Swiss stocks closed weak on Tuesday after languishing in negative territory right through the day’s session, tracking the trend in European markets. Uncertainty about the outlook for Fed and ECB interest rates weighed on the market. The benchmark SMI ended down 38. 59 points or 0. 32% at 12, 011. 02. The index touched a low of 11, 920. 09 and a high of 12, 015. 14. Swiss Re ended down nearly 4%. Logitech International ended lower by nearly 2. 5%. Logitech announced that the company’s Chairperson Wendy Becker will not stand for reelection at the firm’s 2025 annual general meeting. Holcim drifted down 1. 83%, while Swiss Life Holding, Zurich Insurance Group and ABB lost 1. 34%, 1. 24%, and 1. 19%, respectively. Roche Holding, SGS, Swisscom, Sonova and Lonza Group ended modestly lower. Givaudan ended slightly weak. The company said it has completed the acquisition of the remaining 75% it did not own in Italian makeup and skincare company b. kolormakeup & skincare, as part of plans to expand its presence in the beauty sector. Partners Group rallied 2%. SIG Group and Straumann Holding gained 1. 32% and 1. 2%, respectively. Kuehne & Nagel and VAT Group gained nearly 1%. Nestle ended 0. 7% up. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/swiss-market-ends-weak-note-0
Tag Archives: international
Czech National Bank Buys $1M BTC, Crypto to Test Crypto Reserve
The Czech National Bank (CNB), the central bank of the Czech Republic, announced on Thursday the purchase of cryptocurrencies worth $1 million for the first time. This initiative aims to test a digital asset reserve and gain “practical experience” in handling digital assets.
According to the announcement, CNB’s reserves will include Bitcoin (BTC), one US dollar-pegged stablecoin, and one tokenized bank deposit. While the test is intended to study cryptocurrencies and prepare the bank for potential international adoption to remain globally competitive, the CNB clarified that it is not planning to adopt a digital asset reserve in the “near future.”
CNB governor Aleš Michl commented on the development, stating:
“It is realistic to expect that, in the future, it will be easy to use the koruna to buy tokenized Czech bonds and more—with one tap an espresso; with another, an investment such as a bond or another asset that used to be the preserve of larger investors.”
In addition to the cryptocurrency purchase, the bank launched the CNB Lab Innovation Hub. This initiative is designed to test blockchain and other financial technologies for use in commerce and to help adapt monetary policy to rapid technological changes.
The CNB’s announcement reflects the growing institutional adoption of digital assets by central banks and nation-states worldwide, as the financial landscape shifts toward on-chain, internet-first finance.
### CNB’s Journey Toward Crypto Adoption
The CNB began exploring Bitcoin in January as a way to diversify its international asset reserves, following a pro-crypto regulatory shift in the United States. During the same month, Michl proposed purchasing up to $7.3 billion worth of BTC, approximately 5% of the bank’s reserves, to establish a Bitcoin reserve. However, this plan was not approved by the CNB board.
Michl explained, “An asset under consideration is Bitcoin. It currently has zero correlation to bonds and is an interesting asset for a large portfolio.” He also noted that BTC “could one day be worth either zero or a huge amount.”
In July, the CNB further expanded its crypto exposure by adding 51,732 shares of Coinbase—a major cryptocurrency exchange—to its investment portfolio. These shares were valued at about $18 million at the time of purchase and are worth over $15.7 million as of this writing.
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The CNB’s strategic moves signal an increasing openness to integrating digital assets within traditional financial systems, positioning the Czech Republic at the forefront of the evolving global financial ecosystem.
https://bitcoinethereumnews.com/bitcoin/czech-national-bank-buys-1m-btc-crypto-to-test-crypto-reserve/
Sydney Sweeney Is Earning Oscar Buzz for ‘Christy’—Despite Box Office Flop
Sydney Sweeney’s performance in *Christy* is earning significant awards buzz, even as the film struggles at the box office. Many critics have applauded her portrayal of boxer Christy Martin in this biopic, which highlights both Martin’s career in the ring and the domestic abuse she survived outside of it.
