Category: Business

Czech Republic will join the gold rush
29. 5. 2022 No Responses

Czech Republic will join the gold rush

The newly appointed governor of the Czech National Bank (CNB), Aleš Michl, said that he plans to massively increase the central bank’s gold reserves from the current 11 tonnes to over 100 tonnes or more. It was almost inevitable that...
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Russia Actively Discussing Allowing Crypto For International Payments
28. 5. 2022 No Responses

Russia Actively Discussing Allowing Crypto For International Payments

In late March, the chairman of Russia’s Congressional energy committee, Pavel Zavalny, said in a press conference that Russia was open to accepting bitcoin for its natural resources exports. “When it comes to our ‘friendly’ countries, like China or...
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The intensity of US strategic bomber flights in Europe has increased some 15 times
21. 5. 2022 No Responses

The intensity of US strategic bomber flights in Europe has increased some 15 times

The US and NATO have gradually ramped up their activities along Russia’s western borders over the past few years and tensions continue to grow, Russian Defense Minister Sergey Shoigu has said. The minister made the remarks during a meeting of...
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Tether Hikes US TSY Reserves
20. 5. 2022 No Responses

Tether Hikes US TSY Reserves

So-called ‘stablecoins’ have been making the mainstream media headlines for all the wrong reasons lately, but this morning there is some potentially good news for what some consider the liquidity backstop for the entire crypto ecosystem. Stablecoin...
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Cisco Crashes 20% On Catastrophic Guidance
18. 5. 2022 No Responses

Cisco Crashes 20% On Catastrophic Guidance

Cisco which has served as the backbone of the internet for the past 30 years and is the biggest maker of computer-networking equipment, reported earnings which wiped out about 20%, or $40 billion, from its market cap in seconds. What...
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US Set To Block Russian Debt Payments
17. 5. 2022 No Responses

US Set To Block Russian Debt Payments

The US is now set to block Moscow’s ability to pay its sovereign debt – though ironically which Russia appears ready and willing to pay, if it weren’t for the far reaching US-led sanctions imposed on its central financial institutions...
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American Investors Have Lost $20 Trillion Since The Start Of 2022
16. 5. 2022 No Responses

American Investors Have Lost $20 Trillion Since The Start Of 2022

Since the start of the year, the S&P 500 Index is down 18%, the Nasdaq 100 has lost 27% and a Bloomberg index of cryptocurrencies has plunged 48%. That all amounts to “a wealth shock that is set to drag...
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Coinbase bankruptcy rules updated
15. 5. 2022 No Responses

Coinbase bankruptcy rules updated

After posting a huge earnings miss, here is the latest version of the Coinbase Terms of Service, the addition of text that included the following: “Custodially held crypto assets may be considered to be the property of a bankruptcy estate,...
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SoftBank’s Vision Funds Report $27 Billion Loss
14. 5. 2022 No Responses

SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s two Vision Funds have posted historic investment losses of ¥3.5 trillion ($27.5 billion) over the 12 months to March 31 as the funds’ biggest holdings were pummeled by rising interest rates and Beijing’s crackdown on the tech sector. ...
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81,000 millionaires left Hong Kong in 2021
13. 5. 2022 No Responses

81,000 millionaires left Hong Kong in 2021

In mid-March, Bartra interviewed nearly 500 Hong Kong residents aged 18 and above through an online questionnaire. According to the poll, 79 percent of the respondents indicated that they are considering emigration or will consider this in the future; 48...
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Some inadequate rescue plan for Terra crypto
12. 5. 2022 No Responses

Some inadequate rescue plan for Terra crypto

Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’. The Terra crypto Twitter account shared some points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. The Terra rescue story...
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Tesla’s April Sales In China Implode, Fall 98% Sequentially,
11. 5. 2022 No Responses

Tesla’s April Sales In China Implode, Fall 98% Sequentially,

TSLA’s market share in China’s domestic EV market has been on a steady decline since peaking at 16.8% in 1Q20 (it came in at 10.2% in 1Q22, down -660bps from the peak). Stated differently, it is our opinion for TSLA...
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90% Of Nations Are Planning CBDCs
9. 5. 2022 No Responses

90% Of Nations Are Planning CBDCs

Digital currency is code for money the government can track and either withhold or augment depending on if the holder has acted in accordance with the government’s desires. A new report from the Bank of International Settlements estimates that up to 90%...
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China Has ‘Financial Nuclear Bombs’
7. 5. 2022 No Responses

China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’ If West Levies Russia-Style Sanctions, Beijing Warns Multiple analysts at Chinese state-linked think tanks and banks have weighed in on the Biden administration’s recent threats to punish the world’s ...
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Exxon Triples Buyback To $30 Billion As Energy Giant Swim In Free Cash Flow
29. 4. 2022 No Responses

Exxon Triples Buyback To $30 Billion As Energy Giant Swim In Free Cash Flow

The best performing market sector of 2022 by a giant margin: energy. XOM remains the largest refiner of all the global integrateds and looks set to benefit the most from the recent run in refining margins. This morning, the two...
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