Daily Archive: November 28, 2020

SoftBank stock rides Uber and DoorDash to 20-year high

SoftBank Group Corp. rose to a fresh 20-year high as the recent stock market surge boosted the value of holdings like Uber Technologies Inc. and brightened the prospects for portfolio companies going public.

The U.S. ride-hailing pioneer recovered from stumbles after its initial public offering last year and its shares have gained more than 70% this year. Softbank’s 13% stake is worth about $11 billion. The Japanese company is also a major shareholder in U.S. delivery giant DoorDash Inc., which filed to go public this month. SoftBank’s stock gained 2.3% to 7,250 yen on Friday, the highest level since March of 2000 in the midst of the dot-com boom.

Citigroup Inc. earlier this week raised its target price on SoftBank to 11,000 yen from 10,200 yen, citing improved earnings prospects at the Tokyo-based company’s investments business. Nomura Holdings Inc. raised its target to 9,100 yen from 8,190 yen citing the … Read More

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi By Cointelegraph

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities worth $4.2 billion at today’s prices.

According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 (BTC), 833,083 Ether (ETH), 1.4 million (LTC), 27.6 million , 74,167 , 487 million , 6 billion Dogecoin (DOGE), 79,581 (BCH) and 213,724 Tether (USDT) from seven individuals convicted in the case.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by
Read More