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Goldman Sachs exec reportedly quits job after making Dogecoin fortune

A senior manager at banking giant Goldman Sachs in London has reportedly left the company after making a fortune on a meme-based cryptocurrency, Dogecoin (DOGE).Aziz McMahon, a former managing director and head of emerging market sales at Goldman Sachs, had resigned from the investment bank, allegedly after netting major gains

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Fortune 500 firm Geely to launch joint blockchain venture in China

Swiss enterprise blockchain developer, the Concordium Foundation, has signed a joint venture agreement with the $200 billion Chinese conglomerate, Geely Holding Group — the largest shareholder in Volvo and a Fortune Global 500 company.  The joint venture will be 80% owned by Geely and 20% owned by Concordium, but operationally

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Bets on Tech Stocks and Cryptocurrencies Brought Small Fortune to US Top Funds in 2020

Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.This year, the coronavirus pandemic has upended the market and challenged investors, both institutional and

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Craig Wright Must Face Trial Over Alleged $11B Bitcoin Fortune as Request for Summary Judgment Denied

The District Court for the Southern District of Florida has denied Craig Wright’s request for summary judgment in a case that involves claims over ownership of about 1.1 million bitcoin (worth over $11 billion).  In an order signed on Monday, Judge Beth Bloom at the Florida court denied Wright’s motion seeking

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Enterprise Blockchain Market Will Hit $21.07 Billion By 2025, Says Fortune Business Insights

A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12.  It stated that: “The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to

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