Biden Ponders Executive Decree on Cryptocurrencies
The Biden administration is expanding its efforts to regulate the $2 trillion cryptocurrency sector through an executive order. The executive order will...
China To Ban All Cryptocurrencies As Illegal
China’s central bank declared that all cryptocurrencies transactions are illegal. The ban delivered one of the toughest blows to the crypto industry.
JPMorgan to Launch Digital Bank Chase in Britain
JPMorgan & Chase Co. is ready to launch its first retail bank in the United Kingdom.
Initially, the digital...
Silicon Valley Bank is getting into Tech Investment Banking
Silicon Valley Bank plans to hire dozens of bankers by the end of 2021 to support its newly-launched technology investment banking unit.
Swiss Luxury Hotel to Accept Crypto Payments for Bookings
The Chedi Andermatt hotel, a Swiss luxury hotel, is accepting crypto payments for hotel bookings.
The luxury residence is...
CBA Launching StepPay, Challenges BNPL Giant Afterpay
Commonwealth Bank of Australia (CBA) has set in motion its fully digital Buy Now Pay Later (BNPL) offering, StepPay. This helps CommBank...
Fintech: An Industry on the Rise in 2021
Over the past few years, fintech has become an industry to look out for in the finance world. The term fintech (financial...
OCC Conditionally Approves Charter for Paxos National Trust
Paxos, a stablecoin issuer and blockchain startup, has become the third crypto-native company to obtain a federal trust from the Office of...
JPMorgan To Launch Bitcoin Fund For Clients
JPMorgan Chase (JPM) will offer an actively managed bitcoin (BTC-USD) fund to its clients later in 2021, CoinDesk reported on April 26....
Square Inc. starts its industrial banking operations; buys TIDAL
Square Inc. announced its industrial bank, Square Financial Services, has begun operations, on March 1st, 2021. The announcement comes nearly one year...
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Supply Chain Woes Lead to Higher Post-Pandemic Costs
Supply chain woes lead to higher costs. Results from Procter & Gamble Co, Danone SA, and Ericsson show higher costs and supply chain disruptions. Therefore,...
Rent the Runway Struts into $1.7 Billion Valuation
Rent the Runway struts into a $1.7 billion valuation. This comes after its shares opened nearly 10% above their IPO price. Goldman Sachs...
EQT Ventures Backs Innovative Blockchain Startup Moralis
Blockchain application development platform Moralis raised $13.4 million in its latest seed funding round. Additionally, this seed funding round was primarily led...
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Appian Capital Advisory LLP sold two of its Brazilian mining companies to South African-based Sibanye-Stillwater. The companies, Atlantic Nickel and Mineração Vale...
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The Mexican bakery, Grupo Bimbo, has agreed on terms to enter the US popcorn industry with popcornopolis in a deal is worth...
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California Wineries, Restaurants Reveal Plans for New Normal in the Wake of COVID-19
When COVID-19 arrived in the U.S. just over a year ago it pushed California wineries and restaurants to be creative. Social distancing...
Distressed Asset Report: July 2020
As the summer heat picked up, defaults and distressed ratings cooled down.
Just two private equity-owned companies ended July...
Private Equity Industry Smashing Records With Multibillion-Dollar M&A Deals
The private equity industry is on an extensive spending spree. Major corporations such as Apollo Global Management Inc., Buyout barons Blackstone Group...
Eaze Offers Cannabis Products Delivery On The App Store
Eaze is a technology platform that enables customers to get legal cannabis delivered by friendly, background-checked drivers from local dispensaries. Eaze currently...
Scener Receives $2.1M in Seed Funding
Scener, a watch-together streaming service, received $2.1 million in seed funding round led by Seattle-based SeaChange. The platform's co-viewing movie and television...
