FCA Extends Temporary Registrations Regime for Crypto Until March 2022
The United Kingdom Financial Conduct Authority has extended its temporary regime that would allow crypto asset businesses to continue trading while it assesses applications. The FCA pushed back the end...
Read more
U.S. Short-Sellers Record $4.5 Billion in Paper Losses
Bearish bets against the top 10 most-shorted shares in the United States have accumulated $4.5 billion in paper losses as of Wednesday, Bloomberg reported. Ortex Co-founder Peter Hillerberg said the...
Read more
Amazon to Stop Testing Employees For Weed. Backs Legalization Across The U.S.
American e-commerce giant Amazon.com Inc. said it will no longer test most of its employees for marijuana use as the company backs its legalization at the federal level. In a...
Read more
Dogecoin Soars to Two-Week High After Coinbase Listing Announcement
The price of Dogecoin jumped 21% on Tuesday afternoon as investors cheered the inclusion of the token in the Coinbase platform, according to WSJ. Dogecoin hovered near 41 U.S. cents,...
Read more
Celonis Valuation Raised to $11 Billion In Latest Funding Round
Software firm Celonis fetched $1 billion in its latest funding round to hit an $11-billion valuation, according to CNBC. Investors in the round include Durable Capital Partners, T. Rowe Price...
Read more
Mudrick Capital Disposes AMC Stake After Finding Shares ‘Overvalued’
Investment firm Mudrick Capital divested all its holdings in AMC Entertainment Holdings Inc. the same day an announcement was made on the acquisition of $230.5 million worth of shares, Bloomberg...
Read more
J&J Ordered To Pay $2.1 Billion in Compensation Over Baby Powder Suit
The United States Supreme Court denied the appeal of Johnson & Johnson on the $2.1 billion payment to women who claimed its baby powder had materials that cause cancer, Bloomberg...
Read more
Bitcoin Will Likely Be Regulated Across the Globe – Sweden Central Banker
The Riksbank Governor expressed his opinion about crypto on Tuesday. Stefan Ingves said it will be hard to avoid regulations for Bitcoin and other digital assets, due to rising popularity,...
Read more
Tech Stocks Could Decline Further as Economy Recovers, Says Deutsche Bank
Tech stocks could still decline further as the economy recovers from the coronavirus disease 2019 pandemic, Markets Insider reported. According to Deutsche Bank, the sell-off in tech stocks is more...
Read more
Court Sides With Ripple, Blocks SEC From Firm’s Legal Communications
A New York Court has blocked the Securities and Exchange Commission from gaining access to Ripple Labs Inc.'s discussions with its lawyers, CoinTelegraph reported. A ruling by Magistrate Judge Sarah...
Read more
China PMI Stabilizes in May to Signal a Possible Peak in Second Quarter
China's factory sector turned in its best in three months, a preliminary HSBC survey showed on Tuesday (23 June 2015), though overall manufacturing activity still contracted slightly. The HSBC flash...
Read more
Cannabis Farm Raid In U.K. Leads To Bitcoin Mine Discovery
West Midlands Police were expecting to find a cannabis farm in a unit in Birmingham but instead found a massive Bitcoin mine, according to CNBC. Police said they received reports...
Read more
