Why Billionaires Are Stockpiling This "Boring" Token

The world's largest financial institutions are building massive positions in a protocol most retail investors consider too "unsexy" to notice. As markets are volatile post-tariffs, this coin continues setting transaction records while flying almost completely under the radar.

DOJ Indicts New York Resident For Allegedly Spying On Pro-Democracy Activists For Chinese Government

Benzinga Neuro
August 22, 2024

In a recent development, the U.S. Department of Justice (DOJ) has indicted a New York resident, accusing him of acting as an illegal agent for the Chinese government and spying on Chinese pro-democracy activists and dissidents.

What Happened: The DOJ has charged Yuanjun Tang, 67, with operating as an illicit agent of China’s Ministry of State Security (MSS) in the U.S. from 2018 to 2023, Reuters reported on Thursday. Tang allegedly provided MSS intelligence officers with information about individuals and groups considered “potentially adverse” to China’s interests.

The DOJ claims that Tang assisted the MSS in infiltrating a group chat on an encrypted messaging app used by several Chinese dissidents. Tang is also accused of making false statements to the FBI, claiming he could no longer access an email account used for communication with his MSS handler.

See Also: Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed’s Interest Rate Shift

A spokesperson for the Chinese Embassy in the U.S. stated that he was unaware of the case details and emphasized that China expects its citizens abroad to abide by the laws of their host country. The spokesperson also expressed China’s firm opposition to “groundlessly slandering and smearing” that targets the country.

Why It Matters: This case comes amid escalating concerns over Chinese espionage. In June, U.S. tech giants, including Google and OpenAI, tightened their employee screening processes due to fears of foreign governments manipulating compromised staff to gain access to proprietary information and corporate data.

In July, the U.S. National Counterintelligence and Security Center (NCSC) warned tech startups about the potential risks of espionage from foreign adversaries, including China, through investment channels. The NCSC stated that foreign threat actors might exploit tech startups through private investments, posing substantial risks to both economic and national security.

Did You Know?

  • Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

Image via Shutterstock

This story was generated using Benzinga Neuro and edited by Pooja Rajkumari

Continue Reading...

Popular

Man Says Girlfriend Ran Off With $3.6 Million Lottery Winnings After He Bought the Ticket

A Canadian man has taken legal action against his girlfriend who allegedly vanished after winning a lottery of $3.6 million, leaving him stranded.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Trump meets with the Federal Reserve chairman he has repeatedly scorned

WASHINGTON (AP) — President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said.

A little bit of farm, a little bit of suburbia: That's the recipe for Agritopia

GILBERT, Ariz. (AP) — Just steps from the porticos, patios, clay-tiled roofs and manicured lawns of suburbia, Kelly Saxer has gotten used to questions. As she weaves through tomato vines, snaps asparagus and generally gets her hands dirty, visitors and even some nearby residents want to know what she’s doing — and how the farm where she works wound up here.

Billionaires Are Piling Into A Special Gold Investment - Ad

With record gold prices, everyday Americans are scrambling to buy gold coins and bars. But some savvy investors have used a different way to profit from gold bull runs - a special investment with a long history of making up to a surprising 1,000 times more than physical gold.

Trump's Tariffs In Court, Summers' Stark Warning, US-China Stalemate, And Wood's Reaganomics Comparison: This Week In Economics

A federal judge blocked Trump's emergency tariff powers as economic tensions escalated, with Larry Summers warning of a looming fiscal crisis, Japan unveiling stimulus to counter U.S. tariffs, U.S.-China trade talks stalling, and Cathie Wood likening Trump's policies to "Reaganomics on steroids."

Bulgarian nationalists protest government plans to adopt the euro currency

SOFIA, Bulgaria (AP) — Thousands of flag-waving took to the streets of the capital, Sofia, and other major cities on Saturday to protest government plans to adopt the euro and to demand a referendum on the new currency.

Altucher: Forget Bitcoin - This Will Be So Much Bigger - Ad

Bitcoin is surging - and Trump's new crypto policies are igniting what James Altucher calls "The Great Gain." With key states like New Hampshire creating crypto reserves, a massive altcoin rally could be next. A $900 stake today could explode.

Bulgaria is close to joining the euro currency but faces disinformation and fear

SOFIA, Bulgaria (AP) — Bulgaria is close to realizing its decades-old goal of joining the euro currency union and deepening ties with the more prosperous countries of Western Europe. But faces a populist backlash against the shared currency on the eve of a key decision by European Union authorities.

Semtech Slides Despite Record Q1 Sales: 4 Analysts Maintain Ratings

Shares of Semtech Corp (NASDAQ: SMTC) fell despite upbeat quarterly results. Analysts remain positive with raised price targets and strong growth.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Dogecoin Drops Over 9% On Friday Morning: What's Going On?

Dogecoin (CRYPTO: DOGE) tumbled 9.14% to $0.1726 on Friday as a public dispute between President Donald Trump and Tesla Inc.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

US and Europe trade negotiators discuss tariffs in Paris

PARIS (AP) — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.

Qualcomm Stock Is Rising Monday: What's Going On?

QUALCOMM Inc (NASDAQ:QCOM) shares are trading higher Monday after the company announced it reached an agreement to acquire Alphawave Semi for $2.4 billion.

