Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos … Read more
The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring the latter on-chain. According … Read more
Amid the FTX and crypto market chaos, Cathie Wood-led Ark Investments has increased its Coinbase (COIN) holdings with a purchase of 237,675 COIN shares worth about $12.1 million on Nov. 9. Of the 237,675 COIN shares, Ark Investment Management added 207,527 shares to its ARK Innovation ETF (ARKK), 22,416 shares to its ARK Next Generation … Read more
FILE PHOTO: Nov 7, 2022; Dallas, Texas, USA; Brooklyn Nets interim head coach Jacque Vaughn during the first quarter against the Dallas Mavericks at American Airlines Center. Mandatory Credit: Kevin Jairaj NEW YORK—The Brooklyn Nets named longtime assistant Jacque Vaughn their new head coach on Wednesday, amid a turbulent moment in the franchise’s history. The … Read more
UBS reported a 24 per cent fall in net profit, as its rich clients held back from turbulent markets and investment banking revenues shrank. The world’s biggest wealth manager generated $1.7bn of net profit in the third quarter, ahead of analyst estimates of $1.5bn, on $8.2bn of revenue. “Clients remain concerned about persistently high inflation, … Read more
James Peters, the first black man to play for England (Credit: World Rugby Museum, Twickenham) This Black History Month 2022, we look into the tragic and turbulent story of James ‘Jimmy’ Peters, England’s first black rugby player. In fact, not only was Peters the very first black man to represent England at rugby in 1906, … Read more
Toncoin is outperforming major coins despite a turbulent week for the crypto market. The coin experienced a surge of over 14% within the week, leaving traders with huge profits. Toncoin is currently trading at $1.44 per coin, a 4.68% gain in the last 24 hours. Toncoin’s gains also extend to BTC and ETH as it … Read more
Quant (QNT) is the first blockchain OS that enjoyed continued gains in the last week despite other coins facing turbulent times. The top-30 coin has enjoyed a five-day upswing, gaining over 34%. As of writing, Quant’s price is trading at $198, although it broke its $206 resistance during the day. The token is experiencing a … Read more
After raising cash in recent weeks, we put money to work as a Fed-related sell-off tipped the market into oversold conditions. Source link
