Shein’s Backers Look To Offload Shares At 30% Discount Amid Fading Hopes For IPO
Published by Benzinga The highly anticipated initial public offering (IPO) of Shein, a global online fashion giant, is facing a significant setback as investors are struggling to sell shares at a 30% discount in private market deals. What Happened: Investors…
Elon Musk Says Excess Of Regulations An Obstacle For Business In The West: ‘It’d Definitely Take A War To Change Things’
Published by Benzinga In an additional 50-minute interview shared on Wednesday, Ben Shapiro and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk spoke about multiple topics including Diversity, Equity, and Inclusion or DEI, aliens, his company SpaceX and regulations in the U.S….
Analysis-Bruised by stock market, Chinese rush into banned bitcoin
Published by Reuters By Vidya Ranganathan and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and…
2024 Crypto Predictions From Experts: ‘Accessible, Open, Secure And Structured Channels For Bitcoin’
Published by Benzinga Have you found yourself asking what the future of crypto and blockchain holds this year? If so, join the Benzinga Crypto and Blockchain Outlook in 2024virtual event at 11 a.m. ET on Thursday, Jan. 25. This webinar…
9 Bitcoin ETFs including BlackRock bought over 100,000 BTC in the past week
Increased inflow, but outflow from GBTC is causing selling pressure Excluding Grayscale’s GBTC, nine Bitcoin spot ETFs, including BlackRock, currently hold and manage 109,221 (approximately $4 billion) of virtual currency BTC. For simple comparison, MicroStrategy currently holds 189,150 BTC. The…
Bitcoin does not respond to China’s 2 trillion yuan market stimulus plan | CoinDesk JAPAN
Chinese authorities are considering market stabilization measures worth 2 trillion yuan (approximately 40 trillion yen, equivalent to 1 yuan = 20 yen) to revive the sluggish stock market. The impact of this plan, which boosted markets in Hong Kong and…
1 in 10 US workers belong to unions − a share that’s stabilized after a steep decline
Members of the faculty union of the California State University system walk a picket line in December 2023. Frederic J. Brown/AFP via Getty Images CC BY-ND The share of U.S. workers who belong to a union fell slightly to 10%…
Mt.Gox will send notice to creditors regarding virtual currency repayments
Virtual currency repayment MtGOX, a cryptocurrency exchange that went bankrupt in 2014, was reported to have sent an email to its creditors regarding payment in virtual currency. Mt.Gox explained that it was able to confirm that the recipient of the…
FTC Orders Maker of TurboTax to Cease “Deceptive†Advertising
by Justin Elliott and Paul Kiel ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. The Federal Trade Commission has ordered the maker of TurboTax to stop…
Coinbase stock falls after JP Morgan downgrades to underweight – Disappointing Bitcoin ETF is to blame | CoinDesk JAPAN
The launch of a physical Bitcoin exchange-traded fund (ETF), which was a major positive for the crypto market last year, could reverse in 2024 and disappoint investors. JPMorgan pointed this out in a research report on the 22nd, downgrading the…