The Best $19 You've Ever Spent - Ad

Discover a conservative options strategy almost anyone can use. This new research service reveals how to trade the same stocks repeatedly to build steady income for retirement. Access it now for just $19-the lowest price ever offered, but only for a limited time.

Musk threatens to decommission a key space station link for NASA

As President Donald Trump and Elon Musk on Thursday, the world's richest man threatened to decommission a space capsule used to take astronauts and supplies to the International Space Station.

Japanese court rejects damage claims against utility executives over Fukushima disaster

TOKYO (AP) — A Japanese court ruled former executives at the utility managing the tsunami-wrecked nuclear power plant were not accountable for the 2011 meltdown crisis and do not need to pay damages to the company.

IRA & 401(K) Savers Are Scrambling To Get In - Ad

Hollywood elites think this is the moment you betray Trump. But they're wrong. His IRS is letting Americans use a little-known, 100% tax-free loophole to shield IRA, 401(k), and pension savings through this economic reset. Learn how to activate it with just 2 words.

Cathie Wood's Ark Invest Continues To Offload Tesla As Elon Musk Moves On From Trump Administration

Ark Invest made significant trades in TSLA, TXG, NTLA, DDD, and ADPT. Purchase of TXG and NTLA from ARKG and ARKK funds, and sale of TSLA, DDD, and ADPT from various funds.

Nebius Group Stock Is Ripping Higher Monday: What's Going On?

Nebius Group N.V. (NASDAQ:NBIS) shares are rising Monday. The stock may be getting a boost after the company announced the expansion of its global AI infrastructure footprint with a U.K. deployment.

Elon Musk Confirms: Tesla's Optimus is Replacing Workers... and Heading to Mars - Ad

Elon Musk just confirmed Tesla's humanoid robot, Optimus, will head to Mars in 2026 aboard Starship to assist with autonomous colonization. Mass production starts in 2025, scaling to 500,000 robots yearly-what could become the decade's biggest AI wealth creation story.

Nebraska Republicans sought to weaken voter-backed paid sick leave. A Democrat helped them do it.

Republicans in the Nebraska Legislature managed to pass a bill that significantly weakens a voter-backed measure requiring employers to offer paid sick leave. And they did it with the help of a Democrat.

The Crypto That Benefits Most From Trump's Financial Vision - Ad

One specific coin aligns perfectly with Trump's regulatory reforms and vision for America's financial dominance in the digital age. The best part? This platform is already processing more transactions than all its competitors combined, yet remarkably remains under most investors' radar.

Elon Musk backs off from feud with Trump, saying he regrets social media posts that 'went too far'

Elon Musk stepped back from his with U.S. President Donald Trump, that he regrets some of his posts about his onetime ally and that they went “too far.”

Shaq and Iverson team up to revive Reebok from obscurity in the Netflix docuseries 'Power Moves'

LOS ANGELES (AP) — and once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.

Why Billionaires Are Stockpiling This "Boring" Token - Ad

The world's largest financial institutions are building massive positions in a protocol most retail investors consider too "unsexy" to notice. As markets are volatile post-tariffs, this coin continues setting transaction records while flying almost completely under the radar.

Trump Administration Mulls Global Tariffs Of About 15% For 150 Days Under Existing Trade Laws: Report

The Trump administration is contemplating a stopgap measure to impose tariffs on a significant portion of the global economy for 150 days.

Tesla's Chinese Rival BYD Sued For $45 Million Over Alleged Human Trafficking, Slave-Like Conditions At Brazil Factory Site

Brazilian labor prosecutors filed a lawsuit Tuesday against BYD Co Ltd seeking $45 million in damages for alleged human trafficking and slavery-like working conditions at the Chinese automaker's factory construction site in Bahia state.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Ursula von der Leyen honored with award for contributions to European unity

BERLIN (AP) — received the International Charlemagne Prize, an annual award for contributions to European unity, on Thursday as the 27-nation bloc confronts Russia's war against Ukraine, the Trump administration's trade war and security issues across the continent.

Elon Musk Launches XChat With Claimed Bitcoin-Style Encryption, But Expert Says It's Like Running A 'Rocket On Water'

Elon Musk announced the launch of the XChat messaging app with claimed Bitcoin (CRYPTO: BTC) -style encryption, but cybersecurity experts are challenging the technical accuracy of the platform’s security assertions.

Billionaires Are Piling Into A Special Gold Investment - Ad

With record gold prices, everyday Americans are scrambling to buy gold coins and bars. But some savvy investors have used a different way to profit from gold bull runs - a special investment with a long history of making up to a surprising 1,000 times more than physical gold.

Meta's nuclear deal signals AI's growing energy needs

revive an Illinois nuclear power plant was one way of signaling that the parent company of Facebook and Instagram is preparing for a future built with artificial intelligence.

Altucher: Forget Bitcoin - This Will Be So Much Bigger - Ad

Bitcoin is surging - and Trump's new crypto policies are igniting what James Altucher calls "The Great Gain." With key states like New Hampshire creating crypto reserves, a massive altcoin rally could be next. A $900 stake today could explode.

Tesla Sales Hit 3-Year Low In This European Nation Despite Musk's Claims Of 'No Demand Problem'

Tesla is facing declining deliveries in many regions, with Europe being hit the hardest due to competition and CEO Elon Musk's political involvement.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service