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Nasdaq is looking to give iced tea maker-turned-cryptocurrency miner the boot for attempting to dupe investors with its strange pivot. The U.S.-based, publicly traded Long Island Iced Tea Corp. (LTEA) tripped out analysts in December when it announced it’d be changing its name to Long Blockchain Corp. and announcing plans to invest in cryptocurrency mining […]
February has been a rollercoaster for Bitcoin, with the cryptocurrency plunging from nearly $20,000 in December to US$11,000 at the end of January then down again to under $6,000 in the first week of February before swinging back over $10,000 by February 26. For the bandwagon jumpers and the uninitiated (likely the majority of people), […]
Somewhere between stock and currency Greed isn’t Wall Street’s flaw; it’s not wrong to want and to want more. But what if greed could be shared, collaborative even? It’s the thesis behind South African technologist Richard Craib’s Numerai, the world’s first artificial intelligence hedge fund which uses Numeraire, its newly launched cryptographic token on Ethereum, […]
M&A activity in Japan appears to have picked up in recent months – some of the most notable transactions include a consortium buying Toshiba, KKR’s purchase of Calsonic, and Bain’s rumored winning bid for Takata, among many others. At first glance, this doesn’t appear to be out of the ordinary, as Japan is a large […]
Following less-than-impressive second quarter results, Hudson’s Bay Co. announced it’d be ramping up its real estate strategy in a bid to weather hard times in the retail sector amidst changing trends and growing online competition. The news follows a recent note to shareholders from Jonathan Litt, in which the activist investor and founder and chief investment […]
Touchpoint by Firmex highlights the human dimension of corporate transactions, dealmaking, and the relationships behind them.
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