ETF issuer Franklin Templeton leads Bitlayer’s $11 million Series A to scale Bitcoin network

Category: Finance

Franklin Templeton is investing in the Bitcoin ecosystem through a $11 million Series A funding for Bitlayer Labs, a Bitcoin layer 2 project. This investment marks the first by an ETF-licensed institution in a Bitcoin infrastructure project, aiming to enhance Bitcoin's scalability and yield-generating opportunities. Bitlayer's technology seeks to improve transaction efficiency while maintaining Bitcoin's security.

Keywords: Bitcoin, Franklin Templeton, Bitlayer Labs

Source: Fortune

Update At: 7/23/2024

Related Sources

What is Ivanka Trump’s net worth? How rich is the former president’s daughter?

Ivanka Trump, daughter of Donald Trump, has a combined net worth of approximately $800 million with her husband Jared Kushner. She has earned wealth through the Trump Organization, retail ventures, and investments. Ivanka graduated from the Wharton School and has been involved in various business endeavors, including a jewelry line and a stake in the Trump International Hotel. After leaving her political role, she is exploring new business opportunities in Miami.

Diario AS

Microsoft Stock (NASDAQ: MSFT) Q4 Earnings Preview: Poised for a Strong Beat - TipRanks.com

Microsoft is expected to report strong Fiscal Q4 results, with analysts predicting revenues of $64.4 billion. The focus will be on AI investments and the performance of the Intelligent Cloud segment, which is projected to grow between 19% and 20%. Despite potential risks from competition and capacity constraints, Microsoft shares have appreciated significantly this year, and Wall Street consensus favors a 'Strong Buy' rating.

TipRanks

Microsoft stock target hiked at BofA on Azure strength By Investing.com

Bank of America raised Microsoft's stock price target to $510, citing strong performance in Azure cloud services and the new Copilot feature. Analysts expect significant growth in Azure and Office 365, with a positive outlook for the company's productivity segments. The firm maintains a Buy rating, reflecting confidence in Microsoft's growth potential.

Investing.com

What's In Store For Microsoft In Q4? Analyst Sees Azure Strength, Double-Digit Revenue Growth Outlook - Microsoft (NASDAQ:MSFT)

BofA Securities analyst Brad Sills maintains a Buy rating on Microsoft Corporation (MSFT) and raises the price target from $480 to $510. He anticipates a 1% upside to the fourth quarter revenue estimate of $64.0 billion, driven by Azure strength and Office E3/E5 premium mix. Sills also projects a $100 million upside to the PBP segment revenue estimate, with potential for the Office business to achieve 20% growth by FY26. Overall, he forecasts double-digit revenue growth despite a slight margin decline due to increased capex.

Benzinga

Stocks making the biggest moves after hours: Intuitive Surgical, Netflix and more

Notable stock movements after market close on July 18 include Netflix's slight dip despite strong earnings, Intuitive Surgical's significant jump following better-than-expected results, PPG Industries' decline due to lower earnings guidance, Plug Power's sharp drop after announcing a stock sale, and Western Alliance's stable performance exceeding expectations.

CNBC

After-hours movers: Netflix, Intuitive Surgical, and more By Investing.com

Trading in financial instruments and cryptocurrencies involves high risks, including the potential loss of investment. Prices are volatile and can be influenced by various external factors. It is essential to understand the risks and seek professional advice before trading.

Investing.com UK

Capitec of South Africa Says Its Systems Hit by Global Outage

Capitec Bank restored all banking services after a global computer outage affected online banking, mobile transactions, and card payments due to an incident at CrowdStrike Holdings.

Bloomberg.com

Market Today: Netflix Falls Despite Strong Earnings, Broadcom Ey

Major U.S. stock indices closed lower, with the S&P 500 down 0.8% and the Dow Jones down 1.3%. Mixed performance in mega cap and semiconductor stocks contributed to the declines. Notable movements included a steep drop for Domino's Pizza and a significant gain for D.R. Horton. The bond market showed slight increases in yields, reflecting softening in the labor market. Netflix's stock dipped despite strong earnings, while Broadcom is in talks with OpenAI for AI chip development. SoFi Technologies ended its winning streak after student loan forgiveness announcements, and SunPower's shares plummeted following operational pauses.

GuruFocus

Five Things You Need to Know to Start Your Day: Europe

Investors are focused on the European Central Bank's rate decision and UK jobs data, with expectations of steady interest rates. Attention is also on potential easing in the euro zone this autumn, as President Christine Lagarde prepares to address the media after the announcement.

Bloomberg

Five Things You Need to Know to Start Your Day: Europe

UK inflation data is anticipated to provide insights on interest rate trends, with increasing expectations for a Federal Reserve rate cut. Some economists express concern that the Fed may delay necessary actions. Meanwhile, HSBC has appointed Elhedery as CEO, and there is a notable shift towards smaller cap stocks as investors await potential easing in monetary policy.

Bloomberg