Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
Cryptocurrency exchanges that want to use Nasdaq’s proprietary surveillance technology need to have more than money. A team of about 20 people contribute to an elaborate due-diligence process aimed at ensuring that any exchange that wants to use the technology, which scans for fraudulent transaction patterns, is technically capable and morally inclined to use the powerful software wisely………
Source: Nasdaq Is Now Working With 7 Cryptocurrency Exchanges
Bill Ackman, the activist investor who took on Chipotle in 2016, revealed Tuesday afternoon that he has turned his attention to the biggest coffee chain in the world. Ackman’s hedge fund, Pershing Square Capital, has taken a roughly $900 million stake in Starbucks. Ackman unveiled the 15 million-share position—a roughly 1.1% stake—at Grant’s Interest Rate Observer conference in New York on Tuesday. His core investment thesis is that despite recent struggles in same-store sales and a less-than-stellar stock market performance…..
