‘Blockchain Revolution’ Author Alex Tapscott at Mainnet 2022: Big Companies Are Warming to Public Blockchains Alex Tapscott, co-author of the 2018 crypto book “Blockchain Revolution,...
Tag: Companies
California Governor Vetoes Bill to Establish Licensing Framework for Crypto Companies
The Governor of California, Gavin Newsom, has vetoed a proposed bill that seeks to create license requirements for crypto companies in the state. The bill sponsored by Democrat Assemblyman Tim Grayson...
Bankrupt crypto lender Voyager’s CFO resigns
The chief financial officer of bankrupt crypto lender Voyager is expected to leave the company, a Friday announcement said. Ashwin Prithipaul “is resigning to pursue other opportunities,” ...
Coinsquare set to acquire CoinSmart, merging the two trading platforms
Coinsmart and CoinSquare, two Canadian crypto trading platforms, are set to merge following an acquisition by Coinquare. The planned acquisition and integration will see Coinsquare manage over CAD$350...
Raymond James launches coverage of insurance companies with strong buys on three names
Raymond James on Thursday launched analyst coverage of six insurers, with Prudential Financial Inc. PRU, -2.53% (price target $115), Voya Financial Inc. VOYA, -2.53% (price target $84) and Globe Life ...
Celsius investors file for ‘fiduciary’ to advocate for them in bankruptcy case
Two investors holding equity in crypto lending platform Celsius filed a request on Thursday for a committee to represent their interests in bankruptcy proceedings. Growth equity firm WestCap and Quebe...
Ford Stock Is Still a Buy, Despite Supply Issues. Here’s Why.
Ford’s truck business is one heck of a business. Courtesy Ford Text size Ford Motor stock tumbled this past week after the company warned of continued parts shortages, but Wall Street doesn’t seem wor...
Singapore banking giant DBS builds out crypto trading services for wealth clients
Singapore bank DBS said today that it has introduced a crypto trading product for its wealth clients who are accredited investors. This will allow them to trade crypto at their convenience, it said i...
New England Patriots ink sponsorship deal with crypto firm Chain
Crypto firm Chain signed a multi-year deal to be an official blockchain and web3 sponsor for the New England Patriots football team. The company also will sponsor soccer team New England Revolution, G...
Automated crypto trading startup 3Commas raises $37 million
3Commas, an automated trading bot platform for crypto, has raised $37 million in a Series B funding round. The round was led by Alameda Research, Jump Capital, Target Global and Dmitry Tokarev, CEO a...
Robinhood shares up 9% as SEC reportedly scraps plan to limit PFOF deals
Robinhood shares soared at the open on Thursday following news that the U.S. Securities and Exchange Commission (SEC) won’t limit it in making payment-for-order-flow (PFOF) deals. Shares in the ...
Costco Earnings Underwhelmed and the Stock Is Falling. It’s Time to Buy the Dip.
Text size Costco earnings rarely disappoint. Mario Tama/Getty Images Costco Wholesale isn’t the kind of company that delivers much in the way of bad news and Thursday’s earnings report wasn’t anything...
Palantir CEO Alex Karp says tidal wave of macroeconomic risks will wipe out some companies
Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Ge...
FTX Wants Another $1B to Buy More Crypto Companies: Report
FTX’s fresh capital would go towards further dealmaking, if the round closes CEO Sam Bankman-Fried has said his crypto company bailouts have led to mixed results Crypto exchange FTX could retain its $...
Web3 finance platform Integral closes $8.5m round led by Electric Capital
Web3 finance platform Integral has closed an $8.5 million funding round led by Electric Capital. Integral, which describes itself as a “real-time finance platform for web3 enterprises,” e...
GOP attorneys general ask credit card companies to drop gun store code
Fire arms are seen at the Bobâs Little Sport Gun Shop in the town of Glassboro, New Jersey, United States on May 26, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Two dozen Republican attorneys...
Nova Labs will use T-Mobile to fill coverage dead zones
The ink is dry on a five-year agreement that will see T-Mobile fill in service gaps on the blockchain-based Nova Labs’ Helium network to offer U.S. nationwide 5g powered by Nova Labs, reports CoinDesk...
Apple Stock, Google Stock Top Buybacks Among U.S. Companies
Apple (AAPL) and Google parent-Alphabet (GOOGL) led all U.S. companies in stock buybacks during the second quarter, though overall repurchases fell nearly 22% from the previous quarter, according to S...
S&P 500: 9 Companies’ Revenue Is About To Boom Up To 937% This Quarter
S&P 500 investors are unclear about what the Fed will do this week. But they think one thing for sure: Some companies’ businesses are going like gangbusters right now. X Nine companies in th...
Alameda-backed Volmex Labs launches bitcoin and ether volatility indexes: Exclusive
Volmex Labs, a crypto volatility protocol backed by investments from Alameda Research and CMS Holdings, launched two volatility indexes for bitcoin and ether on Tuesday. The firm’s product hope...
Microsoft, TJX Companies, Pentair, FirstEnergy, ServisFirst Bancshares
Microsoft on Tuesday announced that its board of directors declared a quarterly dividend of $0.68 per share, reflecting a 6 cent or 10% increase over the previous quarter’s dividend. The dividen...
Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
Five of the top 10 most influential fintechs of 2022 are crypto companies
The expansion in the financial technology industry is sweeping the globe like a tidal wave, bringing with it digital payment wallets, investment platforms, and cryptocurrency exchanges. Notably, five...
Berkshire Looks Like a Loser with 3 Big Buys
Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ’s investment success at...
‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...
Samsung invests in blockchain companies
Between September 2021 and mid-June 2022, Samsung invested in 13 cryptocurrency/blockchain companies, making the South Korean company the most active among the top 40 companies. Samsung is increasingl...
NFTs In The Retail Landscape As Companies Leverage Their Use
Mainstream retail brands that jumped into the NFT bandwagon early are seeing positive results. Though NFTs have existed since 2014, their popularity skyrocketed in 2021, with trading volumes crossing ...
Report: Bitcoin Mining Companies Spend Excessively On Administration Compared To Other Industries
Data shows the public Bitcoin mining companies have been spending more excessively on administration, compared to other industries like gold mining. Average Public Bitcoin Miner Spends 50% Revenues On...