Coinbase IPO Worth $28 Billion – Messari

A Step Closer to Wall Street On Dec 17, 2020, Coinbase filed an S-1 registration statement with the US Securities and Exchange Commission. This confirmed some not-so-secret rumors that the exchange intended to go public.

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US Insurance Giant with $28.6 Billion in Revenue Buys $100 Million Worth of Bitcoin

The Massachusetts Mutual Life Insurance Company–a 169-year-old insurance firm that generated $28. 6 billion in revenue in 2019, has bought $100 million of Bitcoin from its general investment account, the Wall Street Journal reported on Dec 11.

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CEO of $10 billion fund expects Ethereum to gain Wall Street traction this year

Crypto adoption on Wall Street is booming.

The post CEO of $10 billion fund expects Ethereum to gain Wall Street traction this year appeared first on CryptoSlate.

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Did Futures Dip Bitcoin?

Wall Street’s bitcoin futures expire tomorrow after their biggest month in terms of volumes so far. An incredible 97,605 bitcoin equivalent contracts exchanged hands on Tuesday, worth some $1.7 billion....

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Spoofing Mistake Costs Wall Street Banking Giant JPMorgan $1 Billion in Penalty

Coinspeaker Spoofing Mistake Costs Wall Street Banking Giant JPMorgan $1 Billion in PenaltyJPMorgan is looking ahead to settle regulatory charges of market manipulation by paying a massive $1 billion in penalty.

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Bitcoin Edgy on Expiry Friday

It’s the last Friday of the month, and that means Wall Street’s paper bitcoin futures expire this Friday at 4PM London time. They’re managing huge volumes at some $1 billion...

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‘Bitcoin Is Superior To Cash’, Says World’s Largest Business Intelligence Company

Publicly listed business intelligence firm MicroStrategy announced on Aug 11 that it had purchased 21,454 bitcoins worth $250 billion at the time, in a bid to hedge against Fed-led inflation. This is a major achievement for bitcoin as it adds credibility to the narrative that the king of crypto is gaining popularity on Wall Street as […]

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Bitcoin Rises on Futures Expiry

Bitcoin has reached record volumes on Wall Street’s CME where $1.4 billion worth of 125,000 bitcoin contracts exchanged hands this Monday. As of 5PM London time today, 60,000 bitcoins exchanged...

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$60B Asset Fund, WisdomTree Trust, Files For A New ETF; Will Includes 5% In Bitcoin Futures

Institutional investors are taking up positions in the Bitcoin market attracting some of the biggest Wall Street hedge funds and financial institutions. WisdomTree Investments, a $60 billion dollar hedge fund, announced the launch of an electronic traded fund (ETF) index comprising of a number of digital assets including BTC.

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Apple Reveals Earnings for Fiscal Q2, Results Beat Expectations, AAPL Stock Down 3% Now

Coinspeaker Apple Reveals Earnings for Fiscal Q2, Results Beat Expectations, AAPL Stock Down 3% NowApple reported revenue of $58. 3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street's muted expectations.

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Morgan Stanley Buys E*Trade In $13B Deal, Broker Was Looking to Offer Crypto Trading

Morgan Stanley confirmed Thursday that the investment banking giant is buying E*Trade Financial Corp. in a $13 billion deal, reported the Wall Street Journal. This deal marks the biggest takeover by a major US bank since the 2008 crisis.

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NYSE, Bakkt, & eBay Under One Roof? ICE Makes a Takeover Offer to eBay

The Wall Street Journal has just reported that a company that owns the NY Stock Exchange, just made an offer of $30 billion dollars for eBay, the company is the well known Intercontinental Exchange and located in Atlanta.

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Ford Announces $1.7 Billion Net Loss in Fourth Quarter Earnings Report, F Stock Drops 10%

Coinspeaker Ford Announces $1. 7 Billion Net Loss in Fourth Quarter Earnings Report, F Stock Drops 10%Ford has reported earnings for its 2019 fourth quarter. The figures reported by the automaker are much worse than both the company and Wall Street expected to see.

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Federal Reserve’s Record $235 Billion Repo Intervention Validates Bitcoin

While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown.

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Why is Tezos (XTZ) Enjoying a Rush of Green Amidst the Bloodbath on Crypto Street

In the past 2 days, Bitcoin lost about 21% of its value. Altcoins followed the leading cryptocurrency and dropped 20 to 30%. This resulted in wiping out $50 billion from the total market cap. However, Tezos is one cryptocurrency that is not following this trend. On Nov. 22, XTZ registered a loss of 14% but […]

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Billionaire Founder of World’s Largest Hedge Fund Warns of ‘Scary, Very Risky’ Economy

Ray Dalio is the founder and co-chair of Bridgewater Associates, the world’s largest hedge fund. Dalio is bullish on gold, predicting the metal to be a major investment asset ahead of a ‘paradigm shift’ within global markets.

