Saxo Bank’s crypto products rake in $2.5bn October 26, 2021 Online trading and investment platform Saxo Bank has announced booming intake from its crypto products amid surging demand. The bank’s turnover from crypto products exceeded $2.5bn (£1.8bn) for the year, leading the Danish online broker to increase position limits and add new crypto products in response to “exceptional” interest. Demand for the platform’s digital assets [...]
Facebook to spend at least $10bn on metaverse division October 26, 2021 Facebook has announced plans to spend big on its metaverse division which it will separate out from the wider company. In its third quarter earnings announcement the tech giant revealed it is bullish about the metaverse, an online space where people can interact, explore and make purchases as digital avatars, calling it “the next generation [...]
Indonesia a ‘crypto hotspot’ as engagement grows 1772 per cent October 26, 2021 Indonesia has seen surging interest in digital assets this year and ranks as the world’s top “crypto hotspot” according to research by Coinformant. In Indonesia online engagement has grown by 1,772 per cent this year as more people than ever before read articles and searched for information about digital assets. Annual search volume jumped by [...]
Mastercard partners with Bakkt to power crypto payments and rewards October 25, 2021 Mastercard has taken another stride into the crypto space by partnering with Bakkt, a digital assets payments platform. Mastercard will allow its US partners to issue branded crypto credit and debit cards powered by its payments network which will let consumers buy, sell and hold digital assets through custodial wallets supplied by Bakkt. Consumers will [...]
Burger King owner’s shares tumble on back of revenue update October 25, 2021 A lower than expected appetite for Burger King and Tim Hortons caused parent company Restaurant Brands International (RBI) to miss quarterly revenue estimates. While the company’s total sales jumped by 10.8 per cent the latest quarter after declining 5.4 per cent over the same period in 2020, the group continued to feel the impacts of [...]
Tesla shares soar as Hertz places estimated $4.4bn order for 100,000 EVs October 25, 2021 Tesla has scored its largest ever electric vehicle order with Hertz requesting 100,000 cars as part of plans to electrify its rental fleet. Tesla’s share price has jumped by 4.53 per cent today and touched a new all time high of $970.84 on the back of the news. In a shakeup for the car rental [...]
Shiba Inu coin price tumbles as Elon Musk admits he does not own any October 25, 2021 Shiba Inu coin looked like it was on course for the moon this week until a shock revelation by Elon Musk brought it crashing back down to Earth. Celebrity entrepreneur Elon Musk has confirmed that he does not own any SHIB causing its price to tumble by -11.4 per cent from its all time high of [...]
Exclusive: Valereum Blockchain makes bid to purchase the Gibraltar Stock Exchange October 25, 2021 A blockchain technology company wants to takeover the Gibraltar Stock Exchange (GSX) and allow investors to purchase securities using crypto. Valereum Blockchain has signed an option to purchase an 80 per cent stake in the GSX. If the offer wins approval from regulators Valereum will establish the world’s first fully regulated integrated fiat and digital [...]
Volvo scales back Sweden IPO as its value tumbles to £13bn October 25, 2021 Car manufacturer Volvo has delayed its initial public offering on the Nasdaq Stockholm exchange amid faltering investor confidence. The company’s IPO will be pushed back to Friday according to a statement issued today which announced plans to scale back the offering. Shares will be sold for a price of SEK 53, the bottom of its [...]
Bankers on track for record bonuses this Christmas October 24, 2021 City bankers could take home a bumper payout in time for Christmas following a year of record dealmaking and capital raising activity. With many city banks gearing up for bonus discussions in the coming weeks industry experts have predicted that bonuses could reach their highest level in over a decade, the Telegraph first reported. It [...]