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Grocery inflation just hit its peak after a single banana was sold for $6.2 million on Wednesday. Cryptocurrency entrepreneur Justin Sun dropped over $6 million on the piece of produce — because it was duct-taped to a wall. The banana is part of a piece of artwork called "Comedian," created by the Italian artist and satirist Maurizio Cattelan. People view Maurizio Cattelan's "Comedian" on Oct. 25, 2024, in New York City. But the value of the artwork is not in the banana itself — it's derived from the certificate accompanying the purchase.

Persons: Justin Sun, Maurizio Cattelan, Maurizio Cattelan's, John Nacion, Sun, —, Sun's, ’, ” David Galperin Organizations: Getty, CNBC, Associated Press, Art Basel Miami Locations: Italian, New York City, John

☆ Viral banana artwork has sold again — this time for $6.24 million
▼ + stars: | 2024-11-21 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

But artist Maurizio Cattelan’s viral creation, titled “Comedian,” has proven a sound investment for one collector: One of the artwork’s three “editions” smashed estimates to sell for $6.24 million at a Sotheby’s auction in New York on Wednesday. The auction house had estimated the work to go for between $1 million to $1.5 million; bidding began at $800,000. Prior to the sale, Sotheby’s confirmed to CNN that neither the tape nor, thankfully, the banana are the originals. The Miami installation was eventually removed amid public safety concerns, but all three editions were sold at the fair. In interviews given since the Miami installation, Cattelan has described “Comedian” as a work of commentary.

Persons: Maurizio Cattelan’s, ”, , Oliver Barker, Sotheby’s, Justin Sun, ” Sun, “, ’, Marcel Duchamp’s, David Datuna, David Galperin, ” Galperin Organizations: CNN, Art Basel Miami Beach, Guggenheim, Art Newspaper, Leeum Museum of Art, Seoul National University Locations: New York, Miami, Americas, Seoul, South Korea, London, Paris, Milan, Hong Kong, Dubai, Taipei, Tokyo, Los Angeles

☆ Crypto investor pays $6 million for a banana — and plans to eat it
▼ + stars: | 2024-11-21 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of crypto and viral art. Sotheby's last night auctioned off the infamous banana, titled "Comedian," created by Italian artist and cultural prankster Maurizio Cattelan. People look at Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," during a press preview at Sotheby's in New York, on October 25, 2024. The seller of the Sotheby's banana had purchased it from one of the original buyers and was reselling it.

Persons: Maurizio Cattelan's, Kena Betancur, Robert Frank, Crypto, Justin Sun, Maurizio Cattelan, Sun, Sotheby's, Timothy A, Clary Organizations: Afp, Getty, Art Basel Miami Beach Locations: New York, Italian

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5% APY
▼ + stars: | 2024-11-20 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ Who’s Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby’s
▼ + stars: | 2024-11-20 | by ( Zachary Small | ) www.nytimes.com time to read: +1 min

A banana that for years has stirred controversy in the art world sold for $6.2 million with fees at Sotheby’s contemporary art auction on Wednesday night. It became what is arguably the most expensive fruit in the world — though it will likely be tossed in a couple days. It comes with a certificate of authenticity and installation instructions for owners to replace the banana — if they wish — whenever it rots. “Returns in the market have been flat or decreasing over the last decade,” said Michael Moses, who tracks the investment potential of artworks for clients. “It’s a fascinating asset because you can get so much joy from it that people are willing to accept lower returns.

Persons: ”, Maurizio Cattelan, Justin Sun, Michael Moses, “, Joy, Sun Locations: Chinese

☆ Kids made fun of my unusual name growing up. It shaped my personality, and I've embraced it.
▼ + stars: | 2024-11-20 | by ( Dixie Gillaspie | ) www.businessinsider.com time to read: +5 min

Growing up in Dixie, surrounded by more common names like Mary and Jane, made me who I am. Mary, Jane, or Ann would do nicely. AdvertisementIn the company of my peers a name like Dixie meant being teased, even tormented, with nowhere to hide. AdvertisementI've embraced my unusual nameKids weren't the only ones to think my name was an invitation to innuendo and amusement. AdvertisementI have to wonder if I would have developed a milder personality if Dad had his way and I'd ended up a Mary, Jane, or Ann.

