Stock Market | ForkLog

ForkLog 5 27.07.2021

Tesla writes off $23m in Q2 amid negative Bitcoin dynamics

Tesla reported net income of $1.14 billion on revenue of $11.96 billion for the April–June period. The $23 million impairment due to the negative performance of the 42,902 BTC on the balance sheet did not have a material impact on results.

AI translated

ForkLog 9 27.07.2021

Goldman Sachs files to launch DeFi- and blockchain-focused ETF

The investment bank Goldman Sachs filed with the SEC to launch an exchange-traded fund (ETF) whose basket will include public company stocks in the DeFi and blockchain space.

AI translated

ForkLog 8 26.07.2021

New Jersey pension fund invested $7 million in mining stocks

New Jersey’s Common Pension Fund D, with assets of $30 billion, directed $7 million to buy mining company stocks. The information is contained in the SEC filings.

AI translated

ForkLog 17 25.07.2021

Robinhood chief says cryptocurrencies are the cornerstone of the company’s future development

Robinhood, the online broker, plans to broaden its digital-asset offerings as it sees cryptocurrencies as the cornerstone of its future development. CEO Vlad Tenev announced this during a roadshow ahead of the IPO.

AI translated

ForkLog 24 24.07.2021

Uniswap Labs restricted trading of 129 tokens through its interface

The company behind the leading decentralized exchange, Uniswap Labs, has halted trading of 129 tokens in its interface due to 'regulatory landscape changes'.

AI translated

ForkLog 9 23.07.2021

Media: Goldman Sachs opens limited access to crypto-based ETPs

The investment bank Goldman Sachs has provided some European hedge funds access to cryptocurrency-based exchange-traded products (ETPs). CoinDesk reports, citing informed sources.

AI translated

ForkLog 11 23.07.2021

BlockFi to close investment round and push ahead with IPO amid regulatory pressure

BlockFi, the crypto-lending platform, plans to close its Series E round on July 27 at a valuation of around $4.75 billion and, 12–18 months later, to go public via an IPO. The plans are laid out in an investor presentation, CoinDesk reports. In June the company was targeting a valuation close to {{AOPEN_1}}to $5 billion{{ACLOSE_1}}. It was possible that the final figure would exceed this benchmark. The funding round is expected to be led by Dan Loeb's hedge fund Third Point and London's Hedosophia. Other investors include Coinbase Ventures, Tiger Global and Bain Capital. The outlet contends that BlockFi's decision to move the IPO from the second half of 2021 to a later date was made before frictions with regulators arose. Securities regulators in {{AOPEN_2}}New Jersey{{ACLOSE_2}}, {{AOPEN_3}}Alabama{{ACLOSE_3}} and Texas charged BlockFi with selling unregistered securities. In that capacity, regulators deemed BlockFi's crypto-savings accounts (BlockFi Interest Account) to be unregistered securities. On Twitter, the company said it is in dialogue with authorities and expects to prove regulators' arguments unfounded. BlockFi assured that clients will still have access to all BlockFi products, services and assets. 2/ BlockFi is fully operational for all existing clients everywhere in the world, and clients will continue to have access to all products, services, and assets on BlockFi. Previously, Coinbase, the bitcoin exchange, had listed its shares on the market. Following its lead could be Bullish, the cryptocurrency trading platform, and Circle, the startup behind USDC. Subscribe to the ForkLog channel on YouTube!

AI translated

ForkLog 10 23.07.2021

Changpeng Zhao says Binance.US plans to go public

Binance's U.S. arm may in the future conduct an initial public offering (IPO). This was stated by the platform's CEO, Changpeng Zhao, during a speech at the blockchain event REDeFiNE Tomorrow 2021.

AI translated

ForkLog 8 22.07.2021

Global X, the subsidiary of a $563 billion asset manager, files to launch a Bitcoin ETF

The exchange-traded funds provider Global X filed with the U.S. Securities and Exchange Commission (SEC) an application to launch a Bitcoin ETF. If approved, its shares would be listed on the Cboe BZX exchange.

AI translated

ForkLog 9 22.07.2021

Hester Peirce criticises SEC policy on Bitcoin ETFs

SEC commissioner Hester Peirce lamented the United States' delay in approving a Bitcoin ETF. Forbes reports this.

AI translated

ForkLog 16 22.07.2021

Gensler warns stock-token issuers to report to the SEC

Issuers of tokens backed by equity are required to report to the Securities and Exchange Commission. This was stated by the agency's head, Gary Gensler.

AI translated

ForkLog 5 22.07.2021

Bank of Russia urges exchanges not to allow trading of crypto-linked instruments

The Bank of Russia recommended exchanges not to allow trading of securities issued by Russian and foreign issuers, payments whose returns depend on cryptocurrency rates, prices of foreign digital financial assets, changes in crypto-asset indices, and the value of crypto-derivatives and securities of crypto funds.

AI translated

#Stock Market