Virgin Orbit Mission Fails, Stock Plunges 27% Pre-Market

• Virgin Orbit Holdings Inc (NASDAQ: VORB) shares have dropped 27% in pre-market following its failed space mission from the United Kingdom.
• The mission was meant to launch from Newquay, England to deliver nine satellites to earth’s orbit.
• The rocket was released and fired its engine but an anomaly was detected and the mission failed.

Virgin Orbit Holdings Inc (NASDAQ: VORB) has experienced a sharp decline in its share price following its failed space mission from the United Kingdom. The mission was meant to launch from Newquay, England and deliver nine satellites to earth’s orbit. However, the spacecraft experienced an anomaly which caused it to abort the mission.

Virgin Orbit makes use of modified 747 jets to deliver its satellites to space. The company releases its attached rockets mid-air, a unique way of launching these space crafts into space. The rocket released had been fitted with the necessary components and was successfully fired. Virgin Orbit tweeted after the launch saying the rocket „successfully reached Earth orbit.“

Unfortunately, the mission failed and the company had to delete the tweet and make a statement that an anomaly had been detected and the mission had failed. The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.

The mission failure is a major setback for the company and its shareholders. Virgin Orbit is now working to investigate the cause of the anomaly and plans to relaunch the mission soon. The company is confident that with the necessary modifications, the mission can be successful. Investors are yet to see how the company will respond to the mission failure and what steps it will take to ensure the mission is successful in the future.

US DOJ Seizes $465M Robinhood Shares, $20M in Fiat Currency in Bankman-Fried Case

• The US Department of Justice (DOJ) recently revealed that it seized $465 million in Robinhood shares and $20 million in fiat currency.
• The DOJ claims the assets are linked to the ongoing criminal case against Sam Bankman-Fried, former FTX CEO.
• The court filing also states that the Robinhood shares have drawn ownership claims from several parties, including SBF and FTX creditors.

The US Department of Justice (DOJ) recently made a startling announcement: it has seized a little over 55 million Robinhood shares valued at more than $450 million and more than $20 million in fiat currency. This seizure was made in connection with an ongoing criminal case against Sam Bankman-Fried, former CEO of FTX, who was extradited from the Bahamas in late December.

The DOJ stated in a January 6th court filing that the Robinhood shares were linked to BlockFi, SBF, and FTX creditor Yonathan Ben Shimon. Both parties had previously made competing claims to the trading app’s stock. On the other hand, the federal law enforcer also said it confiscated more than $20 million in US currency.

The DOJ argued that the assets had been illegally obtained and that the proceeds should be used to compensate the victims of Bankman-Fried’s alleged crimes. The federal executive department also said that it had taken steps to prevent the assets from being used to further criminal activity.

The court filing also states that the Robinhood shares have drawn ownership claims from several parties, including SBF and FTX creditors. The DOJ has requested the court to determine which party has a legitimate claim to the shares and currency.

The Robinhood shares seizure is just one of many actions taken by the US Department of Justice in its ongoing investigation of Sam Bankman-Fried. The former FTX CEO is facing criminal charges in New York, including money laundering and wire fraud.

It remains to be seen how the US DOJ will use the seized Robinhood shares and US currency. However, one thing is certain: the DOJ is committed to bringing justice to victims of Bankman-Fried’s alleged crimes.

Power Up Your Digital Economy: 16th IDC Middle East CIO Summit

• The 16th annual installment of the IDC Middle East CIO Summit is taking place on February 22-23, 2023 in Dubai’s Atlantis, The Palm.
• The summit will focus on the concept of the ‚Digital Economy‘ and the rapid rate of digital adoption in the Middle East region.
• Discussions will focus on leveraging infrastructure, data, and skills alongside critical technology enablers such as 5G, the cloud, and AI to successfully re-invent business models, create new customer experiences, and drive innovation.

The rise of the digital economy has become increasingly evident in the Middle East region over the past few years. To further explore this concept and the resulting implications for businesses, the 16th edition of the IDC Middle East CIO Summit is taking place on February 22-23, 2023 at Dubai’s iconic Atlantis, The Palm.

