In a determined financial move, Ark Invest, the well-known firm led by Cathie Wood, has strategically liquidated some of its shares, including those of Coinbase (COIN), as well as other prominent companies. Simultaneously, the firm has directed capital towards Bitcoin futures ETFs, once again…
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Musk is no longer “so interested” in cryptocurrencies
Eccentric tycoon and owner of Tesla, SpaceX and X (Twitter), Elon Musk, reveals his shift away from cryptocurrencies
During a conversation with Cathie Wood of Ark Invest at an X Space event held yesterday, Elon Musk, the visionary…
Argentine companies soar on the New York Stock Exchange
Argentine companies listed on the New York Stock Exchange experienced an impressive increase in their values during the first hours of trading on Wall Street, with increases that in many cases exceeded the double-digit threshold.
Standing…
Banco do Brasil reported profits of USD 5.3 billion until September
Banco do Brasil, the country's second-largest financial institution, achieved profits of USD 5.3 billion in September, which represents 14 % more than the same period in 2022.
According to the data presented in the quarterly report, the…
Mexico among Latin countries with the least debt
Gabriel Yorio, Undersecretary of Finance and Public Credit of the Government of Mexico, assured that Mexico will maintain one of the lowest levels of debt in relation to its Gross Domestic Product (GDP) in Latin America, despite the budget…
Inflation in Chile fell two tenths in September
The Consumer Price Index (CPI) of Chile fell to 5.1 % year-on-year in the month of September, which represents a reduction of just two tenths compared to the previous month, according to the National Institute of Statistics (INE).
This…
IMF warned about the risks of cryptocurrencies in the financial system
The International Monetary Fund (IMF) issued a report aimed at addressing the rapid changes in the cryptocurrency market. In this report, titled "Assessment of the macrofinancial risks of cryptocurrencies", the IMF highlights the…
Apple and Goldman Sachs cancel trading app plans
In a surprising joint decision, Apple and Goldman Sachs canceled their ambitious plans to launch a futures trading app. The news, which was announced on September 19 via CNBC, shook the financial world.
Initially scheduled for release in…
Paypal officially launched its own cryptocurrency
Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents.
According to the payment services…
Venezuela signs new cooperation agreements in Moscow
Venezuela and Russia strengthened commercial ties this Monday with the signing of new agreements in strategic areas such as health, finance, sports, economy and transportation, among others.
The signing of the agreements took place in…
Venmo will allow cryptocurrency transfers
PayPal's subsidiary platform Venmo announced Friday that it will soon allow its users to execute cryptocurrency transfers.
According to the Hispanospost media outlet, starting this May, Venmo users will have the opportunity to "transfer…
Cryptocurrency companies struggle to access banking services in the UK
Cryptocurrency businesses face multiple difficulties in accessing banking services in the UK. According to various sources, the few banks that still work with cryptocurrencies are increasingly requesting more documentation and information…