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Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.
Crypto Debacle at Celsius Rattles Market Already Shaken by Terra
In May's collapse of the TerraUSD (UST) stablecoin and its sister token Luna captivated the attention of investors, but one of the main attractions of the project had been its promise of a 20% interest rate on UST deposits to Terra's blockchain-based lending project Anchor.
Crypto
Bitcoin Prices Slide Below $30,000. Inflation Data Bring More Pain to Cryptos
The S&P 500 Index sank 2.4 percent on Thursday, while the Nasdaq dropped almost 3 percent. Cryptocurrencies should, in principle, trade autonomously of traditional financial markets, but they have mostly proven to be connected with other assets, such as stocks or commodities.
Crypto
Credit Suisse Weighs New Job Cuts Round After Loss Warning
After the lender's shares fell by about 7.6% in the wake of the profit warning, the stock recovered and advanced as high as 5.8% following a report on the Swiss blog Inside Paradeplatz in which an unnamed insider cited that State Street Corp. may make an offer to buy Credit Suisse.
Banks and Finance
The Dow Is Dipping, Alibaba Is Jumping — and What Else Is Happening in the Stock Market Today
Stocks on the Nasdaq are being bought up partially because their earnings are less vulnerable to swings in economic demand, which might weaken as interest rates increase. Higher long-term bond rates, to be sure, put a bigger hole in tech values, but those rates haven't yet broken out to new highs.
Stocks
The Hotel in Dubai now Accepts Cryptocurrency Payments
Many other Dubai food and beverages service operators have started integrating crypto payments over the past few months. As the regulatory framework starts to provide more clarity, there remains a high possibility that many other service operators might join the crypto bandwagon.
Crypto
How to Invest in Companies Targeting the Water Crisis
"Lack of clean water will define the 21st century in much the same way fossil fuels did for the 20th century," explains Matthew Diserio, president of Water Asset Management, which oversees public and private equity funds. "The oil and gas industry provided many investment opportunities back then."
Companies Discover
Back to the Future: The DeLorean Returns as the All-Electric Alpha5
The DeLorean Motor Company (DMC) was founded in 1975 by John DeLorean, a General Motors star known for his work at Pontiac, and closed its doors in 1982 following a turbulent run. Only 9,000 of the stainless steel-bodied, gullwing-doored DMC-12 were made by the manufacturer.
Banks and Finance
Elon Musk Feels ‘Super Bad’ About Economy, Needs to Cut 10% of Tesla Jobs
A number of business leaders recently began warning about the possibility of a recession, and the Tesla CEO's message on Thursday, "Pause all hiring around the world," comes after he told employees to return to work or leave it.
Companies
Swift and CapGemini Work on CBDC Gateway to Existing Payment Networks
In a recent experiment in the previous year, in a world first, Swift has successfully completed a cross-border transaction between one entity on a DLT-based CBDC network and another on a well-established real-time gross settlement (RTGS) system. This is a significant achievement for both Swift and the wider adoption of CBDCs.
Companies
Apple to Keep iPhone Production Flat as Market Grows Tougher
Additionally, Apple will strive to impress consumers with a more advanced model than last year's one. New screen sizes, including satellite-based text messaging, are expected to be offered in the upcoming iPhone 14 handsets. The iPhone 13 was viewed by consumers as a minor upgrade.
Companies
Shanghai Rolls Out New Stimulus. It Sounds Better Than It Is, Analysts Say
China Beige Book International CEO Leland R. Miller agreed. "There appears to be a good degree of investor optimism surrounding the new Shanghai initiatives," he told Barron's. "If for no other reason than the government is finally addressing the serious falloff in growth with genuine action rather than just pledges."
Banks and Finance
Days After a Crypto Stablecoin Crashed, a Clone Is Growing Rapidly
However, as Terra backers strive to cobble together their own blockchain, crypto investors should be cautious. A procedure might claim that an interest rate is risk-free, but when it is based on an unproven model, danger lurks around every corner.
Crypto
GM’s Newest Weapon in the EV Wars Is a Factory
The facility is located in both Detroit and Hamtramck, Michigan. The term Zero represents GM's goal for an automotive future with zero emissions, zero accidents, and zero traffic congestion. Accidents and congestion reductions are the results of GM's autonomous-driving initiatives. EVs contribute to emissions.
Companies Discover
Walmart Flashes a Warning Sign to the Entire Consumer Economy
There are other retailers as well who suffer from high prices. Even though Home Depot reported better-than-anticipated sales for its first quarter and saw the average amount consumers spent increase by 11%, the number of customer transactions declined by 8%.
Companies