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Landesbank Baden-Württemberg (LBBW), Germany’s largest state-backed lender, has partnered with Australian cryptocurrency broker Bitpanda to offer crypto custody services. The partnership gives LBBW access to Bitpanda’s “Investment-as-a-Service” infrastructure to buy and store cryptocurrencies. The cryptocurrency solutions target corporate clients. Commenting on the announcement, the LBBW board of directors for finance, strategy, and operations Stefanie Münz […]

• April 15, 2024 04:36 AM PDT
• Invezz

Chinese equities continued wavering on Monday as traders shifted their focus to the crucial GDP, retail sales, and industrial production numbers. In Hong Kong, the blue-chip Hang Seng index retreated by over 0.70% on Monday.  Hang Seng chart by TradingView China GDP data ahead In Mainland China, the closely-watched Shanghai Composite index soared by over […]

• April 15, 2024 04:14 AM PDT
• Invezz

In the volatile crypto sector where trends shift like the wind, three assets — Shiba Inu (SHIB), Litecoin (LTC), and Rebel Satoshi (RBLZ) — have captured investors’ attention. Each of these assets presents unique opportunities and challenges, reflecting the diversity and complexity of the crypto market. Let’s learn why Shiba Inu and Litecoin investors are […]

• April 15, 2024 04:00 AM PDT
• Invezz

This past week, Bitcoin (BTC) experienced significant fluctuations amid escalating geopolitical tensions and the anticipation of the forthcoming halving event. The cryptocurrency closed the week at approximately $65,650, marking a 5.3% decrease from the previous week’s closing figure of around $69,350. The volatile period was particularly pronounced over the weekend, following a relatively stable phase […]

• April 15, 2024 03:58 AM PDT
• Invezz

Cryptocurrencies rose early Monday after news that the Hong Kong Securities and Futures Commission (SFC) had approved two applications for spot Bitcoin and Ethereum ETFs. BTC rose above $66k as bulls recouped losses seen when the market sold-off over the weekend. ETH also traded higher, tagging gains near $3,300. Elsewhere in the market, the positive […]

• April 15, 2024 03:53 AM PDT
• Invezz

Tesla Inc (NASDAQ: TSLA) is in focus today following a report that it plans on lowering its headcount by more than 10%. How many employees will Tesla lay off? The electric vehicles behemoth recently asked managers to cancel annual reviews of a bunch of employees, halt stock rewards, and spot critical team members, as per […]

• April 15, 2024 03:33 AM PDT
• Invezz

VinFast (NASDAQ: VFS) stock price crashed to a record low and this week will be more volatile as the company publishes its financial results. It plunged to a record low of $3.60 on Friday, a significant collapse for a company that was trading above $20 in 2023.  Quarterly earnings ahead VinFast’s shares have been in […]

• April 15, 2024 02:47 AM PDT
• Invezz

Going into the Q1 2024 earnings season on Friday, markets were upbeat. Investors were particularly optimistic about two company types in particular: US oil stocks and AI-related stocks. All of that changed on Friday and over the weekend, with both of those stock types now facing severe headwinds. Let’s dive into three reasons investors may […]

• April 15, 2024 02:20 AM PDT
• Invezz

The deputy director of the Economic and Civil Legislation Department in Vietnam, Cao Dang Vinh, has clarified that cryptocurrencies are not banned in the country, but there is a need for a comprehensive legal framework. According to a local report, the Minister noted that creating a legal framework to regulate these digital assets would help […]

• April 15, 2024 02:10 AM PDT
• Invezz

Hong Kong has approved the launch of the first spot Bitcoin and Ethereum ETFs in the country, solidifying its position as a leading hub for cryptocurrency investments in Asia. Hong Kong’s Securities and Futures Commission (SFC) has granted conditional approval to Bosera Asset Management and HashKey Capital for the introduction of spot Bitcoin and Ethereum […]

• April 15, 2024 01:38 AM PDT
• Invezz