Jack Dorsey loses $500M in a day as Block’s shares plunge
Jack Dorsey has lost over $500M as his company, Block, was preyed on by short sellers resulting in the collapse of its stock shares. The short seller, Hindenburg Research, accused his platform of being involved in money laundering and skirting banking laws.
BoE Governor asks firms to stop price rises or risk higher inflation
Bank of England Governor Andrew Bailey has asked businesses to stop hiking commodity prices to calm the country’s economic crisis. He said that further price hikes would risk higher bank rates.
Deutsche Bank latest in banking crisis contagion?
Deutsche Bank shares have retreated for a third day, losing over a fifth of their value in a month. The share prices fell by over 9% in early trade markets on March 24, 2023.
Inflation is spiking globally – 5 top survival tips
All economies worldwide, including the wealthiest ones like the U.K., US, Germany, Australia, and Spain, are being afflicted by a spiking level of inflation.
10 ways how blockchain technology can improve the finance sector
Blockchain technology has been a phenomenal sensation in the fintech industry over the past decade following the launch of bitcoin. Bitcoin ushered in an era of digital money and changed how money functions for good. Here is how blockchain technology can be used to improve the finance sector.