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Uber is One Of the Worst Performing IPOs in Last 40 Years
Coinspeaker Uber is One Of the Worst Performing IPOs in Last 40 YearsUber went public Thursday night at $45 a share, which was near the low end of its expected range. The pricing gave the company an initial valuation of $75. дальше »
2019-5-11 12:56 | |
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How toxic company culture is derailing billion-dollar M&As
Reputation always matters, but rarely more than in large M&A deals. With M&A worth $3 trillion a year across the US and Europe, even a small reputational issue can cost billions if it makes the difference between a deal taking place or being scuppered. дальше »
2019-5-10 08:30 | |
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OneCoin sued by former investor over multi-billion dollar fraud
OneCoin, a controversial cryptocurrency issuer accused of running a $4 billion pyramid scheme, has been sued by a former investor over her losses. A request was also made for class-action status to be granted for the suit to include other plaintiffs who say they were scammed. дальше »
2019-5-9 13:11 | |
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Bitfinex Parent Company iFinex Plans Crypto Derivatives and IEO Platform
iFinex, the parent company of Bitfinex has gone ahead to publicize their plans of the IEO, an initial Exchange Offering that is aiming to raise about $1 billion. The company has also shared some details on their ideas, just to give their investors a sneak peek of what they should expect. The company is working […] дальше »
2019-5-9 08:43 | |
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Lyft Conceals Key Data to ‘Avoid Investor Confusion’ as Stock Withers
By CCN: Lyft’s first earnings report was downright ugly, and not just because the company lost $1 billion in a single quarter. Investors expected a less-than-stellar balance sheet, but it was the backhanded slap in the face a company executive delivered to investors that leaves questions about the rideshare darling’s transparency. дальше »
2019-5-9 01:10 | |
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Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work
In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin. дальше »
2019-5-8 20:07 | |
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Bitfinex Releases Update on Its $1 Billion Initial Exchange Offering
The embattled crypto exchange, Bitfinex published the official whitepaper for its LEO token sale project earlier today, May 8. The token sale project is expected to raise $1 billion for the company that also announced that it would be launching a platform dedicated to raising funds for similar IEOs. дальше »
2019-5-8 18:59 | |
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Bitfinex Releases White Paper for LEO Token Sale
Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO). дальше »
2019-5-8 18:33 | |
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Bitfinex Officially Releases White Paper for $1 Billion IEO
Coinspeaker Bitfinex Officially Releases White Paper for $1 Billion IEOBitfinex operator iFinex has issued a white paper for a USD 1 billion initial exchange offering (IEO). Per a release, the company says it will issue 1 billion LEO tokens through Unus Sed Leo, a company based in the British Virgin Islands. дальше »
2019-5-8 13:59 | |
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Bitfinex officially releases LEO whitepaper; token offered for USDT to raise $1 billion
Just as the market was starting to recover from New York Attorney General’s report on Bitfinex’s $850 million cover-up, Bitfinex decided to remedy their ordeal by issuing a $1 billion token offering. дальше »
2019-5-8 10:10 | |
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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings
Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend. дальше »
2019-5-7 01:42 | |
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Bitfinex Plans to Recover Missing Money With $1 Billion Token Sale
Just over a week ago, Bitfinex faced accusations of lost funds and charges of a cover-up. Now, its parent company, iFinex, is planning to temporarily recover those funds through a token sale and buyback. дальше »
2019-5-6 17:48 | |
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Bitfinex Releases White Paper to Conduct $1 Billion Initial Exchange Offering (IEO) to Cover Frozen Funds
The cryptocurrency exchange Bitfinex will be conducting an Initial Exchange Offering (IEO) that aims at raising $1 billion. The intention is to use the funds to provide liquidity to the company. Some funds were frozen by authorities in different countries, including Poland, Portugal and the United States. Bitfinex Wants To Gather $1 Billion Bitfinex is […] дальше »
2019-5-5 23:25 | |
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Tesla Issues Veiled Threat to Staff: Keep Quiet or Face Elon Musk’s Wrath
By CCN: Billionaire Elon Musk is in the middle of raising $2. 7 billion in fresh capital from the market through a series of stock offerings. So now would be a very bad time for someone at the company to pop out of Tesla and say something that’s not to Musk’s liking. дальше »
2019-5-5 22:00 | |
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Only an Idiot Would Use Facebook’s Shady Cryptocurrency
