Vanguard, one of the world’s largest investment firms, has named a new CEO: Salim Ramji, who previously led BlackRock’s ETF business and helped launch its spot bitcoin ETF, IBIT in January. JUST IN: Vanguard appoints Salim Ramji as a new CEO, a former Blackrock’s #Bitcoin ETF lead. Earlier, Vanguard refused to offer BTC ETF 👀…
Company Name: DEMAND Founders: Alejandro De La Torre and Filippo Merli Date Founded: 2023 Location of Headquarters: Lisbon, Portugal and Florence, Italy Amount of Bitcoin in Treasury: “Currently being bootstrapped” Number of Employees: 2 Website: https://www.dmnd.work/ Public or Private? Private Alejandro De La Torre is deeply concerned that Bitcoin mining is too centralized, and he’s…
kool99/E+ via Getty Images Elevator Pitch Nidec Corporation (OTCPK:NJDCY) [6594:JP] is awarded a Buy rating. I wrote about NJDCY’s inorganic growth strategy in my November 26, 2023 initiation article. The focus of the current update is Nidec Corporation’s new CEO and its potential M&A deal. My opinion is that Nidec Corporation has made the right…
Stewart Sutton Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand. Despite the gradual restoration of global supply chains post-pandemic, demand for international freight delivery services to and from China stayed sluggish last year as a slowing…
BlackRock CEO Larry Fink has made bullish remarks about Bitcoin today on Fox Business, stating that their spot Bitcoin ETF, $IBIT, is experiencing unprecedented growth, making it the fastest-growing ETF ever. JUST IN: BlackRock CEO Larry Fink says their spot #Bitcoin ETF "is the fastest growing ETF in the history of ETFs." 🚀 pic.twitter.com/J6g7XrYWCU —…
Ong-ad Nuseewor CEO Optimism Abounds After a volatile 2023, CEO confidence seems to be rebounding in 2024. A number of readings on CEO sentiment, including our own Late Earnings Report Index (LERI), seem to be indicating that executives are feeling more certain about corporate growth prospects. Investor sentiment has also been improving as of late….
Parradee Kietsirikul Shares of Cytokinetics (NASDAQ:CYTK) are down 40% from early January highs as bullish investor sentiment driven by positive SEQUOIA phase 3 results of aficamten and buyout speculation waned, initially after new rumors surfaced that Novartis walked away, and more recently, after CEO Blum talked down the buyout prospects on the earnings call in…
Coinbase, one of the leading Bitcoin and cryptocurrency exchanges, experienced a significant outage today as Bitcoin’s price soared, leaving many users accounts malfunctioning. The disruption occurred amid a sharp increase in trading activity following Bitcoin’s surge in price, which briefly surpassed $64,000. JUST IN: Coinbase has reportedly crashed. — Bitcoin Magazine (@BitcoinMagazine) February 28, 2024…
Today, Jack Mallers, the CEO of Strike, has announced the expansion of Strike’s suite of Bitcoin services into several African markets. I just published Announcing Strike Africa Today, we are launching Strike Africa, expanding our full suite of #Bitcoin services into Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia with more markets to…
Founders Fund, the venture capital firm founded by billionaire Peter Thiel, has invested $100 million in bitcoin, sources exclusively informed Reuters. The firm allocated $200 million to acquire Bitcoin and another cryptocurrency, evenly split between the two. This maneuver further highlights the return of institutional investors to Bitcoin. Founders Fund, an early institutional investor in…
On-chain data shows that money from GBTC has been flowing into the newly launched spot Bitcoin ETFs amid very low fee structures. In an exclusive interview with Bloomberg Television from Davos on Wednesday, January 17, Grayscale Investments Chief Executive Officer Michael Sonnenshein defended the 1.5% management fee charged for the Grayscale Bitcoin Trust (GBTC). This…
While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices. In a recent post on Tuesday, Arthur Hayes, Chief Investment Officer of the family office Maelstrom and former CEO of BitMEX, delves into the allure of…
The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud. Legal representatives for former Celsius CEO Alex Mashinsky have filed a motion in federal court seeking the dismissal of charges related to commodities fraud and market…
In a notable statement, BlackRock CEO Larry Fink has expressed a positive perspective on Bitcoin during an interview today with CNBC, affirming that it “is an asset that protects you.” “I believe it goes up if the world is frightened, if the people have fearful geopolitical risks, they’re fearful of their own risks,” said Fink….
Teladoc Health, Inc. (NYSE:TDOC) 42nd Annual JPMorgan Healthcare Conference January 9, 2024 4:30 PM ET Company Participants Jason Gorevic – CEO Conference Call Participants Lisa Gill – JPMorgan Lisa Gill Good afternoon. My name is Lisa Gill, and I am the Head of Healthcare Services at JPMorgan. With me this afternoon, I have Teladoc Health….
