The Fundament Group said that this will be the first-ever standardized and regulated security token backed by real-estate allowing users to trade global properties without any interference from the banks.
Roth Capital analyst thinks that Tesla (TSLA) stock could trade in a range. He points out that the company needs to finds a solution to fight the margin challenges arising out of higher battery costs and the growing competition.
Robinhood, the stock trading app, has achieved a Series E valuation of $7.6 billion after a successful $323 million funding round led by DST Global, Ribbit Capital, Sequoia, NEA, and Thrive Capital.
Allegedly, Fidelity’s cryptocurrency investment arm filed an application with the New York Department of Financial Service (NYFDS) and if approved the institutional brokerage will be allowed to offer crypto-custodial services in the state.
The latest Q2 reports show that IBM’s earnings and cloud revenue surpassed the projected street view while Bitcoin plunged below $10,000 as the US Senate has a go at Facebook’s Libra.
Netflix Inc. (NFLX) stock price has dropped 10% since yesterday as the video-streaming service sees a decline in new paid subscriptions. The possible cause could be the increasing competition in the industry.
Just recently, Grayscale investments reported a record all-time high volume of assets under management. Grayscale’s assets under management now is worth approximately $2.7 billion.
Tesla (TSLA) is cutting the price of its Model 3 car and eliminating the base versions of the Model S and Model X. The company is also raising the price of full self-driving by $1,000 while the demand for Model 3 remains robust.
Just recently a Wall-Street analyst boosted his price prediction for Microsoft (MSFT) stock price amidst the company’s quarterly earnings results. Microsoft is expected to publish their quarterly earnings tomorrow, on Thursday.
Vungle, a leading mobile ad tech firm has gone through a rocky, unusual experience ever since Mary Meeker’s featured it in their 2017 report. Now instead of suffering alone, its acquisition is going to Blackstone for just $750 million.
JPMorgan expanded its S&P 500 prediction which now stands at 3,200 from initial 3,000. The new target exceeds that of popular stock market bull and Fundstrat co-founder Thomas Lee who initially set the 3, 125 level.
Peter Thiel, a Renegade Venture Capitalist billionaire tech entrepreneur and advisor to President Trump wants Google investigated for their allegedly treasonous actions in China.
According to FCC, with their Project Kuiper, Amazon wants to put 3,236 broadband satellites into orbit. There are almost 4B people in the world who don’t have access to reliable broadband internet and with this project, they intend to fill that gap.
Blockchain consortium startup R3 is said to be considering an Initial Public Offerings (IPO). Sources familiar with the report reveals that R3 is in talks with an adviser over a potential public listing.
It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra.