Ukraine’s central bank said Friday it would ban bitcoin purchases made with the hyrvnia. Citizens can still make purchases with foreign currencies with a monthly limit of $3,300. The National Bank of Ukraine labeled bitcoin purchases as “quasi-cash transactions.” Loading Something is loading. Ukraine announced limits on bitcoin purchases Friday to protect against capital flight… Continue reading Ukraine’s central bank is banning bitcoin purchases made with the hyrvnia to prevent capital from fleeing the war-ravaged country
Buying Twitter could personally cost Elon Musk $1 billion in interest a year
Elon Musk’s bid for Twitter got more serious on Thursday after the billionaire made a new SEC filing.The filing showed that Musk has received commitment letters from several banks to fund his proposed takeover of the social media company.Musk could be on the hook for $1 billion in annual interest payments if he succeeds in… Continue reading Buying Twitter could personally cost Elon Musk $1 billion in interest a year
US stocks reverse sharply lower after Fed Chair Powell signals a half-point rate hike is possible next month
US stocks turned sharply lower Thursday after hawkish comments from the Federal Reserve. Chairman Jerome Powell said a 50-basis-point rate hike could be coming in May. The yield on the 10-year Treasury jumped as much as 9 basis points before paring gains. Loading Something is loading. US stocks reversed sharply lower Thursday and Treasury yields… Continue reading US stocks reverse sharply lower after Fed Chair Powell signals a half-point rate hike is possible next month
Crypto investors worldwide raked in $163 billion in gains in 2021, a 400% increase from the prior year as bitcoin and ether prices hit records
Crypto investors worldwide made $163 billion in realized gains in 2021, according to Chainalysis. The 400% increase from 2020 was fueled by price surges in bitcoin and ethereum, with each hitting all-time highs. US investors made the most on a country basis, pulling in $47 billion. Loading Something is loading. Cryptocurrency investors around the world… Continue reading Crypto investors worldwide raked in $163 billion in gains in 2021, a 400% increase from the prior year as bitcoin and ether prices hit records
US stocks closed mixed as massive Netflix sell-off weighs on the Nasdaq
US stocks ended Wednesday’s session mixed, with Netflix’s rout pressuring the Nasdaq. Netflix lost more than $50 billion in market cap during the trading day after reporting a loss of subscribers in Q1. Dow industrials pulled out a win as blue-chip companies reported strong earnings. Loading Something is loading. US stocks closed mixed Wednesday, with… Continue reading US stocks closed mixed as massive Netflix sell-off weighs on the Nasdaq
Weekly NFT sales jump 20% to $246 million. These were the 5 best-selling digital collections.
NFT sales had a breakthrough year in 2021, and over the past 12 months, volume has hit $25 billion.But after nearing $1 billion in a single week in January, NFT sales have slowed amid an ongoing bear market in cryptocurrencies. Loading Something is loading. The cryptocurrency boom over the past few years has helped propel… Continue reading Weekly NFT sales jump 20% to $246 million. These were the 5 best-selling digital collections.
Weekly exports of US oil products hit an all-time high as amid a scramble to replace Russian supply
US oil and petroleum exports hit a record 10.6 million barrels a day in the week ending April 15, new data shows. The spike reinforces the US’s position as a last-resort energy supplier while sanctions squeeze Russian exports. Additionally, US exports outweighed imports by the largest-ever margin, Bloomberg reported. Loading Something is loading. American oil… Continue reading Weekly exports of US oil products hit an all-time high as amid a scramble to replace Russian supply
Digital World Acquisition could plummet 78% as regulatory scrutiny means it will likely never merge with Trump’s Truth Social media platform, short seller says
Digital World Acquisition fell 9% on Wednesday after Kerrisdale Capital released a short report.Kerrisdale said Digital World could fall 78% on the belief that it will not complete its merger with Truth Social.”DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has… Continue reading Digital World Acquisition could plummet 78% as regulatory scrutiny means it will likely never merge with Trump’s Truth Social media platform, short seller says
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