When buyout groups Hellman & Friedman and Permira began stalking a takeover of business software giant Zendesk in February, they tried to bring in a third partner for what would be a large deal. They called Blackstone, a firm that manages more than $125bn in private equity assets and that they each knew well from
It is fitting that the taxpaying public gets to hear a candid appraisal of the government’s pandemic venture capital fund by accident. What limited information there is about the £1.1bn portfolio of 1,190 start-up companies in the Future Fund has been published somewhat reluctantly, in dribs and drabs. But minutes from the audit committee of
Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report. Said inflows reached $16.3 million last week, adding to a total of $159 million in inflows over the last seven weeks. CoinShares Head of Research James Butterfill on Aug. 8 said
F2Pool co-founder Chun Wang has responded to allegations that his mining pool has been manipulating Ethereum block timestamps to “obtain consistently higher mining rewards.” The allegations came from an Aug. 5 paper from researchers at The Hebrew University, claiming the mining pool has been engaging in a “consensus-level” attack on Ethereum over the last two years
Tesla and Spacex CEO Elon Musk has challenged Twitter’s CEO to a public debate over the platform’s fake accounts and spam bots. A recent poll conducted by Musk showed that nearly 65% of respondents do not believe that less than 5% of Twitter daily users are fake or spam. Musk Challenges Twitter’s CEO to Public
Former US president Donald Trump said on Monday that his residence at the Mar-a-Lago club in Florida was being raided by a “large group” of FBI agents. In a statement posted on Twitter by an affiliated account, Trump said his Florida residence “is currently under siege, raided and occupied by a large group of FBI
Xi Jinping finally has something that eluded him for almost a decade: a trusted confidante at the top of China’s police ministry. Wang Xiaohong’s appointment as public security minister in June marked another breakthrough for Xi in his relentless consolidation of power since being appointed head of the Chinese Communist party and its Central Military
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto assets “could benefit from more
press release PRESS RELEASE. INTERNET CITY, DUBAI, Aug. 8, 2022 – LBank Exchange, a global digital asset trading platform, will list Drive Crypto (DRIVECRYPTO) on August 9, 2022. For all users of LBank Exchange, the DRIVECRYPTO/USDT trading pair will be officially available for trading at 23:00 (UTC+8) on August 9, 2022. As the first web3
The Brazilian voting authority (TSE), has publicly declared it is studying blockchain as a technology that might help the organization in its task of organizing ballots. Celio Castro Wermerlinger, coordinator of modernization of the institution, stated that this decentralized ledger tech was included in a research program called “Elections of the Future.” Brazilian TSE Is
Russia said it would suspend American inspections of its nuclear weapons under a key treaty with the US because of western sanctions over its invasion of Ukraine. Moscow told the US on Monday it could no longer participate in inspections under the New Start Treaty, the last major arms control agreement remaining between the countries,
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Check out the companies making headlines after hours. Novavax — The biotech stock dropped 32% after Novavax cut its full-year revenue
Barstool Sports founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by over 94%, proving to crypto enthusiasts that he is, in fact, capable of hodling during the bear market. The stock trader and media personality took to Twitter Monday to lament his $40,000 investment in the meme coin, which has fallen to
Ethereum co-founder Vitalik Buterin recently discussed what he thinks about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its way into a number of conversations within the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that he believes the people introducing the forked token concept are basically a “couple of
It was a steady start to the week, with municipal triple-A yield curves little changed, U.S. Treasuries took a break from last week’s volatility to close out firmer across the curve while equities were mixed. Muni-UST ratios on Monday were at 61% in five years, 81% in 10 years and 97% in 30 years, according
Despite several years of efforts, Hawaii’s funded pension ratio hovers around 50%, the same level as Illinois and New Jersey, the states with the lowest bond ratings, and yet the state retains its double-A-level ratings. S&P Global Ratings upgraded the state a notch to AA-plus from AA in 2016 with analysts partly citing a plan
Cook County, Illinois, heads into the market this week with two deals totaling nearly $500 million that will benefit from an outlook from boost from Moody’s Investors Service over its healthy fund balances. The $215 million sales tax transaction pricing Tuesday offers two tranches to refund outstanding debt and take out a credit line that
The United States equities markets and the cryptocurrency markets have started the week on a strong note, indicating that traders are not nervous about buying ahead of the important Consumer Price Index (CPI) data for July, which will be released on Aug. 10. Another positive sign is that the recent recovery in Bitcoin (BTC) has
Passengers on one of the UK’s busiest inter-city rail routes face a prolonged period of disruption after the operator of the west coast mainline sharply reduced services, blaming “severe” staff shortages. Avanti West Coast, which runs services from London to cities in the north of England and Scotland, said on Monday it would implement an
The US will send $1bn in additional military aid to Ukraine, the largest single drawdown of equipment since the start of the war. The latest package will include additional ammunition for high mobility artillery rocket systems (Himars), tens of thousands of rounds of artillery and mortar ammunition, anti-armour systems and armoured medical treatment vehicles. Including