The revelations made by Elon Musk as well as other stakeholders present at the B-Word conference have stirred a positive reaction in the broader cryptocurrency market.
Elon Musk’s comments led to a spike in the price of cryptocurrencies especially post the one where he revealed he had plans of keeping the currencies for the long term.
Nasdaq Private Market will become standalone and will operate independently from the parent company.
Monday’s dip which represents accounts for one of the biggest drops in the Dow Jones in the past year was cushioned with the latest gains. However, the 30 stock index is still about 1.6% below its best level attained last week.
No matter how urgent and effective the proposals are, it would still take a couple of years for them to become legally binding. EU States and the European Parliament will give the final decision on the proposals.
The company will now offer a special facility where clients can use their Mastercard to conduct crypto transactions.
Bezos transitioned into the role of executive chairman of Amazon to devote more time to personal pursuits. Now, the billionaire is looking into industries other than e-commerce. One of them is space tourism.
The crypto derivatives platform FTX has registered 15x growth over the last year with a 10x revenue surge since the beginning of 2021, and a massive 75x revenue surge since its Series A funding in mid-2020.
One of the key changes that OpenSea will work towards is to enable cross-blockchain operations on its platform.
Richard Branson-owned Virgin Galactic and Elon Musk’s aerospace venture SpaceX are the other two heavyweights in the space race apart from Blue Origin led by Bezos.
Amidst China’s clampdown on cryptocurrency operations and anxiety over the virus crisis, Bitcoin has yet again witnessed a record decline in its price.
The US SEC along with some investors raised concerns over the $4 billion investment in Universal Group via the SPAC – Pershing Square Tontine Holdings (PSTH). Ackman shall now fund this investment through his Pershing Square hedge fund.
The fast spread in the Covid-19 delta variant has put concerns on the growth of the economy. The CBOE Volatility Index shot to 25 suggesting high fear among investors on Wall Street.
Robinhood is planning to release 55 million shares in the open market as it plans to reserve 20% to 35% of Class A shares for its customers.
Shares of Sumo skyrocketed over 40% on the London Stock Exchange on Monday following the news of the acquisition.