Hong Kong launches inverse Bitcoin ETF to profit from crypto decline
In a surprising turn of events, Hong Kong is set to debut Asia’s first inverse bitcoin exchange-traded fund (ETF) this Tuesday, allowing investors to profit [more…]
Category: Investing & Markets
Temasek bets big in India’s booming markets
In a daring strategic move, Singapore’s powerhouse investor Temasek is set to pour up to a whopping $10 billion into India’s vibrant markets over the [more…]
Pakistan’s economic odyssey continues with IMF rescue
In a significant turn of financial fate, Pakistan has once again found itself under the stringent guardianship of the International Monetary Fund (IMF). After a [more…]
Germany’s Bitcoin sales spark market turmoil
For the past few weeks, Germany has been quietly shaking the cryptocurrency world, offloading hundreds of millions of dollars worth of bitcoin and triggering a [more…]
South Korea slaps record fines on Credit Suisse for short-selling violations
In a turn of events, South Korea’s financial watchdog has slammed the gavel down on two subsidiaries of the erstwhile Credit Suisse group for their [more…]
S&P Global sounds the debt alarm
In a not-so-surprising twist, S&P Global has painted a rather grim picture for the future of debt levels in major economies, including the United States, [more…]
Mt. Gox’s $9 billion bitcoin payout, a boon for investors, a jolt for the market
In a dramatic turn of events, the long-defunct Tokyo-based bitcoin exchange Mt. Gox is set to return nearly $9 billion worth of tokens to its [more…]
Crypto market shakes as Bitcoin dips below $61K
Bitcoin, the reigning monarch of the cryptocurrency world, continued its rollercoaster journey, plunging to $60,000 on Monday. The digital asset was last seen down over [more…]
Spain’s May inflation rises, driven by higher electricity and fuel prices
Spain’s latest inflation report is out, and it’s painting a picture that’s a bit more colorful than expected. The National Statistics Institute revealed that year-on-year [more…]
Shanghai Stock Exchange bars S2C from IPO for fraudulent profits
In a stunning twist, the Shanghai Stock Exchange has wielded its hammer of justice, barring local chip maker S2C from listing its shares for a [more…]