Monthly Archives: July, 2022

As markets swerve, a preoccupation with income permeates all asset classes

As risk appetite has fluctuated this year, there has been a rising preference for stable income streams behind the scenes of the most recent...
Finance

Pakistan’s imports plunged in July, according to the finance minister, helping the rupee to stabilize

The finance minister stated on Sunday that imports into Pakistan decreased by more than a third in July as a result of a restriction...
Finance

Ledger, a maker of cryptocurrency hardware wallets, is seeking more funding amid the crypto winter

Even though the cryptocurrency market has lately recovered during the past two weeks, the 'crypto winter' symptoms are still present. The regulatory pressure has...
Cryptocurrency

Strong Surges for Ethereum, Axie Infinity, and Another Low-Cap Altcoin, As Predicted by A Twitter Crypto Analyst

As the cryptocurrency markets rebound, a well watched analyst expects a significant surge for the top smart contract platform Ethereum (ETH) and two other...
Cryptocurrency

Zipmex, a cryptocurrency exchange, has filed for bankruptcy in Singapore

Zipmex, a Southeast Asia-focused cryptocurrency exchange, has filed for bankruptcy in Singapore, becoming the latest victim of the global digital currency downturn. Zipmex, based in...
Cryptocurrency

Babel Finance misappropriated $280 million in customer funds

According to The Block, citing the crypto company's restructuring proposal deck, Babel Finance, an embattled crypto lender that froze customer withdrawals in June amid...
Cryptocurrency

The “Bitcoin Valley” has opened in Santa Lucia, Honduras

In Santa Lucia, a tourist destination around 20 minutes from the nation's capital Tegucigalpa, Honduras has launched its own bitcoin city. Throughout the "Bitcoin Valley,"...
Cryptocurrency

NFTs’ potential to increase fan involvement in the sports industry

Since the launch of CryptoKitties in 2017, nonfungible tokens (NFTs) have become much more well-known, and over $800 billion is predicted to be traded...
Cryptocurrency

Resulting from rising oil and gas prices, Shell claims record earnings

As the effects of the crisis in Ukraine continue to provide record profits for the world's oil and gas companies, Shell has announced a...
Finance

China Stocks Experience Worst Monthly Loss in a Year, Bringing Back the Doom

Chinese equities fell sharply on Friday to bring an awful month to a close. This month saw almost all of the concerns that have...
Finance

A16z invests $50 million in VeeFriends

VeeFriends, the NFT company founded by entrepreneur Gary Vee, recently raised $50 million in a seed round led by leading American venture capital firm...
Cryptocurrency

Deposits at non-bank entities, including cryptocurrency firms, are not FDIC-insured

According to the government agency, while deposits at insured banks were protected up to $250,000, no such protections applied to those at crypto companies. The...
Cryptocurrency

Days after stopping withdrawals, Zipmex seeks for bankruptcy protection

A business update issued on Wednesday claims that Zipmex has filed for bankruptcy. The information comes shortly after the Thailand-based cryptocurrency exchange abruptly stopped...
Cryptocurrency

$300 Million Was Lost by a Crypto Firm; is This The Last Frontier For Regulation?

As news broke that Babel Finance had lost a sizable sum through proprietary trading using customer cash, calls for crypto regulation grew louder. The...
Cryptocurrency

Amazon stock increases by about 12% as revenue exceeds estimates

Amazon (AMZN) released its financial results after the market closed on Thursday, exceeding analysts' revenue projections but posting a $2 billion net loss. After-hours...
Finance

Dollar falls as global stocks anticipate their strongest month since late 2020

Global equities increased on Friday, on track to have their best month since late 2020, after euro zone GDP exceeded forecasts. The dollar declined,...
Finance
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