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Boeing’s Earnings Missed Wall Street’s Expectations Yet Its Stock Is Rising

Investors gave Boeing a massive pass on its terrible third-quarter earnings results that ordinarily would have sunk the company’s stock. The company didn’t disclose any additional bad news about the 737 Max.

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WeWork’s parent company is reportedly delaying its idiotic IPO plans

The Wall Street Journal reports that The We Company, which owns co-working space provider WeWork, is putting its plans for an IPO on hold. Finally, good sense prevails at the firm. The real estate company had achieved a private valuation of $47 billion back in January, but that’s since been cut down to $10 billion.

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SoftBank Doubles Down on Its WeWork Loss

Legendary investment firm SoftBank, which was once but a Japanese telecom provider, plans to plow another $750 million into the WeWork IPO, according to a report in The Wall Street Journal. This would be in addition to the $2 billion it invested earlier.

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FBI proposal outlines plans for large scale collection of social media data

The Federal Bureau of Investigation (FBI) is planning to step up its efforts to monitor social media platforms more aggressively in order to detect potential threats. The move, according to the Wall Street Journal, clashes with Facebook’s privacy policies and “possibly its attempts to comply with a record $5 billion settlement with the U.

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FBI proposal outlines plans for large-scale collection of social media data

The Federal Bureau of Investigation (FBI) is planning to step up its efforts to monitor social media platforms more aggressively in order to detect potential threats. The move, according to the Wall Street Journal, clashes with Facebook’s privacy policies and “possibly its attempts to comply with a record $5 billion settlement with the U.

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Dow Claws Out of Vicious Slide as Beijing Rebukes Trump's 'Blackmail'

The Dow’s multi-session nosedive risks extending into a fourth day on Friday after Beijing rebuked President Trump for his $300 billion tariff threat. Dow Scrambles to Avoid Fourth Straight Loss All of Wall Street's top indices fought to avoid an opening bell sell-off following a volatile pre-market session for US stock futures.

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Dow Claws Out of Vicious Slide as Beijing Rebukes Trump’s ‘Blackmail’

The Dow’s multi-session nosedive risks extending into a fourth day on Friday after Beijing rebuked President Trump for his $300 billion tariff threat. Dow Scrambles to Avoid Fourth Straight Loss All of Wall Street’s top indices fought to avoid an opening bell sell-off following a volatile pre-market session for US stock futures.

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Dow Spins Tires While Nasdaq Booms on $25 Billion Stock Boost

The Dow spun its tires on Friday, helplessly advancing a few paltry points even as the Nasdaq surged thanks to a $25 billion helping hand from Google-parent Alphabet. Dow Stuck in Holding Pattern, Tech Stocks Soar Wall Street’s three major indices each rose on Friday, but their rallies were far from lock-step.

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Investors Flee Stocks as S&P 500, Dow Smash Records

The Dow Jones Industrial Average and S&P 500 each set new records this week, barreling past 27,000 and 3,000, respectively, for the first time in the stock market’s history. But as rate-cut fever rampages across Wall Street, the market’s historic rally is increasingly proceeding without one key demographic: investors.

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Dow Roars After Trump Flinches on $300 Billion China Tariff Threat

The US stock market roared back to life on Wednesday, and the Dow shot around 100 points higher as Wall Street prepared to close the book on its best June in more than three-quarters of a century.

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Wall Street is on the losing side of Bitcoin’s impressive price rally

Wall Street, complete in their tailored suits, suede shoes, and leather briefcases, have once again placed their bets against Bitcoin. Despite the fact that the collective cryptocurrency market broke the $350 billion mark, with Bitcoin alone accounting for 62 percent of the same and trading at $2,000 over its price at the beginning of the […] The post Wall Street is on the losing side of Bitcoin’s impressive price rally appeared first on AMBCrypto.

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Dow Creeps Higher but Fearful Wall Street Money Managers Exit Stocks Fast

By CCN Markets: Dow Jones futures rose on Tuesday, but money managers on Wall Street aren’t convinced the stock market rally has longevity. Billion-dollar investors are pulling money out of stocks and piling into cash, according to a survey by Bank of America Merrill Lynch.

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Feeding Frenzy: Chewy Stock Explodes Amid IPO Market Mania

By CCN Markets: Friday’s Chewy IPO was a feeding frenzy of investor enthusiasm for this summer’s latest hot new stock. The IPO is clearly not dead in 2019, despite the brutal debuts of Lyft and Uber, which were all bark and no bite.

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Google Faces Likely Antitrust Probe by the US Dept of Justice: Report

By CCN: Google parent company Alphabet is on the hot seat with the U. S. Department of Justice. The Wall Street Journal reported Friday that the DOJ is preparing an antitrust investigation into the internet search giant.

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Elon Musk Had to Snub Apple’s Buyout Bid Even if Tesla Is in Code Red

By CCN: When Tesla’s stock crashed below $200 this week after the company tumbled into a “code red,” many on Wall Street wondered if Elon Musk should’ve accepted Apple’s $240-a-share buyout offer from 2013.

