This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Elon Musk says that Tesla will be much more valuable in years to come despite short term challenges.
Sources familiar with the matter said that Tesla is eyeing for a 10% stake in LG Energy Solutions, which will have a separate battery division LG Chem very soon. To cut costs, Tesla is keen on working with partners who have pioneered the battery tech, instead of going indigenously.
At the time of writing, as the market opened, Virgin Galactic (SPCE) shares are 19.26% up, trading at $19.60.
According to Elon Musk, within the next seven years, he expects Tesla to produce over 20 million new vehicles per year. As he said, five years would also be enough, but under the conditions given, reaching this figure is “possible, but unlikely.”
Bitfinex will provide perpetual contracts to traders 24 hours a day seven days a week, unlike equity exchanges that are open for business five days a week.
HSBC Hong Kong shares rallied as its largest single stakeholder Ping An bought 10.8 million shares, increasing its stake to 8%.
It’s a major victory for Uber since it gets an entry into one of its biggest markets in Europe. Uber has offered assurance that it has brought major structural changes in terms of passenger safety.
There’s a mad rush of both retail and institutional investors to get their hands on Big Hit Entertainment IPO which is said to be the largest IPO in South Korea for 2020.
The shares of Semiconductor Manufacturing International Corporation (SMIC) have sunk to its four-month low following reports on export restrictions from the United States.
Amazon Prime Day has been scheduled for October 13 and 14. The e-commerce giant offers huge discounts with extra incentive to support small businesses.
As global central banks work to implement their own CBDCs, Ripple through RippleNet and XRP is eyeing to connect different global CBDCs.
The primary focus for the Nvidia-Arm deal is the fact that an American company is acquiring the globally recognized tech company, hence putting China at the direct hands of Americans.
Following the news about the progress with COVID-19 vaccine trials, Novavax shares which closed 0.86% higher on Thursday gained more than 7.33% in the pre-market.
AstraZeneca has received partial immunity from the EU in a vaccine deal. The EU has already paid €336 million at €2.5 per dose.
Amazon’s latest devices include the all-new Echo, Echo Dot, Echo Dot with Clock, the eero 6 routers, home flying security cameras, the Ring security system for cars, an update to its Fire TV Stick, as well as some other new products.