Top Russian Bank Sberbank Pulls Out of Europe, Citing Devastating Western Sanctions
Russia’s largest lender Sberbank is pulling out of all European markets, after big cash outflows and threats to its employees, according to a report by Reuters on Wednesday. The move...
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Exchange Operator CME to Launch Micro Bitcoin and Ether Options
The CME Group plans to unveil micro Bitcoin and Ether options, launching the crypto derivatives market to smaller investors, according to a report by PR Newswire on Tuesday. These micro...
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Stifel’s Equity Boss Downgrades S&P 500 Outlook, Anticipates 7% Plunge in 2022
In a Sunday note from Stifel’s Barry Bannister, the stock market will continue to drop and has more downside, according to a report by Markets Insider on Tuesday. He argued...
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Li Auto Feb. Deliveries Soar 265.8% Year on Year
Li Auto Inc posted deliveries of 8,414 Li ONEs in February 2022, soaring 265.8% YoY, according to a press release by Li Auto on Tuesday. The total deliveries of Li...
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Block Inc. Net Income Falls to Three-Year Low in 2021
Financial services firm Block Inc. closed 2021 with the lowest income in three years after its bottom line fell to negative territory in the last quarter of the year, the...
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UBS Says, Investors Should Maintain Diversified Portfolios Amid Escalating Ukraine Crisis
Markets brace for escalating Ukraine crisis, with troops moving along the Ukrainian border and intensified shelling in the Donbass region, according to a report by UBS on Wednesday. Market drawdowns...
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Nu Holdings Narrows Losses in 2021 as Revenues Breach $1.6 Billion
Tech firm Nu Holdings Ltd. saw its shares jump on Wednesday, after reporting lower losses in the last quarter of 2021. Nu Holdings’ net loss improved to $66.2 million in...
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Bitpanda to Take Over Trustology to Establish Major Global Digital Asset Custody Provider
European trading platform Bitpanda is set to acquire custodial wallet provider Trustology, the London-based fintech announced in a filing. Under the agreement, Trustology will be rebranded as Bitpanda Custody which...
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Charlie Munger Believes Fiat Currency Would be Obsolete in 100 Years
Berkshire Hathaway Vice Chairman Charlie Munger believes fiat currency will be zero in the next hundred years with inflation continuing its uptrend, CryptoPotato reported. Munger believes it is safe for...
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Colorado to Receive Tax Payments in Crypto by Summer, Eyes More Transactions in the Future
Colorado plans to start accepting cryptocurrencies for tax-related transactions in the summer, ZyCrypto reported. Governor Jared Schutz Polis said officials are now expediting plans to establish a framework that would...
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Vesta Equity Pioneers Peer-to-Peer Marketplace for Real Estate-Backed NFT Assets
Global home equity marketplace Vesta Equity has rolled out a non-fungible token (NFT) platform backed by real estate, The Block Crypto reported. The platform is touted as the pioneer peer-to-peer...
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Shares of EV Giant Tesla Surges Nearly 4% After Musk’s Stake Rose to 21.2%
Tesla shares rose almost 4% on Tuesday after a filing disclosed that CEO Elon Musk controls over 20% of the luxury automaker, according to a report by SEC on Tuesday....
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