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Big techs are in big trouble. Lawmakers are pulling up big tech companies over unfair business practices. Are these firms abusing their market power?

World Business Watch: Big tech firms abusing their market power?

Tesla has been sued in a proposed class action accusing Elon Musk's company of misleading the public by falsely advertising its autopilot and full self-driving features.

World Business Watch: Tesla sued by drivers over autopilot, full self-driving features

Though many of the experts of fifth-generation warfare thought that conventional war has become history, the Russia-Ukraine war has put their idea of modern-day warfare into serious scrutiny.&nbsp;

Many thought that in the twenty-first century warfare will be determined less on the battlefield and more in cubicles and on screen.&nbsp;

However, global economic repercussions caused by the warfare between Russia and Ukraine and economic warfare between Russia and, Europe and&nbsp;the United States, their spiralling actions and counteractions by the two sides have already brought the world to the brink of recession.&nbsp;

Russia has continued its oil exports, though it has had to give a deep discount. But the EU has paid a high price. Russia has reduced gas supply through Nordstrom I to 20% of capacity.&nbsp;

The price of natural gas has soared in the EU to $60 per MMBTU. This will have a cascading effect on the price of LNG in Asian markets. They have tripled to $45.39 per MMBTU on August 2022, from $15.65 MMBTU a year ago on August 2021.&nbsp;

In order to survive winter, the EU has initiated operations at conventional fossil fuel units (coal base, oil-based), which were taken out of operation due to their commitment to net zero by 2050.&nbsp;

This may further push back the target emission cut committed by the EU at London Summit. High gas prices have pushed the EU to switch from gas to oil and coal to meet its heating and power needs. This will add to the oil demand. The oil market is calm now because of the fear of recession. But if falling prices lead OPEC to cut production again, there will be a spike in crude prices again.&nbsp;

The oil prices will also be affected by the fate of the Iranian nuclear deal. Recently, the negotiations had been resumed in Vienna. The delegations have now gone back to their capitals for a political decision. If the deal works out, it will pave the way for Iranian oil exports to be resumed. Before the latest round of sanctions, Iran was exporting 2.1 million barrels per day.&nbsp;

This will not substitute more than five million barrels of Russian oil exports in case EU sanctions against that country deepen. Iranian oil, if it comes back to the market, will be a relief for the international oil market, though would not be sufficient to substitute Russian Supplies for EU, considering the same production rate from OPEC. However, considering the present US-Israel-EU lobbying and the current stance of the Iranian govt., it can be predicted that Iranian oil may not come into the international market in near future soon.&nbsp;

In the meantime, the Middle East has become a field for the cold war for US and Russia. US President Joe Biden’s visit to Israel and Saudi Arabia was followed by the visit of Russian President Vladimir Putin to the other side of the gulf. Putin visited Tehran, where he also met the Turkish President. The Turkish economy has been in deep crisis, but its President harbours regional ambitions. Its control of the entry and exit from the Black Sea has underlined its locational advantage for both sides in the Ukraine crisis. This has increased the importance of Turkey to both camps, though Turkey is a NATO member.&nbsp;

The sharp increase in oil prices following the Ukraine war brought President Biden to Saudi Arabia. This was seen as a departure from the position taken by candidate Biden during his election campaign when he had criticized the Crown Prince and threatened to make the Saudi Kingdom a pariah state. What prompted President Biden’s visit to the Saudi Kingdom was the increase in petrol price at the pump in the USA. This had reached the US-wide average of $5 per gallon. This was well past the comfort level of $4 per gallon long held as the limit the US consumer could tolerate. This had an ominous implication in an election year. The Congressional elections are due in November. A loss of the democratic majority in the house would seriously cramp President Biden’s capacity to shape the legislative agenda for the rest of his term.

The Crown Prince promised an increase in production. But the increase of 1,00,000 barrels per day announced subsequently by OPEC&nbsp;was rather disappointing. It was the smallest increase by that grouping in recent years. Despite, the underwhelming response to US President’s request, the market has not only stayed calm, but the prices have gone down.