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Crumbling Dow Terrifies Wall Street, But China’s Yuan Suffers Collateral Damage

By CCN: The Dow and broader U. S. stock market crashed on Monday after China announced retaliatory tariffs on another $60 billion worth of American-made goods, escalating a brutal trade war that has taken the global financial system by storm.

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Wall Street Recovers at the Last Minute, Despite the Negative Outlook of the Commercial War

Stocks of the New York Stock Exchange fell half a day after the United States and China failed to reach a trade agreement and imposed a new wave of tariff increases to Chinese products imported for more than 200 billion dollars.

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Dow Reverses Brutal Loss as Tame Inflation Keeps Fed Hawks at Bay

By CCN: The Dow and broader U. S. stock market were under pressure Friday morning after the Trump administration raised tariffs on $200 billion worth of Chinese goods, setting the stage for a prolonged and potentially damaging trade war with Beijing.

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Is a Facebook Cryptocurrency Payment Coin Going to Have a Sunny or Shady Forecast?

According to a recent report released by the Wall Street Journal a few days ago, Facebook is building a network of online merchants and financial institutions to accept its virtual currency. The largest social network around the world wants to raise $1 billion in funds in order to fund its stablecoin project called Project Libra. […]

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Only an Idiot Would Use Facebook’s Shady Cryptocurrency

By CCN. com: In its neverending conquest to take over the world, Facebook is building a network of online merchants and financial institutions to support its secretive new cryptocurrency. The Wall Street Journal reports that Mark Zuckerberg’s war machine is looking for $1 billion to fund the secretive stablecoin project, Project Libra, and is talking with heavyweights like Visa and Mastercard to get that cash.

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WSJ: Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard

Facebook is attempting to net at least $1 billion for its FB Coin, according to the Wall Street Journal

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Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem.

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Dow Roars Towards Record High as Apple Stock Smashes 6% Higher

By CCN. com: The Dow Jones Industrial Average looks set to open in positive territory on Wednesday after a strong earnings report at Apple last night. Dow futures are up 81 points (0. 3 percent), putting the DJIA in touching distance of its record high of 26,828.

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Goldman Sachs ‘Missing Out’ as Crypto Fund Assets Soar to $15 Billion

Wall Street giants such as Goldman Sachs are increasingly at risk of being left behind as cryptocurrency funds are the fastest growing segment of the hedge fund industry. Cryptocurrency Hedge Funds Are Growing the Fastest A few months ago, Wall Street seemed to be embracing Bitcoin, and giants such as Goldman Sachs and Morgan Stanley were developing infrastructures to trade Bitcoin.

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‘Tesla Blows’: Elon Musk’s Joke Haunts Him in Mind-Numbing Q1 Miss

By CCN: Tesla’s first-quarter earnings miss was about the size of the Grand Canyon. Yet, investors are not punishing Tesla’s stock. Far from it, in fact, as TSLA shares are currently meandering in and out of positive territory in after-hours trading.

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Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership

Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.

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Dow Eyes $68 Billion Boost from Forgotten Trump Trade Deal

By CCN: The United States and China have spent months laboring over a new trade agreement, one that President Trump says will solve longstanding disagreements between the world’s two largest economies.

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$1 Billion Crypto Hedge Fund Crashed 40% – But Still Beat Bitcoin

Crypto hedge fund traders were not immune to bitcoin’s downright frigid bear market. Just look at Polychain Capital, whose assets under management (AUM) fell to $591. 5 million at year-end 2018, according to a regulatory filing cited in the Wall Street Journal.

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Dow Plunges After Trump Unleashes $11 Billion Tariff Threat

Stop me if you’ve heard this one before: Donald Trump lashes out on Twitter to savage another government’s trade regime, and the Dow Jones Industrial Average drops by triple digits. No, the president didn’t lob another volley of insults at China as the two sides seemingly near a historic trade deal, but Trump may have just dropped the teaser trailer for the sequel – and Wall Street didn’t like what it saw.

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$2 Billion Lyft IPO is a Must-Buy, But Don’t Ignore These Risks

Less than two weeks ahead of its highly-anticipated $2 billion initial public offering, US ridesharing giant Lyft already has Wall Street bulls pounding the table. D. A. Davidson analyst Tom White has initiated coverage of Lyft with a “buy” rating and is expecting big growth numbers ahead.

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The $120 Billion Uber IPO & A Government Conspiracy to Stop It?

The US government and GM may have conspired against Uber to promote Lyft. As Uber feels the heat in the run-up to a would-be record-shattering $120 billion IPO, the ride-hailing tech giant will have to take on Lyft, a Mercedes-BMW alliance, and possibly the U.

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Karpeles Beats Embezzlement Charges in Mt Gox Ruling

The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.

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Everything we know about Apple’s unexpected March 25 event

For months, Apple has been rumored to be working on a streaming video service, and it looks like the company will finally unveil its next offering on March 25. It’s sent out invites for an event at its new campus, with the tagline ‘It’s show time.

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