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Business 08 Apr 2021 | 7:00 AM

Billionaire Mike Novogratz is shorting rates

NEW YORK: Billionaire investor Mike Novogratz said he’s bought Facebook Inc stock to benefit from crypto’s ascent and is also shorting the five-year Treasury as a hedge against policymakers pulling back monetary support.

Business 30 Mar 2021 | 7:00 AM

Crypto M&A set to notch record, says PwC

NEW YORK: Deal activity in the cryptocurrency sector soared in 2020 and is likely to keep climbing this year, according to a report.