Cryptocurrencies Cardano (ADA) and TRON (TRX) sank on Wednesday, following a decision by online trading platform eToro to delist the digital coins on its platform — a move that left crypto market watchers flummoxed. TRON tumbled by over 5% on the day, while Cardano has sold off by over 8%, according to market data. In a terse statement, the exchange based its decision on unspecified regulatory reasons, but it comes at a time when authorities are moving to exert more control over the crypto… Source link
Read More »Why Betsy Cohen chose to back eToro – Yahoo Finance
TipRanks The Race for Vaccine Against COVID-19 Variants Heats Up; 3 Stocks to Consider Let’s talk about the economy and COVID-19. Normally, this is a subject that will dwell on the economic disaster of the past year – the sharp recession last winter, the huge spike in unemployment, the unprecedented surge in government debt. All of these are important, even urgent, topics for discussion, but we’re here to talk about vaccines and opportunity. Specifically, the vaccines coming out of the… Source link
Read More »eToro Nears $10 Billion Merger With Betsy Cohen SPAC
(Bloomberg) — Trading platform EToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial dealmaker Betsy Cohen. The agreement with FinTech Acquisition Corp. V values the combined company at about $10.4 billion, according to a statement Tuesday confirming a Bloomberg report. The companies are raising about $650 million in equity to support the deal. Investors in the equity transaction included ION Investment Group, Softbank Vision Fund II,… Source link
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