The New York-based start-up had been valued at $1.1 billion by private investors last year. But that was before the five-year-old company publicly revealed in January that it lost $67 million on $312 million in revenue in the first nine months of 2019, thanks in part to spending $114 million on marketing.
Bitcoin picked up a bid below $7,000 in early January and has been rising ever since in a textbook bull move: a steady uptrend with regular low-volume pullbacks testing dip demand.
The latest winning streak is preceded by a sharp rise from lows near $6,850 observed in early January. Such solid rallies are often followed by corrections.
Bitbond recieved BaFin approval for its tokenized bond in January 2019, going on to launch Germany's first regulated security token offering (STO) later that year. Established in 2013, the firm originally operated as a blockchain-based lending platform for small businesses, raising more than €5 million (US$5.4 million) in 2017 to finance new loans.
Precinct shares closed yesterday at $1.88, well up on the $1.45 they were trading around in January.
It’s an unfortunate reality that in times of humanitarian crisis, we need to speak more about cybersecurity. We have observed several warning signs. As early as January, COVID-19-branded website domain names began to be acquired. Cyber criminals use these domain names to masquerade as legitimate COVID-19 information sites. They are also sending phishing emails that appear to come from legitimate organizations, such as the US Centers for Disease Control and Prevention and the World Health Organization, but that actually contain malicious links or attachments.