Hosted by IDC, this summit will bring together senior business and IT leaders from across the region to discuss the changing characteristics and demands of customers, and the strategies and tools needed to enable the digital transformation of organizations.

Jyoti Lalchandani, IDC’s group vice president and regional managing director for the Middle East, Türkiye, and Africa, commented: „Today, almost every country in the region has a cohesive national vision for a digital economy that focuses on driving local economic value, employment creation, and social development by reaching the underserved. Whether it is accessing essential government services, purchasing products on digital platforms, or the shift to online learning and working, the impact of this mass transition to digital is evident everywhere.“

IDC’s research has found that mobile broadband penetration in GCC countries has reached 100%, more than 50% of consumers in the region shop online, and in the UAE, 80% of digital payments are now contactless. To maintain success in the increasingly competitive market, organizations need to leverage infrastructure, data, and skills alongside critical technology enablers such as 5G, the cloud, and AI.

The IDC Middle East CIO Summit will provide attendees with the opportunity to learn from industry experts and gain valuable insights into how to best utilize these technology enablers to re-invent their business models, create new customer experiences, and drive innovation with their partners. Attendees will also be able to network with like-minded peers and build meaningful relationships with potential partners and clients.

The two-day event will feature a number of keynote sessions, panel discussions, and workshops, all of which will focus on the key topics of the digital economy. With the aim of creating a platform to exchange ideas and learn from each other, the IDC Middle East CIO Summit will be an invaluable opportunity for attendees to gain insights into the latest trends and developments in the digital economy.

ANC Pharmacy Partners with Binance Ukraine to Enable Crypto Payments

• ANC Pharmacy, one of Ukraine’s largest pharmacy chains, has partnered with Binance Ukraine to enable crypto payments for its services.
• Binance’s contactless payment service, Binance Pay, will be used to provide customers with the option of making payments with digital currencies.
• This move is a first-of-its-kind for Ukraine’s pharmaceutical industry, and will allow customers to pay for their medical needs and supplies in cryptocurrencies such as Bitcoin (BTC).

ANC Pharmacy, one of Ukraine’s leading pharmacy chains, has recently partnered with Binance Ukraine to enable cryptocurrency payments for its services. This move is a first-of-its-kind for Ukraine’s pharmaceutical industry, and will allow customers to pay for their medical needs and supplies using digital currencies such as Bitcoin (BTC). The partnership will utilize Binance’s contactless payment service known as „Binance Pay“, which will enable customers to place orders via the pharmacy’s website and make instant payments with their digital currencies. Thereafter, they may then proceed to any ANC Pharmacy location to pick up their order.

The ongoing war in Ukraine has had a direct impact on the country’s financial system, making it difficult for citizens to access basic services. This has led to a demand for digital currencies, and ANC Pharmacy’s partnership with Binance Ukraine is a major step towards providing people with access to these services. The crypto payments will be rolled out starting from the country’s capital – Kyiv, and will hopefully expand to other regions in the near future.

The payment service is also expected to provide customers with a more secure and convenient way of paying for their medical needs. This is because cryptocurrencies are decentralized, meaning that there is no single point of failure. Additionally, crypto payments are much faster than traditional payment methods, and the fees associated with them are significantly lower. This makes it an ideal option for customers who need to make urgent payments or who are looking for a more cost-efficient option.

ANC Pharmacy’s partnership with Binance Ukraine is a major step towards the adoption of cryptocurrencies in Ukraine. This move is expected to have a positive impact on the country’s financial system, as it will provide people with an alternative payment option that is secure, convenient, and cost-effective. It is also hoped that this partnership will encourage other businesses in the country to start accepting crypto payments, which will further increase the adoption of digital currencies in Ukraine.

Treasury Yields Drop Amid Uncertainty Ahead of Key Data Releases

• Treasury yields fell due to uncertainty about the 2023 economic outlook.
• Investors are looking forward to key economic data releases this week to gauge the state of the US economy and Federal Reserve’s policy plans.
• Preliminary data of December’s S&P Global Manufacturing Purchasing Managers‘ Index suggests a shrinking in factory activity through December.

