This US Lawmaker Says Signature Bank Collapse Was Due to Instability in Crypto

Senator Michael Bennet from Colorado said that Signature Bank didn’t make “prudentially sound” decisions while dealing with crypto. Other US lawmakers believe crypto is being made a scapegoat in the failed banking policies of the Fed. Michael Bennet, the United States Senator from Colorado, recently opened up about the shutting down of crypto-friendly Signature Bank, … Read more

ETP Provider 21Shares to Shut Down 6 Products Due to Low Demand

The six closures have combined assets under management (AUM) of less than $700,000. 21Shares has announced that it will immediately cease offering six of its crypto exchange-traded products.  According to a company spokesperson, the decision follows after the firm’s realization that these particular products are in low demand. Of the six products to be axed, … Read more

Aston Martin Shares Rise 14% due to Welcome 2023 Profitability Forecast

English luxury automaker Aston Martin recently saw its shares surge following its optimistic 2023 forecast.  The shares of English luxury automobile manufacturer Aston Martin (LON: AML) have surged 14% on the company’s 2023 profitability forecast. Aston Martin forecasts better profitability this year despite increased pretax losses in 2022 due to a weakened UK currency. The … Read more

Tencent Abandons VR Hardware Plans Due to Challenging Macroeconomic Parameters

Chinese tech giant Tencent is ‘shifting’ away from its VR hardware initiative to remain competitive on the metaverse front.  Tencent Holdings Ltd has scrapped plans to build virtual reality (VR) hardware amid a bleak economic outlook. According to reports, the Chinese multinational tech and entertainment conglomerate is looking to reduce costs and headcount at its metaverse unit. Tencent … Read more