Social Capital CEO Chamath Palihapitiya recently predicted that Bitcoin will reach $500,000 per coin by the end of this year, based on he trajectory of previous halving cycles. The billionaire venture capitalist’s prediction blows past those of bank analysts at firms like Standard Chartered and Bernstein, who believe the halving will be a significant but…
MoneyGram International Inc. concluded a $398 million leveraged loan repricing after sweetening offer terms last week, as lower-rated firms rush to lower borrowing costs and investors clamor for higher-interest debt. from Bloomberg Markets https://ift.tt/GXpKaUW
San Diego Padres infielder Tucupita Marcano is one of multiple players under investigation by the league for violating the sport’s policy on gambling. https://www.wsj.com/articles/mlb-player-lifetime-ban-gambling-54ead4bc
A juror was dismissed Monday after reporting that a woman dropped a bag of $120,000 in cash at her home and offered her more money if she would vote to acquit seven people charged with stealing more than $40 million from a program meant to feed children during the pandemic. “This is completely beyond the…
The billionaire Bitcoin advocate Michael Saylor has reportedly agreed to pay $40 million to settle an income tax evasion dispute with the District of Columbia Attorney General. The settlement ended the Attorney General’s lawsuit, in which it accused Saylor of falsely claiming to be a resident of Virginia or Florida to underpay taxes. D.C. Nets…
Michael Shaulov is the CEO of Fireblocks, a digital asset security platform that helps financial institutions protect digital assets from hackers and theft. He speaks with Caroline Hyde on “Bloomberg Technology.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/NnwJBAD
Nigel Farage’s critics call him a “shameless opportunist.” On Monday, the Brexit architect picked the perfect moment to deal Rishi Sunak a gut punch — the day before the first TV debate of the UK election campaign and just as a major poll put the prime minister’s ruling Conservatives on track for a historic rout.…
A bankruptcy judge’s ruling to disqualify law firm Vinson & Elkins over its ties to a private-equity client threatens a common legal arrangement. https://www.wsj.com/articles/law-firms-bankruptcy-ouster-casts-shadow-on-private-equity-ties-163cc7ad
It was just a screenshot of a portfolio, posted without comment on Reddit by an account associated with Keith Gill. from Bloomberg Markets https://ift.tt/6XgFmd8
International Paper Co.’s top boss traveled to London to reaffirm his company’s commitment to merger partner DS Smith Plc, downplaying a takeover offer from Suzano SA that threatens to derail their pending £5.8 billion ($7.4 billion) deal, according to people with knowledge of the matter. from Bloomberg Markets https://ift.tt/Q1Bubdt