Persons: Mary, Jane, David, Nobody, didn't, Ann, Dixie Diane, Dixie, Hey Dix, giggles, Richard, it's, I've, Badfinger, Dizzy Gillespie, Dad, I'd, Marys, Janes Locations: Dixie, Jennifers

☆ 51-year-old earns over $70,000 in one of the most in-demand jobs in the U.S.—and it doesn't require a degree
▼ + stars: | 2024-11-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

Roofing is also one of the fastest-growing jobs in the U.S., with nearly 15,000 jobs expected to be added each year over the next decade. She launched her own roofing business, B. Barela Construction, in February 2021. Her combined income from running B. Barela Construction and working in real estate is more than $70,000 (she declined to share her exact salary). Ahead of her fourth year in business, Tena says she hopes to scale the business into a full-time career. She attended Santa Fe Community College on and off between 1995 and 2002, waffling between entering business, law or real estate, but never finishing her bachelor's degree.

Persons: Bridgette Tena, Tena, they've, Tena's, Lino Barela, We're, — Organizations: CNBC, U.S . Department of Labor, Santa Fe Community College, Realtors Locations: Santa Fe , New Mexico, U.S, Santa Fe, New Mexico, Denver , Colorado, Santa

☆ How Trump's rich Cabinet members could save millions thanks to a little-known tax break
▼ + stars: | 2024-11-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo of the reported candidates for Treasury Secretary made their fortunes on Wall Street, including billionaire Apollo CEO Marc Rowan. Eligible federal appointees can defer capital gains taxes indefinitely when they sell stock or other assets in order to avoid a conflict of interest. As a top earner in New York, they would normally have to pay more than $3 million in capital gains taxes. The sum that would have been spent on capital gains taxes is now free to compound and grow. The IRS allows investors to defer capital gains taxes in other scenarios that are deemed outside their control.

Persons: Donald Trump's, Trump, Howard Lutnick, Cantor Fitzgerald, Major Trump, Chris Wright, Marc Rowan, Bush, Goldman Sachs, Henry Paulson, George H.W, Bob Willens, You've, Scott Bessent, frontrunners, eyeing Rowan, Kevin Warsh, Morgan Stanley, Warsh, Jane Lauder, Rowan, Ed Renn of Withersworldwide, Penny Pritzker, Mark Parthemer, Willens, Renn Organizations: Commerce, of Energy, Treasury, Executives, Columbia Business School, Federal Reserve, Government, IRS Locations: George H.W . Bush, New York

☆ How a viral, duct-taped banana came to be worth $1 million
▼ + stars: | 2024-11-17 | by ( ) www.cnbc.com time to read: +4 min

But a banana duct-taped to a wall? That might sell for more than $1 million at an upcoming auction at Sotheby's in New York. The yellow banana fixed to the white wall with silver duct tape is a work entitled "Comedian," by Italian artist Maurizio Cattelan. Now, the conceptual artwork has an estimated value of between $1 million and $1.5 million at Sotheby's auction on Nov. 20. When asked to compare Cattelan's banana to a classic like Monet's "Nymphéas," Galperin says impressionism was not considered art when the movement began.

Persons: Maurizio Cattelan, David Datuna, David Galperin, Galperin, Sotheby's, Cattelan, Chloé Cooper Jones, Cooper Jones, Claude Monet Organizations: Art Basel Miami Beach, Columbia University School of, Arts Locations: Miami Beach , Florida, Sotheby's, New York, Italian, Selfie, Miami

☆ Eight killed in stabbing attack at vocational college in eastern China
▼ + stars: | 2024-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

BEIJING — A former student went on a stabbing rampage at a vocational college in eastern China on Saturday, killing eight people and wounding 17 others, police said, adding it appeared the suspect was angry over not getting his graduation certificate and failing an exam. The knife attack took place at the Wuxi Vocational College of Arts and Technology in Yixing, part of Wuxi city in the eastern province of Jiangsu. The suspect was apprehended at the scene and confessed to his actions, police added. “According to preliminary investigations, the suspect, surname Xu — male, 21 years old, a 2024 graduate of the college — attacked others after failing an exam and not receiving his graduation certificate, as well as being dissatisfied with his internship compensation,” a statement by the Yixing Public Security Bureau said. It added that efforts were underway to treat the injured and investigate the case.

