The spread of the delta variant in East Asia and the US has resulted in the spike of the COVID-19 cases. Concerns of a slowdown in the economic recovery put markets under pressure.
The Chines fitness app and SoftBank however declined to comment on the alleged foiled IPO plans.
Bunq has successfully raised $228 million worth of external capital which according to CEO Ali Niknam will be utilized to acquire Capitalflow Group of Ireland.
The firm revealed the plans on Thursday, noting that the deal will value Circle at an enterprise value of $4.5 billion.
A group of 37 attorneys filed a case against Google over its play store fees on the Android platform allegedly stating how Google has been abusing its power over app developers.
Investors have reverted to tech stocks. Tech giants Apple and Amazon have seen a rise of over 15% in the past month,
Although China’s latest move may not come as a surprise, market analysts believe it could threaten both the IPO’s sector and the popular Chinese ADR market.
The United States of America and Kazakhstan are amongst the new havens that the majority of Bitcoin miners are exploring.
The fintech giant will list itself on London Stock Exchange in a Spotify style listing marking the first tech company to seek a direct listing in London.
Satellogic recorded $0 revenue last year, and the firm anticipates that it would change this situation with new deals producing profits.
The vaccination campaigns of the American government have yielded good dividends as attested to by the rapid return to economic normalcy on all fronts.
The OPEC+ group of oil producers have failed to reach a common consensus concerning the oil production increase for the August-December quarter as well as the extension of productions cuts to the end of 2022. Analysts predict that no conclusion will lead to a major surge in global oil price as demand surges post-pandemic.
Peter Wall, CEO of Argo Blockchain, emphasized the major developments in the crypto market since June, calling attention to the undeniable depletion in the total global hash rate.
Chinese officials reached out to the company to disclose their concerns “about Didi’s data potentially falling into foreign hands”.
CoinShares has been quite active in scaling their operations and has reported having raised £17.5 M in Q1 asset management.