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| October 16, 2018

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Swedish Parliament Votes to Oust Prime Minister

September 28, 2018 |

Sweden’s parliament voted to oust Prime Minister Stefan Löfven in a vote of confidence, deepening uncertainty after an inconclusive election.
WSJ.com: What’s News Europe

Scott Morrison to Be Australia’s Next Prime Minister

August 24, 2018 |

Scott Morrison, formerly Australia’s treasurer, will become the nation’s next prime minister after a leadership challenge put out Malcolm Turnbull.
WSJ.com: What’s News Asia

CNN

New prime minister announced in Haiti weeks after deadly protests

August 6, 2018 |

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

Whistleblower to share in $65-million settlement from Prime Healthcare in Medicare overbilling case

August 4, 2018 |

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…


L.A. Times – Business

CNN

This cricket player is Pakistan’s new prime minister

July 27, 2018 |

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 Gets $20 Billion Prime Client, Ads Back on Facebook

July 22, 2018 |

Coinbase Gets $  20 Billion Prime Client, Ads Back on Facebook

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.

Also Read: The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics

$ 20 Billion Hedge Fund

Coinbase Gets $  20 Billion Prime Client, Ads Back on FacebookCoinbase 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

Coinbase Gets $  20 Billion Prime Client, Ads Back on Facebook
Coinbase ad 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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The post Coinbase Gets $ 20 Billion Prime Client, Ads Back on Facebook appeared first on Bitcoin News.

Bitcoin News

Prime Day Is Full of Secrecy. Here’s What Has Been Revealed

July 16, 2018 |

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…
Newser

Trump advised May to sue EU over Brexit, prime minister reveals

July 15, 2018 |

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.
FOX News

CNN

Haiti’s Prime Minister resigns amid deadly protests

July 14, 2018 |

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