The start of the year marks an uncertain period for the US economy as investors wait with bated breath for the key economic data releases due this week. At 4:19 a.m. ET on the 3rd of January, treasury yields declined as a result of this uncertainty. The 10-year Treasury note dropped more than seven basis points to 3.7577% while the 2-year Treasury fell almost four basis points and traded at about 4.3637%.

The upcoming economic data will give investors an indication of the US economy, as well as the Federal Reserve’s policy plans. Last month, a preliminary reading of December’s S&P Global Manufacturing Purchasing Managers‘ Index was released, and the final reading is due today. This data suggests a shrinking in factory activity through December, which has caused investors to become increasingly concerned about the 2023 outlook.

As the week progresses, investors will be keeping a close eye on the economic data releases. This will determine the direction of treasury yields and the state of the US economy for the foreseeable future. Although there is a great deal of uncertainty at the moment, the data releases this week should provide some much needed clarity.

2022: Crypto, Fintech, and Tech Ups and Downs

• The euro sunk to a 20-year low against the US dollar as a result of economic issues in Europe.
• Bitcoin (BTC) crashed 66% year-to-date, with its all-time high in November of 2021 being approximately $70K.
• Tesla’s (NASDAQ: TSLA) stock fell behind Bitcoin’s performance in 2022 due to a massive price correction.

As the year 2022 draws to a close, the crypto, fintech, and technology space have seen a myriad of ups and downs, breakthroughs and setbacks. In a year that has been so eventful, Coinspeaker has put together a recap of some of the most newsworthy events that have taken place.

The Euro against the US Dollar has been a major source of news throughout the year. In the midst of economic issues such as inflation, the Euro plummeted to a 20-year low against the US Dollar. By September, the energy crisis in Europe, caused by the fallout of Russia’s war in Ukraine, had no signs of abating, with the Euro changing hands at 0.9780 against the Greenback. This was due to the bullish nature of the US Currency following the Fed’s third 75 basis point rate hike.

In the crypto space, Bitcoin (BTC) outperformed Tesla’s (NASDAQ: TSLA) stock in 2022, despite a massive price correction. The leading digital currency saw a 66% decline year-to-date, with its all-time high in November 2021 being approximately $70K. Tesla’s stock, on the other hand, was unable to keep up with Bitcoin’s performance throughout the year, due to its own issues with a massive price correction.

In addition to the major news stories mentioned above, there were several other significant events that took place in the crypto and tech space. For instance, the US Congress passed a bill that would make Bitcoin a legal tender in the US, while Ethereum (ETH) was added to the S&P 500 index. Meanwhile, the Chinese government announced plans to launch its own digital currency, the Digital Renminbi.

Overall, the year 2022 has been a rollercoaster ride in the crypto, fintech, and tech space. From the Euro sinking to a 20-year low against the US Dollar, to Bitcoin’s crash and Tesla’s stock falling behind, the year was full of ups and downs. However, despite the setbacks, there were also several breakthroughs, such as the US Congress passing a bill to make Bitcoin a legal tender, Ethereum being added to the S&P 500 index, and the Chinese government launching its own digital currency. As we look forward to 2023, we can only hope that the year will be filled with more positive news stories.

2023 Economy: Predictions for Deflation, Interest Rates and More

• Following periods of badly managed economic policies, investors and analysts are looking to 2023 to forecast economic changes.
• Deflation is an economic mechanism that may be seen in Western economies, leading to rising unemployment and less demand.
• It is difficult to calculate economic predictions over 12 months, but based on what has been seen in the past 12-18 months, five economic predictions for 2023 have been made.

The year 2023 looms large on the horizon, and with it, the potential for economic changes. The past few years have been turbulent to say the least, with badly managed economic policies and the Russian invasion of Ukraine causing prices of important commodities to skyrocket in Europe. With this in mind, investors and analysts are looking to the coming year with trepidation.

