May 3, 2022

BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit

BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit

KEY POINTS BP’s first-quarter underlying replacement cost profit, used as a proxy for net profit, came in at $6.2 billion. Analysts had expected BP to report first-quarter profit of $4.5 billion, according to Refinitiv. The oil and gas giant also announced a further $2.5 billion in share buybacks. However, BP reported a headline loss for …

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ARGENTINA’S LARGEST PRIVATE BANK NOW ALLOWS USERS TO BUY BITCOIN

ARGENTINA’S LARGEST PRIVATE BANK NOW ALLOWS USERS TO BUY BITCOIN

Banco Galicia, the largest private bank in Argentina, is allowing its users to buy, sell, send and receive bitcoin on its mobile application. Banco Galicia is the largest private bank in Argentina by market share and recently announced it will allow its customers to invest in bitcoin and other cryptocurrencies. Argentina is suffering from hyper-inflation …

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VanEck enters metaverse with launch of NFT collection

VanEck enters metaverse with launch of NFT collection

VanEck Community NFT co-founder Matt Bartlett said that the tokens could serve as a type of digital membership card. VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday. The VanEck Community NFT, which is based on the …

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Algorand Scores FIFA Partnership, ALGO Price Surges

Algorand Scores FIFA Partnership, ALGO Price Surges

The blockchain will be a “regional supporter” for North America and Europe at this year’s World Cup and an official sponsor of next year’s Women’s World Cup. FIFA, soccer’s global governing body, locked in Algorand as an official blockchain partner before the World Cup competition that starts in November in Qatar. According to the agreement, Algorand will …

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Finder’s Experts Predict Ethereum Price Reaching ,783 This Year and ,372 by 2030

Finder’s Experts Predict Ethereum Price Reaching $5,783 This Year and $23,372 by 2030

A panel of crypto industry experts has predicted that the price of ether will reach $5,783 this year, before rising to $11,764 by 2025 and $23,372 by 2030. Most of the experts on the panel are bullish on ether, with 61% saying now is the time to buy and a further 32% saying you should …

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Global Payments Partners with Bakkt, Offering Crypto and Loyalty Programmes

Global Payments Partners with Bakkt, Offering Crypto and Loyalty Programmes

Bakkt Holdings, Inc – a fintech firm that provides crypto solutions – announced on Monday a strategic alliance with Global Payments Inc – a US firm that offers payment technology and services to merchants, issuers and consumers – to expand use cases of cryptocurrencies. The strategic partnership will see Global Payments enable crypto redemption to …

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