Analysts see Bitcoin at $100,000 soon
May 8, 2025
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 moreMudrick 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 moreJ&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 moreBitcoin 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 moreTech 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 moreCourt 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 moreChina 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 moreCannabis 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 moreAustralian Tax Office Orders Over 400,000 Crypto Investors to Open Books
Crypto investors in Australia were ordered to open their books to regulators or risk facing charges, Markets Insider reported. The ATO will go after some 400,000 investors this year to...
Read moreBiden To Unveil $6-Trillion Spending Proposal on Friday
On Friday Joe Biden is set to release a proposal that would boost federal spending to $6 trillion in the coming fiscal year, WSJ reported. The proposals indicate that spending...
Read moreRipple Chief Says IPO Will Have To Wait Until SEC Lawsuit Over
Ripple Labs Inc. Chief Executive Officer Brad Garlinghouse said an initial public offering is on the table and highly likely, according to Markets Insider. Garlinghouse said the possibility of Ripple...
Read moreData Cloud Firm Snowflake Widens Net Loss To $203 Million
Data warehousing firm Snowflake Inc. widened its net loss in the first quarter of the year even as revenue posted a triple-digit climb, according to BusinessWire. First-quarter net loss stood...
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