Binance, the world’s largest cryptocurrency exchange, is struggling to hold onto assets. Following the collapse of rival exchange FTX, investors have been withdrawing their cryptocurrencies in recent weeks, and despite assurances from CEO Changpeng Zhao that the situation has stabilized, the outflow of funds is accelerating. According to Defillama, a cryptocurrency data firm, customers withdrew […]

On Thursday, almost all traders in the West will be closely watching the latest U.S. consumer price index (CPI) data from the Labor Department, due at 08:30 a.m. ET (13:30 GMT), Bloomberg writes. But even a month earlier – on Dec. 13 – before the monthly CPI, one of the U.S. Federal Reserve’s preferred measures […]

Elon Musk’s Tesla (NASDAQ:TSLA) has cut the prices of its electric cars in the U.S. and European markets, expanding its discounting strategy, Reuters writes. The price cuts for electric cars in the U.S. for the Model 3 sedan and Model Y crossover range from 6% to 20% compared to prices before discounting and before accounting […]

Shares of billionaire Richard Branson’s American space company Virgin Galactic rose 19.7% to $5.53 on the New York Stock Exchange’s after-market on January 12. During the main session, the securities rose by 7.7%. The growth of quotations of Virgin Galactic, specializing in space tourism, was observed after its announcement about updating the management structure and […]

SberCIB predicted the dollar at RUB 65 due to the resumption of the budget rule, and experts assessed the impact of problems with oil sales on the Russian budget – these and other important news for Friday morning, January 13, in our daily review. The Finance Ministry’s decision to start selling yuan as part of […]

Victims of the crypto pyramid BitConnect will receive compensation in the amount of more than $17 million, RBC writes with reference to the press release of the U.S. Department of Justice. The federal district court in San Diego ruled that the amount of compensation will be distributed among about 800 victims of BitConnect from more […]

If negotiations between Moscow and Kiev resume, they will most likely be direct and without the participation of mediators, the director of the second department of CIS countries at the Russian Foreign Ministry, Aleksey Polishchuk, has said. TASS reported. “If and when these contacts are resumed, they are likely to be direct as well. And […]

Singapore-based Crypto.com said it plans to cut about 20% of its staff as more cryptocurrency exchanges face industry-wide problems stemming from the recent FTX bankruptcy last year. The announcement came amid concerns over reserves and the solvency of the entire sector just days after rival exchanges Coinbase Global Inc (NASDAQ:COIN) and Huobi announced plans to […]

The Moscow Exchange index rose by 0.7% and rose to 2200.85 points. This is evidenced by trading data on the Moscow Exchange as of 13:54 MSC. The MosBirch index exceeded the mark of 2200 points for the first time since December 6. The RTS index rose by 1.3% to 1,028.86 points. The stock market is […]

Global funds have started buying up shares listed on the stock exchanges of mainland (excluding Hong Kong and Macau) China. The interest in the securities has grown as the country is lifting anti-commodity restrictions and taking measures to stimulate economic growth, Bloomberg writes. Foreign investors only on Friday, January 13, invested $2 billion in shares […]

The U.S. Securities and Exchange Commission (SEC) on Thursday said it has charged Genesis Global Capital LLC and Gemini Trust Company LLC with illegally selling securities to hundreds of thousands of investors through their cryptocurrency lending programs, Reuters writes. Genesis, as part of the Digital Currency Group, struck a deal with Gemini in December 2020, […]

U.S. bank Wells Fargo & Co (NYSE:WFC). recorded a 6% decline in revenue in the fourth quarter of 2022, while its net income fell by half due to one-time expenses. According to a press release from the bank, revenue in the October-December period totaled $19.66 billion, down from $20.86 billion in the same period a […]

Bed Bath & Beyond has had a tumultuous start to 2023, with the company’s stock up more than 230% in just four days, writes Business Insider. According to S3 Partners, short sellers of the dwindling retailer made $179 million in profits in 2022, but they lost more than $30 million in 2023, and are now […]

The European Union’s tenth package of anti-Russian sanctions should be ready by the end of February, it may include further restrictions on Russian media and disconnecting more banks from the SWIFT system, Reuters reports citing diplomats from Poland and Lithuania. “They (diplomats) said that the tenth package of sanctions should be ready by February 24,” […]

Russia and Iran have started discussing the creation of a joint steiblcoin linked to gold, and economists have assessed the likelihood of recession in the United States in the coming year – these and other important news for Monday morning, January 16, in our daily review. The Central Bank of Iran is discussing with Russia […]

At least four Chinese supertankers are delivering Russian Urals crude oil to China after the European Union and G7 countries imposed a price ceiling on energy from Russia, Reuters reports. According to the agency, another vessel was heading to India. According to Reuters’ sources, all five shipments were scheduled for the period from December 22 […]

According to recent data, consumer inflation in the U.S. is generally weakening, which strengthens expectations of further slowing of the rate dynamics by the Federal Reserve, but at the same time, inflation remains above the Fed’s 2% target, which does not yet give full hope of easing the central bank’s course, writes Business Insider. Bank […]

SPB Exchange shares soared by 16.96% to 141.4 rubles per paper as of 11:54 MSC, according to trading data on the Moscow Exchange. By 11:56 MSC, the growth slowed to 15.8%, and the price per share amounted to 140 rubles. The jump in quotations occurred after SPX Exchange published trading results for 2022 and announced […]