.


Despite a decline in total crypto transaction volumes, Chainalysis reported that the value of crypto transactions involving illegal activities increased for the second year in a row.


According to Chainalysis, transactions involving sanctioned organizations grew more than 100,000 times in 2022 and accounted for 44% of all illegal activities in 2017.


Much of 2022's unlawful volume was made up of funds received through the Russian exchange Garantex, which the U.S. Treasury Department sanctioned in April. Chainalysis said that the majority of the activity was "likely Russian users utilizing a Russian exchange." Wallets are labeled as "illicit," according to a Chainalysis spokeswoman, if they are a part of an approved company.


An email request for comment from Garantex did not get a response right away.


Additionally, the United States placed sanctions on cryptocurrency mixing services Blender and Tornado Cash last year, alleging that they were being used by hackers, including those from North Korea, to launder billions of dollars in profits from their cybercrimes.


While other illegal cryptocurrency transactions, such as those involving frauds, malware, funding terrorism, and human trafficking, witnessed volume declines last year, the amount of stolen cryptocurrency money increased by 7%.


"The recent market decline might be contributing to this," stated chain analysis. We've discovered in the past, for example, that cryptocurrency scams make less money during weak markets.


According to Chainalysis, the $20.1 billion estimate only accounts for transactions that are visible on blockchains and leaves out "off-chain" crimes like false accounting by cryptocurrency companies.


According to Chainalysis, the statistic does not include instances in which cryptocurrency is used as payment for non-crypto crimes, such as drug trafficking, or when it is the profits of such crimes.


The paper noted that the number for 2021 was raised from $14 billion to $18 billion as additional scams were uncovered. "We have to emphasise that this is a lower bound estimate - our measure of unlawful transaction volume is expected to expand with time," it added.


Suggestion