Coinbase, the leading U.S. cryptocurrency exchange, has laid out its plans to offer crypto-linked derivatives in the European Union (EU) as part of its long-standing ambition to serve professional and institutional customers. In pursuit of this goal, Coinbase has entered into an agreement to acquire an unnamed holding company possessing a MiFID II license, which
Enterprise
The U.S. National Labor Relations Board (NLRB) has recently lodged a complaint against SpaceX, Elon Musk’s renowned defense contractor. This complaint contends that the company unlawfully terminated the contracts of eight employees who had written an open letter criticizing Musk’s behavior and accusing the workplace of enabling sexual harassment selectively. In a spectacular twist, CNBC
Bitcoin experienced a reversal in its new year rally on Wednesday as investors closely monitored the Federal Reserve’s policy outlook and awaited updates on the Securities and Exchange Commission’s (SEC) decision regarding a bitcoin exchange-traded fund (ETF). The price of bitcoin dropped more than 4% to $42,685.85, according to Coin Metrics. Earlier in the day,
Tesla’s fourth-quarter vehicle production and deliveries report for 2023 reveals impressive numbers. In Q4 2023, the company delivered a total of 484,507 vehicles and produced 494,989 vehicles. These figures contributed to an annual total of 1,808,581 deliveries and 1,845,985 production units for the year. Comparing these numbers to the previous year, Tesla achieved a 38%
The legal saga surrounding Sam Bankman-Fried, the disgraced founder of FTX, took a surprising turn recently. Prosecutors have decided not to pursue a second trial against Bankman-Fried, citing the fact that much of the evidence had already been presented in his first criminal trial. This decision raises questions about the overall handling of the case
Apple, a tech giant that is renowned for its innovation and market dominance, faced significant challenges in 2023. Despite a rally in its stock, the company’s performance was overshadowed by its mega-cap tech peers. Apple experienced four consecutive quarters of declining revenue, marking its longest such slide since the dot-com bust of 2001. This downturn
In the not-so-distant past, Affirm faced a multitude of challenges that cast doubt on its future as a leading point-of-sale lender. Rising interest rates, recession fears, and weakening consumer spending dampened the company’s prospects. The result? A staggering 90% decline in Affirm’s shares in 2022, erasing billions of dollars in market value. Fast forward to
The personal computer (PC) market has experienced a significant slump in recent years, but industry analysts are predicting its revival in the near future. After a challenging period due to various factors, including macroeconomic headwinds and the shift in IT budgets, there is finally a glimmer of hope on the horizon. Analysts anticipate that the
MicroStrategy, a once little-known software company, has soared to new heights in recent years, defying expectations and capturing the attention of Wall Street. With its stock surging by 337% in 2023, it has become one of the biggest gainers in the U.S., outperforming tech giants like Nvidia and Meta. The key to its success? Bitcoin.
The generative AI market has seen tremendous growth in recent years, and investors have been quick to capitalize on its potential. Nvidia, with its high-performance processors, has emerged as the big winner in this boom, with its stock price skyrocketing by 234%. However, there are other players in the market that investors are keeping a