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Top News In பிரதிநிதி ஆஃப் தி ஒன்றுபட்டது நாடுகள் வளர்ச்சி ப்ரோக்ராம் Today - Breaking & Trending Today

How to turn a software firm into a bitcoin wallet


4 minute read
A bitcoin paper wallet with QR codes and coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. REUTERS/Benoit Tessier
It takes courage to borrow $500 million simply to buy more bitcoin. That’s what MicroStrategy (MSTR.O) boss Michael Saylor is doing with a junk-bond issue that was increased in size on Tuesday. The value of the company’s holdings of the cryptocurrency already make up over half of its $6 billion enterprise value. With bitcoin volatile and its accounting wacky, it could make for a crazy ride.
The company still lists its primary activity as enterprise analytics software, and analysts at Jefferies point to executives statements that the enhanced profile and leading-edge reputation associated with its bitcoin investments are helping that business. But MicroStrategy is becoming mostly about what Saylor has called “digital gold.” That dates back to a review of the company’s capi ....

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Dented by jobs miss, dollar teeters ahead of CPI


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Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo
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The U.S. dollar began the week under gentle pressure, after a second consecutive month of softer-than-expected U.S. jobs data reversed its recent attempts at a rally, as focus shifted to inflation figures and a European Central Bank meeting.
Friday jobs readout, which showed U.S. non-farm payrolls increasing by 559,000 in May, missed market expectations by nearly 90,000 and seemed to cool worries that the recovery was running hot enough to require early tapering of policy support. ....

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Asia shares turn cautious ahead of U.S. inflation


A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File Photo
Asian shares turned lower on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers.
Investors were wary on how shares of major tech firms would react to the G7 s agreement on a minimum global corporate tax rate of at least 15%, though getting the approval of the whole G20 could be a tall order. read more
So far, the reaction was muted with both Nasdaq and S&P 500 futures down 0.2%. EUROSTOXX 50 futures and FTSE futures eased 0.1%. ....

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