"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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
$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 ...)
Bitcoin Plunges on Reported Chinese Bank Ban; Crypto Stocks Fall
Bitcoin falls to a two-week low and cryptocurrency-focused stocks also drop after China's third-biggest bank bans customers from doing any business in crypto. ( read original story ...)
China Calls Top Banks to a Meeting to Reinforce Crypto Ban
China summoned officials from its biggest banks to a meeting to reiterate a ban on cryptocurrency services.Representatives from Industrial and Commercial Bank of China Ltd., Agricultural Bank of China ... ( read original story ...)
What the Crypto Crowd Doesn’t Understand About Economics
Now I’d like to explain to some of my crypto friends why parts of the mainstream economics and financial world do not take them more seriously. To put it bluntly: Many of you do not understand ... ( read original story ...)
Royal Mint 50p coin celebrates Team GB ahead of Tokyo Olympic Games
The design of the coin celebrating the postponed Games features the 2020 graphic, while the obverse has 2021 as the year of production. ( read original story ...)
Bitcoin price – Live: Crypto crash wipes another $200bn from market overnight amid ‘death cross’ fears
The price of bitcoin has crashed once again over the weekend, leading a market-wide nosedive that shows no signs of slowing down on Monday morning. Nearly $200 billion was wiped from the ... ( read original story ...)
Crypto: Bitcoin crashes to $32,000 as sell off continues
An ongoing crackdown in China and an unexpectedly hawkish stance from the US Federal Reserve have sparked a sell-off in recent days. ( read original story ...)
Crypto startup Amber Group hits $1 billion valuation on fresh fundraising, as famed hedge fund Tiger Global joins Coinbase as backer
Amber Group's $100 million fundraising round is the latest sign of institutional interest in crypto startups. ( read original story ...)