The movie opened to just $1.3 million across more than 2,000 theaters, marking one of the worst openings on record. Despite its poor commercial debut, *Christy* has become a critical talking point, with Sweeney at the center of much of the attention.
The film premiered in September at the 50th Toronto International Film Festival (TIFF) in Canada, where Sweeney’s lead performance was widely praised. Critics at TIFF described her portrayal as a “career-best,” with some saying she “disappeared into the role” of the former boxing champion.
Though the film itself has drawn mixed reactions and experienced sparse audience turnout, Sweeney’s performance has consistently stood out. On Rotten Tomatoes, *Christy* holds a 97 percent audience score on the Popcorn Meter. The critics’ consensus reads: “While *Christy* falters in tonal cohesion and emotional impact, it remains a compelling showcase for Sydney Sweeney’s transformative performance, grounding a mythic genre in raw, personal storytelling.”
Sweeney played the title role of Christy Martin, a professional boxer whose story includes not only a trailblazing athletic career but also a brutal episode of domestic violence at the hands of her husband. The film seeks to raise awareness about abuse and portray Martin’s survival and comeback as a core part of her legacy.
Still, some reviewers argue that the film’s impact begins and ends with Sweeney’s performance alone. While she has received praise for her physical transformation and commitment to the role, and some critics have called the film “compelling,” others contend that it lacks the depth needed to fully support what Sweeney was trying to achieve.
The low turnout at the box office is expected to pose a hurdle in Sweeney’s push for major awards recognition. However, her name has already entered the conversation for a potential Oscar nomination for Best Actress ahead of the 2026 ceremony. With a crowded field of contenders starring in better-received films, her chances remain uncertain but promising.
https://www.newsweek.com/entertainment/sydney-sweeney-oscar-buzz-christy-box-office-flop-11032923
Madden 26 Week 11 Roster Update Release Date
**Madden 26 Week 11 Roster Update Release Date: What to Expect**
The Madden 26 Week 11 Roster Update Release Date is almost here, giving players the most up-to-date rosters to use in-game. These weekly roster updates consider recent trades, free agent signings, injuries, and other team changes, letting you compete with friends using the latest NFL lineups. However, it’s important to note that these updates do not include any gameplay changes or fixes—just roster adjustments.
Before you jump into your next matchup, make sure to use the latest rosters for the most authentic experience. Let’s dive into everything you need to know about the Madden 26 Week 11 Roster Update release date and what’s ahead in the NFL this week.
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### Madden 26 Week 11 Roster Update Release Date
We expect the Madden 26 Week 11 Roster Update to arrive on **Thursday, November 13th, 2025**. This update usually goes live just hours before the Thursday Night Football game, which this week features the New England Patriots hosting the New York Jets.
EA Sports typically releases roster updates on Thursdays, but occasionally they may arrive later in the day. If you’re unsure how to update your rosters in Madden 26, be sure to check out our dedicated guide. The process only takes a few moments and requires an internet connection. Once complete, you’ll be ready to play with the latest NFL lineups.
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### NFL Week 11 Preview: Key Matchups
Speaking of Week 11, the NFL schedule kicks off with a classic AFC East showdown. The Patriots, who are on a seven-game win streak after their rocky 1-2 start, will try to keep the momentum going. Meanwhile, the Jets are riding a two-game win streak and need to keep winning if they want to keep their playoff hopes alive. With just a few more losses potentially ending their season, expect an intense battle.
International action also returns this week, with a game in Madrid, Spain. Both the Miami Dolphins and Washington Commanders are technically still in the playoff hunt, so a win overseas could spark a late-season run for either team.
Elsewhere, the Buffalo Bills host the Tampa Bay Buccaneers. Buffalo, after starting 4-0, has struggled to a 2-3 record in their last five games and will look to bounce back. Tampa Bay is also searching for answers amid a slew of injuries on both sides of the ball.
