Category: Markets

Consumers would lose protection against dubious advice dished out on social media by a burgeoning industry of “finfluencers” if proposed changes to financial advice laws are introduced, consumer groups warn. Financial advertisements, webinars, newsletters and property investment seminars would also boom if the government accepts a Treasury review proposal to stop licensing providers of “general […]

According to a local outlet, the Moscow Stock Exchange (MOEX) is working on a bill that would enable it to start listing digital assets. These assets would be offered both as securities and directly as digital financial assets. MOEX Working on a Bill That Would Enable it to Offer Digital Assets The talks at the […]

The three major U.S. equity indexes closed lower Friday. The Dow Jones industrials ended the day down 1.62%, the S&P 500 retreated 1.6% and the Nasdaq closed 1.8% lower. All 11 sectors closed lower, in a range of 6.9% (energy) to 0.5% (health care). Crude oil continued to trade below $80 a barrel Monday morning. […]

UK distributed computing startup Hadean secured $30 million in a Series A funding round led by Molten Ventures. The funding was backed by several other prominent names including the video gaming giant Epic Games and the CIA-backed In-Q-Tel. Hadean Receives Epic Games’ Support to Develop Metaverse Infrastructure Technology Hadean, a London-based startup that develops an […]

South Korea seized a total of $184.3 million worth of crypto in 2021 and 2022 from people accused of tax evasion, according to the local news outlet Yonhap News. The highest amount confiscated from a single person was $8.87 million from an individual who mainly owned BTC and XRP. $8.87M Seized From a Single Individual […]

C Capital, a VC firm backed by Hong Kong billionaire businessman Adrian Cheng, announced its plan to raise $200 million to invest in crypto assets. The move comes as the firm hopes that crypto prices are bottoming out and betting on a strong rebound in the future. C Capital Hopes to Take Advantage of Depressed […]

Lewis Sanders is the founder, CEO, and Co-CIO of Sanders Capital. Sanders founded Sanders Capital in 2009, and prior to that, he worked for AllianceBernstein in varying roles, including Chairman, CEO, CIO and more. Sanders joined Bernstein in 1968 as a Research Analyst, and prior to that, he was a Research Assistant at Oppenheimer Co. […]

Hong Kong (CNN Business)People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and the rich are no exception. Nuno Matos, HSBC’s CEO of wealth and personal banking, told CNN Business that global investors were “not being as active as they used to be,” with many looking […]

Developers create governance tokens to enable token holders to take part in shaping the future of a protocol. Basically, these tokens give holders certain rights to influence a protocol’s direction, such as proposing new features, deciding on new feature proposals, changing the governance system, how to spend a budget, and more. Let’s take a look […]

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share […]