Self-proclaimed bitcoin inventor’s $2.5 billion lawsuit can go to trial
© Reuters. FILE PHOTO: Bitcoin are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/File Photo LONDON (Reuters) – Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court said on Friday. The ruling paves the way for a […]
UBS Posts Net Profit of $7.6 Billion in 2022
UBS, a Swiss global investment bank, posted a net profit of US$7.6 billion in 2022 despite “difficult macroeconomic and geopolitical environment.” The Swiss financial services company also reported a profit before task (PBT) of US$9.6 billion and a diluted earnings per share (EPS) of US$2.25 during the past year. UBS disclosed these figures on Tuesday […]
US treasury auctions off $43 billion a five year notes at a high yield of 3.53%
WI level at the time of the auction 3.554% Auction Grade: A Once again, the international demand comes to the rescue taking 11% more than the 6 month average. The Domestic demand was marginally lower. Dealers have a low 8.8% of the leftovers. Bid Bid In a market, a bid is a price at which […]
CySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022
The asset under management (AUM) of investment management firms supervised by the Cyprus Securities and Exchange Commission (CySEC) reached €9.9 billion during the third quarter (Q3) of 2022. This represents 7.2% and 14.7% decreases when compared to the firm’s performance during Q2 2022 and Q3 2021. “The decrease in the value of investments is mainly […]
Crypto Market Cap Fell by 64.1% to $829 Billion in 2022: Report
With bearish trends in Bitcoin (BTC), Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), the market capitalization of the global cryptocurrency market slumped by 64.1% to $829 billion at the end of 2022, down from $2.3 trillion at the start of the year. In a similar fashion, spot trading volume on the top 10 crypto exchanges […]
U.S. Treasury auctions of $18 billion of 30 year bonds at a high yield of 3.585%
WI level came in at 3.609% just ahead of the auction. High-yield 3.585% WI level at the time of the auction 3.609% Tail -2.4 bps vs six-month average of -0.2 basis points Bid to cover 2.45X versus six-month average of 2.37X Directs (measure of domestic demand) 16.33% vs. six-month average of 19.0% Indirects (measure of […]
U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977%
High-yield 3.977% versus WI level of 4.000% at the time of the auction tail -2.3 basis points. bid to cover 2.84X versus six month average of 2.52X directs 13.2% versus a six month average of 19.3% indirect 69.5% versus six month average of 59.2% primary dealers 17.3% versus six month average of 21.5% The only […]
Canadian Fintech Nuvei to Buy US-Based Paya for $1.3 Billion
Nuvei, a Canadian fintech company has agreed to buy Paya, an Atlanta-based integrated payments provider in a deal worth approximately $1.3 billion. Nuvei will pay USD $9.75 in cash per share, the companies announced in a statement released on Monday. While Nuvei offers next-generation payment infrastructure and payout options, Paya provides commerce solutions to help […]
MarketAxess ADV Rises 27% to $10.6 Billion in December
US-listed MarketAxess Holdings (Nasdaq:MKTX) has published its demand metrics for December 2022, reporting a total average daily volume (ADV) of $27.19 billion. That figure has increased by 11% Year-over-Year (YoY). AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of clients ranging from small family-owned businesses to large corporations. […]