Markets

The move by Darktrace to go public in London is coming after the unimpressive market debut by Amazon-backed food delivery company Deliveroo.Darktrace Plc, a Cambridge-based cybersecurity firm, on Monday, announced plans to go public on the London Stock Exchange (LSE), through an Initial Public Offering (IPO). Per the official release, the company is considering applying for the admission of its shares to the premium segment of the Official List of the FCA and to trading on the Main Market of...

The acquisition of Nuance by Microsoft is strategic and will help the latter to venture into the AI and speech recognition market.  Nuance Communications Inc (NASDAQ: NUAN) stocks are up over 23% in pre-market to trade above $56.30. The sudden spike has been attributed to news that Microsoft Corporation (NASDAQ: MSFT) is in talks to purchase the speech-recognition company Nuance according to media outlet CNBC.According to Bloomberg, Microsoft intends to value Nuance at about $56 per share,...

Many experts have come forward with definite opinions on the Coinbase listing, which is the first of its kind in the crypto industry.Coinbase is set to go live with a public offering on Nasdaq on Wednesday. Coinbase IPO is already affecting the financial market, and several experts have come forward to predict further market volatility and other surprising reactions to the planned public listing.The massive cryptocurrency exchange is one of the largest globally and the largest in the United...

Jamieson created his arts by using high-resolution images of his previous works and minting them to be uploaded on the NFT marketplaces for sale.36-year-old Brooklyn artist Blake Jamieson has made over $46,000 in about six weeks from selling (NFTs) Non-fungible tokens. Jamieson started selling his NFTs from the beginning of February till Mid-March on digital art marketplaces like SuperRare and OpenSea.Over the past weeks, the NFT market has been bubbling with artists, celebrities, and firms...

By partnering with a German-based investment firm and Switzerland’s Digital Assets AG, Binance will introduce zero commission tradable stock tokens. Each new coin will represent one share of equity stock and will be fully backed by a depository portfolio of underlying securities. The first such token will be Tesla. Binance Launches Commission-Free Tradable Stock Tokens The leading digital asset exchange, Binance, announced its latest development in a press release shared with...

Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The previously referred to as “magical internet money” has been on a mind-blowing bull run since early October when it dabbled...

Gold investments have recently become a lot easier than they were before. With a huge wave of new cryptocurrencies appearing on the market, one does not have to stress about soliciting a broker to buy the asset. The driving force behind this innovative era is gold-backed cryptocurrency (aka. Stablecoins). The value of this type of cryptocurrency relies on the value of gold, which a third party puts into storage. In comparison to other cryptocurrencies, the ones that are...

For diehard cryptocurrency investors, the answer to their prayers has typically been bitcoin, the world’s number one digital currency by market cap. However, while the currency has been spiking like no other asset, it remains as volatile as ever. Many traders still see bitcoin as risky, and for this reason, stock shares in Coinbase – set to debut on the Nasdaq next week – might be the alternative tool they seek. The Coinbase Stock Is Heading Our Way Coinbase initially announced in late 2020...

Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM) AUM Growing As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings by adding five new tokens for their eligible accredited investors.  04/09/21 UPDATE: Net Assets Under...

Despite overcoming its nemesis at $60,000 yesterday, bitcoin’s struggles with that particular benchmark level continue as the asset has dipped beneath it. Most altcoins have also retraced slightly, with the apparent exception of Ripple (XRP), which surged to a new 3-year high of $1.4 following more positive news in the ongoing legal battles with the SEC. Bitcoin Dips Below $60K Once Again After a three-week-long wait, bitcoin finally overcame $60,000 yesterday. Furthermore,...