Business analytics software provider MicroStrategy additionally bought 660 BTC worth about $25 million, with an average purchase price of ~$37,865, CEO Michael Saylor said. The transactions took place between December 30, 2021 and January 31, 2022. In total, MicroStrategy owns 125,051 BTC worth ~$4.8 billion at current exchange rates. The firm spent about $3.78 billion […]

American electric car maker Tesla Inc. is recalling 53,882,000 cars due to safety problems related to autonomous driving software. This is about the “rolling stop” function in the software full self-driving (full autonomous driving), which is responsible for braking in front of a sign prohibiting traffic. According to the U.S. National Highway Traffic Safety Administration […]

Ark Invest family of funds head Katie Wood said Tuesday that BTC started the revolution and etherium has become the predominant platform for smart contracts today, saying she believes in both of these cryptocurrencies, Business Insider writes. However, her funds are not actively trading digital collectibles, known as NFTs. Asked which she believes in more, […]

Oil prices turned around during the afternoon session and are retreating from the seven-year highs reached last week: falling inventories point to high demand and supply shortages, but investors remain cautious ahead of the OPEC+ meeting later today. Brent crude futures were down 0.37% to $88.83 per barrel by 14:43 MSC, while WTI crude was […]

BlackRock, the world’s largest asset manager, said augmented reality technology being pursued by companies such as Meta, formerly Facebook, is something “every company will have to deal with”. In a note to clients published by the Financial Times, BlackRock Fundamental Equities chief investment officer Nigel Bolton backed so-called “Web 3” platforms, in which companies from […]

UBS reported a drop in quarterly profit Tuesday, but beat analysts’ expectations and set ambitious new profitability targets as part of a strategic update.  Net income, in Q4, came in at $1.35 billion. That was down from $1.64 billion a year earlier, and down from $2.28 billion in the previous quarter.   Analysts had forecast […]

Warren Buffett became richer than Mark Zuckerberg after shares of Meta – Facebook’s parent company – lost nearly $240 billion on Thursday following a dismal quarterly earnings report. The 26% collapse in Meta’s stock price sent Zuckerberg’s net worth, who owns 14% of Meta, down nearly $31 billion in a day to about $90 billion, […]

Currency analysts at Credit Suisse expect the Swiss National Bank to remain committed to price stability and to view franc appreciation as an important tool to contain inflation. Given the domestic consensus on the benefits of a strong currency, Credit Suisse believes that the Swiss Bank will only intervene if the franc strengthens rapidly.   […]

Semiconductor manufacturer NVIDIA has finally abandoned plans to acquire British microchip developer Arm from SoftBank Group for $66 billion, the Financial Times reports. NVIDIA’s board of directors made the decision at a meeting on Monday, February 7. SoftBank and Arm are entitled to keep the $2 billion that NVIDIA paid when it signed the contract, […]

An exchange traded fund (ETF) from Valkyrie Investments with a basket of stocks of mining companies will begin trading on the NASDAQ Stock Market under the ticker WGMI on Tuesday, February 8, Cointelegraph reports. 80% of the fund’s assets come from securities of companies that derive at least 50% of their profits from bitcoin mining. […]

In honor of the Lunar New Year, the head of KuCoin crypto exchange Johnny Liu shared his vision of digital asset industry trends and predictions for 2022. He told us what to expect from the market, how to keep savings during inflation and why meta-universes are so much talked about. Johnny Liu prefers not to […]

In expectation of a quick rebound of quotations – probably not. The reasons are as follows: It is not the fact that the company’s quarterly results will impress the market and cause a rise in quotations. At the end of last year there was a slowdown in retail sales growth in China, in December this […]

Social media giant Meta issued a warning in its annual report last Thursday that it may shut down its Facebook and Instagram social networks in Europe if it can no longer transfer user data to the U.S., CNBC writes. In July 2020, the European Court of Justice ruled that the standard for sharing user data […]

In January, the population bought $2.2 million more foreign currency than sold it In January, the population bought currency by $2.2m more than it sold it. This is stated in the reporting data of the NBU. In the cash foreign exchange market in January, net purchase of currency by the population exceeded the sale. In […]

CIBC notes that there has recently been an aggressive increase in expectations of a hawkish Federal Reserve, with markets pricing in a Fed rate hike of at least 0.25% in March. With a rate hike already a foregone conclusion, the bank expects dollar strength to take a pause in the short term. “With the market […]

In Russia, 171,905 cases of coronavirus infection were detected over the past 24 hours, according to the operational headquarters. The indicator has decreased compared to Sunday, when more than 180,000 new cases were detected. 609 people died during the 24-hour period. 55,600 people recovered (minus 6.5% from the day before). The rate of morbidity in […]

Russian President Vladimir Putin has promised not to take new military initiatives near Ukraine’s borders for the time being as a sign of readiness for possible de-escalation, a French official said after Putin’s talks with French President Emmanuel Macron. The Russian leader, according to the French official, also agreed that troops taking part in exercises […]