equity
Bitcoin Could Rally Towards $75,000 “Very Quickly,” says Equity Strategist
Matt Maley, the equity strategist at leading institutional trading firm Miller Tabak + Co, believes Bitcoin could rally towards $75,000 “very quickly” based on some chart patterns.
Ripple Invests in MoneyGram Equity Honoring Commitment to Accelerate and Expand On-Demand Liquidity
MoneyGram has announced that Ripple has made the final 20 million dollar investment in MoneyGram equity pursuant to the original $50 million equity investment commitment made earlier this year.
Goldman Sachs and Citigroup Perform the First Equity Swap on Blockchain
Traditional equity swaps have to be continuously updated for multiple variables. These include different interest rates, end-of-day market prices, and corporate actions like stock splits and dividend payments. Financial institutions need to hire many people to verify the process until the swap completion, which in some rare cases, could take months.
INX to Tokenize and List Casper Labs Equity on Regulated ATS Platform
INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced on July 19, 2023, that it will tokenize and list the equity of Casper Labs, a leading enterprise blockchain software provider.
Google Makes $1B Equity Investment in CME Group, Both Firms Chart a Decade Long Partnership
Search engine and cloud service giant Google has invested the sum of $1 billion to take up a non-voting equity stake in CME Group.
Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.
AI : Experts Predict Human-Level Intelligence Within Decades
A 2023 Oxford University survey forecasts a 50% chance of AI surpassing human performance in a decade, potentially reshaping jobs and industries by 2116. This rapid AI development calls for equitable access and bias mitigation.
Elon Musk Refutes xAI's $500 Million Investment Claims Amid Valuation Speculations
Elon Musk denies Bloomberg's claims of his AI company, xAI, securing $500 million toward a $1 billion goal and discusses a $15-20 billion valuation. Musk refutes these reports as inaccurate.
MicroStrategy's Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
Adam Cochran discussed MicroStrategy's financial quandary due to its 2025 and 2028 convertible notes amidst its extensive Bitcoin holdings. Failure to address the 2025 note could lead to a 15% equity dilution, while refinancing could spike yield rates. Options like leveraging Bitcoin or selling it to cover debts were explored, with the latter potentially causing a dip in market confidence. Cochran hinted that the year-end decisions could significantly impact how MicroStrategy navigates its debt come 2024.
Alpaca Debuts Private Equity Real Estate
Alpaca, a New York-based alternative investment firm, has launched a private equity real estate platform, Alpaca Real Estate (ARE), led by Daniel Carr and Peter Weiss. The platform, with significant backing from GCM Grosvenor, aims to leverage technology and operational strategies to enhance real estate investment returns amid current market dislocations.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
Oman Government Buys Equity Stake In U.S Bitcoin Miner Crusoe
Oman Investment Authority increased investments in the U.S. firm as part of efforts to solve glaring concerns in the country.
David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash
David Rubenstein remained bullish on cryptocurrencies, stating that the burgeoning asset class is not going away any time soon. Rubenstein said that there is an appetite for cryptocurrencies, thus serving as an alternative to the current traditional financial system.
Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley
The issuance of new shares is meant to help Iris Energy strengthen its capital base to support its Bitcoin mining operations amid the market downturn.
FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto.
Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook
There's a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively.
Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends
Dragonfly’s 2023 Crypto Compensation Report unveils key trends in salary, equity, and token packages across the crypto industry.
China Has Kickstarted the Experimentation of a Blockchain Pilot in its Equity Trading Industry
The China Securities Regulatory Commission (CSRC) has kickstarted the experimentation of a blockchain pilot for the equity trading industry in the country. Announced by the Beijing Local Financial Supervision and Administration, CSRC will be assisting the Beijing Equity Trading Center for the blockchain pilot.
Blockchain Infrastructure Provider Tatum Secures $41.5M Funding
Blockchain as a Service (BaaS) provider, Tatum has landed $41.5 million in funding, receiving the needed capital backing to expand its business offerings
KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain
KKR plans to tokenize part of its second Health Care Strategic Growth Fund to expand individual investors’ access to private investment vehicles.
US SEC Approves Volt Equity’s ETF, Allowing Investors to Gain Exposure to Bitcoin
US investors seeking diversification to the cryptocurrency market will be able to buy the Volt Equity’s ETF that offers exposures to public companies holding Bitcoin.
MicroStrategy CEO Says the Software Firm Is Considering Equity or Debt Financing to Purchase More Bitcoins
MicroStrategy CEO Michael Saylor has said that he is considering issuing more debt to enable the company to buy more Bitcoins. He stated that it makes sense to purchase as much of the asset class as they can.
Ripple Investor’s Request to Recuperate Its $175M Stock Investment Is Denied by the Court
The Delaware court has ruled that Ripple shareholder Tetragon will not be able to reclaim its Ripple equity in cash.
Crypto Wallet and Data Giant Reported to Raise $50M Funding Round
According to a report by Yahoo Finance, Blockchain is raising a VC fund to invest in both equity and crypto coins.
VanEck, SolidX Bitcoin ETF Proposal Withdrawn by CBOE from SEC Review
On September 17, the US Securities and Exchange Commission (SEC) officially announced that the Chicago Board Options Exchange’s (CBOE) Equity Exchange had withdrawn its application for the VanEck/SolidX bitcoin ETF proposal on September 13.
Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector
The Shenzhen Stock Exchange, also known as the Shenzhen Stock Connect, has signed an agreement with the Guangdong Equity Exchange to jointly work on further developing the use of blockchain technology in the capital market sector.
Shanghai High Court Pilots Blockchain Technology to Record Hearings for Court Reform
Shanghai’s high court has started using blockchain technology to record hearings as part of its court record reform pilot. During the meeting on the reform of court records, participants took part in observing the whole process of the court trial of a dispute over the equity transfer contract heard by the Shanghai Minhang District People’s Court.
Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project
Singapore’s state investor, Temasek Holdings has officially been named a member of the Facebook-backed digital currency project Libra. Temasek as a portfolio value of 313 billion Singapore dollars (roughly $219 billion), making it one of the more prominent backers of Libra. The Libra Association, an independent group based in Switzerland has also welcomed crypto investor Paradigm and Slow Ventures, a private equity firm.
Paxos—How the Global Financial Crisis Inspired the Creation of the NYDFS-Regulated Stablecoin
Charles Cascarilla is the CEO and co-founder of Paxos, a financial technology company working to modernize the financial system by digitizing and mobilizing assets. A traditional hedge fund manager and equity investor, Cascarilla was able to recognize the power of blockchain and the function it could have in revolutionizing the way trade is conducted and settled.
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.