LG Electronics To Launch Crypto Asset Wallet, Wallypto

The South Korean-based tech firm LG Electronics recently submitted a patent registration application to USPTO (the United States Patent and Trademark Office). The application is for the company’s latest crypto asset wallet, Wallypto. LG Ventures Into The Crypto Storage Space  Meanwhile, the crypto wallet is still under testing to limit crashes and system errors. According […]

Credit Suisse To Offer Wealth Management Service In China

The second largest bank in Switzerland, Credit Suisse, has unveiled its plan to go big with its China plans. The bank wants to launch a wealth management service in China in 2023. Credit Suisse Eyes Wealth Management Service In China Meanwhile, the Swiss bank has been linked to several scandals surrounding management changes. However, Benjamin […]

Eurozone Inflation Reach ATH Of 9.1% As Firms Stop Gas Supply

In August, the inflation in the Eurozone reached an all-time high of about 9.1%. According to Eurostat, this is the highest rate of inflation in history.  Inflation Continues to Soar in Europe as Energy Crisis Worsens This rate is higher than what most economists predicted before now. Meanwhile, the increasing fuel prices in Europe also […]

EU’s MiCA Law Text to Be Ready In 6 Weeks – Lead Lawmaker

On Thursday, Stefan Berger, the leading lawmaker for the EU’s MiCA (Markets in Crypto Assets) law, said the text could be ready in six weeks. The MiCA law will change the crypto regulatory climate in Europe.  Crypto Firms to Register with State Regulators On June 30th, governments and lawmakers reached an agreement on the outline […]

Sygnum, A Crypto Bank, To Launch Metaverse Hub On Decentraland

Sygnum, a Switzerland-based asset manager and crypto bank, is set to make its first debut on the metaverse. The banking firm plans to launch a virtual hub on Decentraland before the end of September.  Swiss Bank Embraces The Metaverse  On September 1st, the Swiss bank, Signum, announced that it wants to open a digital branch […]

European Stocks Decline To One-Month Low

On Monday, there was a drop in European shares, with tech stocks leading declines, but hawkish comments from central bankers pushed up bond yields. This is because the comments fueled worries about the aggressive measures that the banks may take for curbing inflation, even though there is a risk of a recession. Rate hike possibilities […]

CT Arena Review – Is ctarena.com Scam or Legit?

CT Arena Review You’ll need the help of an online brokerage like CT Arena if you intend to make money trading online, which I’m sure you already know. Keep reading my CT Arena review for additional information on this remarkable company. This is not one of the ordinary brokerages that operate in today’s financial sector […]

UK Stocks Record Worst Weekly Performance since Mid-June

On Friday, there was a drop in UK stock indexes, which saw them record their biggest decline in a week since mid-June amidst mounting concerns about a cost of living crisis in the country. Furthermore, the speech of the chairman of the US central bank, Jerome Powell highlighted that there would be further interest rate […]

Share Prices for Tesla Slide on the Debut of 3-For-1 Stock Split

On Thursday’s trading session, the share prices for Tesla experienced a downtrend. The decline has been recorded just as Tesla made a debut on the NASDAQ stock exchange with a 3-for-1 stock split. Tesla Shares Experienced a Dip The share prices for Tesla moved downwards as the company launched its 3-for-1 stock split through the […]

European Shares Stay Afloat With Tech And Energy Stocks

On Thursday, European shares closed the day higher, as there was a rise in tech and oil stocks. But, gains were capped due to rising concerns about a potential economic recession brought on by an energy crisis. Stocks The continent-wide STOXX 600 index recorded gains of 0.3%. There was a 1.2% rise in energy shares […]

Asia Markets Trading Higher Ahead Of Jackson Hole

On Thursday, Asia-Pacific markets were trading mostly higher ahead of the economic symposium in Jackson Hole in the United States. A typhoon warning had seen trading in Hong Kong halted, but it resumed in afternoon trading. Markets trading higher There was a 3.63% gain recorded in the Hang Seng index in Hong Kong, as it […]

European Shares Put A 3-Day Losing Streak To An End

On Wednesday, European shares ended the day on gains, thanks to a rise in defensive stocks, even though the gains were kept in check by a gloomy growth outlook and a looming gas crisis. Index rises There was a 0.2% rise in the continent-wide STOXX 600 index, as it finally ended a losing streak of […]

Asia-Pacific Markets Trading Lower, As Singapore Inflation Rises

On Tuesday, Asia-Pacific markets were trading lower, after the major indexes on Wall Street ended their worst day since June because of increasing rate hike worries. Asian markets lower The Hang Seng index in Hong Kong recorded a drop of 0.78% in the last hour of trading. There was a 0.404% drop in the Shenzhen […]

Asia-Pacific Markets Mostly Lower Over Fed Fears

On Monday, the shares in the Asia-Pacific markets were trading mostly lower, as there was a re-emergence of concerns about the aggressive hikes from the US Fed. But, there was a rise in Chinese markets, after the country’s central bank reduced its benchmark lending rates. Asian markets The Hang Seng index in Hong Kong saw […]

Meme Stock Bed Bath & Beyond Drops After Cohen’s Exit

After the trading bell on Thursday, there was a 35% drop in the shares of meme stock Bed Bath & Beyond, as billionaire investor Ryan Cohen decided to exit the struggling retailer of home goods. This month had seen meme stocks record a stunning rally, but the investor decided to sell his stake in Bed […]

Troubled Rivian Announces Discontinuation of Its Cheapest Electric Truck

Rivian officials have just made a public announcement, which is more like a public bomb about the discontinuation of its cheapest electric vehicle truck. The company has announced that it has discontinued the production of the R1S SUV and R1T pickup truck’s Explore Package. This is a clear confirmation that it will not be manufacturing […]

After Bond Yields Results, the Value of XAU/USD is at Three-Weeks Low

It has been a while since the trading value of gold has not been performing well against the dollar. The dollar’s price seems to be gaining strength versus the yellow metal and the trend appears to be bearish. Gold’s Prolonged Bearish Trend Since the beginning of the running week, the value of gold has been […]

Celsius CEO Accused of Controlling Trading Scheme and Making Bad Bets

On Tuesday, a new report disclosed that Alex Mashinsky, the Israeli-American chief executive and founder of Celsius Network, was the one behind the trading strategy of the lending platform. According to several people familiar with the matter, the CEO had sold bitcoin worth millions of dollars in anticipation of buying it for a cheaper price. […]