Category: Business

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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Fidelity To Allow Bitcoin Investments In Retirement Plans
25. 4. 2022 No Responses

Fidelity To Allow Bitcoin Investments In Retirement Plans

“We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.” Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their wor...
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Over $13 Million In ‘Bored Ape’ NFTs Stolen By Hackers
24. 4. 2022 No Responses

Over $13 Million In ‘Bored Ape’ NFTs Stolen By Hackers

“The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website…” Millions in ‘Bored Ape’ NFTs were stolen after hackers breached the Bored Ape Yacht Club NFT project, then advertised a fake distribution of...
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FBI Warns of Targeted Cyber Attacks On Food Plants
23. 4. 2022 No Responses

FBI Warns of Targeted Cyber Attacks On Food Plants

FBI warns of targeted cyber attacks on food plants after mysterious rash of fires. “A significant disruption of grain production…”  The FBI’s Cyber Division published a notice this past week warning about increased cyber-attack thr...
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Sig Sauer Won The Big NGSW Gun Contract
22. 4. 2022 No Responses

Sig Sauer Won The Big NGSW Gun Contract

United States Army Awards NGSW Contract to Sig Sauer – Earlier this week, the United States Army announced that it had selected Sig Sauer to produce the Next Generation Squad Weapons (NGSW), which will replace the legacy M4 carbine and M249 light machin...
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Russian tax authority proposes using crypto as a foreign trade payment tool
20. 4. 2022 No Responses

Russian tax authority proposes using crypto as a foreign trade payment tool

Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On April 20, loca...
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Gaza – new combat drone becomes fully operational
19. 4. 2022 No Responses

Gaza – new combat drone becomes fully operational

New Iranian combat drone, called Gaza, has successfully passed flight tests and the unmanned aerial vehicle is now fully operational. The super heavy combat drone, which was unveiled in May last year, has a 21-meter wingspan and a 3,100-kilogram takeoff mass...
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Oil From Emergency SPR Release Is Heading For Europe
18. 4. 2022 No Responses

Oil From Emergency SPR Release Is Heading For Europe

Joe Biden’s decision to release 180 million barrels of oil from the US Strategic Petroleum Reserve was meant to help lower US gasoline prices “because Putin price hike.” Instead, it is heading for Europe. According to Bloomberg, citing a pers...
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