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Crypto-friendly govt incurs first crypto losses

The recent slide of the largest crypto, Bitcoin, has not only affected retail and institutional investors but one tiny nation as well – El Salvador – which had embraced the digital asset as a way to boost its impoverished economy. The country has bought at least 1,391 bitcoins using public …

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Russia gives gloomy estimates for global pandemic losses

“According to various estimates, the losses of the world economy from the pandemic total from $4 trillion to $10 trillion, with the bulk of those losses accounting particularly for budgets of regions and municipalities,” Kudrin stated, adding that the healthcare systems of countries were unprepared for the outbreak. “Health, social …

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Global banks bracing for losses amid US hedge fund collapse

The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital Management ignited a fire sale of more than $20 billion in assets that has left some of the world’s biggest investment banks bearing billions of dollars of losses. According to billionaire investor Mike Novogratz, the collapse of Hwang’s …

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Criminals suffering losses due to the coronavirus.

“Thieves in law are elderly, at risk. Many have isolated themselves” Criminals suffering losses due to the coronavirus. Drug dealers and prostitutes come in a simple Pandemic coronavirus COVID-19 and the quarantine restrictions imposed by the authorities, given the non-obvious effect: in jeopardy a wide range of criminal businesses. Drug …

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