top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


13 Apr 2022

Hollywood Celebrities Invest $87 Million in Cryptocurrency Firm MoonPay

The Index Today

Prominent Hollywood celebrities like Ashton Kutcher, Paris Hilton, and Justin Bieber have reportedly invested nearly $87 million in crypto-payments enterprise, MoonPay.

According to Bloomberg News, MoonPay, which received 16% of its latest round of funding from celebrities, revealed in a press release statement on Wednesday that over 60 actors, musicians and other famous figures have shelled out about $87 million collectively in investments. Previously, Tiger Global Management and Coatue Management had headed the company’s Series A funding round which amassed $555 million, placing the crypto-payments firm at $3.4 billion in valuation.

Bloomberg News reported that Ashton Kutcher, Justin Bieber, Diplo, Paris Hilton, Gwyneth Paltrow, Mindy Kaling, Drake, Bruce Willis, Steve Aoki, Matthew McConaughey, and Post Malone are some of the prominent figures who have invested in the company.

CEO Ivan Soto-Wright said in an interview, “MoonPay sees an entire different format for the entertainment industry.” He added, “My thought was: Let’s build a diversified portfolio of incredible people that represent different industries and let’s talk about the use cases for their intellectual property.”

Clay pottery with table linens
bottom of page