Bitcoin Hits a Wall at $28,000 After Bank-Turmoil Rally Fizzles
Bitcoin’s rally this year has caught a lot of attention. Yet the coin has seemingly stopped its advance at $28,000, a key trading point around which it’s been meandering in recent days.
Bloomberg Tech
Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022
Tiger Global Management’s hedge fund gained 7.3% in the first quarter as a rally in technology shares helped the firm begin to dig out from last year’s record losses.
Stellantis Will Build Electric Ram Pickup in the US
Stellantis NV plans to manufacture an all-electric version of its popular Ram truck at a factory in the US, according to its chief executive officer.
Saudi’s Savvy Games Buys Gamemaker Scopely For $4.9 Billion
Savvy Games Group, part of the Saudi government’s Public Investment Fund, has agreed to acquire the closely held game publisher Scopely Inc. for $4.9 billion, the companies said Wednesday in a statement.
Amazon Signs Pact to to Promote Indian State Content
Amazon.com Inc. is partnering with India’s federal government to stream movies and TV shows from state-run studios as well as provide internships to students from government film institutes in a key market for the US e-commerce giant.
Vodafone Fields Approaches for $4 Billion Spain Unit
Vodafone Group Plc’s Spanish business is attracting takeover interest from potential buyers, including Apollo Global Management Inc., people with knowledge of the matter said.
Police Shutter ‘Genesis’ Dark Web Market and Arrest 119 People
“Operation Cookie Monster” part of law enforcement crackdown on digital crime.
Tether Used Signature Bank to Find Path Into US Financial System
Tether Holdings Ltd. doesn’t have direct access to the US banking system, but for a while it found at least one pathway: through Signature Bank.
Hedge Fund Billionaire Chase Coleman Says Buy Big Tech Stocks
Tiger Global Management founder Chase Coleman, whose firm was stung by last year’s tech rout, said the sector now looks attractive thanks to artificial intelligence and other new technologies.
Africa-Focused Bitcoin Platform Paxful Suspends Operations
Paxful, an Africa-focused Bitcoin trading platform, is indefinitely suspending its operations, the company’s co-founder, Ray Youssef, said in a statement, citing a staffing crisis and growing regulatory challenges.