Prime Archives -
Haitian President Jovenel Moise announced on Sunday that Jean-Henry Céant will be the nation’s new prime minister.
CNN.com – RSS Channel – Regions – Americas
A San Diego whistleblower will receive $ 17.2 million with the settlement of a 7-year-old false claims lawsuit against Prime Health Care regarding overbilling for Medicare services at 14 California hospitals.
The U.S. Department of Justice announced Friday that it has reached a $ 65-million settlement…
Imran Khan has claimed victory as Pakistan’s new prime minister. CNN looks at how he turned from cricketer, to politician.
CNN.com – RSS Channel – World
Coinbase, the San Francisco-based cryptocurrency exchange already valued as high as $ 8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $ 20 billion prime client and got its ads reinstated on Facebook.
$ 20 Billion Hedge Fund
Coinbase has been focusing on big institutional money recently, launching a custodial service this month and, earlier this year, establishing Coinbase Prime, a suite of tools specifically designed for institutions, along with an institutional coverage group headquartered in New York City to provide a higher level of service to these type of clients. And the strategy has apparently now started to bear fruit.
A $ 20 billion hedge fund has already signed up for the prime business according to “people familiar with the matter” cited by Business Insider. And additional massive hedge funds are being worked on by the Coinbase Prime team to possibly join the trading venue too. The lack of a prime brokerage to use is seen as the main hurdle for getting big money trading crypto as institutional players don’t like to risk it with a direct exposure to an exchange. Coinbase may have solved the issue by launching its own prime service, something that on Wall Street is usually reserved for mega-banks. The company is also reportedly planning to offer margin finance as early as the end of the year, allowing institutional investors to trade on borrowed capital for increased leverage.
Coinbase Ads Back on Facebook
The company also got good news on its retail side of the business, with its promotional posts allowed back on Facebook. CEO Brian Armstrong announced on social media that: “Facebook banned ads for crypto earlier this year. Proud to say we’ve now been whitelisted and are back introducing more people to an open financial system.”
After banning all crypto ads in January, Facebook has updated its policy in June to allow promotional content from “pre-approved advertisers.” With its position in the US market, and the money it can afford to spend on lawyers, its little surprise that Coinbase made it on the list.
Are these positive developments for the wider US crypto ecosystem? Share your thoughts in the comments section below.
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Amazon’s “epic day (and a half)” is here: The 4th Prime Day began at 3pm ET Monday and will run 36 hours, up from last year’s 30. Or, for some would-be customers, a portion of 36 hours: Some shoppers ran into issues accessing the site right after the sale began…
President Trump’s advice to Theresa May over the tense negotiations over Britain’s exit from the European Union included suing the bloc, the prime minister revealed Sunday.
Haiti’s Prime Minister Jack Guy Lafontant resigned Saturday amid protests sparked by a proposed hike in fuel prices.
CNN.com – RSS Channel – Regions – Americas
Sara Netanyahu, the wife of Israeli Prime Minister Benjamin Netanyahu, has been charged with fraud over misuse of public funds on Thursday.
All members of Amazon Prime now have free access to Wardrobe, Amazon’s fashion service that allows users to try clothes before they buy them. Until now, the service was only offered to a group of beta users. According to recode , Wardrobe-for-all comes with a downside. The site reports that Amazon…