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While the bond issuance is deemed necessary, it has caused rating agency Fitch to revise its stand on Saudi Aramco from stable to negative.Saudi Arabian multinational petroleum and natural gas company Saudi Arabian Oil Co (TADAWUL: 2222) also known as Saudi Aramco is seeking out a multi-tranche bond deal as
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The demand mimics a play tax enforcers at the IRS deployed against Coinbase. Source
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The seizure on Tuesday, tied to the Silk Road marketplace, is reported to be the largest the U.S. has ever done. Source
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According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under the Special
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The price of Bitcoin (BTC) has declined by more than 3% in the past two days. The pullback of the dominant cryptocurrency comes amid growing regulatory pressure in China and Hong Kong.The daily price chart of Bitcoin. Source: TradingView.comTimeline of exchange FUD in the past monthOn Oct. 16, top Bitcoin futures
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Shanghai-based wealth management company Lufax is looking to raise up to $2.36 billion in its proposed Initial Public Offering for eventual listing on the New York Stock Exchange.Per the report from CNBC, Lufax noted that it would be issuing out 175,000,000 million American Depositary Shares (ADS) and that it would
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The move is part of the bitcoin mining machine producer's plan to build a digital asset financial service platform. Source
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Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens. Source
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The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Ribbit Capital, a major investor in fintech startups including cryptocurrency and blockchain ventures, is seeking to raise $350 million for a “blank check” company that would make acquisitions. While it’s unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, the filing comes at a time of renewed exuberance
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