Week 11 is packed with impactful divisional matchups:
– **Seahawks (7-2) vs. Rams (7-2)**: Both NFC West teams look to claim sole possession of first place at SoFi Stadium.
– **49ers vs. Cardinals**: San Francisco aims to keep pace in the division as they battle Arizona.
– **Chiefs (5-4) at Broncos (8-2)**: Kansas City must secure a win to stay in the AFC playoff race, while Denver fights to stay atop the conference.
Sunday Night Football offers another must-watch showdown as the Detroit Lions, fresh off a bye week, visit the Philadelphia Eagles. The Eagles have a shorter recovery after their Monday Night win against Green Bay, setting up an intriguing matchup between two NFC contenders.
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### Stay Updated and Ready for Action
There’s a lot to look forward to in Week 11, both in Madden 26 and in the real NFL. Be sure to keep your roster updated ahead of this week’s games for the most authentic gridiron experience. For more tips, check out our Madden 26 guides on passing, catching, and kicking.
Get ready for another exciting week of football action, starting this Thursday!
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For more Madden 26 news, guides, and updates, stay tuned to our site.
https://clutchpoints.com/gaming/madden-26-week-11-roster-update-release-date
Urine-based astronaut food to be tested aboard ISS: ‘A key capability for the future of space exploration’
**Call it Pee-cycling: How Astronauts Could Soon Eat Food Made from Urine and Thin Air**
Just in case people thought airline food was inedible, astronauts on future missions to the Moon and Mars could subsist on a brand-new “space food” concocted from thin air and urine, the European Space Agency (ESA) announced.
“This project aims at developing a key resource which will allow us to improve human spaceflight’s autonomy, resilience and also the well-being of our astronauts,” said Angelique Van Ombergen, the ESA’s chief exploration scientist, as reported by The Independent.
The key ingredient? Urea — an organic compound found in urine — which provides the essential nitrogen source for synthesizing protein in space. On Earth, this process is typically facilitated by ammonia.
### The HOBI-WAN Project: Turning Urine into Nutrition
The ESA’s goal is to test whether this “micturate moonshine” can be manufactured aboard the International Space Station (ISS) as part of a pioneering project called HOBI-WAN, which stands for “Hydrogen Oxidizing Bacteria In Weightlessness As a source of Nutrition.”
“The aim of the project is to confirm that our organism grows in the space environment as it does on the ground, and to develop the fundamentals of gas fermentation technology to be used in space — something that has never been done before in the history of humankind,” said Arttu Luukanen, senior vice president of space and defense at Solar Foods, in a statement cited by Space.com.
He also explained the unique challenges faced in microgravity: “The behavior of gases and liquids in microgravity is vastly different due to the lack of buoyancy, which can drastically affect the transport of nutrients and gases for Solein microbes.”
### Why This Innovation Matters
This initiative is not just a quirky experiment. With companies like SpaceX and international space agencies eyeing missions to Mars, sustaining astronauts on these long-distance voyages becomes increasingly crucial.
Currently, the ISS relies on food manufactured on Earth and shipped to the station. While this system works for low-Earth orbit missions, it would be impractical — both financially and logistically — for extended trips to the Moon or Mars.
“For human beings to be able to implement long-duration missions on the Moon, or even one day, to go to Mars, will require innovative and sustainable solutions to be able to survive with limited supplies,” Van Ombergen said.
“With this project, the ESA is developing a key capability for the future of space exploration.”
### What’s Next for Solein?
The team will initially focus on developing this sustainable technology here on Earth over the next eight months. If successful, the manufacturing process will then be trialed in a microgravity environment aboard the ISS.
The hope is that Solein — the protein produced from this process — will eventually become a staple food among astronauts.
“This project is just the beginning. We are working towards reaching operational capability: being able to produce Solein in a range of production scales in space,” Luukanen added.
