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Tag: finance

Posted on 22/06/2021

Asia-Pacific stocks set to rise following overnight Dow bounce

The Dow Jones Industrial Average soared more than 500 points overnight on Wall Street, posting its best day since early March. ( read original story ...)

Posted on 22/06/2021

Bitcoin Miner Calls China’s Crypto Crackdown ‘Fantastic News’

Getting banned in China is a "rite of passage" for freedom technology, citing Google and Facebook, and shows Bitcoin is working, Brandon Arvanaghi, a Bitcoin mining engineer and former Gemini security ... ( read original story ...)

Posted on 22/06/2021

University of Tokyo: UTokyo and MUFG agree to collaborate towards realizing carbon neutrality

The University of Tokyo and Mitsubishi UFJ Financial Group, Inc. (MUFG) on June 17, 2021 announced that they have agreed to form a partnership towards realizing carbon neutrality.As society focuses on ... ( read original story ...)

Posted on 22/06/2021

Bitcoin sinks to two-week low as China intensifies crypto mining crackdown

Bitcoin sank to a two-week low Monday on reports that China has intensified its crackdown on cryptocurrency mining.The world’s largest digital currency fell as low as $31,760 Monday morning, dropping ... ( read original story ...)

Posted on 22/06/2021

China’s central bank urges Alipay and banks to crack down on crypto speculation

The People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services. ( read original story ...)

Posted on 22/06/2021

Bitcoin’s Biggest Corporate Backer Invests Another $500 Million As Crypto Prices Crash

Two weeks after announcing a debt offering to fund the investment, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has spent nearly $500 million ... ( read original story ...)

Posted on 22/06/2021

China’s Crypto Crackdown Could Help Usher in a Return to Sanity for GPU Prices

Finding new graphics cards at reasonable prices has been almost impossible as of late, but that might be about to change after prices for GPUs in China fell by as much as 66 percent following a number ... ( read original story ...)

Posted on 22/06/2021

Crypto billionaire Sam Bankman-Fried discusses why dogecoin should be named asset of the year — and how its rise reflects the meme-stock trend

"Elon is a powerful piece of this, he is actually the most influential man in the world when it comes to financial assets," Bankman-Fried said. ( read original story ...)

Posted on 22/06/2021

Coinbase-Backed Platform Raises $100 Million To Become Latest Crypto Unicorn

Despite the recent price drawbacks in bitcoin, ether, and other digital assets, the minting of crypto’s latest unicorn, Amber Group, proves that institutional interest in the emerging asset class is ... ( read original story ...)

Posted on 22/06/2021

Naomi Osaka-backed salad chain confidentially files for U.S. IPO

Salad chain sweetgreen Inc said on Monday it had confidentially filed for an initial public offering in the United States, hopeful of strong investor interest as demand for plant-based food products ... ( read original story ...)

Posted on 22/06/2021

Ex-Tesla president sells shares, Olympics to allow fans, Vivendi sells 10% of UMG

Julie Hyman breaks down Monday’s business headlines, including: Former Tesla President Jerome Guillen selling $274 million worth of shares after exercising stock options, the Tokyo Olympics allowing ... ( read original story ...)

Posted on 22/06/2021

UPDATE 1-Naomi Osaka-backed salad chain sweetgreen confidentially files for U.S. IPO

Salad chain sweetgreen Inc said on Monday it had confidentially filed for an initial public offering in the United States, hopeful of strong investor interest as demand for plant-based food products ... ( read original story ...)

Posted on 22/06/2021

Japan pledges $10 bln financial support for Asia’s energy transition

Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-fired power generation from coal-fired ... ( read original story ...)

Posted on 21/06/2021

A $130 Million Crypto Quant Nets Big Returns as Options Boom

To hedge fund manager Shiliang Tang, the biggest crypto story this year is taking place in the shadows: An options market that’s booming and shaking up digital-currency trading along the way. At his ... ( read original story ...)

Posted on 21/06/2021

Bitcoin tumbles 8% after China steps up crackdown on crypto mining, shutting down 26 key sites in Sichuan

Sichuan authorities have ordered bitcoin miners to "clean up and terminate" their operations, according to media reports. ( read original story ...)

Posted on 21/06/2021

$5.5 billion fintech firm Revolut’s losses mounted in 2020 but crypto gave it a big boost

British fintech firm Revolut said 2020 adjusted revenues, a metric that accounts for revaluation of intangible assets like crypto, grew 57% to £261 million. ( read original story ...)

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