Wednesday, May 12, 2021
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SoftBank-backed mortgage lender Better going public via $7.7 billion SPAC

Pedestrians walk past signage for SoftBank Group outside a store in Tokyo, Japan, Nov. 29, 2018.Kiyoshi Ota | Bloomberg | Getty ImagesDigital mortgage lender Better.com announced Tuesday that it will make its market debut by merging with Aurora Acquisition Corp., valuing Better at $7.7 billion.The company, ranked No. 15 on last

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Bill Gates-backed Ginkgo Bioworks going public via $15 billion SPAC

Boston-based biotech company Ginkgo Bioworks will make its market debut by merging with Soaring Eagle Acquisition Corp., the blank-check company led by former MGM CEO Harry Sloan.Ginkgo was started in 2009 by a team of MIT scientists intent on building made-to-order microbes that enable customers to grow rather than

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Google Pay now lets U.S. users send money to India and Singapore

The Google Pay app now lets U.S. users make money transfers to India and Singapore thanks to integrations with Wise and Western Union.GoogleGoogle is jumping into the massive remittances market.The tech giant's mobile payments service Google Pay announced Tuesday that users in the U.S. will now be able to

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Chinese hotel chain Atour is seeking a $2 billion U.S. listing as tourism rebounds

Shanghai-based Atour will be hoping to benefit from a rebound in tourism in China as it gears up for a U.S. initial public offering.Wang Gang | Visual China Group | Getty ImagesGUANGZHOU, China — Chinese hotel chain Atour is exploring an initial public offering (IPO) in the U.S. which

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Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 for the first time

In 2021, bitcoin and ether have seen huge rallies. In April 2021, the cryptocurrency market topped $2 trillion in value for the first time.Jaap Arriens | NurPhoto | Getty ImagesLONDON — Ether surged past $4,000 Monday to hit a new record high, extending a stunning rally for the world's

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Alibaba’s Ant Group will let more users test China’s digital yuan

A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020.Aly Song | ReutersBEIJING — Ant Group, an affiliate of Alibaba, is becoming one of the first major privately run businesses to work with China's

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The Winklevoss twins’ Gemini exchange now lets you earn interest on your dogecoin

Cameron Winklevoss, left, and Tyler Winklevoss David Paul Morris | Bloomberg | Getty ImagesGemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is going all in on dogecoin.Starting Sunday, the Gemini app will let clients move their holdings in dogecoin into interest-bearing accounts through its Gemini Earn service.The company

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Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

Bank of England Governor Andrew Bailey.Simon Dawson | Bloomberg via Getty ImagesLONDON — Cryptocurrencies "have no intrinsic value" and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.Digital currencies like bitcoin, ether and even dogecoin have

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IPOs are making top investors a fortune — now amateur traders want in

Coinbase employees spray champagne during the company's initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesLONDON — Stock market listings are making founders, venture capitalists and large institutional investors a fortune. Now, retail traders are

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