• November 14, 2024

Why Tencent Holdings Stock Triumphed Today

On a generally gloomy Thursday for the stock market, Tencent Holdings (OTC: TCEHY) was something of a standout. Tencent reported its third-quarter results after market hours on Wednesday, revealing that it managed to grow revenue by 8% year over year in the period to over 167 billion yuan ($23.1 billion). International Financial Reporting Standards (IFRS) net income saw a more impressive leap, rising by 47% to 53.2 billion yuan ($7.4 billion).

  • November 14, 2024

US man sentenced to 5 years over laundering crypto stolen from Bitfinex hack

A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex one of the world's largest cryptocurrency exchanges, with the help of his wife. Ilya Lichtenstein, 35, hacked into Bitfinex's network in 2016, using advanced hacking tools and techniques, and stole about 120,000 bitcoin, the U.S. Justice Department said in a statement. He and his wife Heather Morgan, who used the hip-hop alias "Razzklekhan" to promote her music, were arrested in February 2022.