Half Of Goldman''s Ultra Wealthy Clients Will Be Adding Crypto To Their Portfolio A recent analysis by CapGemini found that there are now a record 21 million millionaires in the world who hold a total $80 trillion in wealth among them. The number of millionaires grew by 7.6% in just the last year alone, despite - or rather thanks to - the coronavirus pandemic. Some have said that if each of these high net worth individuals were to buy and hold just one bitcoin, there would be no more bitcoins in circulation. Of course, that can''t possibly happen: we know that a handful of whale hold the vast majority of bitcoins. So much so that according to JPMorgan just 5% of the roughly 18.7 million bitcoin currently in circulation have actually changed hands in the past year , meaning that millions of bitcoin are held by a handful of accounts. Naturally, we don''t expect every millionaire in the world to want to own bitcoin but many of those who don''t currently will want some exposure. That''s what Goldman Sachs found recently when a survey among its family office clients (read very reach clients) want to add digital currencies to their stable of investments.
According to a report by Nomura, RBL Bank, Yes Bank, and Bajaj Finserv are most impacted as their entire card schemes are allied with Mastercard
The Reserve Bank of Indias decision to stop Mastercard from onboarding new customers for its inability to meet data localisation rules will hurt some banks
Image source: MSP Recovery By Noor Zainab Hussain July 12 (Reuters) - MSP Recovery, which helps recover money from Medicare and Medicaid secondary payments, will go public through a deal with a blank-check firm, giving the combined company an enterprise value of $32.6 billion in the second biggest SPAC merger. The deal with Lionheart Acquisition Corp II is expected to fetch $230 million in proceeds for MSP, it said on Monday. MSP, led by billionaire entrepreneur John Ruiz, collects and analyzes data on the government-backed Medicare and Medicaid insurance claims, and then helps recover money owed to its clients, which include hospitals, health insurers and medical providers. "Medicare and Medicaid pay billions of dollars of healthcare claims they should not pay. This harms taxpayers, the underprivileged, and America''s senior citizens," Ruiz said. "Our tools help fix this broken system." Medicare Advantage plans cater to Americans older than 65 and those with disabilities. The Florida-based company, founded in 2014, earns a fee after a successful recovery.
Summary List Placement Bullish, a cryptocurrency exchange backed by billionaire entrepreneur Peter Thiel, on Friday announced it''s going public in a merger with special purpose acquisition company Far Peak Acquisition in a deal valued at $9 billion. The company is expected to have approximately $600 million in net cash, including $300 million from EFM Asset Management, with participation from BlackRock, Cryptology Asset Group, and Galaxy Digital. The transaction is expected to close by the end of 2021 and is subject to approval by Far Peak stockholders. Bullish was launched by Block.One, a blockchain company that has funded more than 100 entrepreneurs to date. Block.One is backed by Thiel as well as prominent hedge fund managers Alan Howard and Louis Bacon. Among the investors of Bullish are Richard Li, one of Hong Kong''s wealthiest billionaires; Christian Angermayer, a German billionaire entrepreneur; and Japanese investment bank Nomura. Upon completion, Far Peak CEO and chair Thomas Farley will become the CEO of Bullish.
Thiel-Backed Crypto Exchange Merges With SPAC Run By Former NYSE President A few months ago, we reported on a new type of hybrid crypto exchange which combined attributes of the Decentralized Exchanges (otherwise known as a "DEX") that have exploded in popularity this year. The firm, known as "Bullish Global", is now going public by merging with a SPAC run by a former chairman of the New York Stock Exchange, in the latest example of how Wall Street stalwarts continue to embrace "opportunities" in the crypto space. According to CNBC, "[c]rypto startup Bullish plans to go public in a reverse merger with the special purpose acquisition company backed by Tom Farley, the former New York Stock Exchange president." Farleys SPAC, the Far Peak Acquisition Corporation,saw its shares jump roughly 4% on the news in premarket trading. Bullish expects to receive around $600MM in proceeds from Far Peak, leaving the combined company with an implied pro forma valuation of $9 billion. Bullish has gained a lot of profile in part thanks to its coterie of big-name backers.
Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain  The post HBAR Price Prediction appeared first on Altcoin Buzz .
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Nomuras (8604.T) shareholders are getting a flashback to Marchs Archegos fiasco. The Japanese investment bank lost $2.9 billion from the U.S. funds implosion. Now its closing parts of its prime-brokerage division that was at the centre of the mess but not the actual units responsible.
The move comes after Nomura vowed to enhance risk management in the wake of the Archegos loss.
Japans biggest brokerage will stop offering cash prime-brokerage services in the US and Europe, and has given some clients about six months to find a new provider, according to people familiar with the matter, who asked not to be identified discussing the private information. A spokesman for Nomura declined to comment. The pullback comes after Nomura notched up some of the biggest losses from the implosion of the US. family office built by Bill Hwang.
Gareth Nicholson joined the Japanese bank in July after four years at the Bank of Singapore.
© Reuters. Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, in this December 1, 2015 file photo. REUTERS/Toru Hanai/Files TOKYO (Reuters) Nomura Holdings (NYSE:) Inc plans to suspend part of its cash-prime brokerage business after sustaining a $2.9 billion hit from the collapse of U.S. investment
TOKYO (Reuters) Nomura Holdings Inc plans to suspend part of its cash-prime brokerage business after sustaining a $2.9 billion hit from the collapse of U.S. investment fund Archegos, a person familiar with the matter said on Wednesday. The move comes after Nomura, Japans top brokerage and investment bank, reviewed its prime brokerage business and Read More
Nomura Holdings Inc (8604.T) plans to suspend part of its cash-prime brokerage business after sustaining a $2.9 billion hit from the collapse of U.S. investment fund Archegos, a person familiar with the matter said on Wednesday.