EUR/USD 1.16487
0.201%
Gold 4495.54
0.883%
Oil 87.801
-0.633%
USD/JPY 159.248
-0.166%
GBP/USD 1.34430
0.118%
GBP/JPY 214.065
-0.049%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 29, U.S. Treasury Secretary Bessenter stated at a White House press conference on the 28th that whether the U.S. and Iran can reach a potential agreement depends on whether U.S. President Trump supports it. Earlier that day, U.S. media, citing U.S. officials, reported that U.S. and Iranian negotiators had reached a basic agreement on the terms of a memorandum of understanding, pending final approval from Trump. Bessenter did not directly answer several related questions at the press conference, instead stating that "both teams have been in constant communication and consultation," and emphasizing that "everything depends on what the president wants to do." Bessenter said that Trump has several clear "red lines": Iran must hand over its highly enriched uranium, Iran cannot develop nuclear weapons, and the Strait of Hormuz must remain open.Foreign central banks held $12.829 billion in U.S. Treasury securities in the week ending May 22, compared with a decrease of $20.238 billion in the previous week.On May 29, it was reported that Pushilin, the Russian-appointed leader of the Donetsk region, posted on social media on the 28th that Ukrainian armed forces attacked a maintenance crew vehicle of a local water company, resulting in the deaths of three employees and serious injuries to one. Pushilin said that doctors were doing their best to save the seriously injured employee.Dell (DELL.N) reported an 88% surge in first-quarter sales, driven by demand for AI products, prompting the company to raise its full-year outlook. The company said Thursday it now expects full-year revenue to reach $165 billion to $169 billion, up from its previous range of $138 billion to $142 billion. It also raised its midpoint of adjusted earnings per share guidance to $17.90 from $12.90. Dell reported first-quarter profit of $3.44 billion, or $5.24 per share, compared with $965 million, or $1.37 per share, in the same period last year. Excluding certain one-time items, adjusted earnings per share were $4.86, exceeding analysts expectations of $2.96 surveyed by FactSet. Revenue surged 88% to $43.84 billion. The sales growth was driven by the Infrastructure Solutions segment, whose revenue nearly tripled to $29 billion. This growth was driven by AI-optimized servers and traditional servers. Dell expects its second-quarter revenue to be between $44 billion and $45 billion, with a median adjusted earnings per share of $4.80. According to a FactSet analyst survey, analysts expected revenue of $35.1 billion and adjusted earnings per share of $2.99. Dells stock price surged in after-hours trading, rising more than 12% at one point.Following the release of its financial report, Dell (DELL.N) shares surged in after-hours trading, currently up over 9%.

Banking Behemoth Barclays Buys a Stake in Crypto Firm Copper

Skylar Shaw

Jul 26, 2022 11:35

微信截图_20220726112600.png


One of the biggest banks in the UK, Barclays, has participated in a fundraising round for Copper and is anticipated to spend millions of dollars in the cryptocurrency company, which counts Lord Philip Hammond, a former chancellor of the exchequer, among its advisors.


The investment round for Copper, which offers custody, prime broking, and settlement services to institutional investors investing in cryptoassets, is expected to be completed in the coming days.

Delay of nine months

Despite the recent cryptocurrency meltdown wiping away roughly $40 billion in investor money and more than $2 trillion in market value, Copper has still been able to attract investment from one of the most reputable banks in the world.


Barclays, the world's largest bank, has finished the lengthy investor negotiations that had been put off since November of last year as Copper struggled with a temporary regulatory registration in the UK.


More precisely, the Financial Conduct Authority (FCA) mandates interim registration for digital asset service providers in compliance with money laundering laws. This implies that in order to operate, all crypto-asset enterprises must first seek full FCA registration.


However, Copper subsequently made the decision to become regulated in Switzerland as a result of the financial watchdog's refusal to accept its license registration.


Blockchain.com and Revolut are just two of the many companies that operate under the Temporary Registration Regime (TRR), and more than 100 businesses filed for registration when the FCA took over as the UK's anti-money laundering and counter-terrorism funding body in 2020.

Banking Megacorp

Bloomberg reports that although Barclays has made an undisclosed investment in the "millions of dollars," individuals with knowledge of the situation indicated last year that the funds might increase Copper's worth to around $3 billion. Additionally, the sources said they were uncertain whether the sum raised would be made public.


In 2015, Barclays became one of the first traditional banks to promote cryptocurrency when it started enabling charities to accept contributions made in Bitcoin (BTC) as a form of alternative payment.


However, the bank also has a murky history with cryptocurrencies, having prevented UK-based clients from sending money to Binance by forbidding them from paying the exchange using a credit or debit card. The restriction was implemented soon after the Financial Do Authority said that Binance Markets Limited was no longer permitted to conduct cryptocurrency business in the nation.


Similar to this, Barclays already severed connections with Coinbase and is no longer the bitcoin exchange's financial provider.


In a Series B fundraising round that included Illuminate Financial Management, LocalGlobe, and MMC Ventures and was co-led by Dawn Capital and Target Global last year, London-based Copper received $50 million.

Suggestion