After-Hours Stock Movers: MicroStrategy (Nasdaq: MSTR) declined 5.5% after it announced plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes. GitLab Inc (GTLB) declined...
Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen, as per a Nikkei report. The bank says it is experimenting with the possibility of issuing its yen-backed stablecoin as a form of payment...
Chainlink Labs director of capital markets Ryan Lovell said traditional finance is not the best use case for tokenization, but real-world data is. Real-world asset (RWA) tokenization is one of the largest market opportunities in the blockchain industry, with a potential market size in the hundreds of trillions of dollars. 1/ The tokenized RWA opportunity is measured...
By Dawn Chmielewski and Lisa Richwine (Reuters) - David Greenbaum has been named to the newly created role of president, overseeing Disney Live Action and 20th Century studios, reporting to Disney Entertainment co-Chairman Alan Bergman, Walt Disney (NYSE:DIS) Studios announced on Monday. He succeeds Sean Bailey, who oversaw Disney\'s live action films since 2010, and...
2024 began with over 9,000 cryptocurrencies created and still available globally, according to Statista. This is 13% fewer projects ‘alive’ compared to the all-time high reached in February 2022. That said, between February 2023 and January 2024, there was a 4% increase in the number of available projects. The road to the current volume was...
CryptoQuant CEO Ki Young Ju expects Bitcoin to decline to $58k by year-end; however, the managing partner at HDI Fund, Guy Armoni, thinks the asset would breach the $100k resistance level and continue to reach $250k. Seven out of nine expert predictions on Bitcoin estimate a run above $100k by December 31. Bitcoin’s (BTC) explosive run...
Director Bypassed Firewall with VPN: Auditor The director’s ingenuity allegedly did not end here, however. The institute, like many South Korean government-affiliated firms, blocks access to crypto mining and crypto wallet-related websites and software. But the director reportedly managed to use a VPN-powered workaround to bypass the institute’s firewalls. Additionally, the director, officers claim, “impersonated”...
Biotechnology company Anixa Biosciences, Inc. (ANIX) announced Wednesday that it has entered into a joint development agreement with Cleveland Clinic to develop novel vaccines for various cancer types. Anixa currently collaborates with Cleveland Clinic on breast cancer and ovarian cancer vaccines Cleveland Clinic is currently conducting a Phase 1 clinical trial targeting triple negative breast...
Performance Food Group Co. (PFGC) announced Wednesday that it has entered into a definitive agreement with Cheney Bros., Inc., pursuant to which PFG will acquire Cheney Brothers for $2.1 billion in cash. Cheney Bros. is an independent broadline foodservice distributor based in Riviera Beach, Florida and owned by the Cheney family and Clayton Dubilier &...
The Canadian market may open on a mixed note Monday morning. While positive mood in European markets, and higher U.S. futures may aid sentiment, weak crude oil prices and subdued metals may weigh a bit. The focus will be on the Bank of Canada\'s monetary policy decision on Wednesday. The Canadian central bank is widely...