Aswath Damodaran has written a concise and informative post on the rise, mechanics and future (as he sees it) of cryptocurrencies. It’s worth reading. He sees digital currencies competing with fiat currencies sooner rather than later, but is “hard pressed to find a winner on the current list.” He thinks that could change if the […]
Day: 5 August 2017
Fidelity Adds To Stake In Best Pacific
FMR LLC (Fidelity) recently increased their stake in HK-listed Best Pacific International Holdings Limited (Best Pacific). According to a filing submitted to the Hong Kong Stock Exchange on July 31st, 2017, Fidelity bought 3,424,000 shares on the exchange at an average price of HKD 4.5747 per share on July 26th (total consideration was ~US$2.0m). Following the […]