Derar Islim, interim CEO of crypto brokerage Genesis Global Trading, noted that the company needs more time to cope up with financial instability following withdrawals stoppage in November 2022. Islim...
Tag: Financial
Financial markets ignore elephant in the room: December’s 223,000 job gains
Stocks and bonds rallied in response to Friday’s jobs data showing modest wage growth for December, while investors looked past a stronger than expected 223,000 rise in nonfarm payrolls. Friday’s pric...
Genesis Cuts Staff by 30% as Financial Woes From FTX Fallout Persist
Genesis Trading today announced massive cuts to its workforce in an effort to reduce costs at the ailing institutional crypto firm. The company did not provide precise numbers, but sources close to t...
Fed: FTX Collapse Didn’t Pose Broader Market Risk to Financial System
FTX’s collapse did not pose a risk to financial markets outside of crypto, the Federal Reserve said at its most recent policy setting meeting in December. In minutes from its 2022 Federal Open M...
Alex Mashinsky sued by NY AG for allegedly hiding Celsius’ ‘dire financial condition’
New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and former CEO made numerous “false and misleading statements” which led to investors l...
MSafe raises $5M for Web3 financial services
MSafe recently announced concluding a seed funding round, collecting $5M. Known for developing the first multi-signature wallet platform on Aptos. The round was led by Jump Crypto, while names like C...
3 Dividend Stocks With Attractively Low Payout Ratios
When it comes to investing in dividend stocks, there are many routes one can take. Investors can focus on a high current yield, dividend payment safety, longevity, or growth potential. It is the latte...
Microsoft and Amazon: Here’s Why This Is No Contest
On Wednesday, Microsoft (MSFT) shares gave up more than $10, or 4.37%. Amazon (AMZN) had a better day than Microsoft, surrendering just 0.79% for the session after having confirmed that it would be t...
Coinbase Agrees Settlement of $100 Million to NYSD Financial Services
Exchange News The exchange was found to be in breach of anti-money laundering laws. Coinbase must also spend $50 million on a compliance programme. An agreement has been reached between the New York S...
Genesis CEO Asks For More Time To Sort Their Financial Crisis
On January 4, Derar Islim, the interim CEO of Genesis Trading, a cryptocurrency brokerage & lender that was forced to cease withdrawals in November 2022, stated that the company requires further t...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations – Bitcoin News
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan....
Here’s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia
The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macroeconomic and cryptocurrency ma...
US politicians beat the financial markets in 2022, reduced exposure to crypto
Based on publicly available disclosures, many US Congress members beat the wider markets for another year. According to Unusual_Whales, most members of the US Congress, including Mark Green of Tenness...
CORRECTING and REPLACING Tokens.com Reports Financial Results for Fiscal Year 2022
TORONTO–(BUSINESS WIRE)–Ninth bullet under 2022 Operational Highlights of release dated December 29, 2022 should read: Successful tenant leases for virtual land by tier-one brands. The updated release...
Genesis pleads for more time to sort ‘complex’ financial situation
Genesis interim CEO Derar Islim pleaded for more time to sort the financial situation of its lending arm, according to a Jan. 4 statement. Islim said the firm was currently involved in “a very complex...
Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Financial Crimes
FTX founder Sam Bankman-Fried pleaded not guilty to a series of financial crimes on Tuesday, appearing before a federal court in New York as part of his arraignment. Gathered in a wood-paneled courtro...
Circle Chief Strategy Officer Says ‘Inevitable’ Crypto Remains Protagonist of Global Financial World
The chief strategy officer of US Dollar Coin (USDC) stablecoin issuer Circle is optimistic about the future of crypto assets. Dante Disparte, who is also Circle’s global policy head, says that the ado...
Coinbase settles with New York financial regulator for $100 million
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase settled a case with New...
Israel’s financial regulator proposes crypto inclusion to securities law
Israel’s financial regulator proposed draft amendments to sweep digital assets into existing financial laws and expand the definition of securities. The proposals look to protect investor...
Trading Apple Now Is Risky Business
Readers may or may not recall that I wrote to you concerning Apple (AAPL) back in late November. There was Covid policy -related unrest across many cities in China at the time, and Foxconn Technology ...
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
My Financial Friend Reviews Calvaria | Building P2E Crypto Games In The Bear Market
Join Our Telegram channel to stay up to date on breaking news coverage My Financial Friend reviewed Calvaria for his 231,000 followers. This exciting P2E battle card game are getting close to the end ...
Crypto CEO Voorhees says we are in a financial revolution
Eric Voorhees, founder and CEO of crypto exchange Shapeshifter, says he cannot call the next bull market with any exactitude, but that it would come in the next 6 months to 3 years. $40,000 by the Sum...
SushiSwap abandons launchpad and lending protocol as financial struggles surface
Ethereum-based DeFi platform Sushiswap has announced the plan to axe their token launchpad and lending protocol from their service offering. The Sushiswap group has been facing severe financial proble...
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018
– Advertisement – Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perce...
‘Good investing should be boring:’ It’s time to go back to the financial basics in 2023
Between inflation, rocky equity markets, and a crypto rollercoaster, 2022 was a weird year. Despite a strong job market, uncertainty abounded—and many people have been left worrying about layoffs, a p...
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018 – Bitcoin News
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade a...
I’m Going to Propose a Trade Relationship With LOVE
I’ve fallen for a former pandemic star. The Lovesac Company (LOVE) has seen its share price shed approximately three-quarters from its all-time highs. Like many other retailers, Lovesac overest...
Here’s How to Be a Better Trader in 2023
If trading the stock market was simple and easy, it wouldn’t be possible to build great wealth by pursuing it. Only a small number of individuals are willing to make the necessary effort over a ...
Crypto Analyst Predicts New Bitcoin All-Time High In 2024; Why 2023 A ‘Peak Financial Opportunity’
One of the top crypto traders and the pseudonymous strategist Rekt Capital recently shared his outlook on Bitcoin (CRYPTO: BTC). He laid out a timeline for Bitcoin’s next all-time high on his Twitter ...
3 Oil & Gas Royalty Trusts With Exceptionally High Yields
Oil and gas trusts are among the highest-yielding stocks in the stock market, making them attractive candidates for income investors. On the other hand, in contrast to the well-known oil majors, such ...
3 Coal Stocks With Attractive Dividend Payouts
Coal is the most burdensome form of energy for the environment. This has led most countries to make efforts to transition from coal to natural gas and renewable energy sources. As a result, some inves...