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(Bloomberg) -- Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company’s accounting practices.Matthias stepped down as chairman of the supervisory board for personal reasons, and will be replaced by Thomas Eichelmann, the Aschheim, Germany-based company said Friday in a statement. Matthias will remain a member of the board.The payment processor’s shares have whipsawed for more than a year after several media reports raised questions about accounting methods, all of which the company has rejected. The concerns relate to Wirecard’s Singapore operations. Wirecard has said its reporting obligations were “followed properly.” Shares are down more than 40% from their peak in March 2018.Eichelmann was a member of Wirecard’s supervisory board and head of the body’s audit committee. He has held various other supervisory positions over the past decade, including at construction group Hochtief AG and financial services company Wuestenrot & Wuerttembergische AG.Supervisory boards in Germany play...
It has been a fantastic year for equity investors as Donald Trump pressured Federal Reserve to reduce interest rates and finalized the first leg of a trade deal with China. If you were a passive index fund investor, you had seen gains of 31% in your equity portfolio in 2019. However, if you were an […]...
With its drastic price swings over the last year, it may come as a surprise to learn that almost 60% of Bitcoins haven’t moved in the last 12 months. According to findings by Digital Assets Data, a fintech company building cryptocurrency data feeds, as many as 10.7m Bitcoins have stayed put for more than a year. This amounts to 59% of the current supply of BTC (or approximately $84.5bn). This indicates widespread HODLing of BTC, which could be an extremely bullish sign for the market. Rather than trading or transferring their Bitcoins, the majority of users are holding their digital assets, confident that higher prices are on the horizon. Founder of blockchain PR agency EAK Digital and organiser of IstanbulThe post 60% of Bitcoins haven't moved for more than a year appeared first on Coin Rivet....
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Let's talk about the popular Alphabet Inc. (NASDAQ:GOOG.L). The company's shares saw a significant share price rise of......
