Investments

Democratizing trading: After GameStop, does more need to be done?

Democratizing finance has been a dominant theme in recent years — with companies vying to create a level playing field and give amateur investors the same opportunities that hedge funds and institutional investors enjoy. There have been some successes along the way. Purchasing stocks is a lot easier now than it was a few years …

Democratizing trading: After GameStop, does more need to be done? Read More »

Mergers and acquisitions are rising, leaving crypto assessments in question

Fintech, cryptocurrency and mergers and acquisitions are poised to intersect significantly in the coming year. M&A activity is expected to rebound quickly — more than 60% of decision-makers at large companies who were surveyed by FTI Consulting for a February report agree that their company has recently been a target of aggressive M&A, and 39% …

Mergers and acquisitions are rising, leaving crypto assessments in question Read More »

Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency

Despite the successful rollout of Coinbase’s stock on Wednesday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto. In an interview with CNBC’s Squawk Box on Thursday, Fink said he was “encouraged by how many people were focusing” on crypto and the narrative surrounding it, but he seemed to imply his …

Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency Read More »

JPMorgan, Mastercard lead $65M ConsenSys raise

ConsenSys, a prominent blockchain software company, has raised $65 million in strategic investments from major financial institutions including JPMorgan Chase, Mastercard and UBS, offering yet another sign that traditional finance is entering the crypto space. The investment round will aid ConsenSys in expanding its enterprise blockchain infrastructure solutions to enable more decentralized finance and Web …

JPMorgan, Mastercard lead $65M ConsenSys raise Read More »

European Investment Bank reportedly to issue bonds with blockchain tech

The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds. According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe Generale to look at a potential deal involving a euro-denominated bond issued …

European Investment Bank reportedly to issue bonds with blockchain tech Read More »

TON Labs raises $6M in support of Free TON blockchain

TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital.  The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding …

TON Labs raises $6M in support of Free TON blockchain Read More »

GME drops 14% as GameStop announces plans to sell up to 3.5M shares

GameStop Corporation, an American gaming and consumer electronics retailer, has announced its plans to sell up to 3.5 million GME shares following the stock’s massive and controversial rally. The firm announced Monday that it has filed a prospectus supplement with the United States Securities and Exchange Commission, under which it may offer and sell up …

GME drops 14% as GameStop announces plans to sell up to 3.5M shares Read More »

NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer

Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year. Explaining the motives behind his purchase in an …

NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer Read More »

Crypto mergers and acquisitions doubled to $1.1B in 2020, PwC reports

The consolidation of cryptocurrency-related companies surged massively in 2020, hitting a new record in deal activity, according to a new report by professional services network PwC. The total volume of mergers and acquisitions in the crypto industry more than doubled from $481 million in 2019 to $1.1 billion in2020, PwC said in a Monday market …

Crypto mergers and acquisitions doubled to $1.1B in 2020, PwC reports Read More »

Liquidity mining is booming — Will it last, or will it bust?

By the end of 2018, many crypto skeptics had their “I told you so” moment, as many initial coin offerings, or ICOs, failed to deliver on their promises. Between 2017 and 2018, 3,250 projects were launched via ICO and $21.4 billion was collected from investors. But by early 2018, a study revealed that nearly half …

Liquidity mining is booming — Will it last, or will it bust? Read More »