By CCN. com: In its neverending conquest to take over the world, Facebook is building a network of online merchants and financial institutions to support its secretive new cryptocurrency. The Wall Street Journal reports that Mark Zuckerberg’s war machine is looking for $1 billion to fund the secretive stablecoin project, Project Libra, and is talking with heavyweights like Visa and Mastercard to get that cash. дальше »
2019-5-5 21:15 | |
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‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale
New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds. дальше »
2019-5-5 18:49 | |
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Elon Musk: Tesla Con Man Betrays Lack of Faith in Cratering Company
By CCN: The frustrating thing about con artists is that they just keep fleecing suckers until the liquidity dries up. In the case of Elon Musk and Tesla, it appears that there is still an ocean of suckers out there. дальше »
2019-5-4 17:15 | |
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Musk: Tesla Will Grow to $500 Billion Due to Its Self-Driving Tech
Coinspeaker Musk: Tesla Will Grow to $500 Billion Due to Its Self-Driving TechElon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion. дальше »
2019-5-4 13:45 | |
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Elon Musk: Tesla Will Grow to $500 Billion Due to Its Self-Driving Tech
Coinspeaker Elon Musk: Tesla Will Grow to $500 Billion Due to Its Self-Driving TechElon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion. дальше »
2019-5-5 13:45 | |
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Don’t get Excited about Court’s Show Cause Order in Bitfinex-Tether Case
According to the latest revelations, as of April 30, the USDT stablecoin is only about 74 percent backed by fiat equivalent, stated issuer’s general counsel. On Tuesday, Tether’s general counsel Stuart Hoegner wrote in an affidavit that the company behind USDT holds about $2. дальше »
2019-5-4 02:15 | |
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Delusional Elon Musk Predicts Tesla Stock Will Race to $2,900
By CCN: Elon Musk is well-known for making tall claims to drive Tesla stock higher. From promising full self-driving cars in just over a year to deploying millions of robotaxis, Musk has been in overdrive mode to save his company’s stock price from crashing after a horrifying quarterly report. дальше »
2019-5-3 18:48 | |
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Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report
By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. дальше »
2019-5-3 04:39 | |
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Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly
By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call. дальше »
2019-5-2 18:06 | |
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Crypto Hacks Are on Track to Eclipse $1 Billion in Lost Funds This Year
Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts. дальше »
2019-5-3 17:40 | |
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AP Company, Constructing Blockchain based Decentralized Mileage Unifying & Sharing Platform
Everyday consumers save various mileage points in market activities such as airline mileage, credit card points etc. Every platform says the user can use the saved points like cash, but it doesn’t make sense. дальше »
2019-5-2 14:33 | |
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Ripple Releases 1 Billion XRP ($309 Million) from Escrow
Ripple has released one billion XRP worth about $309 million from its escrow account at the start of May 2019, according to Twitter user Whale Alert. In a recently released Q1 2019 performance, the company revealed total XRP sales of $169 million between January and March 2019. дальше »
2019-5-2 14:00 | |
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Markets Update: Crypto Prices Recover as Bitcoin Cash Leads the Charge Again
On April 25, cryptocurrency markets tumbled after the controversy between the New York Attorney General’s (NYAG) office, the stablecoin company Tether, and Bitfinex exchange. Since then, prices have slightly recovered and the entire cryptoconomy regained $4. дальше »
2019-5-1 17:45 | |
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Controversial stablecoin Tether is only 74 percent backed by cash (and other assets)
Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2. дальше »
2019-5-1 13:19 | |
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Apple’s big services push is starting to pay off
Gone are the days when iPhones used to be the center stage of Apple’s quarterly results. Make no mistake, it is still the biggest money maker for the company, but the word “iPhone” appears just once in the Q2 earnings press release, as if it’s a mere afterthought. дальше »
2019-5-1 11:34 | |
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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. дальше »
2019-5-1 01:22 | |
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Iceland: Debit Card Company Fined $9.85 Million for Blocking WikiLeaks Payment
Iceland-based debit and credit card company Valitor has been ordered to pay $9. 85 million (1. 2 billion Icelandic Krona) for illegally blocking payments to WikiLeaks in 2010, reports local media outlet The Reykjavik Grapevine, April 25, 2019. дальше »
2019-4-30 16:00 | |
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Even the Galaxy S10 couldn’t save Samsung from a 60% drop in profits last quarter
When Samsung issued its guidance earlier this month, it predicted a decline in operating income by a whopping 60 percent, the company’s biggest decline since a similar drop in the third quarter of 2014. дальше »
2019-4-30 09:58 | |
