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Financial giant HSBC has launched tokenized gold for its Hong Kong retail clients, becoming the first bank to enter the real-world asset (RWA) tokenization sector. The HSBC gold token The bank unveiled the launch of a gold token for customers in Hong Kong. Users can mint the digital token from HSBC’s Orion platform, online banking, […]

• March 27, 2024 12:21 AM PDT
• Invezz

Shoppers are now not quite as bullish on the economy as they were in recent months, according to new data from the U.S. Conference Board (CB). The March figures for the monthly CB Consumer Confidence Report were released yesterday, with lackluster findings after figures had already declined in February. The figures for March showed American’s […]

• March 26, 2024 11:31 PM PDT
• Invezz

The London Stock Exchange will begin offering cryptocurrency-traded notes tracking Bitcoin and Ether on May 28. In an announcement on March 25, the bourse said it would accept applications for the crypto ETNs as soon as April 8. The applications will need to be approved by the UK Financial Conduct Authority (FCA). The stock exchange […]

• March 26, 2024 11:05 PM PDT
• Invezz

Reserve Rights Token (RSR) price continued soaring this week as investors continue focusing on tokenization. It peaked at $0.013 on Tuesday, 720% above its lowest level in 2023. This makes it one of the best-performing tokens in the market. Reserve Rights Token chart Reserve Rights has done well because of continued inflows in its ecosystem […]

• March 26, 2024 11:05 PM PDT
• Invezz

Fortnox AB (FNOX) stock price has continued its remarkable bull run, stunning investors and analysts. It has surged to a record high of SEK 80, valuing the fintech company at over $4 billion, making it one of Sweden’s most valuable companies. Valuation concerns remain Fortnox is a fintech company that offers accounting solutions to thousands […]

• March 26, 2024 09:05 PM PDT
• Invezz

Radicle, the open-source, peer-to-peer code collaboration stack, has launched Radicle 1.0, marking a significant milestone in the protocol’s evolution. This follows its beta debut in late 2020 and the alpha version in 2019. Radicle 1.0 is poised to revolutionize the way developers publish and distribute open-source code, AI models, and research. Conceived as a decentralized […]

• March 26, 2024 08:40 PM PDT
• Invezz

Arbor Realty Trust (NYSE: ABR) stock has gone nowhere in the past five years as it became one of the most shorted Real Estate Investment Trusts (REIT) in the United States. It has retreated by 0.93% in this period and is up by 14% in the past 12 months, underperforming the S&P 500 and Nasdaq […]

• March 26, 2024 07:02 PM PDT
• Invezz

The Japanese yen is in trouble. The USD/JPY exchange rate is in its third straight week of gains and is now sitting at its highest point in over 30 years. This performance means that yen is the most underperforming currency in the developed world. Yen after the BoJ rate hike The USD/JPY pair has surged […]

• March 26, 2024 06:05 PM PDT
• Invezz

WeWork Inc is in focus today after Adam Neumann proposed to buy the office-sharing company out of bankruptcy for over $500 million. Rithm Capital may be interested in financing Neumann wants to regain control of the company he was ousted from with a $1.7 billion exit package in September of 2019. But anonymous sources told […]

• March 26, 2024 02:36 PM PDT
• Invezz

GameStop Corp just reported disappointing results for its fiscal fourth quarter. Shares of the gaming merchandise retailer are down close to 20% in extended hours. The $4.0 billion company based out of Grapevine, Texas improved its net income from $48.2 million to $63.1 million. Its per-share earnings also jumped to 21 cents in Q4 versus […]

• March 26, 2024 01:21 PM PDT
• Invezz