The OPEC basket of crude has come down from $110.9 to $103.2 per barrel from July’22 last week to August’22 last week. The Indian crude oil basket has come down from $108.92 to $98.31 per barrel during the same period. This can only be attributed to fear of recession. The US economy has contracted for two quarters in a row. The balance in the oil market remains precarious. Any increase in geopolitical tensions in Europe could again lead to a spike in prices.&nbsp;

As the US is trying artificially hold the price of crude in the international oil market by pushing OPEC/Saudi Arabia, any upliftment of sanction on Russian or Iranian oil may immediately spike the oil price very high, as OPEC will not let their revenue cut due to reduction of capacity in future. Crown Prince Mohammad Bin Salman promised to raise the oil production to 13 million barrels per day by 2027.&nbsp;

But this is the long-range target. President Biden wanted prices to be moderated before the elections. The overriding concern was to maintain international oil price stable, even if more stringent EU sanctions against the import of Russian oil go into effect.&nbsp;

Though many of the experts of fifth-generation warfare thought that conventional war has become history, the Russia-Ukraine war has put their idea of modern-day warfare into serious scrutiny.

Though many of the experts of fifth-generation warfare thought that conventional war has become history, the Russia-Ukraine war has put their idea of modern-day warfare into serious scrutiny. Many thought that in the twenty-first century warfare will be determined less on the battlefield and more in cubicles and on screen. However, global economic repercussions caused by the warfare between Russia and Ukraine and economic warfare between Russia and, Europe and the United States, their spiralling actions and counteractions by the two sides have already brought the world to the brink of recession. Russia has continued its oil exports, though it has had to give a deep discount. But the EU has paid a high price. Russia has reduced gas supply through Nordstrom I to 20% of capacity. The price of natural gas has soared in the EU to $60 per MMBTU. This will have a cascading effect on the price of LNG in Asian markets. They have tripled to $45.39 per MMBTU on August 2022, from $15.65 MMBTU a year ago on August 2021. In order to survive winter, the EU has initiated operations at conventional fossil fuel units (coal base, oil-based), which were taken out of operation due to their commitment to net zero by 2050. This may further push back the target emission cut committed by the EU at London Summit. High gas prices have pushed the EU to switch from gas to oil and coal to meet its heating and power needs. This will add to the oil demand. The oil market is calm now because of the fear of recession. But if falling prices lead OPEC to cut production again, there will be a spike in crude prices again. The oil prices will also be affected by the fate of the Iranian nuclear deal. Recently, the negotiations had been resumed in Vienna. The delegations have now gone back to their capitals for a political decision. If the deal works out, it will pave the way for Iranian oil exports to be resumed. Before the latest round of sanctions, Iran was exporting 2.1 million barrels per day. This will not substitute more than five million barrels of Russian oil exports in case EU sanctions against that country deepen. Iranian oil, if it comes back to the market, will be a relief for the international oil market, though would not be sufficient to substitute Russian Supplies for EU, considering the same production rate from OPEC. However, considering the present US-Israel-EU lobbying and the current stance of the Iranian govt., it can be predicted that Iranian oil may not come into the international market in near future soon. In the meantime, the Middle East has become a field for the cold war for US and Russia. US President Joe Biden’s visit to Israel and Saudi Arabia was followed by the visit of Russian President Vladimir Putin to the other side of the gulf. Putin visited Tehran, where he also met the Turkish President. The Turkish economy has been in deep crisis, but its President harbours regional ambitions. Its control of the entry and exit from the Black Sea has underlined its locational advantage for both sides in the Ukraine crisis. This has increased the importance of Turkey to both camps, though Turkey is a NATO member. The sharp increase in oil prices following the Ukraine war brought President Biden to Saudi Arabia. This was seen as a departure from the position taken by candidate Biden during his election campaign when he had criticized the Crown Prince and threatened to make the Saudi Kingdom a pariah state. What prompted President Biden’s visit to the Saudi Kingdom was the increase in petrol price at the pump in the USA. This had reached the US-wide average of $5 per gallon. This was well past the comfort level of $4 per gallon long held as the limit the US consumer could tolerate. This had an ominous implication in an election year. The Congressional elections are due in November. A loss of the democratic majority in the house would seriously cramp President Biden’s capacity to shape the legislative agenda for the rest of his term. The Crown Prince promised an increase in production. But the increase of 1,00,000 barrels per day announced subsequently by OPEC was rather disappointing. It was the smallest increase by that grouping in recent years. Despite, the underwhelming response to US President’s request, the market has not only stayed calm, but the prices have gone down. The OPEC basket of crude has come down from $110.9 to $103.2 per barrel from July’22 last week to August’22 last week. The Indian crude oil basket has come down from $108.92 to $98.31 per barrel during the same period. This can only be attributed to fear of recession. The US economy has contracted for two quarters in a row. The balance in the oil market remains precarious. Any increase in geopolitical tensions in Europe could again lead to a spike in prices. As the US is trying artificially hold the price of crude in the international oil market by pushing OPEC/Saudi Arabia, any upliftment of sanction on Russian or Iranian oil may immediately spike the oil price very high, as OPEC will not let their revenue cut due to reduction of capacity in future. Crown Prince Mohammad Bin Salman promised to raise the oil production to 13 million barrels per day by 2027. But this is the long-range target. President Biden wanted prices to be moderated before the elections. The overriding concern was to maintain international oil price stable, even if more stringent EU sanctions against the import of Russian oil go into effect.

