After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majori...
Tag: Management
Ikigai Asset Management Had ‘Large Majority’ of Assets on FTX, Unclear Whether It Will Be Able to Continue
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Binance CEO tweets regret at not shorting FTX token
The chief executive of Binance said he regretted not betting against the token tied to the failed FTX cryptocurrency exchange. Changpeng Zhao, the co-founder and CEO of Binance who is known by initial...
FTX bankruptcy: Can account holders expect to get their money back?
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch straight into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, its affil...
FTX bankruptcy: Tom Brady, Steph Curry set to lose big from company’s collapse
Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the only high-profile investor ...
Intel CEO Pat Gelsinger Buys Up Intel, Mobileye Stock
Intel CEO Pat Gelsinger recently has been buying up shares of the chip giant that he helms, but he has spent far more for shares of recently spun-off Mobileye which is developing autonomous driving te...
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an in...
Bonds Look Attractive Now. Why Warren Buffett Doesn’t Like Them.
Text size Berkshire Hathaway CEO Warren Buffett. Alex Wong/Getty Images Bonds don’t excite Warren Buffett even after the sharp rise in yields this year. The Berkshire Hathaway (ticker: BRK/A, BRK/B) C...
Elon Musk Made Unusual Request in Falling Out With Top Tesla Lieutenant
Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee ...
IntelGenx Reports Q3 2022 Financial Results, Management Anticipates Psychedelics Trials In 2023
IntelGenx Technologies Corp. (TSX: IGX) (OTCQB: IGXT) reported its financial results late Thursday for the third quarter that ended September 30, 2022. Dr. Horst G. Zerbe, CEO of IntelGenx called the ...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, CEO of Binance Binance CEO Changpeng Zhao o...
Are Laid Off Employees At Beyond Meat The Scapegoat For Bad Management?
(FILES) In this file photo taken on November 15, 2019 Beyond Meat “Beyond Burger” patties made from … [+] plant-based substitutes for meat products sit on a shelf for sale in New Yor...
Coinbase Germany ordered to address risk management by BaFin
Germany’s financial supervisor, BaFin, has ordered the German branch of crypto exchange giant Coinbase to “ensure proper business organization,” the regulator wrote in an official statement published ...
Crypto bank Silvergate announces management shuffle
Crypto-focused bank Silvergate promoted a new president and chief risk officer just a few weeks after it posted earnings that missed estimates. The firm—which banks for a wide-range of crypto t...
DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools
Texture, the Decentralized Finance (DeFi) platform running on the Solana blockchain, has raised $5 million in a financing round with collaboration from heavyweights in both traditional finance and the...
New McKinsey Report On Asset Management – What Is The New Normal In 2022 As Asset Owners And Asset Managers Recalibrate?
McKinsey on The Great Reset Photo credit: McKinsey What is the new normal? Both investors and asset managers are resetting investing in 2022’s new environment—in the first six months of this year, equ...
Aera joins Polygon to connect DeFi with DAO Treasury Management
Aera, which happens to be a reward-oriented management program in the case of decentralized autonomous organizations (DAO), is duly connecting with Polygon. This occurrence is taking place with the ai...
Shopify CEO Buys $10 Million of Stock in the Open Market
Shopify CEO Tobias Lutke disclosed in a Canadian securities filing that he bought $10 million of the e-commerce software company’s shares on Monday, a week after the company reported its third-quarter...
Nearly 100% of Institutional Investors Say One Crypto Use Case Will Revolutionize Asset Management: BNY Mellon
A survey commissioned by the Bank of New York Mellon (BNY Mellon) is showing that tokenized products are highly popular among institutional investors. The survey, which polled 271 institutional invest...
Ripple Partner Novatti to Use Riskified Fraud Management Platform for Secure Payments
Yuri Molchan Novatti and Riskified have teamed up in strategic partnership Contents Novatti becomes stronger thanks to Riskified Novatti taps Ripple’s ODL technology As reported by The Paypers, ...
‘I have never before seen a CEO take responsibility as he does’: investor Bill Ackman comments on Sam Bankman-Fried in now-deleted Tweet
Bill Ackman, famous hedge fund billionaire investor, defended former chief executive of crypto exchange FTX Sam Bankman Fried’s leadership in a now deleted Tweet on Thursday. “You have to give @SBF_FT...