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Tag: finance

Posted on 08/11/2021

Ether hits fresh record high and bitcoin surges, sending total crypto market cap to $3 trillion for the first time

Ether hit an all-time high above $4,760 on Monday, while bitcoin topped $66,000 as it headed towards October's record. ( read original story ...)

Posted on 08/11/2021

China Crypto Giant Moves Spot-Trading Operations to Gibraltar

Huobi Group, a cryptocurrency-technology company founded in 2013, is moving its spot-trading operation to Gibraltar as it takes steps to leave China, where authorities are cracking down on the ... ( read original story ...)

Posted on 08/11/2021

All big banks will seriously consider starting crypto trading soon, says former Citigroup CEO Vikram Pandit

Former Citigroup boss Vikram Pandit said the biggest banks will be seriously weighing up a leap into the crypto world. ( read original story ...)

Posted on 08/11/2021

Voyager Token Integrated Into Coinify’s Global Crypto Payment Platform

"The integration of VGX into Coinify's crypto payment platform expands the functionality of the Voyager token well beyond the Voyager ecosystem," said Steve Ehrlich, CEO and Co-founder of Voyager. ( read original story ...)

Posted on 08/11/2021

SoftBank’s Vision Fund sees record loss

The plunging value of some of its blockbuster IPOs and a tech sector crackdown by China has led to a record loss. ( read original story ...)

Posted on 08/11/2021

Japan’s Kishida Calls for IPO Rethink in New Capitalism Drive

Prime Minister Fumio Kishida called for a shakeup of the initial public offering process to better serve startups as Japan’s new capitalism panel released its recommendations ahead of a stimulus ... ( read original story ...)

Posted on 08/11/2021

Crypto World Hits $3 Trillion Market Cap as Ether, Bitcoin Gain

The cryptocurrency market is now worth more than $3 trillion. As of 7:38 a.m. in London, the overall market cap of cryptocurrencies hit $3.01 trillion, according to CoinGecko pricing. The third- and ... ( read original story ...)

Posted on 08/11/2021

Every Big Bank Will Think About Crypto Trading, Says Ex-Citi CEO Pandit

Vikram Pandit believes every major financial institution will be considering trading crypto “in one to three years.” ... ( read original story ...)

Posted on 08/11/2021

FTX Backs CoinMENA In $9.5M Seed Round To Build A Crypto Exchange For The Middle East

Headquartered in Bahrain, fiat-to-crypto exchange CoinMENA has secured $9M in seed funding from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, FTX investment arm Alameda ... ( read original story ...)

Posted on 08/11/2021

SoftBank Vision Fund posts a record loss as Coupang shares fall

Overall, the Tokyo-based company had a net loss of ¥397.9 billion in ... its stock is down more than 70% from its peak and is trading below the IPO price. “The Chinese regulators have no incentive in ... ( read original story ...)

Posted on 08/11/2021

SoftBank Plans $9 Billion Buyback After Portfolio Losses

Masayoshi Son said his SoftBank Group Corp. will buy back as much as 1 trillion yen ($8.8 billion) of its stock after a decline in the value of its portfolio companies led to a record loss in its ... ( read original story ...)

Posted on 08/11/2021

SoftBank Vision Fund Posts a Record Loss on Coupang’s Plunge

Vision Fund unit as the value of public holdings like Coupang Inc. and Didi Global Inc. plunged. The unit’s loss in the three months ended Sept. 3O was 825.1 billion yen ($7.3 billion), exceeding the ... ( read original story ...)

Posted on 08/11/2021

Paytm IPO will be a big event for SoftBank, says Masayoshi Son

SoftBank had first led a $1.4 billion round in Paytm in 2017, valuing it at $7 billion. It led subsequent rounds too, and its current holdings are worth over 2 times what it has invested. ( read original story ...)

Posted on 08/11/2021

Paytm IPO Opens Today, Subscribed Nearly To 8 Percent On The First Day

The existing investors will sell shares worth Rs 10,000 crore, while fresh shares worth Rs 8,300 crore will be issued. ( read original story ...)

Posted on 08/11/2021

Hunton Andrews Kurth Expands Global Energy And Infrastructure Team With Addition Of Project Finance Partner Sean Conaty In Tokyo

Sean Conaty, an internationally recognized project development and project finance attorney who has advised on some of the most transformative infrastructure projects throughout the South East Asian ... ( read original story ...)

Posted on 08/11/2021

The New Masters: How auction houses are chasing crypto millions

Little could James Christie have known some 240 years ago, as he sold masterpieces by Rembrandt and Rubens to Catherine the Great, that his auction house would one day offer virtual apes to a crypto ... ( read original story ...)

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