Tag: Report

Hindenburg Research Announces Another ‘Big’ Report Following Adani Exposé

Forensic research platform Hindenburg Research has teased another report amid the ongoing US banking crisis.  Following its Adani report, US short-seller Hindenburg Research says it will release a new report on another target soon. The New York-based research firm did not specify the next release and provided no details about timing or content. Nonetheless, speculation is rife that the upcoming Hindenburg report could deal with the ongoing US banking crisis. This is because of the crisis’ impact on the financial landscape as triggered by the recent collapses of some commercial…

Tencent Shares Up 8% after Report of Online Ad Revenue Growth in Q4 2022

As a high-growth-oriented company, Tencent is charting a very ambitious path to grow its revenue over time. Chinese multinational tech giant Tencent Holdings Ltd (HKG: 0700) has released its fourth-quarter earnings report in which it showed a better-than-expected online ad revenue. According to the firm’s report, its overall revenue for the fourth quarter came in at 144.95 billion yuan ($21.07 billion), a figure higher than the 143.89 billion yuan estimated by FactSet. The online ad revenue was also very impressive, growing by 15% to 24.7 billion yuan, beating a FactSet…

A third of US crypto holders have experienced theft: Report

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Cybersecurity services provider Kaspersky has released a report on risks associated with cryptocurrency use. The report  titled “Crypto Threats 2023” focused on the United States and uncovered some surprisingly poor user security habits.  Kaspersky surveyed 2,000 American adults in October 2022 and found that 24% of respondents overall owned cryptocurrency or digital assets. Ownership ranged from 36% in the 25-44 age category to 10% among those aged 55 or older. A third of the crypto owners surveyed reported having crypto stolen and an equal portion reported being victims of scams.…

Terran Orbital Experiences $100 Million Annual Increase as Reflected in Q4 2022 Report

The Terran Orbital Q4 2022 release revealed revenue increases on a quarter-on-quarter and year-on-year basis. Satellite maker Terran Orbital (NYSE: LLAP) recently posted its Q4 2022 earnings report, revealing an annual revenue increase of $94.2 million. This figure is more than double what Terran Orbital made in 2021. Terran Orbital’s revenue haul for Q4 2022 represented an increase of 130% year-over-year. The company reported that revenue grew from $27.8 million in the third quarter to $31.9 million in the fourth quarter. Furthermore, the Irvine, California-based satellite manufacturer also delivered 19 satellites during…

Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report – Exchanges Bitcoin News

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Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s web portal and app can now withdraw a portion of the funds they had with the crypto exchange when it was busted by French and U.S. authorities in mid-January. Since Monday, its clients have access…

Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report

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‘Crypto FUD’ — Industry outraged as White House report slams crypto

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Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets. The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital assets since it first began issuing the annual economic policy report in 1950. Co-founder of digital asset investment firm Paradigm, Fred Ehrsam, remarked that 15% of the Economic Report was dedicated to “crypto FUD.” 15% of the annual White…

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ – Bitcoin News

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On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises and do not “perform all the functions of money as effectively as sovereign money, such as the U.S. dollar.” Crypto Assets and Defi Highlighted in Biden Administration’s Economic Report The recently published “Economic Report of…

Why is Bitcoin rising amid collapsing banks? Watch The Market Report

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This week on The Market Report, our beloved host, Joe Hall, and insightful expert, Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to discuss why he thinks Bitcoin’s (BTC) price is rising amid collapsing banks. We kick things off with this week’s first article: UBS Group agrees to $3.25B “emergency rescue” of Credit Suisse UBS Group agreed to buy its ailing competitor Credit Suisse for $3.25 billion on March 19 as part of an “emergency ordinance” to prevent financial market instability. To close the deal, Swiss…

DeFi insurance payouts amounted to $34.4M in 2022: Report

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According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims in 2022. In context, only $36.9 million of such claims have been paid out since OpenCover began tracking the data. Notable payouts include $22.5 million during the collapse of the Terra Luna ecosystem in May 2022 and $4.7 million from the collapse of crypto exchange FTX in November 2022.  Despite the surge in payouts, OpenCover said only $231 million worth of funds in DeFi protocols had been insured…