Persons: Xu —, — Organizations: Wuxi Vocational College of Arts and Technology, Yixing Public Security Bureau Locations: BEIJING, China, Wuxi, Yixing, Jiangsu, Zhuhai

☆ Eight killed and 17 injured in mass stabbing in eastern China
▼ + stars: | 2024-11-16 | by ( Steven Jiang | Shawn Deng | ) edition.cnn.com time to read: +1 min

CNN —Eight people were killed and 17 others injured in a stabbing attack on a college campus in the eastern Chinese city of Yixing on Saturday, police say. The attack is the latest mass casualty incident to hit China. Last Monday, 35 people were killed after a car plowed into pedestrians who were exercising in the southern Chinese city of Zhuhai, injuring over 40 people. As news of the attack spread, censors swooped in to take down online videos of the attack and moderate social media discussionsIn October, police arrested a 50-year-old man after a stabbing attack near an elementary school in Beijing injured five people, including three children. In September, three people were killed and 15 others injured in a knife attack at a suburban supermarket in Shanghai.

Persons: “, swooped Organizations: CNN, Wuxi Vocational Institute of Arts and Technology Locations: Yixing, Wuxi, China, Zhuhai, Beijing, Shanghai, Tai’an, Shandong province

Delta Air Lines allows buyers to personalize gift cards with photos and is shipping gift cards for free through Dec. 13. Royal Caribbean sells gift cards that can be redeemed for a cruise booking, but not pre-cruise purchases such as shore excursions, beverage packages and internet. Intrepid Travel, which specializes in sustainable tours for small groups, lets gift buyers purchase specific tours for another person. Other websites offer gift cards that aren't tied to specific brands, but reviews are mixed on some of those companies. For example, Finnair gift cards expire in one year, while Airbnb gift cards aren't available in every region.

Persons: Zs, millennials, Reddit, Rick Steves, Hilton Organizations: American Airlines, Delta Air Lines, Marriott, Royal, Intrepid Locations: Italy, Rick Steves Italy, Lyft, Royal Caribbean, U.S

☆ Quincy Jones’ cause of death revealed
▼ + stars: | 2024-11-13 | by ( Dan Heching | Cheri Mossburg | ) edition.cnn.com time to read: +4 min

Bob Parent/Hulton Archive/Getty Images Jones performs with his band in Vienna, Austria, in 1960. brandstaetter images/Hulton Archive/Getty Images Jones works with Frank Sinatra on a soundstage in 1964. Benainous/Reglain/Gamma-Rapho via Getty Images Jones poses with the six Grammys he won in 1991. Patrick Kovarik/AFP/Getty Images Jones and Oprah Winfrey appear on the red carpet together at the Academy Awards in 1995. Lois Bernstein/AP Jones poses for a photo with his daughters Kidada Jones and Rashida Jones in 2005. Charley Gallay/Getty Images Jones poses for a portrait during the Toronto Film Festival in 2018.

Persons: Quincy Jones, Jones, Ray Charles, Frank Sinatra, Michael Jackson, Bobby Holland, Michael Ochs, Bob Parent, John Dominis, Duke Ellington, David Redfern, Peggy Lipton, Shutterstock Jones, Doug Pizac, Lou Rawls, Ron Galella, Stevie Wonder, Sunny Bak, Will Smith, Miles Davis, Courtney Sale Ross, Richard Corkery, Eddie Murphy, Rick Maiman, Patrick Kovarik, Oprah Winfrey, Lois Bernstein, Kidada Jones, Rashida Jones, Donato Sardella, Kevin Mazur, Barack Obama, JIM WATSON, Michael Caine, Denise Truscello, Naomi Campbell, Charley Gallay, Chris Pizzello, ”, Lisa Respers France, Alli Rosenbloom Organizations: CNN, Associated Press, Michael Ochs Archives, Getty, CBS, HBO, United Negro College Fund, Lille, Montreux Jazz, Academy, Jones, White House, Toronto Film, Theatre, Abaca Press, AP, Recreation Locations: Bel Air , California, Los Angeles, Vienna, Austria, Redferns, Beverly Hills, Cannes, France, Switzerland, AFP, Haiti, Hollywood, Las Vegas

☆ The interest rate on my high-yield savings account keeps dropping. I asked 3 experts how to earn more on my cash.
▼ + stars: | 2024-11-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

My bank has lowered the APY on my high-yield savings account by almost half a percent recently. AdvertisementIt's never pleasant to receive an email from your bank informing you that the interest rate on your high-yield savings account is decreasing. From August until the end of October, the annual percentage yield (APY) on my high-yield savings account has fallen from 4.6% to 4.2%. After paying off my bills every month, I would put the remainder of my paycheck into my high-yield savings account and watch the number creep up. Is there anything I can do about the state of my savings account, or do I have to watch my yield erode away slowly?

