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Invest news

A collection of 131 issues

Hong Kong to introduce licensing for steblecoins

Hong Kong plans to introduce licences for stabilecoin issuers this year. The local regulator, The Hong Kong Monetary Authority (HKMA), made the announcement. Companies that want to operate in the market will have to file paperwork for their services. The HKMA will take control of all phases of the stablcoin

Chainway launches Tornado Cash proof-of-coin service

Developer Chainway has introduced a tool that allows Tornado Cash users to prove their non-involvement with black wallets and fraudsters without disclosing the user's address. When using the service, the customer specifies which malicious wallets they do not want to be associated with. The protocol will then check that the

Work on a joint Argentine-Brazilian currency could start this week

Argentine Economy Minister Sergio Massa told Argentine journalists that work on the establishment of a joint Argentine-Brazilian currency will begin as soon as this week, according to the Argentine press. "There is a decision to start studying the parameters needed to create a common currency, this concerns everything from taxation

Group One acquires 13.5% stake in MicroStrategy

According to a January 10 SEC filing, US-based Group One is preparing to buy 1.3 million shares in MicroStrategy. That's 13.5% of the company, which is the largest private holder of BTC among commercial counterparties. The amount of the deal has not been disclosed. But given this year's

Bank of England unveils King Charles III banknote design

First announcing the design ahead of Charles III's coronation in May, Britain's central bank said the king's portrait will appear on all four banknotes currently in circulation in the United Kingdom - £5, £10, £20 and £50. The image of the King will appear on the front side of the

JPMorgan raises China's GDP growth forecast for 2023

Analysts at investment bank JPMorgan on Thursday raised its 2023 GDP growth forecast for China by 30 basis points to 4.3 percent due to easing quarantine regulations in the world's second-largest economy, Reuters wrote. The bank also lowered its 2022 economic growth forecast for the country to 2.8

The most expensive private company in the U.S. was named

U.S. businessman Ilon Musk SpaceX offered private investors to buy shares of $ 77 a piece, Bloomberg reported citing sources. Thus, this is the most expensive private U.S. company with an estimated capitalization of $ 140 billion. In the summer, Musk's company was valued at $127 billion. Sources say that

Russia increased oil production before the embargo

Russia Increased Oil Production by Two Percent Before Embargo Russia before the introduction of the EU embargo was able to increase oil production by two percent in November, to almost 1.49 million tons per day, Kommersant wrote, citing a source familiar with the statistics. Since the beginning of the

The EU intends to conquer the market for electric cars

The European Union should offer more support to car manufacturers and component suppliers in Europe. This is necessary to create our own electric cars that can compete with products from the U.S. and China, said Emmanuel Macron.

Russian companies receive from China up to 40% of defective microchips,Kommersant writes, citing a source in the Russian electronics market.

The reason: parallel imports, and as a consequence, the refusal of official Chinese suppliers to work with Russian buyers.