PayPal a-palooza for crypto markets as Bitcoin throws flash crash, but all is calm again March 31, 2021 A flash crash this morning has seen the leading cryptocurrency fall back to $58,000, though it remains up over the last 24 hours and the upward momentum already looks to be back on track.
China mulls new exchange for overseas-listed firms March 31, 2021 China is in early talks to establish a new stock exchange for overseas-listed firms as it looks to lure tech heavyweights. China has two main onshore exchanges in Shanghai and Shenzhen which have the same rules governing IPOs and non-initial listings. This is in contrast to other leading bourses including Hong Kong’s which offers waivers [...]
PayPal to allow US customers to use cryptocurrencies in online shopping March 30, 2021 PayPal is set to allow its US customers to use their cryptocurrency assets to pay online, a move that may signal a shift towards digital currencies for online shopping. Formally announcing the move later today, PayPal will allow customers to convert bitcoin, ether, bitcoin cash and litecoin into fiat currencies at checkouts, the company told [...]
Landmark moment for Visa as USDC transferred on the Ethereum blockchain by Crypto.com March 30, 2021 Landmark moment for Visa as USDC transferred on the Ethereum blockchain by Crypto.com.
BMW CEO: Timely electric cars shift will help firm compete with Tesla March 30, 2021 BMW’s ‘timely shift’ to electric cars could make its stock compete with the likes of Tesla, according to its chief executive. The German carmaker’s CEO Oliver Zipse said the firm is challenging perceptions that it is behind on electronification. “There is a perception that we took a break, but we actually didn’t take a break,” [...]
Bitcoin rebounds strongly after a tough week, refusing to drop below $50K March 29, 2021 Bitcoin shows resilience and rebounds strongly after a tough week, refusing to bow to pressure and drop below $50K.
Bitcoin has a spring in its step after weekend consolidation March 29, 2021 Bitcoin has a spring in its step after a weekend consolidation and sideways movement bring volume into Monday's market.
Banks warn of ‘significant’ losses after huge fire sale linked to Archegos March 29, 2021 A huge fire sale of individual stocks last week has seen Credit Suisse and Nomura shares plummet after warning of “significant” losses. On Friday shares in ViacomCBS and Discovery plunged 27 per cent alongside leading Chinese stocks, including Tencent and Alibaba. Over the weekend it was revealed there was a massive margin call on family [...]
A New Domaine – An Interview With Michael Baum March 27, 2021 After the IPO of his billion-dollar ‘unicorn’, Splunk, Michael Baum spent two years working on the investor side, for Silicon Valley venture capital firms. But he found it all a bit repetitive. “Every entrepreneur who walked through the door said: ‘I want you to help me create the next Splunk.’ But I thought, I’ve already [...]
Is a major dip on the cards for Bitcoin as a record $6bn of options expirations loom large today? March 26, 2021 Is a major dip on the cards for Bitcoin as a record $6bn of options expirations loom large today?