Hong Kong Calls for New Tighter Rules to Allow SPACs Listing
Hong Kong on Friday suggested changing its rules to allow SPACs to list, but with stricter restrictions than other countries, according to a report by Reuters on Friday. The Stock...
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Macau Casino Stocks Shed $18 Billion as China Moves to Tighten Gambling Rules
Macau’s top gaming stocks lost $18.4 billion in market value on Wednesday after Beijing's push to increase direct supervision, according to a report by Bloomberg on Wednesday. The government officials...
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AMC To Add Ethereum, Litecoin, and BCH Payments Alongside Bitcoin, Says CEO
AMC CEO Adama Aron stated on Sept. 15 that the firm would be expanding the number of cryptos it accepts as payment methods, according to a report by CryptoPotato on...
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Cathie Wood’s ARK Cuts Down on Tesla, Boosts Robinhood
Cathie Wood’s Ark Investment Management LLC unloaded over $60 million worth of Tesla shares while boosting its Robinhood holdings, Bloomberg reported. The exchange-traded funds managed by the firm disposed of...
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Possible Default of China’s Evergrande Group Could Hit Country’s Financial System
Chinese property giant Evergrande Group will not be able to meet loan interest payments due on September 20 raising risks for the financial system of the world’s second-biggest economy, Reuters...
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Chevron Plans $10Billion Investment in Low Carbon Technologies
Chevron Corp. is stepping up spending in its new low-carbon unit, which CEO Mike Wirth sees as a viable business, according to a report by The Wall Street Journal on...
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Intuit Purchases Mailchimp in Record $12-Billion Deal
Financial software firm Intuit Inc. will purchase marketing platform Mailchimp for $12 billion to mark its biggest deal yet, the WSJ reported. The cash-and-stock deal will be funded through cash...
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Interactive Brokers Group Launches Cryptocurrency Trading for Clients via Paxos
Global brokerage firm Interactive Brokers Group (IBKR) has collaborated with the Paxos to commence cryptocurrency trading, according to a report by Businesswire on Monday. Depending on Paxos partnership, IBKR will...
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Cardano Starts NFT Minting Following Smart Contracts Functionality Activation
At least three non-fungible tokens were minted on Cardano after the platform’s shift to the Alonzo upgrade with smart contracts capability, according to a report. Haskell programming language expert Kevin...
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Chinese Tech Giants Ordered to End Practice of Blocking Competitor’s Links
China expanded its regulatory crackdown on technology giants with a fresh order for them to halt blocking links of competitors under еру threat of sanctions, Reuters reported. The Ministry of...
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VanEck Rolls Out Sustainability-Focused Muni ETF
Global investment manager VanEck on Friday launched its sustainability-focused exchange-traded fund in a bid to cash in on the growing demand for environmentally-linked assets, Bloomberg reported. The VanEck HIP Sustainable...
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El Salvador to Exempt Taxes on Bitcoin Profits for All Foreign Investors
The government of El Salvador stated that foreign investors will be exempt from taxes on bitcoin profits, according to a report by BeinCrypto on Monday. A government adviser revealed the...
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