NymVPN has launched a perpetual token buyback mechanism as it prepares for public testing on February 26, ahead of its commercial launch on March 13. This innovative model allows users to pay for services in fiat or Bitcoin, converting payments into NYM tokens to sustain the network, while enhancing user anonymity through its decentralized infrastructure. The initiative aims to meet the growing demand for secure communication in the evolving Web3 landscape.
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Stock Market Update Nvidia and Super Micro Surge Lowe’s Gains Stellantis Declines
U.S. stock futures are up slightly after a decline in major indexes, with Nvidia’s shares rising ahead of its quarterly report expected to show significant revenue growth. Super Micro Computer’s stock surged nearly 25% after meeting Nasdaq filing requirements, while Lowe’s shares gained 3.6% following better-than-expected quarterly results. Conversely, Stellantis saw a 3.5% drop in shares after reporting a 70% decline in yearly profit.
read moreCrypto Broker Jumps from Balcony to Escape Kidnappers in Spain
A UK crypto broker escaped kidnappers in Spain by jumping 30 feet from a balcony, breaking his ankles. The kidnappers had demanded €30,000 from his customers’ accounts, threatening torture. Police arrested three men after the broker called for help, leading to the discovery of firearms and drugs in the apartment.
read moreGuide to Buying Avalanche AVAX on Kriptomat and Anycoin Exchanges
To buy Avalanche (AVAX), navigate to the Spot trading section on Bybit, select your trading pair, enter the desired amount, and confirm the purchase. For security, transfer your AVAX to a private wallet after buying. The Avalanche Electrum Wallet is recommended for storage, offering features like two-factor authentication for enhanced security.
read moreBB Biotech Reports Profit After Four Years of Losses
BB Biotech has reported a profit of CHF 76 million for 2024, marking its first profit in four years after consecutive losses totaling CHF 207 million in the previous year. Despite this turnaround, the share price fell by 13.5% to CHF 35.40, and the dividend will decrease to CHF 1.80 per share from CHF 2.00. The Annual General Meeting is set for March 19, 2025, with the full annual report to be published on February 21.
read moreIntesa Sanpaolo Becomes First Italian Bank to Invest in Bitcoin
Intesa Sanpaolo, Italy’s largest banking group, has made headlines by purchasing 11 Bitcoins for approximately $1 million, marking it as the first Italian bank to invest directly in cryptocurrency. This move follows a leaked internal email and comes amid a significant increase in Italy’s capital gains tax on Bitcoin, rising from 26% to 42%. The bank’s motivations remain unclear, but it signals a growing interest in digital assets within Italy’s traditional financial landscape.
read moreFactors Behind Today’s Cryptocurrency Market Decline
The cryptocurrency market is experiencing a decline due to the SEC delaying its decision on Bitcoin ETFs and the upcoming MiCA regulation in the EU, which will impose new rules on crypto companies. Additionally, whale activity and over $590 million in liquidations have intensified downward pressure on prices. Investors may face sideways movement in the coming weeks, but patience and strategic buying during dips are advised.
read morePension Fund Sells Tesla Shares Over Musk’s Controversial Salary Package
Europe’s largest pension fund, Stichting Pensioenfonds ABP, divested its entire $585 million stake in Tesla due to concerns over Elon Musk’s controversial remuneration package and poor working conditions at the company. The fund had previously voted against Musk’s record-breaking pay, which ballooned from $2.6 billion to $56 billion, citing it as “extraordinarily high.”
read moreLLB Completes Acquisition of Zürcher Kantonalbank Austria in Billion Euro Deal
Liechtensteinische Landesbank (LLB) has successfully completed its acquisition of Zürcher Kantonalbank Austria, acquiring client assets worth approximately 3.4 billion euros. The takeover, finalized on January 9, 2025, will see the new entity merge with LLB (Austria) mid-year, pending regulatory approval. This move strengthens LLB’s position in Austria and supports its growth strategy.
read moreBIT Capital Expands into Switzerland with Focus on Technology Investments
BIT Capital, a German asset and wealth manager, is expanding into Switzerland after meeting regulatory requirements. The firm, which focuses on technology investments and has learned from past losses, aims to establish a presence in Zurich, recognizing its international clientele while initially operating without a local office. The company plans to proceed cautiously, prioritizing a strong start before seeking office space.
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