Bitcoin, dogecoin, ether and other cryptocurrencies are now worth about $2 trillion, but are their owners rich and would it affect the economy if they lost most of it? ( read original story ...)
Bain Capital Execs Sniffing Around Crypto Hedge Funds: Sources
A Bain Capital affiliate that manages the money of the alternative investing giant's partners is looking to back top-tier crypto traders. The Bain unit's move ... ( read original story ...)
The CFO of the world’s largest hedge fund is joining crypto firm NYDIG
John Dalby, CFO of Bridgewater Associates, is joining crypto firm NYDIG as CFO. The executive is the latest high-profile executive move within the cryptocurrency space. Dalby joins as NYDIG expands ... ( read original story ...)
German and US regulators tighten focus on booming crypto market
A pushback against stocks-like products in Germany and tougher talk in Washington suggest that key financial regulators are bristling at cryptocurrency operators’ incursions into tightly-controlled ... ( read original story ...)
Talaris Therapeutics’ IPO raises $150M to transform solid organ transplants
Three biotechs IPOs priced this week while one gene therapy developer postponed its plans. The biggest IPO belongs to Talaris Therapeutics, a company developing a cell therapy for organ transplant ... ( read original story ...)
Pfizer-BioNTech Will Donate COVID Vaccines to Olympic Athletes Ahead of Tokyo Games
COVID-19 vaccinations will be available for athletes prior to participating in the Tokyo Olympic Games in July, the International Olympic Committee announced ... ( read original story ...)
Calls to Cancel Tokyo Olympics Grow Louder as Emergency Extended
A petition calling to cancel the Tokyo Olympics gathered support in Japan on Friday, as the government prepared to extend the state of emergency in the city and beyond to control the spread of the ... ( read original story ...)
Big banks move into crypto services
The big banks’ moves are despite continuing scepticism in some central banking circles. The Bank of England governor Andrew Bailey said on Thursday that cryptocurrencies “have no intrinsic value” and ... ( read original story ...)
Jim Cramer’s full comments on April’s surprising jobs report, inflation fears, regulating crypto and more
Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1%. Dow Jones estimates had been for 1 million new jobs ... ( read original story ...)
A Canadian bitcoin ETF has attracted $823 million in just 3 weeks since launching as crypto demand remains strong
The 3iQ CoinShares Bitcoin ETF has benefited from surging interest in crypto from both retail and institutional traders. ( read original story ...)
Dogecoin Fans Hope Elon Musk’s ‘SNL’ Appearance Will See Crypto Hit $1
The Tesla and SpaceX CEO has suggested he will feature the joke cryptocurrency on TV—but also warned against getting too enthusiastic. ( read original story ...)
What Will The Ripple Effect Be In The Crypto Space?
With the dismissal of several of the crypto class action lawsuits, observers are now looking closely at the SEC’s case against Ripple Labs. For the first time there is a defendant who can make good on ... ( read original story ...)
Goldman Sachs announces a new crypto trading team in an internal memo
Goldman Sachs has informed employees of a new cryptocurrency trading desk, the bank confirmed. It is the first time the US bank has formally acknowledged involvement in crypto-trading. The crypto team ... ( read original story ...)
Crypto startup Dfinity takes on Ethereum with launch of Internet Computer
It took a while to get here, but Dfinity is finally launching. In July 2018, I went to the Swiss city of Zug to speak to CEO of crypto platform Dfinity. Its blockchain project has impossibly bold ... ( read original story ...)
2 wealth management CEOs explain why they aren’t ready to give clients bitcoin exposure even as Wall Street offers more ways to invest in crypto
During a recent webinar, the CEOs of Rockefeller Capital Management and Betterment made it clear they won't let clients invest in cryptos just yet. ( read original story ...)
Tokyo state of emergency extended just weeks out from delayed Olympics
Tokyo’s current state of emergency has been extended until the end of May in response to rising Covid cases in the Japanese capital. The Government had hoped that an initial “short and powerful” state ... ( read original story ...)