Crypto hedge fund Galois closes, losing $40 million

20.02.2023
One of the world's largest crypto-oriented quantitative funds has ceased operations after losing much of its capital in the FTX collapse, according to a Financial Times report. In November, CoinDesk reported that Galois Capital had...
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Mercedes-Benz notes market uncertainty

17.02.2023
The Mercedes-Benz Group beat analysts' forecasts Friday for annual profits of 20.5 billion euros ($21.80 billion), but the premium automaker warned of lower profits this year because of economic uncertainty. The company's forecast coincides with...
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SEC accuses Do Kwon, Terraform Labs of securities fraud

17.02.2023
The Securities and Exchange Commission (SEC) accused Terraform Labs and its founder and CEO Do Kwon of defrauding investors. In early May 2022, the $60 billion Terra blockchain ecosystem collapsed in a matter of days...
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Bitcoin rises as U.S. inflation slows

15.02.2023
Bitcoin jumped more than 3 percent after President Joe Biden said Tuesday that a new report on the U.S. consumer price index reflected progress against inflation, though there is still work to be done. Major...
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Airbnb stock rises after record profits

15.02.2023
Airbnb Inc. reported record fourth-quarter revenues and profits and its first profitable year on Tuesday, and its management provided a first-quarter outlook that beat Wall Street estimates despite plans to lower prices. Shares of Airbnb...
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