“Our vision is that by 2035, Solein is the mainstay protein of space explorers.”
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As space agencies push the boundaries of exploration, innovations like pee-cycling could transform not only how astronauts eat but how humanity survives beyond Earth.
https://nypost.com/2025/11/10/science/astronauts-could-eat-pee-powder-in-near-future/
Liverpool learn HARSH Ibrahima Konate contract truth after Man City mauling
Liverpool have been concerned about Ibrahima Konate’s contract situation for quite some time. The 26-year-old’s current deal is set to expire at the end of the season, and as things stand, there is no renewal on the horizon. Unless Richard Hughes and the France international’s representatives can reach an agreement, Konate could leave the club for free.
This is far from an ideal scenario for the Reds, especially given that Konate is a key first-team player who cost the club £35 million. Liverpool’s decision-makers will be eager to avoid losing him for nothing, but securing his future may require some compromise from the club. At the same time, it appears Konate is standing firm in his contract negotiations.
**Konate’s Mammoth Renewal Demands**
The centre-back is reportedly seeking a significant pay rise from his current £140,000 per week. Reports suggest he wants at least £200,000 per week—a figure that would place him among the club’s top earners.
But there is an awkward question lingering, particularly after Liverpool’s recent defeat to Manchester City in the Premier League: **Is Konate worth it?**
Yes, Konate is proven at Premier League level, but this season he has struggled to find his best form. His performance against City was notably below par, marked by several errors. He was at fault for conceding a penalty to Erling Haaland, following a VAR review, and he lost his man in the build-up to Haaland’s opening goal—failing to win his header and allowing the Norwegian striker to profit.
**Is Konate Worth a New Deal?**
Liverpool would have expected Konate to one day step up as their defensive leader, especially as Virgil van Dijk nears the twilight of his career. Yet, the France international remains far too inconsistent. The Reds are not getting the best out of him, and there is a risk that this inconsistency could persist if he signs a lucrative renewal.
The harsh truth may be that Konate’s best days for Liverpool are already behind him. Considering the financial commitment required, the club might be better served allowing him to continue his career elsewhere.
Looking ahead to 2026, Liverpool could have an opportunity to refresh their backline by bringing in a new partner for Van Dijk. Players like Marc Guehi and Ronald Araujo have been linked with the club and could potentially offer an upgrade on Konate.
At this rate, Konate’s performances are not providing a strong case for a renewal—especially when weighed against his contract demands. When Mohamed Salah required a new deal last season, he responded with arguably the best individual season in Premier League history. Konate would be wise to take inspiration from that and rediscover his best form.
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**Further Reading:**
– [Shop the LFC 2025/26 adidas home range]
– [Liverpool have a NEW right-back and he’s the best in the world]
– [Marc Guehi is COMING: Liverpool will agree deal to sign England star]
– [Liverpool legend’s son is now an elite centre-back]
https://www.anfieldwatch.co.uk/liverpool-fc/news/liverpool-fc-news-learn-harsh-ibrahima-konate-contract-truth-after-man-city-mauling/
Pakistan squad update for T20I tri-series: Out-of-form batter released, veteran recalled
**Hasan Nawaz Dropped from Pakistan ODI & T20I Squads**
Following the completion of their all-format series against South Africa, Pakistan is set to host Sri Lanka for three ODIs and a T20I tri-series involving Zimbabwe. Hasan Nawaz, who was part of both the T20I and ODI squads against South Africa and initially named for the Sri Lanka ODIs as well as the tri-series, has been released from the squads.
No replacement has been named for the ODI series, which begins on November 11. However, veteran left-hander Fakhar Zaman, who was among the reserves for the South Africa T20Is, has been recalled for the T20I tri-series in place of Nawaz.
### Why Has Hasan Nawaz Been Dropped?
According to the official Pakistan Cricket Board (PCB) release, “Hasan has been released to participate in the ongoing Quaid-e-Azam Trophy, the country’s premier first-class tournament.”
