honglouwawa/iStock via Getty Images Shares of Regeneron (NASDAQ:REGN) have held up well despite the first quarter revenue and EPS miss. The stock is up 9% year-to-date, and it is outperforming the biotech benchmark ETFs despite the first quarter miss and the company receiving two complete response letters (‘CRLs’) from the FDA for odronextamab for the…
fatido/E+ via Getty Images Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) is an ideal biotech to keep an eye on this year. That’s because it has made advancements on several fronts in terms of possible regulatory approvals for its gene therapies. In particular, just today, it noted that the European Medicines Agency [EMA] just accepted its regulatory application…
nespix/iStock via Getty Images Outlook Therapeutics (NASDAQ:OTLK) has made significant progress in advancing the use of its drug ONS-5010, which is being developed for the treatment of patients with wet age-related macular degeneration [Wet-AMD]. The use of this anti-VEGF drug is being explored in several studies, but the company is on the right track with…
burcu onter/iStock via Getty Images Closer Stereotaxis Coverage Coming In this article I will review the “Open EP Robotic Lab” presentation Stereotaxis (NYSE:STXS) gave on March 1st in which it revealed the results from the EU Magic human trial and the March 4th Q4 earnings report. I will continue covering Stereotaxis on a quarter-by-quarter basis…
In the ever-evolving landscape of Bitcoin, changes can be hard to keep up with. As we enter into a new year, it’s important to be mindful that significant industry shifts and expansions will likely occur. The increase in regulatory measures we’ve seen over the last year is expected to continue well into 2024 and stands…
Pakistan is one of the emerging markets in Southeast Asia with a population of approximately 250 million, and a country where the majority of the population lives below the poverty line. The people of Pakistan are hopeful; many believe that good times are coming, and the country’s future is bright amid political chaos and a…
Michael Burrell/iStock via Getty Images Investment thesis: Perdoceo Education (NASDAQ:PRDO) sports an attractive valuation at just 8.4x forward P/E versus the sector median of 15.4x and has posted solid financial performance including expanding operating margins and a healthy balance sheet. However, the for-profit education industry faces intensifying scrutiny under the Biden administration over issues like…
The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services. Apple has recently made a big decision to block certain popular cryptocurrency exchange apps from its App Store in India. This choice was influenced by the increasing regulatory pressure from Indian authorities who are…
Binance reported more than $1.2 billion in assets under custody for more than 170 million users in its 2023 performance report. Leading cryptocurrency exchange by daily traded volume and registered users, Binance Holdings Ltd., has continued to build the necessary infrastructure and products to enable the next phase of web3 mass adoption. Despite the former…
CZ is not the only popular crypto figure that made it to Bloomberg’s world’s 500 richest people in 2023. Brian Armstrong had a net worth of $7.25 billion. Changpeng Zhao (CZ), the founder and former CEO of Binance, has once again made it to Bloomberg’s Billionaires Index for 2023 despite facing regulatory challenges in the…
Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore. As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block reported on Tuesday. Despite the…
Adobe’s $20 billion bid to buy its competitor Figma has been officially terminated. Last year, Adobe Inc (NASDAQ: ADBE) revealed its plans to pay $20 billion in cash and stock to acquire Figma, a popular cloud-based design platform. This would have not only increased Adobe’s market share but also its market power, which causes concerns…
By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society. El Salvador has successfully overcome a significant regulatory hurdle as it pursues the introduction of Bitcoin-backed sovereign debt instruments, referred to as “volcano bonds”. The nation’s Digital Assets Commission has provided the…
miroslav_1/iStock via Getty Images Portland General Electric Company (NYSE:POR), or PGE, is an electric utility in the northwestern corner of Oregon that generates and transmits energy to 926,000 retail customers. It was founded in 1888 as the Willamette Falls Electric Company and its territory includes some 51 incorporated cities, but the main focus is the…
