Binance has acknowledged that it may have mistakenly kept collateral backing some of its Binance-peg tokens—known as B-Tokens—in the same wallet as other company funds. These B-Tokens allow users to ...
Tag: Management
Bitzlato management arrested in global crackdown
Bitzlato’s management team was arrested during an international law enforcement operation. According to an announcement by Europol, French and American law enforcement have carried out an internationa...
Why naked short selling has suddenly become a hot topic
Short selling can be controversial, especially among management teams of companies whose stocks traders are betting that their prices will fall. And a new spike in alleged “naked short selling” among ...
Small-cap companies are going after naked short sellers in growing numbers: ‘It’s the biggest risk to the health of today’s public markets’
A growing number of small-cap companies are announcing plans to go after naked short sellers, claiming their stocks are being artificially depressed by illegal trading activity. Verb Technology Co. In...
Salesforce Stock Leaps As Elliott Management Builds Activist Stake
Updated at 6:10 am EST Salesforce (CRM) – Get Free Report shares were marked firmly higher Monday following reports that activist investor Elliott Management has taken a stake in the world̵...
Capital One Job Cuts Signal Trouble for IT Labor Market
IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 e...
AllianceBlock Partners with ARTBANX Collections Management Ecosystem
Vladislav Sopov AllianceBlock, an digital company focused on bridging DeFi to TradFi, scores partnership with major application for collections management Contents AllianceBlock scores one-of-a-kind p...
EOG Resources Director Mike Kerr Buys Up Stock
Energy exploration and production company EOG Resources had a boffo 2022, and one of its directors made his second purchase of shares in three months. EOG stock (ticker: EOG) surged 46% last year, lif...
Genius Group CEO on why his company is fighting back against naked short sellers — and it’s not alone
“It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.” That’s how Roger Hamilton, chief executive of Genius Group Ltd. GNS, +55.02%, ...
No more ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides
JPMorgan Chase & Co.’s board heeded an outcry from shareholders about Chairman and Chief Executive Jamie Dimon’s compensation, which in the past has included more than $50 million in “special awar...
Netflix Stock Surges on Subscriber Beat
Netflix posted better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, well ahead of the 4.5 million the company had projected. The company also announce...
‘Bitcoin is a hyped-up fraud, it’s a pet rock’: says JP Morgan CEO Jamie Dimon
““Bitcoin itself is a hyped-up fraud, it’s a pet rock.”” — Jamie Dimon, JP Morgan Chase CEO In an interview on Thursday morning on CNBC, billionaire Jamie Dimon, Chairman and chief executive of JP Mor...
Digital Identity Management Solutions Global Market Report 2023: Increasing Frequency & Sophistication of Authentication & Identity Frauds in the BFSI Sector Drives Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector – Global Forecas...
Apple CEO Tim Cook asked for — and got — a major pay cut this year. Is there ever a time when some of us should accept one too? The answer is ‘yes.’
In an SEC filing, Apple announced that CEO Tim Cook will receive a big pay cut in 2023, and the filing noted that he requested the cut. mandel ngan/Agence France-Presse/Getty Images The new year is ba...
TSG Global Receives ISO 27001 Certification for Security Management
BOSTON–(BUSINESS WIRE)–#Privacy–TSG Global announced it has completed the requirements to achieve ISO 27001 certification. The ISO 27001:2013 certification demonstrates TSG Global’s commitment to offe...
Thailand’s SEC mandates exchanges to establish digital wallet management system
The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets. The SEC o...
Former FTX US President Reveals SBF’s Management Flaws
An ex-President of FTX US has revealed the reasons for his resignation from the position. He said that the inexperienced management destroyed the firm. Harrison explained that SBF had tried to block h...
Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert
– Advertisement – The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an intern...
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...
Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert – Economics Bitcoin News
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expe...
Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong – Finance Bitcoin News
Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide econom...
Virgin Galactic Shakes Up Management. The Stock Soars.
Space tourism startup Virgin Galactic has made changes at the top as it prepares to launch commercial space flight service later this year. The stock is taking off, but the management move probably is...
Samsung’s Asset Management Subsidiary Launches Bitcoin Futures ETF in Asia
The Hong Kong-based subsidiary of Korea’s largest investment manager, Samsung Asset Management, is set to offer Bitcoin (BTC) futures exchange-traded funds (ETFs) to investors in Asia. Samsung Asset M...
AMD poaches Marvell’s Jean Hu for CFO slot as Devinder Kumar retires
Advanced Micro Devices Inc. said late Wednesday that financial chief Devinder Kumar was retiring and that Marvell Technology Inc.’s Jean Hu would take his place. Marvell MRVL, +3.81% announced that Hu...
Daughter of world’s richest man takes the helm at Dior as LVMH reshuffles its two biggest fashion houses
The biggest luxury brand in the world has announced a shake-up of its two major fashion labels, a move that has put the daughter of the world’s richest man in charge at one of them. LVMH Moët Hennessy...
New FTX Management Has Located Over $5B in Liquid Assets
Key Takeaways The new FTX management has located over $5 billion in liquid assets. These include cash, liquid cryptocurrencies, and liquid investment securities. The sum does not include the $425 mill...
Net Zero Asset Management And The Fiduciary Duty Dilemma
Beyond the political theatre surrounding the Net Zero Asset Managers Initiative, the investment … [+] industry is grappling with genuinely tough questions around fiduciary duty. (Photo by Johann...
Opinion: Elon Musk shows in ‘funding secured’ trial that he does not live in the real world
San Francisco has been home in recent days to an upside-down world of contrasts where one of the world’s richest men, Elon Musk, enters a federal courtroom with four security staff in tow to portray h...