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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Federal Authorities Investigate Block Trading at Big Wall Street Banks, Hedge Funds
Federal investigators are probing block trading on Wall Street, examining if banks tipped hedge-fund clients, according to a report by The Wall Street Journal on Monday. The Securities and Exchange...
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DARMA Capital Introduces Filecoin Swap Offering
DARMA Capital has pioneered a financial derivative based on a decentralized storage protocol with over $100-million worth of its Filecoin holdings available, Coindesk reported. Under the Filecoin Asset Use Swap,...
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Goldman Sachs Downgrades Its S&P 500 Target to 4,900 on Possible Fed Rate Hikes
Goldman Sachs analysts expect the S&P 500 to be at 4,900 by the close of 2022 as Fed hikes rates than initially expected, according to a report by Markets Insider...
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US Treasury Department Mulls Exempting Crypto Miners, Wallet Operators from Reporting Rules
The United States Treasury Department is looking into exempting crypto miners and wallet operators from tax reporting regulations, CoinTelegraph reported. The Treasury Department told lawmakers plan to exempt crypto miners,...
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