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Robinhood shares surged over 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the trading platform

Crypto billionaire Sam Bankman-Fried took a 7.6% stake in Robinhood Markets.FTX Crypto billionaire Sam Bankman-Fried disclosed that he owns about 56.3. million shares in Robinhood Markets. News of his 7.6% stake in Robinhood sent shares of the trading platform up over 30% in late trade. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. […]

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Tether and Luna’s Plunge Could Lead to Global Crypto Regulators

On Thursday, the chair of an international financial watchdog said that he expects there will be a global cryptocurrency regulatory body within the next year. In light of recent panicked freefall of multiple “stable” coins, we probably need one. “I would not expect that to be the same time next year. I think that [lack […]

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Pfizer Turns to Unusual Deal Structure to Buy Biohaven Drugs

(Bloomberg) — Pfizer Inc.’s $11.6 billion acquisition of Biohaven Pharmaceutical Holding Co. included a rarely used structure that could become a larger part of Big Pharma’s playbook in light of a tougher antitrust regime. Most Read from Bloomberg In the Biohaven deal, Pfizer is acquiring all of the company’s shares, according to a statement. Pfizer […]

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El Salvador’s Bitcoin Bet Is Down Bad: $37 Million in the Hole

El Salvador’s Bitcoin bet doesn’t appear to be paying off. The value of the 2,301 Bitcoin purchased by the Latin American country has now fallen by $37 million as the price of Bitcoin drops to its lowest point since December 2020. President Nayib Bukele has spent a total of $103 million on Bitcoin, according to […]

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Robinhood Shares up 30% After Crypto Billionaire Discloses 7.6% Stake

Crypto billionaire Sam Bankman-Fried disclosed that he owns about 56.3. million shares in Robinhood Markets. News of his 7.6% stake in Robinhood sent shares of the trading platform up over 30% in late trade. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. loading Something is loading. Shares in Robinhood Markets surged more than […]

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Here’s how Americans feel about rooftop solar and how it affects their house values

In order to understand the impacts of adopting rooftop solar in the United States, customer review and consumer news platform ConsumerAffairs polled 1,000 US homeowners about their views on and overall experience with solar panels. Here’s what the homeowners said. Reasons for – and against – adopting rooftop solar Homeowners who have installed solar panels […]

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Asian shares quarter weekly losses, dollar steady near 20-year highs By Reuters

©Reuters. FILE PHOTO: A man holding an umbrella looks at an electronic stock quotation board outside a brokerage in Tokyo April 7, 2015. REUTERS/Issei Kato By Andrew Galbraith SHANGHAI (Reuters) – Asian shares trimmed losses on Friday after a volatile session for US equities, while the dollar hovered near 20-year highs as investors continued to […]

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FTX chief takes stake in online brokerage Robinhood

Sam Bankman-Fried, the billionaire founder of cryptocurrency exchange FTX, has amassed a 7.6 per cent stake in online retail brokerage Robinhood, calling it an “attractive investment”. Bankman-Fried said in a securities filing he has no “intention of taking any action toward changing or influencing the control of [Robinhood]” and bought the stake purely as an […]

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Bitcoin eyes record losing streak as ‘stablecoin’ collapse crushes crypto

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, May 13 (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record […]

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Netflix Fires Major Warning Shot At Its Woke Employees With New ‘Culture Memo’

A new corporate culture memo from Netflix is ​​taking a hardline stance on attempts to silence artistic expression by warning those who are offended by the streaming service’s content that they may want to go find a job somewhere else. Variety reports that the change in Netflix’s company culture appears to be in large part […]