Cryptocurrencies have been around for over a decade; yet, it’s only in recent years that the mainstream has recognized the full extent of their utility. Whether your business is using Bitcoin as a hedge against traditional currencies, trying to avoid the exorbitant fees charged by financial services institutions, or just looking for an efficient way…
Paxos received the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) to offer USD-backed stablecoins among other crypto services. In a bid to expand its crypto-related services in the Middle East, Paxos Trust Company LLC has announced that it has received the necessary regulatory approval to…
Ethereum (ETH) price is currently retesting a crucial support/resistance zone around $2,130 with the bulls rejuvenated for a robust bullish breakout. The second largest digital asset by market capitalization Ethereum (ETH) has attracted notable attention amid the ongoing Web3 mainstream adoption fueled by institutional investors. The recent Ethereum spot exchange-traded fund (ETH) filed by the…
Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already…
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…
Bittrex stated that the decision to cease operations was not taken lightly, acknowledging the inconvenience this may cause to its customers. Bittrex Global, one of the largest cryptocurrency exchanges in the United States before 2021, unexpectedly announced that it will cease all operations starting Monday, December 4, 2023. According to Bittrex Global’s official statement on…
Following the collapse of Terra Luna and FTX last year, the UK policymakers have committed to introducing a new regulatory regime for crypto assets and stablecoins to ensure sustainable and secure mainstream adoption. The United Kingdom policymakers have in the past year worked closely with different financial institutions and other stakeholders in formulating detailed regulatory…
Zhao’s woes and those that are related to his exchange have been largely a result of the ongoing lawsuits against them. Binance co-founder and CEO Changpeng Zhao continues to see his fortune slashed after he reportedly lost another $11.9 billion, according to the Bloomberg Billionaires Index. This brings his total fortune loss from the January…
Coinbase contends the SEC’s interpretation of what constitutes a security is dangerously broad and insupportable. In the exchange’s view, only assets conferring explicit financial rights or a stake in a business should be considered securities. The popular crypto exchange Coinbase Global Inc (NASDAQ: COIN) is locked in a major legal battle with the Securities and…
Coinbase is looking to expand its footprint in Europe amid more crypto-friendly MiCA laws that will allow it to operate in all 27 EU states under a single license. In a major move, crypto exchange Coinbase Glonal Inc (NASDAQ: COIN) has decided that it will select Ireland as its regulatory hub in the entire EU…
With Stéphanie Cabossioras’ resignation, she joins at least 10 other senior executives who have left Binance this year. Stéphanie Cabossioras has resigned from her role as executive director of Binance France, the French arm of the world’s largest cryptocurrency exchange. Her departure comes as the latest in a series of high-level exits from Binance and…
With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in the region legally. On…
SweetBunFactory Thesis revisit, still maintaining a hold rating FDA Investigation and Stock Implications Recently, BioXcel Therapeutics (NASDAQ:BTAI) has faced regulatory scrutiny with the FDA’s ongoing investigation related to the conduct of one of the TRANQUILITY II study’s primary investigators. An alarming revelation was the issuance of a Form 483 highlighting issues related to the investigator’s…
The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD). Leading cryptocurrency exchange Gemini has decided to halt its operations in the Netherlands, citing mounting regulatory hurdles imposed by the Dutch central bank De Nederlandsche Bank (DNB). The move follows the footsteps…
The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs. In a recent development, renowned stablecoin issuer Circle has intervened in the US Securities and Exchange Commission’s (SEC) case against Binance, arguing that stablecoins should not be…
Worawee Meepian At a Glance Navigating through regulatory delays and internal investment shifts, Iovance Biotherapeutics (NASDAQ:IOVA) continues to position itself as a frontrunner in T-cell therapies for solid tumors. Since my last “Hold” recommendation, the FDA’s extension of lifileucel’s Priority Review to February 2024 signaled not a roadblock but a procedural hiccup. This delay, paradoxically,…
The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem. Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an…