This move likely comes in response to Nawaz’s extended poor form in international cricket. The 23-year-old made his international debut earlier this year against New Zealand. While he broke the unwanted record for most ducks in a bilateral T20I series, Nawaz also set a positive milestone by smashing the record for the fastest T20I century by a Pakistan batter during an impressive five-game stretch.
Despite flashes of brilliance, consistency has eluded Nawaz. In his last nine international innings, he has been dismissed for single-digit scores eight times, with a highest score of just 15. Most recently, he was stumped while attempting to attack left-arm spinner George Linde in the 47th over of the first ODI against South Africa. Nawaz had just arrived at the crease with Pakistan needing 20 runs off 20 balls.
His last 50-plus score came in a T20I against UAE in August.
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### Hasan Nawaz International Career Highlights
– Made debut in 2023 against New Zealand.
– Holds record for fastest T20I century by a Pakistani batsman.
– Struggled to maintain form in recent international matches.
Also read: *Hassan Nawaz, Pakistan’s first T20 purist since Shahid Afridi, is the face of their changing philosophy.*
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### Updated Pakistan Squads
**Sri Lanka ODIs:**
– **Batters:** Babar Azam, Fakhar Zaman, Haseebullah
– **Wicketkeepers:** Mohammad Rizwan
– **All-rounders:** Faheem Ashraf, Hussain Talat, Mohammad Nawaz, Saim Ayub, Salman Ali Agha
– **Bowlers:** Shaheen Shah Afridi (c), Abrar Ahmed, Faisal Akram, Haris Rauf, Mohammad Wasim Jr, Naseem Shah
**Sri Lanka-Zimbabwe T20I Tri-series:**
– **Batters:** Abdul Samad, Babar Azam, Fakhar Zaman, Sahibzada Farhan
– **Wicketkeepers:** Usman Khan
– **All-rounders:** Salman Ali Agha (c), Faheem Ashraf, Mohammad Nawaz, Saim Ayub
– **Bowlers:** Abrar Ahmed, Mohammad Wasim Jr, Salman Mirza, Naseem Shah, Shaheen Shah Afridi, Usman Tariq
– **Reserves:** Fakhar Zaman, Haris Rauf, Sufiyan Muqeem
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Hasan Nawaz’s temporary release from the national setup to focus on domestic first-class cricket reflects Pakistan’s intention to nurture his potential while addressing the need for form and consistency ahead of future international assignments.
https://www.wisden.com/series/pakistan-tri-series-m-2025/cricket-news/pakistan-squad-update-for-t20i-tri-series-explosive-batter-hasan-nawaz-released-veteran-fakhar-zaman-recalled
Predator: Badlands Sets Box Office Record With Biggest Opening
**Dan Trachtenberg’s Predator: Badlands Breaks Box Office Records Worldwide**
Dan Trachtenberg’s latest installment in the iconic sci-fi franchise, *Predator: Badlands*, has made a historic impact at the global box office. Opening to record-breaking numbers, the film has set a new benchmark for the series with its massive opening weekend performance.
**Record-Breaking Opening Weekend**
*Predator: Badlands* debuted to an impressive $80 million worldwide, marking the biggest opening in the franchise’s 38-year history, according to Variety. The film earned $40 million domestically in North America and another $40 million from 52 international markets. This performance surpassed 2018’s *The Predator*, which previously held the global opening record at $73.5 million.
Domestically, the film also outperformed 2004’s *Alien vs. Predator*, which held the franchise’s top North American debut with $38.2 million. Deadline reported that the $40 million North American debut came from 3,725 theaters, bolstered by strong Saturday holds and premium format screenings such as IMAX and 3D, which accounted for nearly 59% of total grosses.
**Performance in International Markets**
China led the international box office with $7.4 million, followed by the United Kingdom with $3.2 million and Mexico with $2.3 million. These strong numbers reflect the film’s broad international appeal and growing fan base.