Making economic predictions for a period of 12 months can be difficult, as a lot can happen in the interim. However, based on the patterns and trends that have been seen over the last 12 to 18 months, some educated guesses can be made. One of the possible economic mechanisms that could be seen in Western economies is deflation. Deflation occurs when the cost of services and everyday products decrease. If deflation is experienced in the long-term, it could lead to rising unemployment, less demand, and economic activity stagnating or reducing.

Other economic predictions for 2023 include the continuation of negative interest rates in many countries, the rise of alternative currencies and blockchain technology, the impact of large-scale digital transformation, and the possibility of more trade wars.

Negative interest rates are when a central bank sets a negative interest rate, meaning that banks have to pay to store their money. This has the potential to encourage banks to lend money and stimulate the economy. Alternative currencies, such as Bitcoin, and blockchain technology are becoming more and more popular, and are likely to have an impact on the economy in the coming years. Digital transformation, or the adoption of digital tools and processes, is becoming more common in businesses, and the impact of this on the economy is yet to be seen. Lastly, the potential for more trade wars is a real possibility, with countries like the US, China, and Europe all looking to increase their influence in global markets.

In conclusion, the economic predictions for 2023 are difficult to make and a lot can change between now and then. However, based on the trends seen in the last 12 to 18 months, it is likely that deflation, negative interest rates, alternative currencies, digital transformation, and more trade wars will all have an impact on the economy. It is impossible to predict the exact outcome of these changes, but it is safe to say that the economic landscape in 2023 will look significantly different than it does today.

Treasury Yields Rise as Investors Bet on Stronger 2023 Market

– Treasury yields rose on December 30th as investors anticipate better market in 2023
– The benchmark 10-year Treasury yield was up nearly 2 basis points, while the 2-year Treasury yield climbed more than 3 basis points
– Analysts and observers are paying attention to the Federal Reserve’s moves regarding inflation policies

Treasury yields in the United States rose on Friday, December 30th, as investors looked ahead to the potential developments and headwinds of 2023. The benchmark 10-year Treasury yield was up nearly 2 basis points to 3.8520%, while the 2-year Treasury yield climbed more than 3 basis points to 4.4009% as of 5:00 am Eastern Time.

The rise in yields comes as investors and analysts keep a close eye on the Federal Reserve’s policies, which have been adjusted multiple times this year in order to combat the effects of the coronavirus pandemic. The Fed increased interest rates by 75 basis points four consecutive times this year, but recent reports suggest that the Fed will keep these rates steady at least through the first half of 2021.

In addition to the Federal Reserve’s moves, investors are also keeping tabs on the potential headwinds of 2023. With 2020 winding down, talks of a looming recession continue to weigh heavy on investor sentiment. Analysts are predicting that if the government continues to provide fiscal stimulus and economic activity remains steady, the US economy could potentially rebound in 2023.

The rise in Treasury yields is also a reflection of a strengthening bond market. As yields rise, the demand for bonds decreases, as investors prefer to invest their money in higher-yielding assets. This has resulted in a decrease in the US dollar, as investors have been selling the currency in order to purchase higher-yielding assets.

Overall, the rise in Treasury yields is a sign that investors are feeling more optimistic about the potential for 2023. However, the overall economic outlook will largely depend on the government’s fiscal policies, as well as the Federal Reserve’s plans for inflation. In the meantime, investors will continue to monitor the situation in order to make informed decisions about their investments.

MicroStrategy Drops to Lowest Level Since 2020 Following Bitcoin Sale

• MicroStrategy’s stock recently dropped to its lowest level since August 2020 following its first-ever Bitcoin sale.
• The cloud-based business intelligence company disclosed that it sold 704 BTC on December 22nd for $11.8 million.
• Miller Tabak + Co chief market strategist Matt Maley weighed in on the MicroStrategy BTC development, noting that its reputation as a devoted token buyer amid crypto winter is worrisome to investors.

The stock of MicroStrategy Inc (NASDAQ: MSTR) recently hit its lowest level since August 2020 following its first-ever Bitcoin sale. The cloud-based business intelligence company disclosed that it sold 704 BTC on December 22nd for $11.8 million. Altogether, the cloud computing company said it bought roughly 2,395 Bitcoin between November and December 21st. This acquisition took place through MicroStrategy’s subsidiary MacroStrategy, costing approximately $42.8 million in cash.

