This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Several cities in China are halting production on non-essential services and conducting mass testing to contain an emerging Covid spike.
The plunge in the market is a normal reaction from investors who seek out safety amidst the uncertainty.
Amazon 20-for-1 makes it the latest tech company splitting its shares. Apple had its 4-for-1 stock split in 2020, while Google’s 20-for-1 split was in February. Tesla is planning a 5-for-1 split.
Prominent Chinese transportation platform Didi will suspend its Hong Kong IPO listing as it fails to satisfy Chinese internet watchdog.
For the third quarter (Q3) of the fiscal year 2022, Oracle reported total revenue of $10.5 billion, up 4% year-over-year.
Rivian stock fell after the company posted fourth quarter financial earnings projecting a less-than-expected number of vehicles for 2022.
Crypto-related stocks especially in the mining firms like Riot Blockchain and Marathon Digital Holdings gained 11.52%, and 14.9% respectively.
Amazon will continue to work closely with NGOs and organizations to cater to humanitarian needs in Russia.
Comparing Bumble 2021 Q4 with reports of the previous year, there was an increased revenue of $208.2 million against $165.6 million.
In the filing Goldman Sachs says that it will offer clients exposure to the Galaxy Digital Ethereum fund and in turn shall receive an introductory fee.
After 32 years of successful operations, McDonald’s quits Russia amid the recent ongoing geopolitical turmoil. PepsiCo, Coca-Cola and Starbucks also took similar decisions.
Buffett recently talked about the “four giants” of Berkshire Hathaway, making him one of the richest people in the world. First on the list is Berkshire’s insurance business, which Buffett said will never go “obsolete.”
Starbucks has indicated that it will extend its support to Russian partners including employees to cater for their livelihood.
After GameStop chairman Ryan Cohen revealed that he owned 10% of Bed Bath, the merchandise retailer saw its shares climb.
Russia remains the major supplier of oil and gas to Europe, and while many EU leaders have imposed sanctions on Russia, there is no guarantee that many will want to boycott the Russian crude oil products.