**Production and Cast**
Directed by Dan Trachtenberg, *Predator: Badlands* had a production budget of $105 million. The film stars Dimitrius Schuster-Koloamatangi and Elle Fanning as unlikely allies in this exciting new chapter of the franchise.
This release marks the ninth installment in the Predator series and is notably the first theatrical film since Disney’s acquisition of 20th Century Fox.
**Franchise Legacy and Audience Reception**
Trachtenberg is no stranger to the Predator universe, having previously directed *Prey* (2022), a critically acclaimed film that debuted on Hulu, as well as *Predator: Killer of Killers* (2025), an animated spin-off also premiered on the platform.
*Predator: Badlands* holds a PG-13 rating, which has broadened its audience beyond the typical male demographic, drawing in 11% of viewers under the age of 17 by Sunday. The film received an A- CinemaScore—the highest ever for the series.
**Strong Word-of-Mouth Boosts November Box Office**
*Predator: Badlands* is benefiting from strong word-of-mouth and enthusiastic fan engagement, providing a significant boost to November’s box office, especially following a slow October. This momentum suggests a promising run ahead for the franchise’s newest chapter.
https://www.comingsoon.net/movies/news/2059663-predator-badlands-box-office-opening-weekend
Israel confirms receiving the remains of a soldier killed in Gaza in 2014
**Israel Receives Remains of Soldier Killed in 2014 Gaza Conflict, Closing a Painful Chapter**
*Tel Aviv, Israel (AP)* — Israel on Sunday confirmed it had received the remains of Hadar Goldin, a soldier killed in the Gaza Strip in 2014, closing a painful chapter for the country.
Goldin, 23, was killed two hours after a ceasefire took effect during that year’s war between Israel and Hamas. His family waged a public campaign for 11 years to bring home his remains, and earlier this year, they marked 4,000 days since his body was taken.
Israel’s military had long determined that Goldin had been killed based on evidence found in the tunnel where his remains were taken, including a blood-soaked shirt and prayer fringes. Until now, his remains had been the only ones left in Gaza predating the current war between Israel and Hamas.
The remains of four hostages taken in the Hamas-led attack on October 7, 2023—which sparked the latest conflict—are still in Gaza.
**Significant Development Amid Faltering Truce**
The return of Goldin’s remains represents a significant development in the U.S.-brokered truce, which has faltered amidst the slow return of hostage bodies and skirmishes between Israeli troops and militants in Gaza.
Dozens gathered along intersections to pay their respects as a police convoy transported the remains to the national forensic institute. Later, many more gathered outside the home of Goldin’s parents. They noted the “many disappointments” faced over the years and emphasized that Israel’s military—and “not anyone else”—had brought their son home, an apparent criticism of Prime Minister Benjamin Netanyahu.
At the weekly Cabinet meeting, Netanyahu acknowledged the prolonged agony endured by Goldin’s family, stating the return would allow them to give him a Jewish burial.
Earlier this year, Israel also recovered the remains of Oron Shaul, another soldier killed in 2014.
**Jared Kushner Returns to Israel to Aid Ceasefire Efforts**
Jared Kushner, U.S. President Donald Trump’s son-in-law and a key adviser, has returned to Israel to help advance ceasefire negotiations, according to a source familiar with the matter who requested anonymity due to the visit not being publicly announced.
Kushner was a principal architect of Washington’s 20-point ceasefire plan. The deal, which took effect on October 10, centers on halting the fighting in its first phase, releasing all hostages, and boosting humanitarian aid to Gaza.
Details of the second phase—including deploying an international security force, disarming Hamas, and governing postwar Gaza—have yet to be finalized.
A source close to the negotiations shared that Kushner was working to secure safe passage for 150–200 trapped Hamas militants in exchange for their surrender of weapons after the release of Goldin’s remains.
Israeli media have previously reported that Hamas delayed releasing Goldin’s body, hoping to negotiate safe passage for militants surrounded by Israeli forces in Rafah.
