Monthly Archives: February 2022
Bitcoin and Ether Rise as Ukraine-Russia Tensions Appear to Ease
(CNBC) Cryptocurrencies rose Tuesday with U.S. equities as tensions between Ukraine and Russia appeared to be easing. Bitcoin climbed 4.6% to $44,177.34, while ether rose 7.6% to $3,114.09, according to data from Coin Metrics. Almost the entire crypto market was […]
Some lawmakers and their families are betting thousands of dollars on crypto
(CNBC) Congress is taking a hard look at crypto — as an investment opportunity. Eight lawmakers or their immediate family have traded cryptocurrencies over the past year, with bets ranging from about $1,000 to as high as $100,000, a CNBC […]
From Credit Suisse to Goldman Sachs, investment banks say it’s time to buy Chinese stocks
(CNBC) More and more international investment analysts say it’s time to buy mainland Chinese stocks, ahead of expected government support for growth. On top of the pandemic’s drag on the economy, heightened regulatory uncertainty since last summer has generally kept […]
BlockFi Agrees to Pay $100 Million in Penalties and Pursue Registration of its Crypto Lending Product
(HedgeCo.Net) The Securities and Exchange Commission has charged BlockFi Lending LLC (BlockFi) with failing to register the offers and sales of its retail crypto lending product. In this first-of-its-kind action, the SEC also charged BlockFi with violating the registration provisions […]
Global fintech investment hits $210bn across a record 5,684 deals in 2021
(Opalesque) Global fintech investment was US$210 billion across a record 5,684 deals in 2021 – up from US$125 billion across 3,674 deals in 2020, said a study. According to the study ‘Pulse of Fintech’ published by KPMG, Payments continued to […]
Buffett’s Berkshire buys $1 billion worth of Activision shares before Microsoft deal
(CNBC) Microsoft announced its intent to acquire Activision Blizzard in mid-January for $95 per share, sending the stock up 25% to above $82, though it’s since fallen a bit. It would be the largest deal ever by a U.S. technology […]
Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes
(CNBC)St. Louis Federal Reserve President James Bullard made his case for a rapid move higher in interest rates, saying Monday that the central bank needs to react to accelerating inflation. “I do think we need to front-load more of our […]
With rates on the rise, Tom Lee sees money from speculative stocks eventually flowing into crypto
(CNBC) When Tom Lee’s Fundstrat published its first report on bitcoin about five years ago, it said that by 2022, the cryptocurrency could be worth between $15,000 and $50,000. Bitcoin is currently somewhere in the upper middle of that range, […]
SEC Proposes Rule Amendments to Modernize Beneficial Ownership Reporting
(HedgeCo.Net) The Securities and Exchange Commission has announced that it proposed rule amendments governing beneficial ownership reporting under Exchange Act Sections 13(d) and 13(g). The proposed amendments would update those rules to provide more timely information to meet the needs […]
Hedge funds start 2022 on a down note after strong 2021
(Hedgeweek) Inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with aggregate returns coming in at -1.89 per cent for the first month of the year, according […]
Lockheed Martin terminates $4.4 billion deal to buy Aerojet Rocketdyne amid regulatory roadblocks
(CNBC) U.S. arms maker Lockheed Martin on Sunday terminated plans to acquire rocket engine maker Aerojet Rocketdyne for $4.4 billion, following opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block the deal in January on the grounds […]
The Federal Reserve’s rate debate and Ukraine tensions could jolt markets in the week ahead
(CNBC) Stocks are likely to be volatile in the week ahead as investors watch tensions between Russia and Ukraine and debate how quickly the Federal Reserve can raise interest rates. Markets were roiled in the past week and bond yields […]