International oil and gas prices may further surge. World is on the verge of deep recession

Do Kwon, who co-founded the business that created the cryptocurrencies Terra Luna and TerraUSD, is the subject of an arrest warrant issued by a South Korean court.&nbsp;

Investors were alarmed by the&nbsp;stunning drop in the cryptocurrencies earlier this year, which caused key token prices to crash. The Singapore-registered Terraform Labs, according to the prosecution, violated capital market regulations.&nbsp;

In May, Terra Luna lost 99 per cent of its value, which was made worse by a decline in TerraUSD, its sister currency.
<img alt="Cryptocrash" data-align="center" data-caption="Terra Luna cryptocrash; Source: Bloomberg" data-entity-type="file" data-entity-uuid="337b16cd-edb1-4672-b436-d4853e660675" src="//cdn.wionews.com/sites/default/files/inline-images/1200x861.jpg" />
Kwon and five other people involved in the case have arrest warrants, a representative for the South Korean prosecutor's office told the BBC. She wouldn't say how near the authorities were to making the arrests, though.&nbsp;

Kwon is reportedly believed to be in Singapore, a country without a formal extradition treaty with South Korea. In a recent interview with the cryptocurrency show Coinage, Kwon stated that it was "kind of hard" to determine whether to go back to South Korea. Additionally, he asserted that he had "never been in touch&nbsp;with the investigators."

Also Read:<a href="https://www.wionews.com/world/data-lab-fed-up-with-mundane-beer-options-a-brewing-revolution-is-underway-in-the-us-516212">&nbsp;Data Lab| Fed up with mundane beer options? A brewing revolution is underway in the US</a>

According to the Financial Times, prosecutors intend to deactivate Kwon's passport and cooperate with the international policing organisation Interpol to arrest and extradite him from Singapore.&nbsp;

Midway through May, the Terra Luna token dropped from a high of nearly $100 (£87) to $0.09. Its demise was associated with and made worse by a decline in TerraUSD's value, a so-called "stablecoin."&nbsp;

Stablecoin developers work to maintain parity with other assets, such as the US dollar. But TerraUSD's price dropped to $0.40.&nbsp;

A sell-off in popular cryptocurrencies like Bitcoin, Ethereum, and Tether was sparked by the collapse in Terra. The phrase "cryptocrash" became popular online as a result.

(with inputs from agencies) 
&nbsp;

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Do Kwon, who co-founded the business that created the cryptocurrencies Terra Luna and TerraUSD, is the subject of an arrest warrant issued by a South Korean court.

