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Celgene Deal Setback Wipes Out $6 Billion From Bristol-Myers Squibb
25.6.2019
When it comes to the biggest acquisitions that are valued at tens of billions of dollars, there is almost always a bit of trouble in completing the whole thing. First of all, there is the matter of the two company’s shareholders who might or might not want the deal to happen, while on the other...
Smaller Rival Altran Merges with Capgemini in 3.6 Billion Euros Deal
25.6.2019
When it comes to the biggest companies in the world of consulting and technology, the idea of acquisition in order to keep growing is a well-known strategy and that has been even more prevalent in recent years. In a new development, French consultancy and information technology giant Capgemini...
Bitcoin Breaks $200 Billion Market Cap For the First Time in 17 Months
25.6.2019
Bitcoin is busy deleting the last traces of its 2018 bear market
Coca Cola And China’s Mengniu Dairy Sign Olympics Sponsorship Deal Worth $3 Billion
24.6.2019
While the trade war between the United States and China is going on at full tilt for months, two of the biggest corporations from the two countries have come together to sign a gargantuan sponsorship deal for the Olympics. The sponsorship deal signed by soft drinks maker Coca Cola and Chinese dairy...
More than One Year Later, BTC Price Skyrockets Past $10K
22.6.2019
On June 21, the price of bitcoin core (BTC) crossed the $10,000 mark for the first time since March 08, 2018. At the moment BTC has a $180 billion dollar market capitalization as the cryptocurrency gathered more than 166% over the last six months. Also read: These Are 2019’s Biggest...
Markets Update: Digital Currency Economy Surpasses $300 Billion
21.6.2019
Digital currency prices have spiked considerably in the last 24 hours and bitcoin core (BTC) stopped short about $70 in an attempt to cross the $10K price zone. Most cryptocurrencies are up between 2-8% on Friday, June 21 and the entire cryptoconomy surpassed $300 billion. Also read: These...
Craig Wright Provides New Details on Bitcoin Trust at Heart of US Lawsuit
20.6.2019
A court document filed on May 8 details Craig Wright's bitcoin holdings prior to Dec. 31, 2013
Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked
18.6.2019
Facebook's newly unveiled Libra blockchain is tackling remittances at first, but it could have a much broader impact
Coinbase Custody Disclosed That It Holds 1.3 Billion Of Crypto In Assets Under Custody
16.6.2019
In a twitter thread published the news by Coinbase Custody posted on June 13 – 3/ “There’s a narrative out there that institutional-grade services don’t exist in crypto. This isn't true. Coinbase Custody is a regulated, insured and secure custodian. We have $1.3bn AUC and expect to hit $2bn...
Markets Update: Crypto Prices Surge After Last Week’s Pullback
15.6.2019
Digital currency markets have regained some of the losses they endured last week, with the entire cryptoconomy now valued at $275 billion this Saturday. Most cryptocurrencies are up in value between 2-8% today but global trade volumes have tapered off with only $63 billion swapped in the last...
CME’s Bitcoin Futures Hit New Records
11.6.2019
Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone...
Markets Update: Crypto Prices Sink Lower Finding New Support Levels
9.6.2019
On June 9, digital currency markets have been meandering along in a consolidated manner after the slight downturn this afternoon. At the moment, the entire cryptocurrency market is around $243 billion, but global trade volume has dropped from $80 billion on June 5 to $56 billion this weekend. Also...
Bitcoins Lost About Three Years Ago In A $1 Billion Bitfinex Hack Start Moving To New Addresses
8.6.2019
Bitfinex hack of 2016 was one of the earliest and biggest ones in the crypto space. Hackers took away 119,756 Bitcoins, which is equal to about $1 billion. Even after repeated efforts, the exchange hasn’t managed to recover any of the funds, other than the 27 BTCs recovered in February this year....
Former Ethereum Co-Founder’s New Blockchain Polkadot Might Fall Short Of The $1 Billion Evaluation
6.6.2019
Polkadot has been a long time in the making and was expected to be valued at $1 billion before the launch of its mainnet. However, the target seems to elude Gavin Wood’s brainchild. The blockchain’s managing non-profit company, Web3 Foundation, is trying to raise $60 million since...
$1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot
5.6.2019
Polkadot’s bid for unicorn status has hit a snag, with three Chinese funds buying into the token sale at valuations below $1 billion
Bitfinex's LEO Moves Through Crypto Ranks Faster than Binance Coin
5.6.2019
The competition among major exchange tokens is heating up, as UNUS SED LEO (LEO), the recently-issued Bitfinex exchange token, has reached USD 1.5 billion market capitalization in less than two weeks and is inching closer to the top 10 coins by market capitalization as it is already ranked as...
Markets Update: Cryptocurrency Prices See a Slight Correction
4.6.2019
Cryptocurrency prices have corrected over the last 24 hours as most digital assets have dropped in value between 6-10% since June 2 at around 6:45 p.m. EST. At press time the entire cryptoconomy is valued at $250 billion with about $80.5 billion in global trades in the last day. Also read:...
INEOS Announces Plan to Invest $2 Billion in Saudi Petrochemical Project
3.6.2019
After the whole Jamal Khashoggi affair, there was worldwide outrage about the Saudi leadership and many investors made noises about not doing business in the country ever again. However, the tide has definitely turned over the course of 2019, and big-ticket investment is continuing to flow into...
Ripple Price Analysis: XRP Releases 1 Billion Coins from Escrow Account
3.6.2019
Ripple releases 1 billion coin worth of $435,891,000 from its escrow account. The 2019 target should be set at 0.75 USD. Recently, a sudden increase in the trading volume and market cap was noticed in Ripple (XRP). Later it was officially confirmed that Ripple had released 1 billion XRP coins worth...
New Zealand Prioritises Wellbeing Over Economic Growth with $2.5 Billion Budget
30.5.2019
As far as revolutionary budgets are concerned, there have been plenty of them over the years, but it seems New Zealand has outdone itself by announcing a budget that is going to have a larger focus on mental health issues and poverty alleviation. In this regard, it is necessary to point out that...