The sale of Bitcoin sent the company’s shares tumbling to $136.63 on Thursday, a 1.1% drop and bringing the year-to-date (YTD) drawdown to 75%. Miller Tabak + Co chief market strategist Matt Maley weighed in on the MicroStrategy BTC development, noting that its reputation as a devoted token buyer amid crypto winter is worrisome to investors.

Maley said the company’s BTC sale was likely done for tax purposes and that the subsequent repurchase of 810 tokens two days later was likely a way to cover any potential losses. He added that the move may have been seen as “a hedge against a further decline in the cryptocurrency market.”

In response to the sale, MicroStrategy’s CEO Michael Saylor said that the company was “building a long-term position in bitcoin.” He added that the sale was done for “tax optimization purposes” and that the company is “not selling any of its bitcoin to fund operations or other purposes.”

The company’s shares have been on a downward spiral since the sale, with the stock price dropping to its lowest point since 2020. Investors are concerned about the company’s commitment to Bitcoin during a period of market volatility, and analysts have speculated that the sale could have been done to hedge against any potential losses.

Despite the drop in share prices, MicroStrategy remains committed to its long-term position in Bitcoin. The company has actively been investing in Bitcoin since August and has continued to add to its holdings despite the market volatility. With the company’s focus on building a long-term position in Bitcoin, investors can expect to see more volatility in the near future.

Kann ich Ethereum mit einer Kreditkarte kaufen?

Der Kauf von Bitcoin oder anderen Ethereum mit einer Kreditkarte ist möglich, kann aber schwierig sein und ist nicht ratsam.

Wenn Sie daran gewöhnt sind, für alle Ihre Einkäufe eine Kreditkarte zu verwenden, werden Sie vielleicht überrascht sein zu erfahren, dass der Kauf von Ethereum ein No-Go sein kann. Wenn Sie es versuchen, können Sie auf zwei Arten eingeschränkt werden: durch die Börse, an der Sie versuchen, die Kryptowährung zu kaufen, oder durch Ihren eigenen Kreditkartenaussteller.

Einige große Kryptowährungsbörsen, wie Coinbase, akzeptieren keine Kreditkarten. Coinmama und CEX.io sagen, dass sie Kreditkarten akzeptieren, aber nur Visa und Mastercard. Und selbst dann bedeutet das nicht, dass Ihr Kreditkartenunternehmen es erlaubt.

Die meisten großen US-Banken erlauben den Kauf von Ethereum mit Kreditkarte nicht, während andere die Karteninhaber mit Gebühren bestrafen.

Selbst wenn Sie Ihre Kreditkarte, z. B. von einer kleineren Bank, für den Umtausch von Dollar in Bitcoins verwenden können, sollten Sie das nicht tun. Und Wir rät sogar davon ab.

Gebühren der Börse

Zusätzlich zu einer Gebühr, die die Börse für ihren Service erhebt, kann sie eine zusätzliche Gebühr für die Verwendung einer Kreditkarte verlangen. Zum Beispiel kann die Börse einen Prozentsatz des Transaktionsbetrags für den Umtausch von Dollar in Bitcoin oder eine andere Kryptowährung verlangen.

Coinmama zum Beispiel handelt mit acht Ethereum, einschließlich Bitcoin. Coinmama verlangt einen Mindesteinkauf von 60 $ und erhebt eine Transaktionsgebühr von 5,9 % sowie eine zusätzliche Gebühr von 5 % für Käufe per Kreditkarte. Wenn Sie also Ethereum im Wert von 100 $ kaufen, zahlen Sie 10,90 $, wenn Sie mit einer Kreditkarte kaufen, so dass Ihnen nur 89,10 $ bleiben. Wenn Sie den Kauf als Investition betrachten, müssten Sie eine Rendite von 12 % erwirtschaften, um wieder ein ausgeglichenes Ergebnis zu erzielen.

