• eToro seeks $5B IPO
    Regulation

    Social trading firm eToro seeks $5B IPO: Report

    The exchange is also reportedly considering a merger with a publicly traded company to achieve a faster ‘entry into Wall Street trading’

    Reports say eToro plans to complete its IPO by the second quarter of next year. The firm is also considering a merger with a special purpose acquisition company—essentially a publicly traded company created to merge with a company that wants to go public without an IPO—to achieve a faster “entry into Wall Street trading.”

  • It's all rainbows and alpacas for eToro CEO Yoni Assia at the Ethereal Summit in Tel Aviv, September 15, 2019 (photo by Molly Jane Zuckerman for Modern Consensus).
    Technology

    How blockchain will ‘eat’ finance: An interview with eToro CEO Yoni Assia

    Modern Consensus sat down with Yoni Assia, the CEO and founder of social trading network eToro, at this weekend’s Ethereal Summit in Tel Aviv

    Yoni Assia is quite confident that traditional finance will eventually fully transition over to blockchain—in his oft-repeated words, “it's going to eat their existing financial systems.” Having begun trading at just 13 years old, the eToro CEO brought the social trading platform into the crypto space in 2010, with a further step towards adoption in the launch of the eToroX crypto exchange earlier this year.

  • 11 crypto firms sued illegal ICOs
    Alt coins,  Asia & Australia,  People

    Reports of Justin Sun’s detention in China greatly exaggerated

    Recuperating from kidney stones, the Tron founder was forced to resort to a live video Q&A in front of San Francisco’s Bay Bridge

    Tron founder and CEO Justin Sun was forced to postpone his $4.6 million lunch with legendary investor Warren Buffett because he had a kidney stone attack, and that’s a good thing.

  • No $4.6 million lunch, but at least Justin Sun has PewDiePie
    Alt coins,  Asia & Australia,  Innovators

    Sick or detained? Tron’s Justin Sun delays Warren Buffet lunch

    Chinese media have reported that the cryptocurrency founder is being detained in China over illegal fundraising, money laundering

    Tron cryptocurrency founder Justin Sun has postponed his high-profile lunch with legendary investor Warren Buffet due either to illness or legal troubles, according to conflicting reports.