eToro Commits $1M Stake to GoodDollar Universal Basic Income Project

Multi-asset brokerage platform eToro has made a $1 million commitment to the GoodDollar Universal Basic Income project. eToro Makes $1 Million Commitment eToro, a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of investors, announced today that it is reinforcing its commitment to opening the… Continue reading eToro Commits $1M Stake to GoodDollar Universal Basic Income Project

Tiger Global-backed startup brings $2 brokerage to Australia

SYDNEY (Reuters) – Stakeshop Pty Ltd, an online stock broker backed by tech investment giant Tiger Global, said on Monday it will launch a A$3 ($2) brokerage service in Australia, the country’s cheapest. The launch is a direct challenge to No. 1 lender Commonwealth Bank of Australia’s subsidiary CommSec, the country’s largest online and mobile… Continue reading Tiger Global-backed startup brings $2 brokerage to Australia

Intel discloses small stake in crypto exchange Coinbase

Slideshow ( 2 images )(Reuters) – Intel Corp on Friday disclosed a stake worth less than a million dollars in U.S. cryptocurrency exchange Coinbase Global Inc. The chipmaker held about 3,014 shares of Coinbase’s Class A common stock as of June 30, Intel said in a regulatory filing. The Coinbase shares would be worth around… Continue reading Intel discloses small stake in crypto exchange Coinbase

HSBC fund arm backs former Rosenberg Equities CEO in ESG start-up

LONDON (Reuters) – HSBC Asset Management, the fund arm of Britain’s biggest bank, said on Thursday it would take a minority stake in women-led U.S.-based environmental, social and governance-focused asset management start-up RadiantESG.FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard KrauseThe move… Continue reading HSBC fund arm backs former Rosenberg Equities CEO in ESG start-up

Activist fund Elliott picks up stake in takeover target UDG Healthcare

(Reuters) – Activist investor Elliott Investment Management disclosed a stake of about 3.1% in UDG Healthcare, weeks after the pharmaceutical services company agreed to be taken over for 2.6 billion pounds ($3.69 billion). Private equity firm Clayton, Dubilier & Rice (CD&R) earlier this month offered to buy UDG for 1,023 pence in cash per share,… Continue reading Activist fund Elliott picks up stake in takeover target UDG Healthcare

Low Orbit Crypto Cannon LOCC Lottery Draft Occurs Every Hour | Stake Once to Enter All Upcoming Drafts

Are you ready to blast off? The newest crypto token has just hit the market and it is out of this world! Low Orbit Crypto Cannon (LOCC) is a deflationary defi token that uses powerful and efficient smart contracts on the Ethereum blockchain. Prepare to be “propulsed” into the stratosphere with a single asset staking… Continue reading Low Orbit Crypto Cannon LOCC Lottery Draft Occurs Every Hour | Stake Once to Enter All Upcoming Drafts

Billionaire Ackman donates millions of Coupang shares to foundation, others

FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian(Reuters) – Billionaire hedge fund investor William Ackman said on Monday he donated 26.5 million shares in newly public South Korean e-commerce giant Coupang Inc to… Continue reading Billionaire Ackman donates millions of Coupang shares to foundation, others

Billionaire Ackman donates millions of Coupang shares to foundation, others

FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian(Reuters) – Billionaire hedge fund investor William Ackman said on Monday he donated 26.5 million shares in newly public South Korean e-commerce giant Coupang Inc to… Continue reading Billionaire Ackman donates millions of Coupang shares to foundation, others

UPDATE 1-Activist investor group cuts Kohl's director nominees to five from nine

(Adds details on board nominees) March 11 (Reuters) – A group of activist investors with a combined 9.5% stake in Kohl’s Corp on Thursday reduced the number of directors it plans to nominate to the department store’s board to five from nine. The group had last month nominated a slate including former executives of Macy’s… Continue reading UPDATE 1-Activist investor group cuts Kohl's director nominees to five from nine

Shale investor Dan Wilks takes active stake in NexTier Oilfield Solutions

(Reuters) – Shale investor Dan Wilks on Monday reported a 5.13% active stake in NexTier Oilfield Solutions, saying the shares of the U.S. provider of hydraulic fracturing services are “undervalued” and that he may push for a sale or other alternatives. The billionaire Wilks brothers have been acquiring stakes in hard hit services firms across… Continue reading Shale investor Dan Wilks takes active stake in NexTier Oilfield Solutions

Pfizer CEO made $5.6 million stock sale on same day as COVID-19 vaccine update – filing

The Pfizer logo is seen at their UK commercial headquarters in Walton Oaks, Britain, November 11, 2020. REUTERS/Peter Cziborra(Reuters) – Pfizer Inc Chief Executive Officer Albert Bourla sold $5.56 million worth of company shares on Monday, the day the drugmaker said its COVID-19 vaccine was 90% effective based on interim trial results, a regulatory filing… Continue reading Pfizer CEO made $5.6 million stock sale on same day as COVID-19 vaccine update – filing

Hedge fund Marshall Wace takes stake in British Airways-owner IAG

(Reuters) – Marshall Wace has picked up a 3% stake in British Airways-owner IAG ICAG.L, a Spanish regulatory filing from the hedge fund showed on Wednesday. IAG last month raised 2.7 billion euros ($3.2 billion) to reduce debt and ride out the COVID-19 pandemic, which has hammered the global aviation industry as air travel has… Continue reading Hedge fund Marshall Wace takes stake in British Airways-owner IAG

