Author: MNK News

(Bloomberg) — China is keeping its hand firmly on the yuan, supporting the currency via the official daily reference rate after it slid to the weakest level since 2022 at year-end in offshore trading. Most Read from Bloomberg The People’s Bank of China set the so-called fixing, which confines yuan’s trading onshore to a 2% range on either side, at 7.1879 per dollar on Thursday. That’s little changed from the prior reading. But it was 1,323 pips stronger than forecast in a Bloomberg survey, the largest difference since July. The offshore yuan fell as much as 0.7% in the last…

In December 2024, more than 25 hacks in the crypto industry led to approximately $24.7 million in losses, marking a 71% decline compared to November. December 2024 witnessed over 25 crypto hacks, resulting in a total loss of $24.69 million, according to data from blockchain security firm PeckShield. The figure marks more than a 70% drop compared to November’s losses, the firm revealed in an X post. The top incident involved LastPass, which accounted for $12.38 million in losses. Other victims included Yeti Finance, GemPad, and FEG, each losing around $2.2 million, and Victim, which suffered $1.3 million in damages.…

You may have just set new fitness goals for yourself but you’re unsure how to go about achieving them. Modern wearables have made it pretty easy to keep track of things like your daily step count, heart rate, sleep stages and more, so you spend less time monitoring that data yourself and more time focusing on other healthy habits you can implement. Thankfully, you don’t have to send hundreds to get a wearable that can do these things for you.Budget fitness trackers have come a long way in the last few years, with many now including connected GPS tracking for…

LAS VEGAS, NEVADA – APRIL 13: Jamahal Hill prepares to face Alex Pereira of Brazil in the UFC light … [+] heavyweight championship fight during the UFC 300 event at T-Mobile Arena on April 13, 2024 in Las Vegas, Nevada. (Photo by Jeff Bottari/Zuffa LLC via Getty Images)Zuffa LLC via Getty Images Former UFC light heavyweight champion Jamahal Hill steps into the Octagon for the first time in over nine months when he faces another ex-champion, Jiri Prochazka, at UFC 311. Hill looks forward to returning to action after a disappointing outing in his last fight. Hill (12-2) last competed…

(Bloomberg) — China looks set to miss a year-end target for boosting production of less-polluting steel as usage rates for cleaner, newer furnaces stall and the property crisis weighs on demand and prices. Most Read from Bloomberg The country is the world’s largest polluter as well as its biggest steelmaker, and efforts to clean up production of the alloy form part of an ambitious strategy to meet climate targets even as authorities also seek to shore up the economy from a slowdown. For steel, authorities have set a target for electric-arc furnaces to produce more than 15% of total output…

Canadian mining firm HIVE Digital Technologies has reached 6.0 EH/s in operational hashrate, marking a 47% year-over-year increase. Bitcoin (BTC) miner HIVE Digital Technologies has hit a major milestone, reaching 6.0 exahashes per second in operational hashrate, marking a 47% jump from 4.08 EH/s at the end of 2023. The Vancouver-headquartered firm explained in a Jan. 2 press release that the growth comes from upgrading its Bitcoin mining fleet with the latest Avalon machines from Canaan Inc. On top of the fleet upgrade, HIVE has also secured competitive energy pricing in Sweden, with electricity costs below two cents per kilowatt-hour.…

A 155th Mechanized Brigade tank crew in training.Ukrainian defense ministry photo A pair of Russian field armies, together overseeing 70,000 troops in dozens of regiments and brigades, is bearing down on Pokrovsk, a fortress city in eastern Ukraine’s Donetsk Oblast. Bracing for the coming assault, the culmination of a Russian offensive that began more than a year ago, the Ukrainians are reinforcing Pokrovsk. But one of the reinforcing units, the newly formed 155th Mechanized Brigade—one of the few Ukrainian brigades with German-made Leopard 2 tanks and French-made Caesar howitzers—began disintegrating before it even arrived in the besieged city last week.…

By Florence Tan SINGAPORE (Reuters) -Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China’s economy and fuel demand following a pledge by President Xi Jinping to promote growth. Brent crude futures rose 17 cents, or 0.06%, to $74.82 a barrel by 0547 GMT after settling up 65 cents on Tuesday, the last trading day for 2024. U.S. West Texas Intermediate crude futures gained 19 cents, or 0.26%, to $71.91 a barrel after closing 73 cents higher in the previous session. China’s Xi said on Tuesday…

Defunct crypto lender Celsius Network has filed an appeal notice after Judge John Dorsey dismissed the firm’s claim on FTX damages worth around $444 million, according to FTX creditor activist. Court documents showed crypto lending platform has filed a notice of appeal challenging Judge John Dorsey’s ruling, which denied Celsius‘ claims for FTX damages worth around $444 million. The trial is part of FTX’s ongoing bankruptcy proceedings which would seek to repay damages from the fallen crypto exchange led by Sam Bankman-Fried. According to the appeal filed by Celsius Network’s litigation administrator, Mohsin Meghji, Celsius initially filed a claim for…

When Sony first released the PlayStation 5, it wasn’t possible to expand the console’s storage. Thankfully, that changed with a software update that the company pushed out less than a year later. And with how big some game installs have become in recent years, it’s a good thing, too: the PS5’s built-in 667GB of space may have been good enough in the system’s first year, but now, the default drive is absolutely limiting.The good news is a standard PCIe Gen4 x4 M.2 NVMe SSD can solve all of your PS5 storage woes. If that mess of acronyms has you recoiling,…