Tag Archives: Firm

The founders of South Africa-based crypto investment firm AfriCrypt have disappeared along with 69,000 bitcoins — worth an estimated $3.6 billion — according to a report from Bloomberg on Wednesday. In mid-April, AfriCrypt’s investors were sent an email claiming that the platform was shutting down and freezing all accounts following a hack that compromised client accounts, wallets, and nodes. Investors were reportedly asked not to report the hack to law enforcement, which the founders… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

Bloomberg Ex-High School Classmates Are Among the World’s Largest Crypto Holders (Bloomberg) — Kyle Davies and Su Zhu started Three Arrows Capital at the kitchen table of their apartment in 2012. Now they’re among the world’s biggest crypto holders with a portfolio worth billions of dollars.At least for the moment.Their portfolio was rocked in recent days as environmental concerns over mining, regulatory scrutiny, warnings by Chinese authorities about digital currency payments and a… Source link

Verizon is spinning off AOL and Yahoo to the private equity firm Apollo in a deal valued at $5 billion. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images … Source link

Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday. The new company will be called Yahoo and will continue to be run by CEO Guru Gowrappan. Verizon will retain a 10 percent stake in the new company, and LionTree, which served as the lead financial advisor on the transaction, will also be an investor alongside… Source link

InvestorPlace Exxon Mobil Will Keep Paying Its Dividend, And May Be Worth 30% More Exxon Mobil Corp. (NYSE:XOM) is not going to lower its dividend no matter what it costs the company. That point came out loud and clear from the company’s latest earnings conference call. This means that XOM stock will continue to have a “strong” dividend yield of about 6.15%. It’s worth at least 32% more, or $74.63 per share, based on its historical dividend yield. Source: Harry Green / Shutterstock.com… Source link

(Bloomberg) — Grayscale Investments is making a bet that the approval of a U.S. cryptocurrency ETF is not too far off in the future. The digital-asset management firm has posted at least nine ETF-related positions to LinkedIn, signaling it is anticipating a green light from the Securities and Exchange Commission for a crypto ETF — a goal that has eluded U.S. funds for years. “The race to launch the first Bitcoin ETF is heating up,” said Todd Rosenbluth, director of ETF research for CFRA… Source link

TipRanks Billionaire David Tepper Bets Big on These 2 “Strong Buy” Dividend Stocks Anyone trying to keep track of where the markets might be heading, could be forgiven for displaying signs of dizziness. The markets are being violently pulled in opposite directions lately, making it difficult to form a coherent investing strategy. It is in time like this that some expert advice might provide a clearer picture. Hardly any on the Street come more highly regarded than billionaire David Tepper…. Source link

SINGAPORE (Reuters) – Google said on Wednesday it is reviewing recent advertisements run by a Myanmar military-backed telecommunications firm and has disabled some army-linked accounts on its services in the wake of the country’s coup. FILE PHOTO: The Google name is displayed outside the company’s office in London, Britain November 1, 2018. REUTERS/Toby Melville The move comes as activists called on the U.S. technology giant to restrict access to its services after dozens of deaths… Source link

SINGAPORE (Reuters) – Google and Rakuten-owned messaging app Viber said on Wednesday they were reviewing recent advertisements run by a Myanmar military-backed telecommunications firm following the Feb. 1 coup. FILE PHOTO: The Google name is displayed outside the company’s office in London, Britain November 1, 2018. REUTERS/Toby Melville The move comes as activists called on the technology giants to restrict access to the company’s services after dozens of deaths following weeks of protests… Source link