A Chinese fund manager has touted its fund’s cryptocurrency exposure in an effort to draw investors amid a historic bitcoin boom, even as Beijing maintains a hostile stance towards the digital assets. A fund advertisement that read “Cryptocurrencies soaring, start investing with 10 yuan” was spotted on Alipay, Chinese fintech giant Ant Group’s mobile wallet … Read more
The Ripple-affiliated XRP prices blasted off to reach multi-year highs of $2.47 per token before receding to $2.38 on December 2, the highest since $1.61 in May 2021. With a market capitalisation of $136 billion, Ripple XRP price predictions reached as high as $4.804 from analysts, including Javon Marks, much higher than the token’s record … Read more
Last Updated:November 30, 2024, 23:43 IST On November 20, 2024, the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint in the New York district court against Gautam Adani. Gautam Adani was addressing the 51st Gem and Jewellery Awards. (PTI) Coming out in public … Read more
The US Securities and Exchange Commission (SEC) approved America’s first round-the-clock national securities exchange yesterday, according to a press release. The 24X National Exchange will be set up in two phases. The first stage, expected to be implemented in the second half of 2025, would enable trading of US-listed shares between 4 a.m. and 7 … Read more
Bitcoin prices have jumped by a whopping 40% since the US presidential election and are within striking distance of reaching the $ 100,000 mark, hovering above $99,000 on November 22. The digital token received a further boost as Trump fulfilled his campaign pledge to replace US Securities and Exchange Commission chair Gary Gensler, a move … Read more
WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries in mainland China – did not provide the amount of money it aims to raise from the Nasdaq listing, according to its filing with the US Securities and Exchange Commission on Friday. The company, which … Read more
Shein confidentially filed papers with Britain’s markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year. The China-founded company, which was valued at US$66 billion in a fundraising round last year, began to explore a listing on the London … Read more
Warren Buffett’s Berkshire Hathaway is going heavy on oil and gas exploration and production company Occidental Petroleum (NYSE: OXY), having bought 7.26 million shares of the company at prices hovering around $60 since June 5, according to the Omaha-based company’s latest Form 4 filings with the US Securities and Exchange Commission. Buffett now holds 255.28 … Read more
Former Microsoft CEO and philanthropist Bill Gates has used his wealth to create a unique art collection over the decades. In 1998, he purchased Winslow Homer’s “Lost on the Grand Banks” masterpiece for $36 million, a then record buy. Gates’ most intriguing addition to his artefact collection could be Leonardo da Vinci’s handwritten scientific journal, … Read more
