Assets

Credit: CC0 Public Domain A new paper links portfolio diversification and information production, explaining why banks concentrate their holdings of foreign assets. In order to reduce…

Morsa Images | E+ | Getty ImagesMany investors worry a recession is coming amid rising interest rates, high inflation and stock market volatility. But the majority haven't changed their portfolios, according to research from Fidelity Investments.Only 5% of 401(k) and 403(b) investors shifted asset allocations during the second quarter of 2022, the report found, slightly lower than the 5.3% who made changes the quarter prior. Among the savers who made adjustments, the majority of investors only made one, with the top…

Have you invested in cryptocurrencies such as Bitcoin and Ethereum? While the market has been volatile lately, it shouldn’t keep you from enjoying the advantages of holding a cryptocurrency portfolio.  Much has been said about the unpredictable and unregulated nature of decentralized money, but it’s still gaining popularity among consumers and business owners. In recent years, cryptocurrency transactions have been increasing significantly, with Stellar generating 83.26 transactions per second.  Despite the…

Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors' crypto when a platform fails.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesBitcoin briefly dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.The world's largest digital currency tumbled 5% from Friday's close to hit an intraday low of $19,526 overnight, a level unseen since July 13, according to Coin Metrics data.…

The Russian government tightened its grip on the internet as a state-controlled company with close links to president Vladimir Putin agreed to buy the news feed and homepage of the country's most popular website. Yandex, often referred to as Russia's Google, said it was selling its news aggregator, content platform Zen and yandex.ru homepage to VK to focus on other business areas, such as food delivery and ride-hailing. In exchange, Yandex will acquire food delivery company Delivery Club from VK. Values for the assets…

Yandex NV, which runs Russia’s largest search engine and ride-hailing service, sold its media interests to a state-backed company, deepening the Kremlin’s control over the Russian internet. Often referred to as “Russia’s Google,” Yandex said it was selling its news aggregator, its Zen social-media platform and its homepage to VK, Russia’s largest social-media company, in exchange for VK’s food delivery app Delivery Club. The move rids Yandex of assets that had drawn…

Russian search giant Yandex has finalized the sale of its two flagship media properties to local rival VK, owner of the eponymous social network. The deal to sell the products, Yandex’s algorithmically sorted news aggregator (News) and blogging recommender platform (Zen), was inked back in April. But today’s binding agreement goes further than that — also including the sale of the main page, Yandex.ru, which integrates content from News and Zen into the search page, turning it into a information-rich (critics say…

Financial Times: Big investment firms, including Abrdn, BlackRock, and Charles Schwab, are embracing digital assets despite the crypto crash, as consumer groups raise concerns — Abrdn, BlackRock and Charles Schwab have done deals or launched products tied to digital assets this month Financial Times: Big investment firms, including Abrdn, BlackRock, and Charles Schwab, are embracing digital assets despite the crypto crash, as consumer groups raise concerns — Abrdn, BlackRock and…

Manish Singh / TechCrunch: India freezes assets worth $46.4M owned by crypto exchange Vauld's local entity for allegedly facilitating “crime-derived” proceeds from predatory lending firms — India's anti-money laundering agency has frozen assets worth $46.4 million from the local entity of Vauld for facilitating … Manish Singh / TechCrunch: India freezes assets worth $46.4M owned by crypto exchange Vauld's local entity for allegedly facilitating “crime-derived”…

British asset manager Abrdn has bought a stake in digital asset exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acquired for an undisclosed sum, gives Abrdn a seat on the board at Archax and makes the asset manager its largest external shareholder, an Abrdn spokesperson said. Founded in 2018, Archax provides access to blockchain-based digital assets and became the first digital securities exchange to win regulatory approval from the Financial Conduct…