Germany’s GDP grows 0.5% in 2022

Germany’s GDP shrank by 0.2% in Q4 2022 after an upwardly revised 0.5% growth in the previous quarter. The annual GDP in Germany ended with just a 0.5% uptick as a result.

More market movers from category

Nasdaq to offer crypto services in Q2

Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.

Firms invest $250m in eToro

Trading platform eToro raised $250 million in an advanced investment agreement, topping the company’s valuation at $3.5 billion. ION Group, Social Leverage, SoftBank, and other major industry players invested in eToro in the recent deal. 

Chainlink Labs x PwC Germany

Enterprise blockchain adoption will be sped up thanks to a new partnership between Chainlink Labs and PwC Germany. Chainlink Labs will offer services to traditional businesses who are already working with PwC but have not yet adopted blockchain technology.

Florida Governor wants to ban CBDCs

Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.

Microsoft launches AI tool Copilot

Microsoft has just launched a new AI tool called Copilot. It will be a similar tool to ChatGPT, which users can use for Word, Excel, PowerPoint, Outlook, etc.

FTX promoters get sued

Edwin Garrison has spearheaded a class action lawsuit against influencers promoting FTX on YouTube and other platforms. He seeks $1 billion in damages since they made money from promoting the FTX crypto scam without disclosure.

More market movers

Nasdaq to offer crypto services in Q2

Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.

The EU stock market in red due to banks

The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.

Bitcoin reportedly entered a supercycle

Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.

JPY is strong on Friday

The Japanese Yen has been strengthening against all other currencies on Friday. EUR/JPY fell the hardest, by 1.82%. Other currency pairs, like NZD/JPY and GBP/JPY, are also down 1.5% so far.

Hermes stock at new all-time high

Hermes International (RMS) jumped to a new all-time high of over 1,806 per stock. The company is up 24% so far in 2023 and up 49.5% in the last 12 months. Hermes is currently valued at 188 billion euros.

Do Kwon reportedly arrested

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.

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Bitcoin’s performance is better than almost all S&P 500 stocks in 2023
BTC
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Bitcoin’s performance is better than almost all S&P 500 stocks in 2023

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After Hindenburg caused Adani’s stock crash, Dorsey’s Block is next

Block stock dropped 20% after short seller Hindenburg Research accused Jack Dorsey's company of being a fraud.