Author: Journalist
The saga of MicroStrategy reads like financial fiction brought to life. Its improbable resurrection from near-bankruptcy, its audacious pivot in August 2020 from software vendor to bitcoin maximalist, the thorny legal entanglements, its messianically charismatic leader, its once-in-a-generation stock price performance — all of it defies belief. Lay on its issuance of prodigious amounts of stock and convertible debt, and the tsunami of stock selling by insiders, and the story gets even wilder. See our previous coverage for a recap. And the beat goes on. Last month, the company wowed Wall Street by rolling out its fifth convertible of the…
Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.Jane Street and Millennium Management have settled a trade secrets lawsuit over allegations of a stolen trading strategy. The parties said in a court filing on Thursday that the case had been dismissed. Millennium confirmed a settlement had been reached but declined to comment on the details. A Jane Street spokesperson said the case had been “resolved on mutually agreeable terms”.The case, brought by Jane Street in April, was a rare instance of a public spat between two highly private firms whose…
Getty ImagesHaliey Welch, known mostly as the star of the viral “Hawk Tuah” meme, is facing criticism after her newly launched cryptocurrency nosedived in value.Her “Hawk” digital coin hit a $490m market cap shortly after it launched on Wednesday, before suddenly losing more than 95% of its value within hours.This has led some, including YouTube cryptocurrency investigator Coffeezilla, to accuse Ms Welch of scamming investors with a “pump and dump” – where the people behind a coin hype up its price before launch, then sell it for profit.She has denied allegations that her team sold any of the tokens they…
Listen to the article 12 min This audio is auto-generated. Please let us know if you have feedback. The 2024 proxy season saw another increase in the number of environmental and social shareholder proposals that reached a vote, though support continued a downward trend. However, an increase in support for governance-related proposals buoyed overall shareholder proposal support. After environmental and social proposals saw a record 33.3% average support in 2021, such proposals only garnered 16.2% support in the latest proxy season, Diligent Market Intelligence, a platform that provides clients with ESG data and analytics, reported earlier this year. The increase…
What price will the United States of America have to pay after China has banned exports of rare minerals and other key items? Is this the tipping point in trade conflict between the two biggest economies?China has banned exports of key materials used to make a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners to the United States. China swiped back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce advanced computer chips, marking the latest escalation of trade tensions between two of the biggest…
Bitcoin has suddenly plummeted after breaching $100,000 for the first time this week—with traders closely watching Elon Musk’s latest moves. Unlock over $3,000 in NFT, web3 and crypto perks — Apply now! The bitcoin price has surged 120% since the beginning of the year in a Wall Street-led rally that could be about to spread to other, smaller cryptocurrencies. Now, as the bitcoin price braces for another MicroStrategy bombshell, the chief executive of Wall Street’s biggest market maker just flipped bullish on the bitcoin price, admitting it was a mistake not to buy in sooner. Sign up now for the…
Donald Trump appoints former PayPal exec to lead US crypto and AI policy.David O. Sacks has been a long-time supporter of cryptocurrencies.It’s the latest of Trump’s pro-crypto cabinet picks.President-elect Donald Trump is stacking his cabinet with pro-crypto heavyweights, aiming to make the US the “crypto capital of the planet.”His latest pick, David O. Sacks — a former PayPal chief operating officer and early Bitcoin advocate — will serve as Trump’s crypto and artificial intelligence czar.And industry pundits were quick to applaud the announcement.“David’s a multiple-time tech founder with huge successes,” said Tyler Winklevoss, co-founder of crypto exchange Gemini. “He was…
Today, the world’s largest cryptocurrency exchange, Binance, announced the listing of two new tokens – Across Protocol (ACX) and Orca (ORCA), with seed tag applied. The listings are set to commence trading today, on Dec. 6, 2024, with the trading pairs AACXUSDT and OORCAUSDT.Deposits for both tokens are now open in preparation for trading. The seed tag signifies that these tokens represent innovative projects with potentially higher volatility and risks compared to more established assets. What are those?Across Protocol is an Ethereum-based optimistic insured bridge, designed to facilitate seamless token transfers between Ethereum Virtual Machine (EVM) networks. It operates via a decentralized network…
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Today, the world’s largest cryptocurrency exchange, Binance, announced the listing of two new tokens – Across Protocol (ACX)…
Experts discussing the importance of corporate governance at the forum The event, supported by VIR as its media partner, aimed to enhance transparency and attractiveness in Vietnam’s financial and securities markets, particularly as the country prepares for a potential stock market upgrade in 2025. The forum highlighted the critical role of corporate governance in driving sustainable development and meeting the growing expectations of global investors. As demands for effective governance tied to Environmental, Social, and Governance (ESG) standards continue to rise, businesses are under increasing pressure to adopt international best practices. “Improved governance frameworks are not just about meeting regulatory…