🪙Uniswap Founder: Biden’s Election at Risk Due to Crypto Regulation Threat!
Uniswap founder Hayden Adams has made a bold statement regarding the cryptocurrency market, emphasizing the widespread adoption of digital currencies among adults. This assertion underscores the increasing relevance and impact of cryptocurrencies in today’s financial landscape. As more individuals embrace digital assets as a viable investment option, the traditional financial sector faces mounting pressure to adapt to this shifting paradigm.
🪙Uniswap Founder: Biden’s Election at Risk Due to Crypto Regulation Threat!
Uniswap founder Hayden Adams has made a bold statement regarding the cryptocurrency market, emphasizing the widespread adoption of digital currencies among adults. This assertion underscores the increasing relevance and impact of cryptocurrencies in today’s financial landscape. As more individuals embrace digital assets as a viable investment option, the traditional financial sector faces mounting pressure to adapt to this shifting paradigm.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
The lead from Wall Street offers little clarity as the major averages opened lower on Friday and then bounced back and forth across the unchanged line, finally finishing mixed and little changed.The Dow added 33.18 points or 0.10 percent to finish at 34,798.00, while the NASDAQ eased 4.54 points or 0.03 percent to close at 15,047.70 and the S&P 500 rose 6.50 points or 0.15 percent to end at 4,455.48. For the week, the Dow rose 0.6 percent, the NASDAQ added 0.1 percent and the S&P gained 0.5 percent.The lackluster performance on Wall Street came on uncertainty about the outlook for the markets following recent volatility.