Revvity, Inc. (NYSE:RVTY) 42nd Annual J.P. Morgan Healthcare Conference January 9, 2024 1:30 PM ET Company Participants Prahlad Singh – President and Chief Executive Officer Conference Call Participants Rachel Vatnsdal – JPMorgan Chase & Co. Rachel Vatnsdal Hi, good afternoon, everyone. This is Rachel Vatnsdal from the Life Science Tools and Diagnostics team here at…
Michael M. Santiago Walgreens (NASDAQ:WBA) formerly the premier retail drug store operator from the last 20 years of the 20th century (i.e. 1980s and 1990s) reports their fiscal Q1 ’24 financial results before the opening bell on Thursday, January 4th, 2024. Analyst consensus is expecting $0.63-0.64 per share in EPS, while revenue and operating income…
Nikada Elevator Pitch Hongkong Land Holdings Limited (OTCPK:HKHGF) (H78:SP) stock is still rated as a Buy. I previously reviewed Hongkong Land’s interim financial results for the first half of 2021 in my August 5, 2021 write-up. The company calls itself a “major listed property investment, management, and development group” with a portfolio of “850,000 sq….
Nikada Stock & Industry Snapshot To celebrate my first year as a contributing analyst on Seeking Alpha, I am closing out 2023 by covering one of the first stocks I covered last spring, and in one of my favorite sectors to write about, financials and banking. Some quick facts about Morgan Stanley (NYSE:MS) are that…
A Reddit user has reported that Google is unwilling to take down a video advertisement that appears to be an attempted scam targeting cryptocurrency users. Reddit users have recently uncovered a deepfake video featuring Ripple CEO Brad Garlinghouse, urging XRP holders to transfer their tokens to a specific address with the promise of receiving double…
In an appearance on CNBC today, the CEO of Grayscale Investments, Michael Sonnenshein, shared insights regarding the potential impact of a spot Bitcoin Exchange-Traded Fund (ETF) on the cryptocurrency market. Sonnenshein highlighted that a spot Bitcoin ETF could “unlock” around “$30 trillion worth of advised wealth.” Sonnenshein discussed the significance of introducing a spot Bitcoin…
GameStop gives CEO complete control to buy stocks from the company’s cash books, however, analysts have given a major red flag on this. Gaming retailer GameStop Corp (NYSE: GME) is taking a shift in its approach while allowing its CEO and chair Ryan Cohen to gain even more control in these struggling times. This includes…
After spending 11 months in custody, Legkodymov pleaded guilty to one count of operating an unregistered exchange. Anatoly Legkodymov, the former CEO of Bitzlato, a cryptocurrency exchange based in Hong Kong, has pleaded guilty to charges of operating an unlicensed money-transmitting business and facilitating the laundering of illicit funds totaling up to $700 million. According…
Testifying before the U.S. Congress today, Jamie Dimon, the CEO of JPMorgan Chase, stirred controversy by expressing his negative opinions on the Bitcoin and crypto market. The renowned banking executive stated that if he held a position in the government, he would “close down” Bitcoin and cryptocurrencies. Dimon, who has been historically critical about Bitcoin…
Booking Holdings Inc (NASDAQ:BKNG) Nasdaq 49th Investor Conference Call December 6, 2023 8:00 AM ET Company Participants David Goulden – CFO Conference Call Participants Brian Nowak – Morgan Stanley Brian Nowak All right. Thank you everyone for joining us. From day two of the 2023 NASDAQ Investor Conference. We hope it’s been a productive couple…
Anticipation is building for the approval of a spot Bitcoin ETF in January 2024. If it happens, it could bring a significant influx of at least $12 billion to $14 billion into the BTC market, potentially driving up the price. A bold Bitcoin (BTC) price prediction by CEO Adam Back of blockchain technology company Blockstream…
Jenny Johnson, the President and CEO of Franklin Templeton managing assets over $1.3 trillion, highlighted the pivotal role of tokenization in the financial sector during the Fortune Global Forum in Abu Dhabi. Following Franklin Templeton’s recent application for a Bitcoin ETF, Johnson’s remarks signify a broader recognition of blockchain technology’s potential, particularly in democratizing private…
Richard Teng announced that Binance will remain user-focused, will work closely with regulators, and collaborate with its partners to ensure seamless adoption of crypto assets and blockchain technology. After more than 18 months, Bitcoin (BTC) price has risen above $41,000 following heightened demand by institutional investors and more crypto regulatory clarity in different jurisdictions including…
Altman shared his strategic vision for the future of OpenAI. He noted that the firm will renew its commitment to research, improving its products, and better serving its customers. OpenAI CEO Sam Altman has officially returned to his role after being temporarily ousted by the company board. At the time, the board cited communication breakdowns…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In a shocking development to the international Bitcoin community, Binance founder and CEO Changpeng Zhao is…
The Coca-Cola Company (NYSE:KO) Redburn 2023 CEO Conference November 28, 2023 10:00 AM ET Company Participants John Murphy – President and Chief Financial Officer Conference Call Participants Charlie Higgs – Redburn Operator Great. Good afternoon, everyone, or good morning if you’re joining us from the US. I’m delighted to welcome today John Murphy, President and…
Today, Wyoming-based Mummolin, Inc, has announced the successful completion of a $6.2 million seed funding round, led by Jack Dorsey, also featuring prominent investors such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund, among others. This funding will fuel the launch of OCEAN, a new initiative aiming to decentralize Bitcoin…
