Wall Street Firm Doubles Down on AMC Warning

Loop Capital has come out swinging against AMC Entertainment, the meme stock that has defied all odds this year. According to CNBC, Loop analysts have doubled down on their AMC warning, reiterating a “sell” rating on the stock. The reason they cited was “too many screens,” even as the movie chain is in the midst of an expansion push in which it plans to grow its footprint.

AMC investors have heard it all before, and they maintain that they are not going anywhere. The stock price was meandering between positive and negative territory before the bears gained control and

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Antivirus firm Norton to offer cryptocurrency mining | Cryptocurrencies

Millions of people will soon be able to mine cryptocurrencies without installing any extra programs after the antivirus company Norton announced plans to add the feature to its LifeLock security software.

The company says the new feature, Norton Crypto, is intended to allow users to put their computers to work mining cryptocurrency – and eventually earning real money – without needing to risk using unvetted software.

“We are proud to be the first consumer cyber safety company to offer coinminers the ability to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency,”

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Firm founded by son of China finance tsar invests heavily in tech

An investment firm founded by the son of China’s most powerful financial official has invested heavily in technology companies, including units of leading Chinese internet groups Tencent and

Liu Tianran, son of vice-premier Liu He, was listed as chair of Tianyi Ziteng Asset Management, also known as Skycus Capital, when the firm was established in Zhejiang province in late 2016, according to corporate records seen by the Financial Times. Ten people, five of whom have worked with Liu Tianran, confirmed that he is Liu He’s son.

According to corporate filings, Liu Tianran relinquished the chair role at Skycus in

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Crypto financial services firm Babel Finance raises $40 million in Series A funding

Babel Finance, the Asia-based, crypto-focused financial services firm, announced Monday that it raised $40 million in Series A funding.

Participants in the round included Tiger Global Management, Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann, according to a press statement. Babel said that some of the firm’s existing investors all took part. 

“The alliance with our new investors from traditional finance is a critical step for us to offer more innovative products, strengthen compliance controls, and ultimately provide a full suite of reliable services to meet the growing demand from mainstream investors who are keen to add

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Mysterious death of the CEO of Canada’s largest cryptocurrency firm explored in documentary

Is Gerald Cotten, the late CEO of Canada’s largest cryptocurrency exchange QuadrigaCX really dead? 

That’s just one of the questions explored in the documentary Dead Man’s Switch a crypto mystery (part of the 2021 Hot Docs festival), which takes you on a deep, but explanatory, dive into the mysterious death that left $215 million dollars in cash and cryptocurrency missing.

Back in 2018, 30-year-old Cotten took a trip to India with his now widow Jennifer Robertson for their honeymoon and to open an orphanage. Nine days later Cotten is believed to have died due to complications of Crohn’s disease,

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