Do Kwon, who co-founded the business that created the cryptocurrencies Terra Luna and TerraUSD, is the subject of an arrest warrant issued by a South Korean court. Investors were alarmed by the stunning drop in the cryptocurrencies earlier this year, which caused key token prices to crash. The Singapore-registered Terraform Labs, according to the prosecution, violated capital market regulations. In May, Terra Luna lost 99 per cent of its value, which was made worse by a decline in TerraUSD, its sister currency. Kwon and five other people involved in the case have arrest warrants, a representative for the South Korean prosecutor's office told the BBC. She wouldn't say how near the authorities were to making the arrests, though. Kwon is reportedly believed to be in Singapore, a country without a formal extradition treaty with South Korea. In a recent interview with the cryptocurrency show Coinage, Kwon stated that it was "kind of hard" to determine whether to go back to South Korea. Additionally, he asserted that he had "never been in touch with the investigators." Also Read: Data Lab| Fed up with mundane beer options? A brewing revolution is underway in the US According to the Financial Times, prosecutors intend to deactivate Kwon's passport and cooperate with the international policing organisation Interpol to arrest and extradite him from Singapore. Midway through May, the Terra Luna token dropped from a high of nearly $100 (£87) to $0.09. Its demise was associated with and made worse by a decline in TerraUSD's value, a so-called "stablecoin." Stablecoin developers work to maintain parity with other assets, such as the US dollar. But TerraUSD's price dropped to $0.40. A sell-off in popular cryptocurrencies like Bitcoin, Ethereum, and Tether was sparked by the collapse in Terra. The phrase "cryptocrash" became popular online as a result. (with inputs from agencies)

South Korea issues arrest warrant for Terra Luna founder on charges of 'cryptocrash'

Fitch Ratings has lowered the GDP forecasts for all the major economies citing high inflation, the European gas crisis&nbsp;and a sharp acceleration in the pace of global monetary policy tightening.&nbsp;

The world is now expected to grow at 2.4 per cent for the current year from the earlier projection of 2.9 per cent, according to Fitch's Global Economic Outlook.

For India, Fitch expects it to now grow at 7 per cent from earlier 7.8 per cent in 2022-23, with the growth expected to slow further to 6.7 per cent from 7.4 per cent projected before in 2023-24.&nbsp;

"The eurozone and UK are now expected to enter recession later this year and Fitch forecasts that the US will suffer a mild recession in mid-2023,” Fitch said in its latest global economic outlook.&nbsp;

Pointing out that India's 13 per cent growth in April to June quarter was below its expectation of an 18 per cent rise, Fitch in its report said, “Seasonally adjusted estimates show a 3.3 per cent quarter on quarter decline though this seems to be at odds with high-frequency indicators.”&nbsp;

It, however, cited improvements in Purchasing Manager Indices and industrial growth through the quarter. &nbsp;&nbsp;

“The manufacturing PMI index also recovered strongly in July and remained upbeat in August, with the Reserve Bank of India (RBI) saying that “domestic activity remains resilient.”&nbsp;

"Nevertheless, we expect the economy to slow down given the global economic backdrop, elevated inflation and tighter monetary policy,” the agency said.

The firm has cautioned that the risk of food inflation persists despite India registering a modest rise in August.

“Core inflation, which excludes food, fuel and light, remained elevated at 6% while inflation expectations have also stayed high. The RBI’s latest survey of household inflation expectations eased in July, but expectations are still far above pre-pandemic levels,” it said.

“Destabilising inflation expectations could risk triggering second-round effects, according to the minutes of the RBI’s August policy meeting. While the RBI expects monthly inflation data to be volatile in the near term, its expectation is for the consumer price inflation to ease towards the end of the year,” the agency added.&nbsp;

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Fitch Ratings has lowered the GDP forecasts for all the major economies citing high inflation, the European gas crisis and a sharp acceleration in the pace of global monetary policy tightening.

Fitch Ratings has lowered the GDP forecasts for all the major economies citing high inflation, the European gas crisis and a sharp acceleration in the pace of global monetary policy tightening. The world is now expected to grow at 2.4 per cent for the current year from the earlier projection of 2.9 per cent, according to Fitch's Global Economic Outlook. For India, Fitch expects it to now grow at 7 per cent from earlier 7.8 per cent in 2022-23, with the growth expected to slow further to 6.7 per cent from 7.4 per cent projected before in 2023-24. "The eurozone and UK are now expected to enter recession later this year and Fitch forecasts that the US will suffer a mild recession in mid-2023,” Fitch said in its latest global economic outlook. Pointing out that India's 13 per cent growth in April to June quarter was below its expectation of an 18 per cent rise, Fitch in its report said, “Seasonally adjusted estimates show a 3.3 per cent quarter on quarter decline though this seems to be at odds with high-frequency indicators.” It, however, cited improvements in Purchasing Manager Indices and industrial growth through the quarter. “The manufacturing PMI index also recovered strongly in July and remained upbeat in August, with the Reserve Bank of India (RBI) saying that “domestic activity remains resilient.” "Nevertheless, we expect the economy to slow down given the global economic backdrop, elevated inflation and tighter monetary policy,” the agency said. The firm has cautioned that the risk of food inflation persists despite India registering a modest rise in August. “Core inflation, which excludes food, fuel and light, remained elevated at 6% while inflation expectations have also stayed high. The RBI’s latest survey of household inflation expectations eased in July, but expectations are still far above pre-pandemic levels,” it said. “Destabilising inflation expectations could risk triggering second-round effects, according to the minutes of the RBI’s August policy meeting. While the RBI expects monthly inflation data to be volatile in the near term, its expectation is for the consumer price inflation to ease towards the end of the year,” the agency added. WATCH WION LIVE HERE

