PayPal’s $500 Million Uber Bet Has Already Lost $190 Million. It Could Get Worse.

PayPal got in late having bought over 10 million shares of Uber at $45 Some analysts are expecting a ‘horror show’ after the stock lock-up period expires. Uber’s stock hit a record low on Tuesday a day ahead of the expiry of the lock-up period Payments firm PayPal (NASDAQ: PYPL) was one of the biggest […] The post PayPal’s $500 Million Uber Bet Has Already Lost $190 Million. It Could Get Worse appeared first on CCN.com origin »

Hong Kong Brings License to Crypto Exchanges.

Opt-in based framework; limited impact expected. Still PI only. Overview Hong Kong is stepping up its efforts to formally regulate cryptocurrency exchanges in the city. The Securities and Futures Commission just released a newly drafted regulatory framework, which allows the securities watchdog to issue licenses to crypto trading platforms. origin »

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