The CEO is predicting that the company might raise up to €100 million with this.
Category: STO News
Iran’s National Cryptocurrency Could be Based on the Stellar Lumens (XLM) Network
Iran’s plans to launch a national cryptocurrency continue to move forward. Just a few weeks after lifting the ban on bitcoin and other digital currencies, the country announced the launch of PayMon, a local digital currency that is backed by national gold reserves. Apparently, the token will be used to avoid financial sanctions imposed by […]
Australia’s ASIC Issues A Formal Legal Notice To Crypto Trading Firm Byte Power Group
Breaking: ASIC Issues A Formal Legal Notice To Byte Power Group As per an all new report released earlier today, the Australian Securities and Investments Commission (ASIC) has issued a ‘legal notice’ to a crypto firm called Byte Power Group Limited— on grounds that the firm has time-and-again failed to comply with its financial disclosure […]
Bitcoin Price Breaks Medium-Term Resistance after Surging 8% Near $4,000
The Bitcoin market came back on its bullish track during the February 18’s trading session. The Bitcoin-to-Dollar rate (BTC/USD) on Monday established an intraday high towards 3917, up 8.08% since the open. The pair rallied through the Asian session and continued its upside momentum after the European market opened. Around 1600 UTC, BTC/USD also broke […]
Germany Explores Blockchain Strategy as Bitcoin Wars Heat Up
Germany ― Europe’s largest economy ― may be hopping on the bitcoin bandwagon as it explores how to deploy blockchain across various industries. The German government has launched a consultation process in a bid to formulate a comprehensive blockchain strategy before the summer begins. Berlin is a tech hub that’s home to 170 startups that could […]
10 Elite Hedge-Fund Managers Made a Jaw-Dropping $7.7 Billion in 2018
According to the inaugural ranking of hedge fund managers by news outlet Bloomberg, the top ten highest-earning hedge fund managers made a mouth-watering $7.7 billion in 2018. James Simmons led the inaugural list, earning $1.2 billion in additional income in 2018, which saw his net worth swell to $16.55 billion. His hedge fund, Renaissance Technologies, […]
Yes, Mark Zuckerberg Is a “Digital Gangster” Who Violates Your Privacy, but Here’s Why You Still Won’t Quit Facebook
Lawmakers in the UK have released a damning report on Mark Zuckerberg and Facebook, calling them “digital gangsters.” The report refers to Facebook’s deliberate violation of privacy laws and its role in spreading “fake news” and disinformation. It’s another shot fired at tech companies for abuse of personal data. But, as usual, it’s unlikely to […]
Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions
It’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates. IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATES The Boston-based consultancy only advises major institutions who manage more than $300 billion worth of clients’ assets. Cambridge was quoted in Bloomberg on Monday as saying: “Despite the challenges, we […]
Dow Futures Eke Higher on President’s Day as Democrats Prepare to Fight Trump’s Emergency Declaration
U.S. stock futures traded slightly higher on Monday, as Democrats geared up to fight President Trump’s emergency declaration to fund a new steel barrier along the southern border with Mexico. DOW INCHES HIGHER IN THIN TRADE U.S. President’s Day saw thin trading volumes for stock futures on Monday. Dow Jones futures edged up 11 points […]
Billionaire Who Predicted Trump’s Rise Says Ex Starbucks CEO Doesn’t Have the Beans for 2020 Presidential Race
CEO of DoubleLine Capital Jeffrey Gundlach says the recently announced presidential run by former Starbucks CEO Howard Schultz will probably be short-lived. Gundlach, who was ahead of the pack in anticipating a Trump presidential win in 2016, says the former coffee magnate lacks the physical constitution for a head to head battle against Trump. He […]
