Binance CEO among top wealthiest billionaires
Binance CEO Changpeng Zhao became the richest person in the world of cryptocurrencies last year. His fortune is estimated at $96 billion. According to Bloomberg’s rating of the world’s top cryptocurrency billionaires, Zhao is ranked first with an estimated net worth of $96 billion. He surpassed Mukesh Ambani, the Indian tycoon whose fortune also soared to $92.9 billion. Notably, analysts assume that Zhao’s fortune may be more extensive as the official data does not take account of his personal holdings in cryptocurrency. Since 2014, Binance's CEO has been holding bitcoins. He also owns Binance coins that have surged by 1300% over the previous year. Bloomberg reported that the Binance crypto exchange generated at least $20 billion of revenue in 2021. At the same time, bitcoin plunged by 8% to $42,400. In September, the People’s Bank of China banned any activity related to cryptocurrencies. Binance as well as other crypto exchanges had to forbid registration for users from China. Crypto exchanges are globally facing such restrictions due to regulator’s concerns about weak user protection and the use of cryptocurrency for money laundering.
Visa posts strong earnings despite pulling out of Russia
In its recent quarterly report, Visa confirmed a loss of $35 million after suspending its operations in Russia. Apart from that, the payment processing giant is doing really well. Thus, Visa’s net income for the second fiscal quarter of this year amounted to $3.65 billion or $1.70 per class A share compared to $3.03 billion or $1.38 per share in the same period of 2021.
15:03 2022-05-16 UTC+00
Poland stops using Russian gas earlier than expected
Poland is another country that stopped buying Russian gas. The country managed to find a new supplier of energy resources earlier than planned. The news was announced by Piotr Naimski, Government Plenipotentiary for Strategic Energy Infrastructure. He said that Poland rebuilt the earlier existing supply chains and began receiving energy from other producers.
14:05 2022-05-16 UTC+00
EU to end reliance on Russian energy by 2027
With each passing day, buyers are refusing to cooperate with Russian energy suppliers. Moreover, many are planning to completely abandon oil and gas imports from Russia. For instance, the EU intends to reduce its dependence on Russian energy supplies to zero by 2027.
14:04 2022-05-16 UTC+00
US becomes top importer of Russian ice cream in 2021
Not everybody knows that Russia exports not just natural resources and minerals. Russian ice cream has long been in demand abroad. The delicacy made in Russia enjoys worldwide popularity from China to the US.Last year, the US became the number one importer of Russian ice cream. The country purchased 10.6 thousand tons of ice cream worth $29 million.
13:27 2022-05-16 UTC+00
Elon Musk’s favorite DOGE rallies on news on his Twitter takeover
The meme crypto Dogecoin owes its popularity and a stunning dynamic to high-tech mogul and influencer Elon Musk. Created for fun, the token has attracted a lot of fans who consider it a full-fledged investment project. The other day, Elon Musk made a deal to take over Twitter. Dogecoin made an explosive jump in response to the news. The meme token zoomed up more than 30% to top out at $0.17.
10:14 2022-05-16 UTC+00
Coca-Cola presents Q1 2022 earnings
Coca-Cola has recently reported its earnings for the first quarter of 2022 that soared by 24%. Despite the suspensions of its Russian business, the company’s first-quarter net income totaled $2.781 billion. On a yearly basis, the carbonated soft drink manufacturer saw growth of 24%. Earnings per share in the first quarter came in at $0.64 compared to $0.
09:54 2022-05-16 UTC+00