Major IT and software development company Globant has become the latest institutional giant add bitcoin to its balance sheet. Globant Buys $500,000 Worth of Bitcoin The company revealed its bitcoin purchase in a document filed with the U.S. Securities and Exchange Commission (SEC). According to the filing, Globant purchased $500,000 worth of BTC in Q1 2021. Unlike most institutions who […]
Read moreBitcoin is down again after Tesla CEO Elon Musk helped it recover the other day as he signaled support for an apparent effort to improve the green credentials of the cryptocurrency. Bitcoin dropped to below $38,000 following a surge of 16 percent on Monday. Musk, who had criticized the energy profile of Bitcoin mining last week, tweeted on Monday, “Spoke […]
Read moreBernard Arnault, Chairman, and CEO of French luxury fashion retail chain Luis Vuitton Moet Hennessy or LVMH, has become the richest man in the world with an estimated net worth of $186.3 billion on Monday. Arnault witnessed a massive $110 billion increase in his net worth in the last 14 months putting him $300 million above Amazon (AMZN) head Jeff […]
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The bitcoin price has lost almost 50 percent of its value since reaching its all-time peak of nearly $65,000 per bitcoin in April. Meanwhile, after rising to over $4,000 per Ether, ETH is reduced by more than half earlier this month. Ethereum is one of only two coins with the cryptocurrency sector breaking four-figure values. The Leaked Report The leaked […]
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Lampshades, puppies and luxury sports cars are just a few of the available goods and services people can purchase with cryptocurrency. Bitcoin has increased in price to over 55,000 USD. Recognizing its growth potential, large companies like Walmart have begun implementing blockchain technology to improve their supply chain. Other eCommerce platforms have since integrated with a bitcoin payment processor to […]
Read moreShares of Kohl’s Corporation (KSS) are falling more than 11% Thursday morning despite robust sales growth in the first quarter. The retailer also raised its full-year outlook. The company reported earnings of $14 million or $0.09 per share in the first quarter compared with net loss of $541 million or $3.52 per share last year. Excluding items, earnings were $1.05 […]
Read moreShares of Trean Insurance Group, Inc. (TIG) are up more than 7% Thursday morning. The company Wednesday announced the pricing of a secondary offering of 5 million shares at $14.00 per share. Trean will not receive any proceeds from the offering as the company’s selling stockholders are offering the stock. The offering is expected to close on May 24, 2021. […]
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Prime Experiences has announced that it will accept crypto payments in the U.S., a move set to revolutionize the luxury yacht charter market. The company is a leader in the industry in conducting digital currency transactions and expects the payment method to expand by 40%, reaching more than 1,400 customers this year. Looking to Attract More Clients For its part, […]
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Shares of pharmacy chain operator CVS Health Corp. (CVS) are trading up 4 percent on Tuesday after the company announced appointment of former Aetna Chief Financial Officer Shawn Guertin as its financial chief with effect from May 28. He will succeed Eva Boratto who is leaving the company after a 11-year stint. Guertin was with U.S. health insurer Aetna for […]
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