Category: Business

Crypto exchange Bybit loses 1.5 billion in record hack 1740233343 Bybit Suffers Record $1.5 Billion Crypto Hack, Pledges Full Reimbursement

Bybit Suffers Record $1.5 Billion Crypto Hack, Pledges Full Reimbursement

NEW YORK, Feb 22, 2025 (BSS/AFP) – Dubai-based cryptocurrency exchange Bybit has confirmed a massive security breach, with hackers stealing $1.5 billion in digital assets—the largest crypto theft in history. Bybit’s CEO and founder, Ben Zhou, addressed the situation in an online chat, assuring users that their funds would be protected. “Your funds are safe,” […]
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US Stocks Slide Amid Economic Slowdown Fears 1740225073 US Stocks Slide Amid Economic Slowdown Fears

US Stocks Slide Amid Economic Slowdown Fears

NEW YORK, Feb 22, 2025 (BSS/AFP) – Wall Street stocks tumbled Friday, closing the week on a pessimistic note as concerns over slowing US economic growth intensified. While Asian markets saw gains and European stocks remained mixed, major US indices spent the entire session in the red, ending about two percent lower. The selloff followed […]
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Philippines Celebrates Removal from FATF Money Laundering ‘Grey List 1740224812 Philippines Celebrates Removal from FATF Money Laundering ‘Grey List’

Philippines Celebrates Removal from FATF Money Laundering ‘Grey List’

MANILA, Feb 22, 2025 (BSS/AFP) – The Philippines has welcomed its removal from the Financial Action Task Force (FATF) “grey list,” a designation that had subjected the country to increased monitoring for money laundering and terrorism financing—a status that can complicate global financial transactions. The Southeast Asian nation had been under FATF scrutiny since 2021, […]
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Brac Bank Agent Banking 1740150225 Agent Banking Loan Disbursements Surge by 55.95%

Agent Banking Loan Disbursements Surge by 55.95%

Dhaka, Bangladesh – Loan disbursements through agent banking in Bangladesh witnessed a significant 55.95% year-on-year (YoY) growth, reaching Tk 24,028.31 crore by the end of December 2024, according to Bangladesh Bank (BB) data. This surge is attributed to the increasing financial accessibility for rural populations. In comparison, loan disbursements in December 2023 stood at Tk […]
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