Strafen für Bargeldvorschüsse durch den Kartenaussteller

Ihr Kreditkartenaussteller wird den Kauf von Ethereum wahrscheinlich als Bargeldvorschuss betrachten, so als hätten Sie Ihre Kreditkarte benutzt, um Geld an einem Geldautomaten abzuheben.

Das ist schlecht für Sie, weil es wahrscheinlich mit diesen Nachteilen verbunden ist:

Bargeldvorschussgebühr. Dabei handelt es sich um eine einmalige Gebühr, die beim Abheben des Vorschusses erhoben wird und in der Regel 3 % bis 5 % des Betrags beträgt. Wenn Sie z. B. einen Bargeldvorschuss in Höhe von 200 $ in Anspruch nehmen, wird Ihrem Kontostand eine Gebühr von 6 bis 10 $ aufgeschlagen.

Höherer Zinssatz. Viele Karten berechnen für Barvorschüsse einen höheren effektiven Jahreszins als für normale Einkäufe.

Keine tilgungsfreie Zeit. Wenn Sie Ihren Saldo monatlich in voller Höhe begleichen, haben Sie mit Ihrer Kreditkarte in der Regel eine tilgungsfreie Zeit von mindestens 20 Tagen, um Ihren Einkauf zu begleichen, bevor Ihnen Zinsen berechnet werden. Bei Bargeldvorschüssen hingegen fallen vom ersten Tag an Zinsen an.

Niedrigerer Kreditrahmen. Einige Kreditkarten haben einen separaten Kreditrahmen für Bargeldvorschüsse, der niedriger ist als der Gesamtkreditrahmen.

Keine Kreditkartenprämien. Wenn Ihr Kreditkartenaussteller den Kauf von Ethereum als Bargeldäquivalent betrachtet, qualifizieren sich Ihre Ausgaben wahrscheinlich nicht für Prämien wie Cashback, Reisepunkte oder Meilen. Ebenso werden sie nicht auf die erforderlichen Ausgaben für einen Anmeldebonus angerechnet.

Auch hier hängt es vom Herausgeber der Karte ab, ob der Kauf von Ethereum als Bargeldvorschuss betrachtet wird. Bevor Sie einen Kauf tätigen, sollten Sie die Nummer auf der Rückseite Ihrer Karte anrufen und nachfragen.

Andere Überlegungen

Gebühren für Auslandswechsel. Wenn die Börse ihren Sitz außerhalb der USA hat, kann eine Umtauschgebühr anfallen, wenn Ihre Kreditkarte eine solche Gebühr erhebt. Eine typische Gebühr beträgt 3 %.

Betrug. Wenn Sie bei der Auswahl einer seriösen Wechselstube nicht vorsichtig sind, können Ihre persönlichen Daten, einschließlich Ihrer Kreditkartennummer, gestohlen werden.

Verschuldung. Wenn Sie eine Kreditkarte verwenden, um sich für den Kauf von Ethereum zu verschulden, gehen Sie ein hohes Risiko ein. Sie werden exorbitante Zinsen für eine unbeständige Investition zahlen.

Kreditauslastung. Große Krypto-Käufe verbrauchen Ihren verfügbaren Kredit, was sich negativ auf Ihre Kreditwürdigkeit auswirkt.

Ethereum als Belohnung auf der Kreditkarte

Einige Kreditkarten bieten Ethereum als Belohnung oder als Option für die Einlösung von Prämien an. Das Angebot wächst schnell, aber einige der ersten Anbieter auf diesem Markt sind:

  • Die SoFi-Kreditkarte.
  • Die Brex-Karte.
  • Die Venmo-Kreditkarte.
  • Die BlockFi Rewards Visa® Signature-Kreditkarte.
  • Die Gemini-Kreditkarte.
  • Die Upgrade Bitcoin Rewards Karte.

Auf Umwegen könnten diese Produkte eine Methode sein, um mit einer Kreditkarte Bitcoin zu verdienen.

Alternativ könnten Sie sich auch einfach eine Cashback-Kreditkarte besorgen und dieses Geld zum Kauf von Ethereum zu Ihren eigenen Bedingungen und nach Ihrem eigenen Zeitplan verwenden.