Grayscale hires ETF head to convert biggest Bitcoin fund
The company behind the largest cryptocurrency fund is building out its ETF team, despite dimming odds that U.S. regulators will ...
Tag: Bloomberg
Square deal vaults Afterpay founders to $1.8B fortunes
As a wannabe investment banker, Afterpay Ltd. co-founder Nick Molnar was told to stick to his “side hustle” of selling ...
Powell says stable coins need regulation to protect U.S. public
Federal Reserve Chair Jerome Powell said there are potential risks from stable coins and that they require regulation to ensure ...
India AI startup Fractal weighs IPO as pandemic fuels growth
India’s Fractal Analytics Inc., a provider of artificial intelligence and analytics solutions to global companies, is exploring an initial public ...
Workplace chatbot firm Moveworks reaches $2.1B valuation
Moveworks Inc., a startup that helps with employee technology support, is now valued at $2.1 billion, according to founder and ...
AI-driven hedge fund rules out Bitcoin for lack of ‘fundamentals’
A Swedish hedge fund that returned roughly four times the industry average last year using artificial intelligence won’t touch Bitcoin, ...
JPMorgan buys digital wealth firm Nutmeg for UK expansion
JPMorgan Chase & Co. agreed to buy U.K. digital wealth manager Nutmeg Saving and Investment as it seeks to expand ...
Biden will need more than $52B to counter China in chips
President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical ...
What is Fastly and why a slew of websites went offline
An outage at Fastly Inc., a cloud-based content platform that serves many leading international websites, sent swaths of the web ...
Ant gets go-ahead for consumer lending unit in sign of thaw
China is allowing Jack Ma’s Ant Group Co. to start operations at its consumer finance company, the first sign of ...
