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Ark Invest Fund Manager Cathie Wood Buys More Coinbase Stock – Bull Market Starting Soon?
14.12.2022
Well-known tech investor Cathie Wood’s fund Ark Invest has taken a bigger stake in Coinbase, buying up an additional $3.2m worth of shares in the crypto exchange.
The latest purchase means that Ark Invest’s flagship exchange-traded fund (ETF), ARK Innovation ETF (ARKK), now holds 5.8 million COIN...
Elon Musk Fears Severe US Recession is Coming, Urges the Federal Reserve to Do This to Prevent It
1.12.2022
Elon Musk, CEO of Tesla and Twitter, has called on the Federal Reserve to cut interest rates to prevent a potential major recession as the US economy faces the possibility of a severe recession.
In reply to a tweet that said a real economic recession is coming in 2023, Musk agreed that the current...
New York-Based Investment Firm CoinFund Looking to Invest $250,000,000 in Crypto Startups
2.11.2022
U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC). ...
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Meta’s Metaverse Business Loses Over $3.5 Billion in Q3 2022
27.10.2022
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new metaverse-related initiative.
Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to...
$4.5 Trillion Asset Manager Fidelity to Add Ethereum Trading For Institutional Clients
20.10.2022
In a bid to increase its institutional clients’ exposure to crypto, Canadian asset manager Fidelity has decided to enable Ethereum (ETH) trading starting October 28, according to a memo sent out by the company. ...
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Bitwise Launches New Web3 ETF as Crypto Markets Rebound
5.10.2022
Hoping to capitalize on the rebounding crypto markets, San Francisco-based crypto index fund provider Bitwise has rolled out BWEB, a new Web3 exchange-traded fund (ETF).
ETFs are financial instruments that trade on an exchange like stock, but track a specific market or asset, such as bitcoin...
Celsius Network Defends Bitcoin Mining Plans Amid Bankruptcy
19.7.2022
The renowned crypto lender Celsius Network defends its Bitcoin mining plans amid bankruptcy concerns. The New Jersey-based venture gained approval from Martin Glenn, a US Bankruptcy Judge, to spend 3.7 million dollars on building a new mining facility. Additionally, the venture is spending...
Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols
18.12.2021
The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon...
Japan’s Finance Ministry to Take Action Against Mizuho
25.11.2021
The Japanese finance ministry has decided to take punitive actions against the Mizuho Financial Group. According to the Ministry, the banking arm of the finance company has failed to maintain compliance with Japan’s foreign exchange rules and regulations. According to Nikkei Business Daily reports...
Massachusetts Casinos Net $26 Million In Tax Revenue
17.9.2021
As per the August reports, the Massachusetts Commission stated that it had collected a total tax of $869 million in a year from three casinos, MGM Springfield Casino, Plainridge Park Casino, and the Encore Boston Harbor Casino. A total tax amount of $26.2 million, collected from the state-licensed...
Sportradar Stock Dips 7% From IPO
16.9.2021
The Stockradar Group’s stock prices experienced a significant dip in prices on their first day of trading. The stock price at the time of IPO had been $27 per share. The total estimated valuation had been $21 billion. But on Tuesday, the first day of trading, stock prices dipped almost 7%...
Denied for Credit Card Even With a Good Credit Score? Here’s What You Can Do
2.9.2021
Achieving a good Credit Score is a goal that almost every financially ambitious individual is striving for. From naive students to financially experienced professionals and everyone in between, everyone wants to boost this magical number a little bit more. However, there’s one thing that even...
EarnBUSD Fair Launch and Airdrop on MoonRatX to Surprise Winners
11.8.2021
Hailed as a top-tier liquidity protocol working on the Binance Smart Chain network, MoonRatX is all set to proclaim the glory of the highly-anticipated EarnBUSD Fair Launch event with its community by organizing attractive airdrops to reward winners. According to the report, the team has dedicated...
LIC to Infuse Raise Rs. 2,334 Crores as Equity Capital
25.6.2021
LIC recently announced that it is planning to infuse over Rs. 2,334 crores worth of equity capital in LIC Housing Finance. The announcement added over 2% growth in the subsidiary’s shares price on 25th June. LIC Housing Finance will raise the equity capital by picking up additional stakes within...
Softbank Aids Atom Finance Raise $28M for Its Brazil Ops
24.6.2021
Latin American SoftBank invests in Atom Finance, an online investment platform, by raising $28 million on Wednesday, June 23, 2021, via its Series B funding or Latin America Fund 9984.T. The purpose of this investment is for expanding the latter’s investor base and establishing its Miami office...
South Korea’s 2021 Budget to Revive Lost Pandemic Taxes
23.6.2021
Due to the novel COVID-19 pandemic, the nation faced a grave economic loss. As a result, South Korea was not able to meet the economic agenda of the year 2020. Due to this fiscal trial, the Finance Minister of South Korea has proposed a budgetary supplement resource for the second time in 2021....
IMA’s New Report: Agility’s Purpose in the Finance Function
21.6.2021
The IMA report on Finance Transformation elaborates the procedure of the finance team to acquire advantages of Agile and Scrum. According to the statement of Institute Management Accountants, the report explains that the finance function acquires the profit getting a slant to alteration....
Portman & Yellen Talk Tax Reforms at Finance Hearing
17.6.2021
The recent Senate Finance Committee saw Portman addressing the claims of Committee Democrats regarding the TCJA (Tax Cuts and Jobs Act.) Senator Portman highlighted the overwhelming positives and wide-ranging effect of the legislation. Portman questioned Janet Yellen (Secretary of the Treasury)...
Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures
20.12.2020
Following the San Francisco-based cryptocurrency exchange’s initial public offering (IPO) Form S-1 draft registration, reports note that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is rumored to be launching a Coinbase futures market before...
Diesel Cheating Settlement in Australia Finally Agreed By Volkswagen
16.9.2019
German car manufacturing giant Volkswagen has been beset with scandals over the past few years, and while the company is trying to turn over a new leaf, the aftermath of the scandals keep bugging it. The emission scandal had almost threatened to take down the company a few years ago, and...