Author Archives: admin

• CoinDesk, a crypto-based firm, is weighing its options regarding a potential sale as it looks to attract growth capital. • According to the WSJ, the firm has recently received offers above $200 million. • This potential sale is a confirmation of Digital Currency Group’s (DCG) financial troubles, as the group had recently announced to […]

• Fidelity Investments, one of the world’s largest financial services providers has announced its complete acquisition of the global fintech firm, Shoobx. • Shoobx offers automated equity management operations and financing software for private companies at all growth stages, up to and including an initial public offering (IPO). • Fidelity and Shoobx’s offerings in this […]

• ByteDance, the parent firm of the social media platform TikTok, has cut hundreds of jobs across multiple departments by the end of 2022. • These job cuts come as part of the company’s plans to streamline operations. • ByteDance is one of the largest employers in china with a total workforce of over 100,000 […]

• Morocco is ready to introduce its crypto regulatory bill after collaboration with the International Monetary Fund, World Bank, Moroccan Capital Markets Authority, and Insurance Supervisory Authority and Social Security. • Governor of Moroccan Central Bank, Bank Al-Maghrib, Abdellatif Jouahiri, has stated that the bill is ready and the country might see it released “in […]

1. European stocks are set to close 2022 on a bearish sentiment due to macroeconomic factors such as the ongoing Russia-Ukraine war, record high inflation, and tightening monetary policy. 2. The Euro to US dollar derivative has been below the ratio of 1 for the first time since the 2008 financial crisis in 2022. 3. […]

• VanEck recently announced that it is suspending two Russia ETFs due to a lack of Western investment interest. • The suspension is due to the Western sanctions against Russia, which have effectively prohibited major Russian stocks from trading in the West. • VanEck cited the inability to buy, sell, and take or make delivery […]

• Avraham Eisenberg, an exploiter of Mango Markets, was recently arrested in Puerto Rico on charges of market manipulation and fraud. • Eisenberg is accused of taking advantage of a loophole on the DeFi trading platform Mango Markets, resulting in him making away with $110 million worth of crypto. • Eisenberg insists he and his […]

• The recent European market slip indicates that investors remain cautious about the potential macroeconomic headwinds next year. • The pan-European Stoxx 600 index closed marginally lower than the flatline on Wednesday amid a broader market slip. • The European Stoxx 600 began Thursday’s session down 0.5% in early trade, while food and beverage stocks […]

• 3Commas CEO Yuriy Sorokin has admitted that the latest API keys leak was the platform’s fault. • The leak has caused the loss of funds for users who have connected their API keys to third-party exchanges. • The platform has requested all partner exchanges to disable their API keys linking to its systems. 3Commas, […]