The largest cryptocurrency exchange, Coinbase, has reported financial results for the first time since its April listing. The company reported first-quarter net income of more than $771 million, more than four times the fourth-quarter 2020 figure of $177 million and more than 24 times the...

The Department of Justice and the US Internal Revenue Service (IRS) have launched an investigation into one of the largest cryptocurrency exchanges, Binance. The investigation into the cryptocurrency trading platform was reported by Bloomberg, citing sources familiar with its details. According to...

Japan's SoftBank Group reported its fiscal year 2020, which ended at the end of March. Its net profit for the period was 5.1 trillion yen ($46.9 billion), a record annual net profit for a Japanese company. A year earlier, the SoftBank Group reported a loss of 962 billion yen ($8.8 billion). The...

According to a recently published report in Bloomberg News, trading with a derivative tied to bitcoin prices for Wall Street investors will be allowed from now on by Goldman Sachs Group Inc.   The report said the trading with non-deliverable forwards that eventually pay out in cash has been...

Investors in Japanese auto companies will be looking out for trading cues given by the companies about their assessment of the future impact of the global chip shortage that has forced major auto companies around the world to curb production even as the analysts expect the biggest auto makers of...

Goldman Sachs has become the first major US investment bank to establish a cryptocurrency trading desk. The team has already successfully traded two types of bitcoin-related derivatives. Goldman Sachs has officially launched the era of cryptocurrency trading on Wall Street. The bank has officially...

With governments considering plans for waiving off of patent protection for Covid-19 vaccines, there was a fall in the shares of vaccine makers. Analysts however said that   investor sentiment could be rattled or impact long term business prospects.   There were some analysts who...

India became the latest country to keep the Chinese telecom equipment making companies Huawei and ZTE from its 5G trials. This decision was taken by the telecom ministry of the country.   In an announcement for entry of telecom companies into the roll out of 5G networks in India, permission...

The media business of Verizon Communications Inc will be sold off by the company. These businesses include those of the iconic brands Yahoo and AOL. The company expects to generate $5 billion from those deals. This move will bring an end to the expensive and unsuccessful foray of the company in the...