Bitcoin in the Bank: Traditional lenders try their hand at cryptocurrencies outside the United States

Traditional banks outside the United States are sampling cryptocurrencies, offering customers ways to invest and store bitcoin and other digital assets. Banco Bilbao Vizcaya Argentaria SA BBVA 1.36% —The second largest asset lender in Spain, with operations in Latin America and Turkey — allows customers to hold, buy and sell bitcoin and ether through a … Read more

US equities open higher on the first trading day of 2022

US equities opened 2022 with tepid gains as investors monitored the cases of the Omicron variant of Covid-19 and other factors that could weigh on equities this year. The S&P 500 gained 0.4% in early trading on Monday. The index ended 2021 up 27%, hitting 70 record highs along the way. The technology-focused Nasdaq Composite … Read more

A booming startup market requires an investment race for ever younger companies

Blank Street has a simple business: it sells coffee, sometimes in carts, usually in small shops. It launched its first venue 17 months ago, before starting dotting Manhattan and Brooklyn with bartenders. Even a couple of years ago, a fast-growing chain of no-frills, low-cost coffee shops may have struggled to find interest from tech investors. … Read more

NFTs and SNL: Crypto continues to penetrate the mainstream

Crypto has been a lot in its short history. 2021 was the year it became part of the mainstream. Elon Musk tweeted about it many times. It was parodied on “Saturday Night Live”. The Collins Dictionary is called “NFT”, short for non-fungible tokens, the word of the year. Institutional investors looked for entry-level opportunities and … Read more

The $ 900 billion pile of cash that inflates startup valuations

Investors are braving a share price plunge for new public companies to put hundreds of billions of dollars at the disposal of startups, a stack of cash that promises to inject a torrent of money into early-stage companies in 2022 and beyond. Special-purpose acquisition companies, which make startups public through mergers, raised about $ 12 … Read more

Stocks End Slightly Lower – WSJ

US equities closed slightly lower on Thursday, reversing intraday gains after new economic data indicated that a recent surge in Covid-19 infections related to the Omicron variant did not lead to a spike in layoffs. The S&P 500 fell 14.33 points, or 0.3%, to 4778.73 per day after the broad market index rose to a … Read more

Foggy regulations challenge cryptocurrencies, says Gemini’s head of compliance

Opaque regulations remain a major challenge for the cryptocurrency industry, according to Elena Hughes, chief compliance officer of the cryptocurrency exchange Gemini Trust Co. She joined NYC-based Gemini in May 2020 after more than a decade of compliance work for traditional financial institutions such as Morgan Stanley and Goldman Sachs Group Inc. Gemini was launched … Read more

Google and Tech Rivals leverage cash reserves to realize cloud ambitions

Google and its rivals are wielding a new weapon in the battle for cloud computing market share: large investments in companies that agree to access their services. With Thomas Kurian as CEO of the cloud since 2019 after a long tenure at Oracle Corp. ORCL -0.50% , the alphabet Inc. GOOG 0.04% leveraged its $ … Read more