Warren Buffett looks to Japan, takes 5% stakes in five biggest trading firms

(Reuters) – Berkshire Hathaway Inc (BRKa.N) said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United States to bolster his conglomerate. In a statement on Sunday, Buffett’s 90th birthday, Berkshire said it acquired its stakes in… Continue reading Warren Buffett looks to Japan, takes 5% stakes in five biggest trading firms

Proof of Stake Alliance Approaches SEC to Improve Regulations for Blockchain Industry

Members of the Proof of Stake Alliance (POSA) have approached the US Securities and Exchange Commission (SEC) to improve existing regulations within the blockchain and cryptocurrency industry. Particularly, they want to make the SEC recognize companies dealing with the proof of stake protocol as service or infrastructure providers, according to the report from Forbes.   Eliminating… Continue reading Proof of Stake Alliance Approaches SEC to Improve Regulations for Blockchain Industry

Blackstone takes majority stake in 'Bumble' parent, values firm at about $3 billion

(Reuters) – Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and “Badoo”, valuing the company at about $3 billion, the private equity firm said in a statement on Friday. Following the deal, Andrey Andreev who is the founder of MagicLab, will sell his stake to Blackstone… Continue reading Blackstone takes majority stake in 'Bumble' parent, values firm at about $3 billion

3G Capital selling $3 billion shares in Burger King owner

(Reuters) – Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc (QSR.N) (QSR.TO) for $3 billion in the past month, regulatory filings showed. An affiliate of 3G Capital Partners Ltd is selling about 40 million shares, reducing its stake in the Burger King and Tim Hortons owner to 32.1%… Continue reading 3G Capital selling $3 billion shares in Burger King owner

Ready To Stake ETH? How To Make Money On Ethereum 2.0

Ethereum 2.0 is approaching fast, and when it finally arrives in 2020, one of the first features that it will introduce is proof-of-stake. Staking will serve the same function that mining currently serves in Ethereum 1.0, and it will give Ethereum coinholders a way to earn a return on their investment. Staking has several advantages… Continue reading Ready To Stake ETH? How To Make Money On Ethereum 2.0

Adidas slides as traders say top investor GBL plans to sell part of stake

(Reuters) – Adidas shares fell 1.5% on Wednesday on expectations that one of the German sportswear firm’s top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its stake, three traders said. Belgian investment firm GBL was placing a tenth of its 7.5% holding, or 1.37 million shares, at 257.75 euros ($292.11)… Continue reading Adidas slides as traders say top investor GBL plans to sell part of stake

Investment Firm Bets On ETH With $100m Stake

A new $100 million investment company, going under the name Darma Capital, is currently making strides with Ethereum. In fact, you could call it a gamble as the firm is betting big that the leading smart-contract platform will go on a ten-year bull run. By the end of last year, Ethereum lost around 95 percent… Continue reading Investment Firm Bets On ETH With $100m Stake

Amazon takes top stake in UK food delivery firm Deliveroo

LONDON — Amazon is investing in British meal delivery company Deliveroo, expanding its reach into food retailing. Deliveroo said Friday that it raised $575 million from investors led by Amazon. It said Amazon will become Deliveroo’s largest investor, though it did not disclose how much Amazon put in or how large a stake it acquired.… Continue reading Amazon takes top stake in UK food delivery firm Deliveroo

Prysmatic Labs Launches Ethereum 2.0 Proof of Stake TestNet

Prysmatic Labs co-founder Preston Van Loon announced the launch of an Ethereum 2.0 Proof of Stake (PoS) blockchain Testnet on May 7. While the full transition for Ethereum away from its current Proof of Work algorithm to a Proof of Stake blockchain is still over a year away, the testnet launch by Prysmatic labs represents… Continue reading Prysmatic Labs Launches Ethereum 2.0 Proof of Stake TestNet

Tron’s [TRX] Delegated Proof of Stake mechanism sets it apart from its competitiors, claims Binance report

Tron [TRX] and its slew of developments have caught the eye of several proponents in the cryptoverse, with the Justin Sun-led company claiming to be the spearhead for Web 4.0. Tron’s popularity in the world of digital assets was again asserted after Binance, the world’s largest cryptocurrency exchange in terms of trading volume, drafted a… Continue reading Tron’s [TRX] Delegated Proof of Stake mechanism sets it apart from its competitiors, claims Binance report

Unconfirmed: Disney Considers $13.2 Billion Equity Deal With Stake in Korbit, Bitstamp

Two major cryptocurrency exchanges could soon have Walt Disney Corp. as their owner if a $13 billion equity deal goes through, South Korean English-language daily news outlet The Korea Herald reported on April 17. Citing a banking industry source speaking to another publication, JoongAng Ilbo, The Korea Herald revealed the chairman of online gaming giant… Continue reading Unconfirmed: Disney Considers $13.2 Billion Equity Deal With Stake in Korbit, Bitstamp

Crypto Bank Deal: Nimiq Acquires Stake In WEG Bank AG

The cryptocurrency project Nimiq recently announced their strategic partnership with WEG Bank AG and Agora.Trade to create an innovative crypto-to-fiat bridge. This partnership has been further solidified with Nimiq announcing on the 2nd April 2019, that it had acquired a 9.9% stake in WEG Bank. We’ll explore the potential implications of the acquisition and how it… Continue reading Crypto Bank Deal: Nimiq Acquires Stake In WEG Bank AG