Vikram Pandit believes every major financial institution will be considering trading crypto “in one to three years.” ... ( read original story ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
China crypto ban slashes revenues and spurs Huobi to ‘go global’
The exchange is cutting off Chinese users and will lose a third of revenues from next year, co-founder tells FT ... ( read original story ...)
Vikram Pandit Says All Big Banks Will Think About Crypto Trading
All major financial institutions will soon be thinking about trading cryptocurrencies, according to Vikram Pandit, chairman of The Orogen Group and former chief executive officer of Citigroup Inc. ( read original story ...)
SiteMinder (ASX:SDR) Debuts on the ASX with Oversubscribed AU$627M IPO and AU$1.36B Market Capitalisation
SiteMinder , the world's leading open hotel commerce platform, will today commence trading on the Australian Securities Exchange under the ticker code 'SDR' following an oversubscribed Initial Public ... ( read original story ...)
Forex Today: Central bank speakers in the limelight
In the absence of high-tier macroeconomic data releases, markets started the new week in a quiet manner and investors will keep a close eye on central bank speakers on Monday. FOMC Chairman Jerome ... ( read original story ...)
UPDATE 1-Japan cuts economic view after key indicator falls to lowest in a year
Coincident index down 3.8 points vs month earlier - govt * Govt cuts assessment on the index for 1st time since Aug 2019 By Yoshifumi Takemoto and Kantaro Komiya TOKYO, Nov 8 (Reuters ... ( read original story ...)
Crypto rally lifts ether to new record, bitcoin to near 3-week high
Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favourable news and inflation fears. ( read original story ...)
Paytm IPO Opens Today. Here Is All You Need To Know
Paytm's IPO consists of fresh issue of Rs 8,300 crore and an offer for sale (OFS) by existing shareholders worth Rs 10,000 crore. Apart from Paytm's managing director and CEO Vijay Shekhar Sharma, ... ( read original story ...)