Persons: I'm, —, I've, Jerome Powell, Patti Black, it's, Jerome Powell's, Black, Daniel Milan, Milan, that's, Richard McHorter, There's, McHorter, Trump's, What's, Zer, Christine, cji Organizations: Service, Federal Reserve, Savant Wealth, Cornerstone Financial Services, SRM Private Wealth, Treasury Locations: Milan, California, New York City

☆ When I was 11, I made a friend who changed the trajectory of my life. She inspired me to go to college and try harder.
▼ + stars: | 2024-11-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

But my friend Gerry knew exactly how much she wanted to succeed in life before she was 11. AdvertisementI rarely see my four besties from middle and high school. Still, we all got together in the summer of 2016 for lunch at a fancy hotel to mark the 30th anniversary of our high school graduation. Related stories"I owe a lot to Gerry," my friend, Louise, announced. To my surprise, she said she might have dropped out of high school if it hadn't been for Gerry.

Persons: Gerry, —, Geraldine —, Gerry —, Julia White, Here's, She'd, she'd, Louise, I'd, didn't, Gerry Meanwhile, I've, hadn't Organizations: Service, Business Locations: England, Australia, London, New York

If he wins the election in November, he has pledged to follow a similar course on another contentious policy proposal: ending birthright citizenship. Under Trump’s proposal, at least one parent would need to be a citizen or legal resident for a child to receive birthright citizenship. Trump had pledged to end birthright citizenship when first running for president in 2015 and he raised it again in 2018. Opponents of birthright citizenship say that language means citizenship is denied to anyone whose parents are not legally in the country. Sometimes relevant information could be hard to determine, such as if the immigration status of an absent parent is not known to the other.

Persons: WASHINGTON, Donald Trump, Trump, ” Trump, ”, Omar Jadwat, “ It’s, Mark Krikorian, Paul Ryan, Ken Cuccinelli, Cuccinelli, Christopher Hajec, James Ho, Ho, Wong Kim Ark, ” Hajec, “, Emma Winger Organizations: Supreme, American Civil Liberties Union, Center for Immigration Studies, American Immigration Council, . Citizenship, Immigration Services, Republican, of Homeland, Trump, Heritage Foundation, Immigration Reform Law Institute, Circuit, Appeals, Social Security Administration, State Department, Department of Homeland Security, Social Locations: U.S, United States, New Orleans, States, San Francisco, China

The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.

Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, “, ”, ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, “, Europe

☆ I'm an American who got citizenship in 2 European countries without setting foot in either one. Here's how I did it.
▼ + stars: | 2024-11-07 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +6 min

However, after doing a lot of research and submitting so much paperwork, I was granted citizenship in Poland and Portugal before ever setting foot in either country. Most countries require original documents issued in that country, such as a birth certificate or baptismal certificate, to successfully apply for citizenship. It was worth it for me to look into alternative paths to citizenship, tooThere was a temporary law that helped me gain Portuguese citizenship. AdvertisementI was able to get Portuguese citizenship by proving I am a descendant of Sephardic Jews who were expelled from the Iberian Peninsula in the 15th Century. I didn't get Portuguese citizenship until nearly three years after I applied.

Persons: —, Steve Ballmer, isn't, Jamie Davis Smith, didn't Organizations: Service Locations: Poland, Portugal, United States, America, Spain, Franco, Austria, Germany

☆ Josh Stein will win North Carolina governor’s race, CNN projects
▼ + stars: | 2024-11-05 | by ( Arit John | ) edition.cnn.com time to read: +3 min

CNN —Democratic state Attorney General Josh Stein will win North Carolina’s gubernatorial race, CNN projects, defeating Republican Lt. Gov. Stein, who is currently serving his second term as attorney general, will become the state’s first Jewish governor. Though Democrats predicted a competitive race in the state, Robinson’s history of inflammatory comments ultimately doomed his campaign. Ahead of and after the story’s release, Robinson rejected calls from Republicans to drop out of the race. Born in Washington, DC, Stein’s family relocated to North Carolina when he was young.

Persons: Josh Stein, Mark Robinson, Stein, Roy Cooper, Robinson, ”, Pat McCrory, Sen, Thom Tillis, Adam Stein Organizations: CNN, Democratic, North, gubernatorial, Republican, Gov, Democratic Gov, Republicans, GOP, Dartmouth College, Harvard University Locations: Nazi, Washington ,, North Carolina, Greensboro, Parkland , Florida

☆ OpenAI is making moves toward becoming a for-profit company
▼ + stars: | 2024-11-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

OpenAI is one step closer to becoming a for-profit company. A for-profit structure would be much more conventional for the investors OpenAI is courting. Reports of the California attorney general's involvement in the process indicate the company is one step closer to formalizing the unprecedented shift, which would require the attorney general's approval. Neither OpenAI nor the California attorney general's office immediately responded to Business Insider's request for comment. A for-profit structure would be much more conventional for the big-name investors OpenAI is increasingly courting, including Microsoft and Nvidia.

