Tag: Stock

Crypto Exchange Bithumb Gearing Up To Go Public on Korean Stock Market: Report

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A South Korean-based cryptocurrency exchange is reportedly planning to conduct an initial public offering (IPO) in 2025. In a new report, South Korea’s business publication Edaily says that Bithumb, which began operations in 2014, plans to go public in the second half of 2025. According to the report, Bithumb has picked Samsung Securities, a subsidiary of the Samsung Group, as the IPO’s underwriter. While Bithumb has yet to confirm its plans to go public, the firm told Edaily that “it is true that we have selected an underwriter.” Funding appears to…

Bithumb plans to be first crypto exchange listed on Korea stock market: Report

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Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market.  Local news outlet Edaily reported on Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the KOSDAQ — South Korea’s version of the United States Nasdaq — with an expected listing date set for sometime in the second half of 2025. Bithumb declined to confirm whether the IPO was going ahead but admitted they had recently selected an underwriter, a company tasked with guaranteeing the…

Is it Time for a Blockchain-Based Stock Exchange?

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In recent news, South Korea has implemented a complete ban on short selling, a move that has sparked debates about its implications and motivations. The head of the Financial Supervisory Service (FSS), Lee Bok-hyun, defends the decision, citing rampant illegal short selling in the stock market. While the ban is portrayed as a necessary step to combat financial misconduct, it raises questions about its impact and whether other countries should follow suit. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex…

Frankfurt Stock Exchange includes crypto trading facility in strategy-2026

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Deutsche Börse AG, the German stock exchange headquartered in Frankfurt, has included crypto in its strategic priorities for the next few years.  According to the strategic report “Horizont 2026”, published on Nov. 7, Deutsche Börse seeks “an expansion of the leading position in the area of ​​digital platforms for existing and new asset classes.” The company believes that, in the long run, there is “further growth potential from new technologies through the digitalization of existing or new asset classes.” Hence, it intends to accelerate the development of its blockchain-backed D7…

Cloud firm Datadog Beats Street Q3 2023 Estimates, DDOG Stock Price Shoots 28%

Datadog has further given an optimistic outlook for the entire year of 2023 while forecasting Q4 revenue between $564 million and $568 million. On Tuesday, November 7, cloud monitoring software firm Datadog Inc (NASDAQ: DDOG) reported stronger-than-expected results for Q3 2023 following which its stock price shot up by 28%, thereby registering the highest-ever single-day gains. Datadog Performance in Q3 2023 The company reported Q3 2023 revenue of $547.5 million, marking a 25% year-over-year increase and surpassing estimates. This growth rate aligns with Q2 results. Analysts, surveyed by LSEG (formerly…

Bernstein’s stock picks to play the expected bitcoin ETF and halving

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Crypto investors are returning attention to two big catalysts – a bitcoin ETF and the Bitcoin halving – and Bernstein has ways to play each. Crypto is entering a seasonally upbeat period for markets just as investor interest in crypto has been brought back to life thanks to renewed optimism in recent weeks around a potential bitcoin ETF being approved in 2024. Even as investors debate whether or not that expected approval has been priced in to the performance of crypto assets and stocks, there’s another positive catalyst set to…

London Stock Exchange Group seeks digital assets director amid regulatory shifts

The London Stock Exchange Group is expanding its fintech horizons by recruiting a director for digital assets, navigating the complex interplay between innovation in blockchain technology and the UK’s tightening financial regulations. The London Stock Exchange Group (LSEG) has sparked interest in the financial technology sector with its latest job listing for a director of digital assets. The position indicates LSEG’s commitment to integrating digital assets, cryptocurrencies, and distributed ledger technology into its operational fabric. The role, as advertised, entails developing and executing a commercial strategy for new infrastructure solutions,…

London Stock Exchange seeks digital assets director

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The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it’s seeking a director of digital assets.  LSEG says it is looking for candidates who have a “passion for and understanding of digital assets, cryptocurrencies and distributed ledger technology,” among other skills and requirements. According to the posting the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well…

Jack Dorsey’s Block stock jumps as Cash App’s Bitcoin revenue hits $2.42b

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Block, Inc. reported a significant 37% increase in Bitcoin revenue in Q3 2023, reaching $2.42 billion, with an overall net revenue boost of 24% to $5.62 billion year-over-year. Block, Inc., spearheaded by Jack Dorsey, has made headlines with a notable 37% surge in Bitcoin (BTC) revenue in Q3 of 2023, amassing $2.42 billion as opposed to the $1.77 billion reported in the same quarter of last year. This leap in revenue is paralleled by a 22% increase in Bitcoin gross profit, escalating from $37 million in Q2 2022 to $45…

SNB Working With SIX Stock Exchange, 6 Banks on Wholesale Central Bank Digital Currency Pilot

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