Good morning
The Millenials and GenZs are manifesting investing….Or at least that’s what Bamboo says.
According to the investment company’s 2022 Investment report, young Nigerian retail investors are opening accounts and taking an increased interest in investing in US stocks in 2022.
The GenX and Boomers, however, have more money to trade—over 2.5x the average millennial—and invest a lot more frequently than Millenials.
These investors are not buying the crypto dip, though. They’re investing in stocks, and the most popular in 2022 are Apple, Tesla and Amazon.
In today’s edition
CRYPTO MARKET: BLOCKFI FILES FOR BANKRUPTCY
$16,229
– 2.06%
$1,172
– 3.54%
$293
– 6.63%
$1.29
– 3.19%
Binance Coin
$1.00
0%
* Data as of 22:30 PM WAT, November 28, 2022.
Weeks after, the fallout from crypto exchange FTX’s crash is still playing out, and more crypto exchanges are facing the heat.
Yesterday, BlockFi, another crypto exchange and lending platform, filed for bankruptcy along with eight affiliates.
ICYMI: In July, BlockFi borrowed $400 million from FTX after it suffered a $80 million loss and was forced to lay off one-fifth of its staff. Earlier this month, after the FTX debacle hit the news, it revealed that it had suffered “significant exposure” to FTX and Alameda with some of its assets held on FTX. At the same time, it announced it was exploring options to “maximise value for its users”, one of which was bankruptcy.
Now—post-bankruptcy filing—BlockFi has revealed that it has about $10...
Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiP2h0dHA6Ly90ZWNoY2FiYWwuY29tLzIwMjIvMTEvMjkvdGVjaGNhYmFsLWRhaWx5LXN3dmwtYmFja3Mtb3V0L9IBAA?oc=5
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