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‘Japan’s Warren Buffet’ Loses $130 Million in Bitcoin
One of Japan’s most infamous entrepreneurs, Masayoshi Son, lost USD $130 million during the Bitcoin correction that occurred in 2017. Masayoshi Son was dubbed “Japan’s Warren Buffet” in an opinion piece posted by Nikkei Asian Review. дальше »
2019-4-29 21:00 | |
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Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal
On Thursday, the cryptocurrency market took a major hit, dropping more than $10 billion in market cap following allegations surrounding Tether (USDT). According to a press release officially published on the New York Attorney General website, iFinex Inc which is the company behind Bitfinex crypto exchange and Tether Limited, covered up a loss of $850 […] The post Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal appeared first on ZyCrypto. дальше »
2019-4-27 09:00 | |
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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »
2019-4-27 01:30 | |
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Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck
By CCN: The stock price of Ford Motor Company leaped by a staggering 10. 7 percent on Friday, allowing the company to achieve a $41 billion valuation and overtake upstart competitor Tesla in total valuation. дальше »
2019-4-27 01:04 | |
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Uber IPO Hype Machine Sputters as Stock Pricing Exposes True Valuation
By CCN: The Uber IPO is one of the most anticipated stock market debuts of the year as the ridesharing company plans to raise $10 billion, but the company’s amended S-1 filing suggests that it won’t be anything more than a damp squib. дальше »
2019-4-27 19:34 | |
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SoftBank Inks $1 Billion Partnership Deal with Wirecard
Wirecard, a German internet technology and financial services company, has inked a strategic partnership deal that will see SoftBank Group Corp. , a Japanese multinational conglomerate, invest over $1 dollars in the form of convertible bonds in the former. дальше »
2019-4-26 14:00 | |
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Amazon’s Revenue Is Roughly Half that of Walmart, AMZN Stock Yawns
By CCN: Amazon’s stock is flat in after-hours trading after the company destroyed earnings estimates, beating them by a sizable amount – more than 50%. Amazon continues to conquer the world with nearly $60 billion in revenue in the first quarter alone, skyrocketing 17% from the comparable quarter last year. дальше »
2019-4-26 03:34 | |
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Mario Kart Tour could be Nintendo’s biggest smartphone win
Nintendo is preparing to offer up its next mobile game, and rumor has it the company is hoping this one will be a gold mine. Given the franchise it’s from — and what Nintendo has done adapting its less well-known series — it probably will be. дальше »
2019-4-25 20:11 | |
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3M Stock’s Collapse Deals Vanguard a $10 Billion Catastrophe
By CCN: 3M stock (MMM) plunged by 11 percent on Thursday after the $112 billion company unveiled disastrous first-quarter earnings, drastically slashed its full-year guidance, and announced that it would hand out pink slips to 2,000 employees as part of a radical restructuring plan. дальше »
2019-4-26 18:05 | |
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Facebook sets aside billions to pay its way through privacy issues
Facebook may be reeling from a string of privacy disasters, but in terms of sheer usage, the social network continues to be unstoppable in its quest for growth. And in its latest earnings report, the company has revealed that it’s happy to throw money at anything that stands in its way. дальше »
2019-4-25 12:59 | |
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Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe
By CCN: Facebook’s stock ran up 7. 5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3. 1 billion to $15. 08 billion, which exceeded estimates. дальше »
2019-4-25 05:16 | |
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‘Tesla Blows’: Elon Musk’s Joke Haunts Him in Mind-Numbing Q1 Miss
By CCN: Tesla’s first-quarter earnings miss was about the size of the Grand Canyon. Yet, investors are not punishing Tesla’s stock. Far from it, in fact, as TSLA shares are currently meandering in and out of positive territory in after-hours trading. дальше »
2019-4-25 02:35 | |
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French Investment Giant Issues 100M Euro Bonds On Ethereum
French financial titan Societe Generale, a multi-national investment bank and financial services company, has just announced the issuance of covered bonds on the Ethereum blockchain. The company, whose annual revenues approach €24 billion, is to release 100 million EUR in bonds issued as a security token offering (STO) registered through Ethereum. дальше »
2019-4-25 23:26 | |
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Facebook Scandals Could Hit Hardest Yet with First Profits Fall Since 2015
By CCN. com: Facebook’s annus horribilis looks like it will continue unabated, with the social media giant likely to experience its first quarterly drop in earnings since 2015. Despite recording a $3bn turnover increase, analysts expect the company to report a profit reduction from $5 billion in Q1 2018 to $4. дальше »
2019-4-23 11:35 | |
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