However, Gila Gamliel, Israel’s minister of innovation, science, and technology and a member of Netanyahu’s Likud party, told Army Radio that Israel was not negotiating any deal within a deal.
“There are agreements whose implementation is guaranteed by the mediators, and we shouldn’t allow anyone to come now and play games or reopen the agreement,” she said.
Hamas has made no public comment on a possible exchange for fighters stuck in the so-called “yellow zone,” controlled by Israeli forces, while acknowledging ongoing clashes there.
**A Mother’s Pain and Resilience**
Goldin’s family previously held what his mother, Leah Goldin, described as a “pseudo-funeral,” urged by Israel’s military rabbis. But the lingering uncertainty was like “a knife constantly making new cuts.”
Earlier this year, Leah Goldin told The Associated Press that returning her son’s body held deep ethical and religious importance, representing part of the sacrosanct pact Israel makes with its citizens who are required by law to serve in the military.
“Hadar is a soldier who went to combat and they abandoned him, and they destroyed his humanitarian rights and ours as well,” she said.
Leah also shared that her family often felt alone in their struggle to bring Hadar—a talented artist who had just become engaged—home for burial.
Following the October 7 attack, the Goldin family sought to help hundreds of families whose loved ones were taken into Gaza. Initially, they found themselves shunned as advocacy for the hostages surged.
“We were a symbol of failure,” Leah Goldin recalled. “They told us, ‘We aren’t like you, our kids will come back soon.’”
**Palestinian Remains Returned Amid Hostage Releases**
For each Israeli hostage returned, Israel has reportedly released the remains of 15 Palestinians.
Ahmed Dheir, director of forensic medicine at Nasser Hospital in Khan Younis, southern Gaza, said that the remains of 300 Palestinians have now been returned, with 89 identified.
The October 7 attack killed approximately 1,200 people in southern Israel—mostly civilians—and resulted in 251 people being kidnapped.
On Saturday, Gaza’s Health Ministry reported the number of Palestinians killed in Gaza has risen to 69,176.
The ministry, part of the Hamas-run government and staffed by medical professionals, maintains detailed records that are generally considered reliable by independent experts.
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*Copyright © Associated Press*
https://wsvn.com/news/us-world/israel-confirms-receiving-the-remains-of-a-soldier-killed-in-gaza-in-2014/
Spain’s Civil Guard Arrests Leader of 260M Euro Crypto-Linked Alleged Ponzi Scheme
Spanish authorities have arrested a man accused of leading a massive international investment scam allegedly worth 260 million euros ($300 million). The scheme promised high returns on a diverse range of assets, including cryptocurrency, gold, and luxury yachts.
The suspect, identified only as A. R. and known online as “CryptoSpain,” reportedly operated the Madeira Invest Club. This private investment group began its activities in early 2023 and quickly attracted attention, according to Spain’s Ministry of Interior.
The scam lured more than 3,000 victims by offering guaranteed returns on contracts linked to digital art, luxury vehicles, whisky, real estate, and cryptocurrencies. The perpetrators promised profits alongside buyback guarantees as part of their pitch. However, authorities revealed that no actual economic investment took place.
Instead, the Madeira Invest Club functioned as a Ponzi scheme. Earlier investors were paid using funds contributed by new participants, creating the illusion of profitability. As the operation grew, the group established a complex network of shell companies and bank accounts across at least 10 countries, including Portugal, the U.K., the U.S., Malaysia, and Hong Kong.
The investigation, dubbed Operation PONEI, involved collaboration between Europol and law enforcement agencies from the U.S., Singapore, Malaysia, Thailand, and other countries. Spanish authorities continue to work with international partners to dismantle the network and bring those responsible to justice.
https://bitcoinethereumnews.com/crypto/spains-civil-guard-arrests-leader-of-260m-euro-crypto-linked-alleged-ponzi-scheme/