Fitch lowers world's growth forecast, slashes India's GDP rise to 7% for 2022-23

Indian software giant Infosys has warned its employees in an email sent out by the HR department. The email reads, “Remember - NO TWO-TIMING - NO MOONLIGHTING.” The email stresses on clauses of the employment contract which restrict employees from taking up secondary employment.

World Business Watch: ‘No two-timing, no moonlighting’, Infosys warns employees

General Motors’ autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume.

World Business Watch: GM's Cruise develops its own chips for self-driving cars

Japan's core machinery orders extended gains in July, raising hopes business growth spending may offset near-term headwinds from a global economic slowdown and a weaker yen.

World Business Watch: Japan's machinery orders post surprise gains in July

Economists are becoming more pessimistic about Germany than they have been since the 2008 financial crisis. The Europe's biggest economy is facing significant pressures at the moment, here's our report.

Pessimism over German economy grows, recession inevitable for Germany?

Global banking giant Goldman Sachs is embarking on its biggest job cuts since the start of the pandemic. Without any layoffs, the number of employees in the company has grown to 47,000 globally, which is 15% increase from last year.

WION Business News: Goldman Sachs plans to lay off hundreds of employees

Google CEO Sundar Pichai reviewed a plan to consider India as a manufacturing base, earlier this year but a decision has not been made yet. The plan is a result of disruptions in China from Covid lockdown and Beijing's rising tensions with the US.

WION Business News: Google may consider India to be manufacturing base for producing high-end phones

As data security is at the center of every debate, truecaller is planning to improve its data security mechanism. The company globally employs 350 people and India accounts for majority of that workforce.

WION Business News: Truecaller focuses on growth & expansion; to improve data protection regulations

European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2% or more to curb record-high inflation in the euro zone despite a likely recession.

World Business Watch: ECB governors see rising risk of rate hitting 2% to curb inflation

After the Hong Kong government lifted quarantine rules for the passengers, Cathay Pacific airlines will now increase the flying capacity in coming months. The airlines' capacity was at 12.4% pre Covid in the month of July and now they will try to reach 25% by the end of the year.

WION Business News: Cathay Pacific to increase flying capacity after quarantine rules lifted

The Biden administration plans next month to broaden curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools.

World Business Watch: US to broaden restrictions on China chip shipments

Shares of Smith & Wesson slumped about 5% in extended trade on Thursday after the gunmaker posted quarterly results that underscored a drop in consumer demand following a surge two years ago.

Gun demand eases from Pandemic highs

The global slump in Bitcoin value has hit El Salvador very hard from peak of $60,000 it's now below $20,000. El Salvador adopted famous cryptocurrency Bitcoin last year with plans to unveil a Bitcoin city but the fall in global prices has disrupted the big investments.

El Salvador's crypto dreams crumbled

Do you like your boss? Does he understands your needs? Is he emotionally intelligent? It's high-time we start asking these questions to ourselves. Young people leaving the workforce has become a norm now. How has this feeling been sparked in people after Covid? Watch the video to know more about it.

WION Business News: Do you like your boss? Is he emotionally intelligent?

Some workers at Mercedes-Benz plant have gone on strike after the Brazilian arm of the company announced plans to lay off 3,600 employees. The employee union said in a statement that workers would strike until September 12th.

Brazil: Mercedes-Benz union goes on strike, company announces plans to lay off 3600 employees

Japan's Honda motor would reduce car output by up to 40% at two Japanese plants for the rest of this month. It is due to ongoing supply chain and logistical problems. The manufacturing could be down because of a warning that automakers may not be able to lift production volumes in second half of financial year.