The Binance Coin (BNB) has recently dropped below its 200-week Moving Average, raising apprehensions regarding potential substantial declines among altcoins. Binance‘s native cryptocurrency BNB has recently come under significant selling pressure with the BNB price dropping under $210 on Tuesday, August 22. Binance Coin (BNB) has come under significant selling pressure amid the ongoing regulatory…
In response to the initial rejection, Microsoft has introduced a new proposal that both companies have mutually accepted. The terms of this agreement have been adjusted to align with the stipulations of the UK Competition and Markets Authority. Microsoft has submitted a revised agreement to the UK Competition and Markets Authority (CMA) for the acquisition…
With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers. Leading American crypto exchange Coinbase has received regulatory approval to offer eligible customers in the United States the opportunity to trade Bitcoin (BTC) and Ethereum (ETH) futures contracts. The company will serve as…
MAS said that only stablecoin issuers meeting the requirements of the newly introduced guidelines would only be considered for regulation. Singapore, a global financial hub known for its innovative approach to technology and finance, has taken a decisive step in shaping the future of stablecoins within its jurisdiction. The Monetary Authority of Singapore (MAS) has…
Binance is expanding its presence in Asia. The reports about its potential entrance into Taiwan come after the company re-entered the Japanese market last year. Leading global cryptocurrency exchange Binance is seeking a regulatory license in Taiwan to enable the company to offer crypto services in the country. According to a recent report by The Block…
The “enhanced” registration requirements will be effective from January 1, 2024. In a bid to conform to the recently finalized Markets in Crypto Assets (MiCA) regulation, France has just revised its requirements for crypto firms. The country’s financial regulator AMF revealed this on Thursday, as countries in the European Union (EU) stand in line to…
The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. On July 13, the United States judicial system through a ruling by District Judge Analisa Torres declared XRP exchanges’ sales as non-security. However, the ruling also tied the XRP institutional sales to investment contracts, thus security…
From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies. UK-based fintech Revolut has announced it is terminating all crypto services in the United States. Revolut has decided to abandon crypto in the US because of the regulatory uncertainty in the country’s crypto…
Wolterk Introduction After publishing my first article on Humana Inc. (NYSE:HUM) titled “Humana: Recent Selloff Might Present A Buying Opportunity“, this will be the second article of my three-part series where I want to start coverage of three big health insurance providers in the U.S.: Humana Inc., UnitedHealth Group (NYSE:UNH) and Cigna Group (NYSE:CI). This…
The passage of these proposed legislations marks a pivotal moment for the crypto industry as it seeks a clear and unified regulatory framework. The United States House Financial Services Committee has taken a significant step toward providing regulatory clarity to the cryptocurrency industry. On July 26, the Committee, including Reps. Jim Himes and Ritchie Torres,…
As of now, Binance retains the majority of the crypto market share despite the regulatory challenges. Binance has withdrawn its application for a crypto license in Germany, citing the changing situation in the global market and regulation. Earlier in June, reports emerged suggesting that the German Federal Financial Supervisory Authority (BaFin) declined the exchange’s license…
This is an opinion editorial by Julian Liniger, the co-founder and CEO of Relai. Bitcoin exists for a couple of reasons: As money that anyone, anywhere can use, and as a monetary good that is guaranteed not to be diluted or devalued by a central bank. But it’s also a piece of software that deliberately…
The Blockchain Association, a nonprofit organization advocating for pro-innovation policies in relation to Bitcoin, has called for an investigation into the Securities and Exchange Commission (SEC) and its approval of Prometheum Ember Capital as a Special Purpose Broker Dealer (SPBD). In a letter to the Inspector General of the SEC, the association raises concerns about…
This is an opinion editorial by Byron Donalds, the U.S. representative for Florida’s 19th congressional district, and Perianne Boring, founder and CEO of the Chamber Of Digital Commerce. There are many reasons that businesses relocate to Florida, the welcoming regulatory and tax environments and the skilled and ready workforce among them. And these are certainly…