The World Bank on Tuesday lowered its global economic growth forecast to 4.1 percent in 2022 and to 3.2 percent in 2023, and warned that inflation, debt and income inequality could jeopardize the recovery of emerging market and developing countries, CNBC writes. In its report titled “Global Economic Prospects,” the World Bank explained the downgrade […]

TCS Group Holding, the parent structure of Tinkoff Bank, has bought a stake in Swiss crypto exchange Aximetria, The Bell reports, citing company documents. The documents show that on November 9 last year TCS Group bought 4,449 shares of the company at 100 Swiss francs each (about 36 million rubles in total), and the total […]

The world’s largest cryptocurrency exchange Binance has expanded its presence in Russia, Ukraine and Eastern Europe through a series of new appointments. Olga Goncharova will take up the position of GR Director for Russia and CIS, while Vladimir Smerkis will become Binance’s Director for Russia. In addition, Kirill Khomyakov has been appointed general manager in […]

The United States would impose sweeping sanctions against top Russian military and government officials, including President Vladimir Putin, as well as key banking institutions if Moscow displays military aggression against Ukraine, according to a new bill to be introduced Wednesday by Democratic senators, the Washington Post reported. The bill also includes provisions to help Ukraine […]

When the Winter Olympics begin next week in Beijing, many in the cryptocurrency world will be watching. That’s because China’s new Chinese digital yuan, the first central bank digital currency in a major economy, is expected to see wider use during the games. The People’s Bank of China has stepped up testing of the currency. […]

Jeremy Grantham, in an interview for Bloomberg, warns of a “super bubble” in financial markets and warned that it could cause the S&P 500 to fall 43%. The veteran investor and co-founder of GMO also said that heavy speculation on meme stocks, cryptocurrencies and other high-risk assets has peaked. Moreover, he blamed the Federal Reserve […]

Based on January results, bitcoin, the largest cryptocurrency by market value, saw just 11 days of growth, meaning bitcoin spent 65 percent of the month in decline. Other digital assets have also suffered: the second-place token Ether has fallen about 30% percent since the end of December. Bitcoin has plunged to $33,000 from a record […]

Apple reported record quarterly revenue of $124 billion on Thursday, despite a global chip shortage and the shifting effects of a pandemic that weighed on other major tech players. The better-than-expected results signaled that the technology boom of the coronavirus era may not be over, even as slowing growth overshadows companies such as lifestyle champion […]

“Lenta” reported the closing of the deal to purchase online retailer “Utkonos”. The purchase price at the time of closing amounted to 20 billion rubles, the company said in a statement. “Lenta” is going to combine “Lenta Online” and “Utkonos” into a single business with two brands, each of which will develop its own segment. […]

Business analytics software provider MicroStrategy additionally bought 660 BTC worth about $25 million, with an average purchase price of ~$37,865, CEO Michael Saylor said. The transactions took place between December 30, 2021 and January 31, 2022. In total, MicroStrategy owns 125,051 BTC worth ~$4.8 billion at current exchange rates. The firm spent about $3.78 billion […]

American electric car maker Tesla Inc. is recalling 53,882,000 cars due to safety problems related to autonomous driving software. This is about the “rolling stop” function in the software full self-driving (full autonomous driving), which is responsible for braking in front of a sign prohibiting traffic. According to the U.S. National Highway Traffic Safety Administration […]

Ark Invest family of funds head Katie Wood said Tuesday that BTC started the revolution and etherium has become the predominant platform for smart contracts today, saying she believes in both of these cryptocurrencies, Business Insider writes. However, her funds are not actively trading digital collectibles, known as NFTs. Asked which she believes in more, […]

Oil prices turned around during the afternoon session and are retreating from the seven-year highs reached last week: falling inventories point to high demand and supply shortages, but investors remain cautious ahead of the OPEC+ meeting later today. Brent crude futures were down 0.37% to $88.83 per barrel by 14:43 MSC, while WTI crude was […]

BlackRock, the world’s largest asset manager, said augmented reality technology being pursued by companies such as Meta, formerly Facebook, is something “every company will have to deal with”. In a note to clients published by the Financial Times, BlackRock Fundamental Equities chief investment officer Nigel Bolton backed so-called “Web 3” platforms, in which companies from […]