Japan: Honda to slash output by up to 40%

Global Advertising Giant has named India born Devika Bulchandani as Ogilvy's new global CEO. Bulchandani takes over from Andy Main who will step down as global CEO. She will serve as senior advisor till the end of this year.

Devika Bulchandani: Ogilvy's new Global CEO

Now Russians will have the chance to buy the new Apple iPhone 14 launched yesterday despite the US tech company having left the country. This has been made possible by Moscow's parallel import scheme.

WION Dispatch: New Apple iPhone to be available in Russia, Russian minister promises iPhone imports

The Government of India is soon going to place certain new guidelines for social media influencers making it mandatory for them to declare their association with a brand or product they endorse.&nbsp; 
 
"The department of consumer affairs is coming out with guidelines on social media influencers. It is creating dos and don'ts for them," an official source has told a news agency.&nbsp; 
 
As per proposed guidelines, when a social media influencer endorses any brand after taking money, they will have to declare their association with that brand. 
 
Influencers often endorse products and brands on their page for which they are sometimes paid. Brands like to promote their products through these influencers as they enjoy a large following.&nbsp;

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The guidelines will have to be followed by influencers as well as celebrities who endorse any brand on social media.&nbsp; 
 
The Central Consumer Protection Authority (CCPA), under the Department of Consumer Affairs, has completed consultation with all stakeholders concerned on the matter. 
The posts will now have disclaimers when it's an endorsement. The guidelines might come into implementation within the next 15 days. If violated, a person may have to scoff up USD 12,500 for the first time, USD 25,000 the second time, and USD 62,500 for continuous violation.&nbsp; 
 
Meanwhile, the department has also completed the process of developing a framework to curb fake reviews posted on e-commerce websites.&nbsp; 
 
In May, the department along with the Advertising Standards Council of India (ASCI) held a virtual meeting with stakeholders, including e-commerce entities, to discuss the magnitude of fake reviews on their platforms. 
 
Fake reviews often mislead customers who shop online, typically without getting to see the product physically or experiencing it.&nbsp;

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The Government of India is soon going to place certain new guidelines for social media influencers making it mandatory for them to declare their association with a brand or product they endorse.

The Government of India is soon going to place certain new guidelines for social media influencers making it mandatory for them to declare their association with a brand or product they endorse. "The department of consumer affairs is coming out with guidelines on social media influencers. It is creating dos and don'ts for them," an official source has told a news agency. As per proposed guidelines, when a social media influencer endorses any brand after taking money, they will have to declare their association with that brand. Influencers often endorse products and brands on their page for which they are sometimes paid. Brands like to promote their products through these influencers as they enjoy a large following. × The guidelines will have to be followed by influencers as well as celebrities who endorse any brand on social media. The Central Consumer Protection Authority (CCPA), under the Department of Consumer Affairs, has completed consultation with all stakeholders concerned on the matter. The posts will now have disclaimers when it's an endorsement. The guidelines might come into implementation within the next 15 days. If violated, a person may have to scoff up USD 12,500 for the first time, USD 25,000 the second time, and USD 62,500 for continuous violation. Meanwhile, the department has also completed the process of developing a framework to curb fake reviews posted on e-commerce websites. In May, the department along with the Advertising Standards Council of India (ASCI) held a virtual meeting with stakeholders, including e-commerce entities, to discuss the magnitude of fake reviews on their platforms. Fake reviews often mislead customers who shop online, typically without getting to see the product physically or experiencing it. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Influencers in India to be fined for not declaring commercial ties with promoted brands, products

European Union Chief Ursula Von Der Leyen has said that the member states will discuss a price cap on Russian gas. It's part of measures to punish Moscow for invasion of Ukraine.

Energy Ministers from EU to discuss proposals on September 9

A view to bring transparency into murky world of influencer marketing is planning to impose stiff fines or penalties on influences not disclosing partnerships. The Indian government is likely to scrutinize the practice of paying popular people on social media to promote products now as per the proposed guidelines.

India: Rules for social media influencers, up to $62,000 fine for failing to disclose financial ties

The price of bitcoin, largest cryptocurrency, is stuck around at $19,000 now or below $20,000 not for many days. It is extremely odd for the dominant cryptocurrency that the excitement around bitcoin is dying down.

Struggling cryptocurrency firms face 'mixed results'