Global-e (GLBE), the cross-border e-commerce platform, has reported a strong start to the year with its first-quarter earnings for 2024 surpassing expectations. The company saw a 32% increase in Gross Merchandise Value (GMV), a 24% rise in revenues, and a 47% growth in adjusted EBITDA. Riding on this momentum, Global-e has raised its full-year guidance,…
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that its parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings. DCG Left with No Recovery…
U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl. Source link
Stephanie Murphy, Tim Ryan, and Pat Toomey — all former U.S. lawmakers — are on the council advising Coinbase on regulatory matters. Kendrick Meek, previously serving as the House Representative for Florida’s 17th congressional district, has joined cryptocurrency exchange Coinbase’s council to address the digital asset regulatory landscape. In a May 20 X post, Coinbase…
Stefan Kimmel is the CEO of M2, an Abu Dhabi based crypto exchange that Kevin O’Leary has described as a next-generation crypto exchange. Why you should listen Based in Abu Dhabi, M2 is regulated by the Financial Services Regulatory Authority, as a trading platform and custodian. It is a part of wave of digital assets…
Get Email Alerts and Follow Us: On May 18, 2024, Mirum Pharmaceuticals revealed important findings at the 56th ESPGHAN Annual Meeting in Milan, showcasing the efficacy of LIVMARLI® (maralixibat) in treating Alagille syndrome (ALGS) and Progressive Familial Intrahepatic Cholestasis (PFIC). Clinical and real-world data indicate significant improvements in patients’ liver health and reduction in pruritus…
In a significant market move, the price of ether (ETH) surged more than 10% to $3.4K after Bloomberg analysts substantially increased the likelihood of the U.S. Securities and Exchange Commission (SEC) approving spot ETH exchange-traded funds (ETFs). Previously, markets had largely anticipated SEC rejections of proposed funds this week. Eric Balchunas, Bloomberg’s Senior ETF Analyst,…
The Bitcoin Asia conference held on May 9 and 10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of bitcoin as a legitimate medium of exchange. This article outlines the strategies and technologies implemented to facilitate seamless bitcoin transactions for goods and services over the two days, leveraging the capabilities of self-custodial…
After a decade-long tenure at Grayscale Investments, Michael Sonnenshein is stepping down as chief executive officer of the cryptocurrency asset manager. He will be succeeded by Peter Mintzberg, currently serving as the global head of strategy for asset and wealth management at Goldman Sachs Asset Management. Mintzberg is set to assume the role of CEO…
Sound bite for Twitter and StockTwits is: Dividend Growth Industrial. Results of stock price testing is that the stock price is probably cheap. Debt Ratios are mostly good. The Dividend Payout Ratios (DPR) are fine. The current dividend yield is good with dividend growth stopped but expected to resume. See my spreadsheet on Mullen Group…