Following his recent guilty plea and forthcoming sentencing, former Binance CEO Changpeng Zhao has outlined potential next steps, including crypto investments in biotech research. Changpeng Zhao announced his resignation as CEO of Binance after leading the cryptocurrency exchange since its inception. This news comes on the heels of a settlement with US regulators over Binance’s…
Armstrong emphasized the significant role of various crypto companies in shaping the global crypto economy and transforming the financial system, particularly noting the prevalence of smaller startups. He underscored the importance of regulatory clarity, anticipating that it would contribute to increased investment, particularly from institutional sources. Last week, the US Department of Justice imposed a…
The past several months have clarified the reality that U.S. car buyers are a lot less interested in buying battery-powered electric vehicles than automakers – General Motors Co. (NYSE:GM) prominently among them – have been counting on for the past several years. Now, another leg of GM’s growth strategy appears shaky: Autonomous robotaxis, which were…
The new Binance CEO has noted that Binance will begin operating a conventional corporate structure under his leadership. New Binance CEO Richard Teng has promised that the firm will maintain a greater commitment to transparency moving forward. Teng made this pledge in his first blog post to the company users. Mr Teng took over as…
Altman’s return could have far-reaching implications for OpenAI’s strategic direction. His previous tenure with the organization saw a strong emphasis on collaboration and partnerships with industry leaders. OpenAI has made a swift turnaround in its leadership decisions, announcing an agreement in principle for Sam Altman’s return as CEO. The announcement, made earlier today via a…
Armstrong touted Coinbase’s efforts at remaining in line with US compliance, while calling for regulatory clarity in the sector. The CEO of Coinbase Brian Armstrong has commented on Binance’s regulatory issues, particularly Changpeng Zhao’s decision to step down as CEO. The Coinbase chief took to X to explain the exchange’s decision to follow rules and ensure…
New Binance CEO Richard Teng has a rich track record in the financial regulatory environment, having worked in Dubai and Singapore for the past years. After a lengthy fight between the United States government through the Department of Justice (DoJ), and the leading cryptocurrency exchange by registered users and daily traded volume Binance Holdings Ltd,…
As part of the plea deal with prosecutors, Binance has agreed to pay the United States Department of Justice (DoJ) $4.3 billion. The chief executive officer (CEO) of Binance Changpeng Zhao (CZ) has pleaded guilty to federal money laundering charges and announced he is stepping down from the helm of affairs at the world’s largest…
The CEO of Binance, Changpeng Zhao, commonly known as CZ, is set to step down from his role from the company as he plead guilty to money laundering violations, according to the Wall Street Journal. Binance, as a company, will also plead guilty and pay $4.3 billion fine. This news arrives in the wake of the conclusion of a…
The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community. CoinLedger’s recent compilation of the ten most popular crypto entrepreneurs of 2023 showcases a mix of highly influential and controversial figures, with Binance CEO Changpeng ‘CZ’ Zhao securing the top spot. Binance CEO Changpeng…
OpenAI President Greg Brockman, a pivotal figure in the company’s technical achievements, resigned from the board on the same day as Altman’s dismissal. Following the untimely departure of Sam Altman, Emmett Shear, co-founder of Twitch, has been named as the interim CEO of OpenAI, according to reports. This move aims to provide stability during a…
The OpenAI board has been at loggerheads with Altman, thus putting the ChatGPT project in limbo as other competitive AIs like Grok from the X platform gain momentum. The initial team that founded OpenAI Inc, an American artificial intelligence (AI) research organization, has slowly been moving away and starting new competitive projects. In the latest…
Amid all the drama that’s unfolding at OpenAI, reports suggest that Sam Altman won’t rejoin the company, but rather lead the AI research team at Microsoft. Over the last weekend, some major drama unfolded at the artificial intelligence firm OpenAI upon the ouster of company CEO Sam Altman. However, sources familiar with the matter stated…
Former OpenAI CEO Sam Altman together with some of his colleagues will join Microsoft to lead its AI research team. Just a couple of days ago Sam Altman made headlines as it was revealed that he was leaving OpenAI. And now Microsoft CEO Satya Nadella has made an exciting announcement related to the future career…
OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the…
Grayscale CEO Michael Sonnenshein took to X (Twitter) Monday morning to say “it’s been a ten year dress rehearsal. we’re ready for the main event,” ahead of seemingly imminent approval for the conversion of its flagship fund into a spot Bitcoin ETF. On June 29, 2022, Grayscale filed a lawsuit against the SEC for denying its…
Garlinghouse emphasized the need for the SEC to reassess its regulatory approach, moving away from a pattern of enforcement through lawsuits. During the just-concluded Ripple’s Swell conference in Dubai, the company’s CEO Brad Garlinghouse shared his views regarding the United States Securities and Exchange Commission’s (SEC) role in protecting consumers against bad actors. In an…
CEO Durov spent $200,000 to buy Toncoin in order to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram users. Pavel Durov, the CEO of cross-platform instant messaging service has announced a giveaway of 10,000 Premium subscriptions to celebrate a new feature in the app. The Telegram app officially introduced a few new features,…