Persons: —, Sam Altman, general's, OpenAI, Rob Bonta, Bret Taylor Organizations: Bloomberg, Service, Microsoft, Nvidia Locations: California, Delaware

☆ U.S. citizen who helped Russia from Ukraine appears in Moscow
▼ + stars: | 2024-11-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

MOSCOW — A U.S. citizen who was spirited out of eastern Ukraine by Russian special forces after helping the Kremlin target Ukrainian troops said in Moscow on Saturday he had asked for Russian citizenship. He said he was under no duress, wanted to receive Russian citizenship and predicted Russia would win the war in Ukraine. Martindale, who said he had worked as a missionary, said he entered Ukraine from Poland in early 2022, just days before President Vladimir Putin ordered thousands of troops into Ukraine. Martindale said that while in Ukraine, he had established contact with pro-Russian forces via Telegram and passed them information from Donetsk region in eastern Ukraine. Russian forces had even delivered a telephone to him with a drone, the Izvestia newspaper reported.

Persons: Daniel Martindale, ”, Martindale, Vladimir Putin, “ I’ve Organizations: MOSCOW, Kremlin, Embassy, Telegram Locations: Ukraine, Russian, Moscow, Russia, The U.S, Poland, Donetsk

☆ Triplets are becoming less common in the United States. Here’s why
▼ + stars: | 2024-10-31 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +10 min

CNN —Giving birth to triplets, quadruplets or even more has become increasingly less common in the United States. It’s not just guidance around embryo transfers that has changed in the past decades, possibly leading to declines in triplets and higher-order births. Separately, she called the new NCHS report, showing a decline in triplets and higher-order multiple births, “fantastic news” for maternal and infant health. But there are many other types of assisted reproductive technology, which could be factors driving these racial disparities, she said. “So we can’t conflate assisted reproductive technology with IVF.

Persons: ” Joyce Martin, Micah Hill, Hill, ” Hill, ”, “, it’s, It’s, Amanda Williams, NICU, ” Martin, Michelle Osterman, Nadya Suleman, Asima Ahmad, ” Ahmad, White, ’ Williams, Dr, Sanjay Gupta, ” Williams, conflate, Black, Rachel McConnell Organizations: CNN, US Centers for Disease Control, CDC’s National Center for Health Statistics, National Center for Health Statistics, Society for, Reproductive Technology, American Society for Reproductive Medicine, Vital Statistics, Get CNN, CNN Health, Columbia University’s Vagelos, of Physicians and Surgeons Locations: United States

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5.15% APY
▼ + stars: | 2024-10-30 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ I started seeing a therapist when my job as a Singapore Airlines flight attendant got too stressful. It changed my career path.
▼ + stars: | 2024-10-29 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Abby Ooi, a therapist, graduate student, and former Singapore Airlines flight attendant. I wanted to become a flight attendant — something I had fantasized about since I was young. But a few months into my second year of working for Singapore Airlines, I started experiencing a lot of stress. After 6 years at Singapore Airlines, I left in February and moved to Sydney a week later. A representative for Singapore Airlines did not respond to a request for comment from BI.

Persons: Abby Ooi, —, Ooi, Eager, I'm Organizations: Service, Singapore Airlines, Monash University, University of Sydney Locations: Malaysia, Singapore, of, New York City, California, Sydney, San Francisco

☆ This crypto business just acquired a Swiss asset manager to take their business to the next level
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +4 min

The acquisition of Crypto Finance Asset Management by Matrixport is taking the crypto financial services hub into new markets. The new acquisition is an entry point to the European crypto asset management marketKeen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the European crypto asset management market. With such an array of services available, the acquisition enables clients access to innovative crypto asset management products.

Persons: Matrixport, Keen, CFAM Organizations: Crypto Finance, Management, Asset Management, Deutsche Börse, Matrixport Asset, Swiss Financial Market Supervisory Authority, MAM, US Securities, Exchange, underwriters, APEX Group, Insider Studios Locations: Swiss, Europe, Hong Kong, Matrixport

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