Many investors racing to get in on Bitcoin’s big rally have bet on the cryptocurrency through investment trusts rather than buying the coins themselves. These fund-like trusts have some advantages: ... ( read original story ...)
Goldman’s Marcus head exits – Payoneer goes SPAC – Visa pushes into crypto
The top finance stories for February 4 including the latest news on the head of Goldman Sachs' Marcus leaving his role. ( read original story ...)
SoftBank-backed used car marketplace Auto1 rallies 45% in debut
Shares of SoftBank-backed used car marketplace Auto1 rallied 45% on Thursday following its debut on Germany's Frankfurt stock exchange. ( read original story ...)
The 2021 IPO party kicks into gear with three debuts, including Sana — biotech’s latest unicorn
In a week where 10 biotechs are expected to price their IPOs, three companies — including the industry’s newest unicorn — kicked things off with a bang. Sana Biotechnology priced late Wednesday night ... ( read original story ...)
Crypto Market Faces Tough Challenges in 2021
There are still some challenges the crypto market might face this year including a significant surge in anonymous cryptocurrency transactions. ( read original story ...)
Bitcoin’s ‘worst case scenario’ is being a better form of gold, crypto investor says
Michael Wu of Amber Group says price volatility and corrections in bitcoin are expected though the cryptocurrency has "passed the stage" of being called a bubble. ( read original story ...)
SBF says he’s amassed a $10 billion fortune in just three years in crypto
FTX exchange CEO Sam Bankman-Fried is worth an estimated $10 billion according to a New York Magazineinterview. Alameda Research and FTX exchange founder Sam Bankman-Fried has amassed a fortune, ... ( read original story ...)
Japanese shares fall weighed by chip shares; Sony jumps on upbeat forecast
Japanese shares snapped a three-day winning streak on Thursday, dragged down by declines in chip-related companies, although a surge in shares of Sony limited some losses. ( read original story ...)
Pricey Tokyo Games Accelerate Calls for Olympic Reforms
But things didn’t go exactly as planned -- and not only because of the coronavirus pandemic, which forced the games to be delayed by a year. There was the expensive proposal for Tokyo’s main Olympic ... ( read original story ...)
Japanese shares slip as chip-related stocks lose steam; Sony jumps on strong earnings
Japanese shares snapped a three-session rally on Thursday, mainly led by declines in chip-related shares as investors booked profits, while electronics and media giant Sony jumped more than 9% on ... ( read original story ...)
Nikon Closes Two Japanese Camera Lens Factories As Market Shrinks
Nikon is set to cease operations at two of its Japanese factories in March. Those two factories are used to produce interchangeable lenses for its digital ... ( read original story ...)
Japan stocks set to dip; Apple close to finalizing deal with Hyundai-Kia
Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle, sources told CNBC. ( read original story ...)
Tom Hayes Says Libor Should Stay, Convicts Are Crazy for Crypto
Tom Hayes, the former trader convicted in the Libor-rigging scandal, said efforts to replace the benchmark were pointless and that the rate was far safer now. ( read original story ...)
Crypto Conversation: Uniswap Hits $30 Billion in Total Value Locked
Total volume on Uniswap skyrocketed in January, reaching $30 billion total value locked. This is twice as much as was deposited in the money market in December. At the same time, the price of the UNI ... ( read original story ...)
Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead
Digital currency markets have been on the move northbound on Wednesday as bitcoin and numerous crypto assets have seen decent gains. ( read original story ...)
Crypto Taxes Make Headlines, But Blockchain Might Be The Key To Real Time Reporting
Cryptocurrency tax issues may make the headlines, but an additional impact of blockchain may be revolutionizing the audit and reporting space. The American Institute of CPAs (AICPA), the largest ... ( read original story ...)