US’ Saks Fifth Avenue’s E-Commerce Business Now Standalone Entity

US-based Saks Fifth Avenue’s e-commerce business is now a standalone entity announced by HBC in partnership with the growth capital investor, Insight Partners. The entity will be known as Saks. Insight Partners has made a $500 million minority equity investment in Saks, valuing the business at $2 billion. Marc Metrick will serve as CEO and […]

Why Are Bitcoin Prices Still Plunging?

Regulators in China taking a tougher stance on cryptocurrencies could partially explain the most recent rout in bitcoin prices.

$280 Billion Wiped off Crypto Market as Bitcoin Falls Below $40,000

The digital currency fell over 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data.

Tesla’s U-turn on Bitcoin Payments Sparks $365 Billion Sell-off in Crypto Market

Crypto market dropped over $365 billion in market capitalization after Musk tweeted about suspending the use of bitcoin to purchase Tesla.

Goldman Sachs Director Reportedly Quits After Striking It Rich in Dogecoin

A managing director at Goldman Sachs London office has reportedly left the brokerage after making millions on Dogecoin.

Ethereum Cryptocurrency Passes $4,000 for the First Time

On May 5, 2020, one Ether token was worth $186. One year later, the cryptocurrency hit $4,000 for the first time, a rise of over 2,100%.