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Markets

Crypto assets shed $800 billion in market value in a month

Crypto assets shed $800 billion in market value in a month

May 10 (Reuters) – Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets. Bitcoin, which makes up for nearly 40% of the crypto market, hit a […]

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Mobile

Gay dating app Grindr to go public in $2.1 billion SPAC deal

Gay dating app Grindr to go public via blank-check company

May 9 (Reuters) – Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm – a deal that values ​​it at $2.1 billion and features Tiga Investments CEO Raymond Zage on both sides of the transaction. Grindr said its existing shareholders would own 78% of the […]