Reddit, the popular social media platform, has disclosed in a Securities and Exchange Commission (SEC) filing that it has invested a portion of its excess cash reserves into Bitcoin. The social media giant revealed this today as they have applied to go public and list their Class A common stock on the New York Stock Exchange…
By providing $20 million, M&G is helping GFO-X create a properly regulated environment for safe access to crypto derivatives trading. Global Futures and Options (GFO-X), a crypto derivatives trading platform based in the UK, has announced it received a $20 million investment from the asset management arm of pensions provider M&G Plc. According to GFO-X,…
According to Floki, DWF Labs has helped the ecosystem in many ways, including assisting in listing the token on crypto exchanges to make FLOKI accessible to users from around the world. Crypto market-maker (MM) DWF Labs has acquired an additional $1.25 million worth of FLOKI tokens to support the advancement of the ecosystem. According to…
Animoca will leverage TON Play, a TON-based gaming infrastructure that allows projects to launch directly onto Telegram. Hong Kong-based gaming venture capitalist Animoca Brands has announced its strategic investment in the TON ecosystem. Following the investment, Animoca became the largest validator of The Open Network (TON) blockchain. According to emerging reports, the venture capital firm…
Vertigo3d Alibaba’s AI future – Zhipu In focus The thesis of this article is straightforward. I will argue the market has mispriced Alibaba (NYSE:BABA) dramatically. As to be elaborated on in the remainder of this article, I see several key catalysts afoot, ranging from its AI potential to the macroscopic environment. Yet the stock is…
One notable adjustment pertained to the Net Asset Value (NAV) calculations, which ARK Invest acknowledged were not aligned with Generally Accepted Accounting Principles (GAAP), the accounting standard endorsed by the SEC. Eric Balchunas, an ETF analyst at Bloomberg, recently took to the social media platform X to reveal that ARK Invest’s latest amendment to its…
Historically, the United States has relied on other countries for battery materials and components. However, a growing number of automakers and battery manufacturers are announcing plans to establish battery production facilities within the United States. The US Department of Energy (DOE) recently unveiled a $15.5 billion funding and loan package as part of President Biden‘s…
Stellar Development Foundation said that the investment in MoneyGram in growing its digital business, researching blockchain technology, and contributing in other ways. On Tuesday, August 15, cross-border payments platform Stellar announced its decision of investing in the global money-transfer company MoneyGram International. By using money from its own treasury for investment, the Stellar Foundation becomes…