Alibaba billionaire Jack Ma dethroned as China’s richest man March 2, 2021 Alibaba founder Jack Ma has been dethroned as China’s richest man after disappearing from the public eye late last year, according to multiple media reports in China. The billionaire and Ant Group founder lost the title after his empire was placed under heavy scrutiny by Chinese authorities following challenges to fintech regulators he made in [...]
Will pressure on Chinese tech firms spark renewed interest in value stocks? February 26, 2021 The flotation of Ant Group in December last year was supposed to be a landmark event. The initial public offering (IPO) was set to raise $37 billion, valuing Ant at over $313 billion and making it the biggest IPO ever. It was due to list in Hong Kong and Shanghai, rather than having a US [...]
Volatility strikes again – markets take overnight battering, though is rebound already on cards? February 26, 2021 Bitcoin is now looking down the barrel of only its third double digit weekly loss in the last 11 months - but is a rebound already on the cards?
Digital health firm Babylon mulls $4bn US stock market float February 24, 2021 Babylon is said to be weighing up a US initial public offering that could value the health app at $4bn (£2.8bn). The digital health firm, which offers remote consultations with doctors, has been approached by several bank cheque firms about going public via a Spac deal, Bloomberg reported. The London-based company is also thought to [...]
Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for crypto markets February 24, 2021 A glance at the crypto world as we unpick the recent drama of the markets.
Crypto market pressure valve vents? Major correction for crypto, while flash crash on Kraken sees ETH fall to $700 February 23, 2021 Crypto at a Glance It may have been a weekend of landmark moments and celebration, but this week has unfortunately kicked off with Bitcoin setting the wrong kind of records. The leading cryptocurrency yesterday traded within a record-setting $10,877 range – plummeting from its all-time highs above $58,000 set over the weekend. This marks the first [...]
Is technology a new asset class? February 23, 2021 With Covid-19 accelerating digitalisation, the question facing many companies is no longer whether technology is important, but just how important? What percentage of their time should a bank or retailer’s top executives spend thinking about technology? How much investment should a company make in tech? What weighting should institutional and retail investors give the sector? [...]
Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still loving crypto February 22, 2021 A round-up of today's crypto world as Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still loving crypto.
BNB flips Tether – until the Tether mint goes brrr? February 19, 2021 BNB heads skywards again - pushing up 40% to kick Tether off third spot as it eyes up Ethereum.
Bitcoin surge continues as BNB tears up ranks – is Tether in its sights next? February 18, 2021 Not content with bashing through $50,000 like a gorilla through a birthday cake, Bitcoin continues to surge.