Topline Florida Gov. Ron DeSantis (R) signed legislation Monday that overhauls the special district that oversees Walt Disney World by giving the governor power to appoint its board, saying he was get...
Tag: Controls
Democrats’ Price Controls Undermine Biden’s Cancer Moonshot
WASHINGTON, DC – MARCH 01: U.S. President Joe Biden delivers the State of the Union address during a … [+] joint session of Congress in the U.S. Capitol’s House Chamber March 01, 202...
Interest Rate Price Controls Push Borrowers Into the Black Markets Do-Gooders Were Trying to Deliver Them From
Call it a statement of the obvious, but prices organize the market economy. As they go up and down, the movements exist as information for producers and providers of what we want more and less of. But...
Bahamas controls FTX customer assets worth $3.5bn
Late Thursday, Dec.29, 2022, the Securities Commission of the Bahamas stated that it was holding more than $3.5 billion in FTX client assets. According to the official press release, the commission is...
FTX was an ‘utter failure of corporate controls at every level of an organization’, says new CEO
John Ray, who took over as CEO of crypto exchange FTX amid bankruptcy proceedings, has provided detailed written testimony ahead of his Dec. 13 appearance before the United States House Financial Serv...
FTX CEO Ray details firm’s lack of controls, sophistication under SBF in testimony to Congress
FTX CEO John Ray refuted Sam Bankman-Fried’s contention that FTX US has enough segregated funds on hand to re-open user withdrawals. The CEO laid out the core structural flaws that led to ...
Price Controls in Illinois Speak to The Limits of the Fed’s Rate Machinations
On March 23, 2021 Illinois legislators imposed an interest rate ceiling of 36 percent on all non-bank and non-credit union loans under $40,000. The stated intent was to reduce the burdensome cost of i...
Nio, Alibaba, Bilibili among China stocks set for another rally as Covid controls ease
U.S.-listed shares of Chinese internet and electric-vehicle stocks are enjoying a sharp rally yet again in premarket trading Monday amid reports that officials in the country were easing pandemic rest...
Venmo amid convenience and controls
Venmo, the US leader in P2P payments confirms itself as the payments industry leader according to the latest data. The company gives users the ability to transfer sums of money simultaneously between...
Crypto Fan Elon Musk Now Fully Controls Twitter
Crypto bull Elon Musk now officially owns Twitter. As one of the largest and most powerful social media platforms in the world, the deal cost approximately $44 billion, which is probably a drop in the...
‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls
When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island. They quickly found an alternative, striking a p...
Binance re-enters Japan, controls over 75% of exchanges’ monthly trading volume
Binance has re-entered the Japanese market with its acquisition of Sakura Exchange BitCoin (SEBC), according to a Nov. 30 announcement. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Commi...
Protests against Covid controls erupt across China
BEIJING — Rare protests broke out across China over the weekend as groups of people vented their frustration over the zero-Covid policy. The unrest came as infections surged, prompting more local Covi...
Examiner: Celsius’ accounting and operational controls were ‘insufficient’
In the bankruptcy case involving crypto lender Celsius, the independent examiner claims that the company did not establish “adequate” accounting and operational controls in its handling of...
Celsius had ‘insufficient’ accounting and operational controls, says examiner
The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds. In...
The full story of how FTX’s weak internal controls contributed to its collapse
FTX had poor financial reporting processes in place Poor corporate culture undermined quality of work relations A compromised system exposed shareholders and users to elevated risks Laxity in corpora...
FTX bankruptcy filings highlight ‘complete failure of corporate controls’
Fresh FTX bankruptcy filings called out Sam Bankman-Fried and the rest of the failed crypto exchange’s leadership for a “complete failure of corporate controls” and cited the former ...
Chorus of Lawmakers Collectively Call for Crypto Controls in FTX Fallout
The collapse of cryptocurrency exchange FTX did more than rattle markets this week. It grabbed the attention of several U.S. lawmakers who used the resulting pandemonium as evidence that stricter regu...
Popular Terra Classic Validator Opts For Grand Satire In Response To Claims That Do Kwon controls It
– Advertisement – LUNC DAO chooses to respond to critics with humor as it pushes for technological parity with LUNAv2. LUNC DAO, the Terra Classic network’s fourth-largest validator, has o...
China’s Covid controls are hurting more of the economy
Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the count...
Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank...
Companies look to diversify as China’s Covid controls take a toll
After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — ...
China’s factory activity fell in October bogged down by Covid controls
China’s factory activity declined in October, official data showed Monday. Pictured here on Oct. 27, 2022, in Jiangsu province is an aluminum products company. Vcg | Visual China Group | Getty I...
Covid cases, controls spread in China
Covid cases and controls have increased in China this month. Pictured here on Oct. 27, 2022, is a neighborhood in Shanghai that’s been fenced in for Covid control. Future Publishing | Future Pub...
Why 1 percent Bitcoin Controls 27 percent of all Circulating Coins
The cryptocurrency market is currently dominating the world. Several crypto coins have successfully gained attention and hype among investors and the crypto community. Bitcoin is known as the crypto k...
N26 losses widen after ramping up spending on fraud controls
The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images German mobile bank N26 reported Tuesday a sharp rise in annual revenues as usage of its plat...
About Capital Now Controls Majority Shares In Huobi Global – crypto.news
In a blog post, Huobi Global, a Chinese giant exchange, revealed that the largest shareholder in the company has sold its entire shares to About Capital’s buyout vehicle. This means that About Capital...
Recent EU sanctions expected to encourage Russia’s market, Exhanges controls services
This week it was announced that the EU had adopted its eighth set of penalties against Russia, which is designed to target the economy, its government, and energy exports. It is due to a reaction to t...
Uber Creates Abundant Supply, Price Controls Create Shortages
Do you ever wonder why there’s generally always an “UberUBER ” when you need one? Don’t worry, the post-lockdown exception to this rule will be discussed at conclusion. For now, think about why Uber i...
Tesla Stock: Company Considers Texas Lithium Refinery, As China Controls Global Capacity
Tesla (TSLA) is eyeing the prospect of building a lithium processing facility in Texas, as the company looks to take more control over key manufacturing components amid rising prices. Tesla stock was ...
Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls – Coinotizia
With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from ...