First among these changes was increasing the liquidity owned by the protocol for the USDC/FCTR pair on Camelot. When participating in the token generation event, users would deposit stablecoin USDC in...
Tag: Management
US agencies recommend old risk management principles for crypto liquidity
In a joint statement released by three United States federal agencies, the banking sector was advised against creating new risk management principles to counter liquidity risks resulting from crypto-a...
PayPal’s Outgoing CEO Dan Schulman Buys Up Stock
PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...
DZ Bank to Integrate Digital Currencies Into Asset Management Services in collaborated with Turkish technology company
Together with the digital asset company Metaco, Germany’s second-largest bank by asset size, DZ Bank, will completely incorporate digital currencies into its asset management services. This ende...
Biden taps former Mastercard executive Banga to lead World Bank
The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...
German DZ Bank adds digital currencies to asset management services
DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco. According...
Binance Introduces Semi-Automated Reserve Token Management
The company has switched to a “semi-automated” process to govern the reserves that back the tokens it issues. In late January, it was discovered that Binance stored token collateral with user funds in...
Is Wood Group right to reject Apollo Management acquisition bid?
Private Equity companies are still interested in buying UK companies, which they believe are significantly undervalued. In 2022, an American PE firm acquired Morrisson’s while Parker-Hannifin bought M...
PayPal CEO’s ‘unusual’ $2 million stock purchase is ‘certainly a positive’ signal
PayPal Holdings Inc. Chief Executive Dan Schulman just did something “unusual” for a departing executive. Often, executives and other insiders begin to trim their company stock exposure when they’re p...
Tesla shareholders seek to void Elon Musk’s $55 billion pay package
WILMINGTON, Del. — Attorneys for a Tesla shareholder urged a Delaware judge on Tuesday to invalidate a 2018 compensation package awarded by the company’s board of directors to CEO Elon Musk that is po...
‘Goldilocks’ is dead, warns Morgan Stanley Wealth Management. The risk of an economic ‘hard landing’ is growing even if the ‘pain may be delayed’
Throughout January, the stock market soared as investors began to price in a “soft landing” for the economy—predicting the Federal Reserve would be able to tame inflation without sparking a recession....
Amazon’s Stock Slump Is Hitting Employee Pay
It’s not just layoffs casting a cloud over Amazon Its share-price fall is also hitting employees’ pay, forcing the company to reassure its workers about the likelihood of a rebound. Amazon ‘s (ticker...
TechOps Core Unit takes over management of MakerDAO Github
MakerDAO announced on Feb. 20 a long-awaited change to its GitHub operations. “We are now at a place where Dai Foundation has handed over the management of the MakerDAO Github organization to th...
Composable Finance CTO exits citing ‘unethical management’
Composable Finance Chief Technology Officer Karel Kubat said he is leaving the company over a lack of transparency and what the now-former executive called “suspicious transactions.”“I, Karel Kubat, a...
Adam Silver Addresses NBA Load Management Concerns At All-Star Weekend
Commissioner of the NBA (National Basketball Association) Adam Silver speaks during a press … [+] conference in Salt Lake City, Utah, on February 18, 2023. (Photo by Patrick T. Fallon / AFP) (Ph...
NovaWulf Digital Management To Buy Celsius’ Lending Operations
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt cryptocurrency firm Celsius has found a buyer after reaching a deal with investment firm NovaWulf Digital Management. Wh...
Corteva CEO Chuck Magro Bought Up Stock
Corteva stock came through 2022 swimmingly, and shares of the seed-and-pesticide maker remain in positive territory in 2023. CEO Chuck Magro just bought a large block of the company’s stock. Corteva s...
Decentralized Lending Risk Management – The Cryptonomist
2022 saw prominent centralized lending entities falling like dominoes while decentralized lending protocols continued operating without issue. While decentralized lending has its own challenges in sma...
Raytheon CEO Bought Up This Energy Stock
After a strong 2022, Phillips 66 stock recently slipped, and one director scooped up shares of the diversified-energy firm on the open market. Phillips 66 stock (ticker: PSX) surged 44% in 2022—a stro...
Micron Suspends Executive Bonuses. The Stock Was Upgraded, Too.
Micron Technology has suspended bonuses for executives, and the stock earned an upgrade, though the two don’t appear to be connected. Micron (ticker: MU) said late Thursday a board committee had appro...
PayPal CEO Dan Schulman plans his exit as earnings return to growth
Only one thing was missing from PayPal Holdings Inc.’s packed fourth-quarter earnings report, which brought upbeat profit performance, a new user metric and the announcement of Chief Executive Dan Sch...
Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.
Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...
Sell your Bank of America shares now, says KBW
Shares of the largest U.S. banks have been performing well so far this year, but David Konrad of Keefe, Bruyette and Woods believes the party is over for Bank of America Corp. Konrad downgraded Bank o...
There’s a surprising culprit behind mass layoffs, says a prominent management professor at Wharton
Good morning, Most bosses blame layoffs on economic downturns, a decline in demand for services, or even overhiring. But one Wharton professor has a different view: It’s how U.S. accounting rule...
How Ares Management Turned Private Credit Into Wall Street’s Sexiest Business
Megadeals and private equity titans may dominate the headlines, but Los Angeles’ Ares Management has quietly amassed $352 billion in assets by offering steady returns regardless of what happens in the...
Affirm to lay off 19% of staff, stock tanks after earnings disappointment
Affirm Holdings Inc. announced plans to cut 19% of its staff Wednesday following an earnings report in which the buy-now-pay-later company came up shy with both its results and outlook. “The root caus...
Fastly Stock Jumps Ahead of Earnings. Analyst Says Shares Can Soar 62%.
A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result. Tal Liani, B...