Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s cryptocurrency empire. U.S. federal prosecutors have alleged that Bankman-Fried has used mo...
Tag: Obscure
An Obscure Bank Found Its Key to Success. Then FTX Collapsed
(Bloomberg) — Silvergate Capital Corp. was dealing with the same problem many small US banks face: How do you differentiate yourself when larger competitors do everything you do, only better? Mo...
Alameda bought this obscure OTC desk to handle FTX banking
HiveEx, an Australian over-the-counter (OTC) trading desk, was purchased by Alameda Research in 2020 and subsequently used to accept deposits for FTX. What was HiveEx? HiveEx was an OTC desk in Austra...
China NEV sales forecast for October down 10% MoM as economic picture remains obscure
The China Passenger Car Association (CPCA), on October 24, released its sales expectations for the month of October. The release indicates that 550,000 new energy vehicles (NEV) are expected to be sol...
Meet The Obscure Token That Ate Up Nearly Half Of Ethereum’s Recent Gas Usage
A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly – but all by design. The XEN token has accounted for nearly half of Ethereum gas in a 24-hour window ...
Obscure China Stock Plunges 95% After Mystery 13,000% Rally
(Bloomberg) — A frenzied rally in the shares of a little-known Chinese garment manufacturer, which drew comparisons to the wild surges seen by AMTD Digital Inc. and Magic Empire Global Ltd., has...
Vitalik Buterin Suggests Stealth Addresses To Obscure NFT Ownership
Ethereum co-founder Vitalik Buterin has suggested that a stealth address could be deployed as a way of obscuring NFT ownership. He noted that it would be a lighter-weight solution for private NFT owne...
Trump Media Probe Seeks Information on Obscure Private Equity Firm
(Bloomberg) — A federal probe of Donald Trump’s social media deal is putting a spotlight on Rocket One Capital, an obscure private equity firm with no obvious connection to the transaction beyon...
Peak U.S. inflation? This obscure corner of the financial market says otherwise
In a little-known part of the financial market that’s had the most accurate reads on U.S. inflation so far, traders are pricing in an annual headline rate on the consumer-price index of 8.5% or higher...
Tether Relied on an Obscure Bank in the Bahamas to Store its Reserves – Coinpedia – Fintech & Cryptocurreny News Media
The Financial Times recently published a report on Tether’s dependency on an obscure bank in the Bahamas in order to store some of its reserves. Capital Union, a Nassau-headquartered banking instituti...
Tether Has Had Some of Its Reserves at Obscure Bahamas Bank
Alex Dovbnya Tether has held some of its reserves at a tiny Bahamas bank Controversial stablecoin issuer Tether has relied on an obscure bank in the Bahamas in order to store some of its reserves, acc...
An Obscure Corner of Wall Street Is Making Billions Trading Inflation
(Bloomberg) — Most of the world hates inflation. For Nikhil Choraria and a small band of traders, it’s an opportunity. Most Read from Bloomberg The Goldman Sachs Group Inc. partner is a leading ...
Wall Street’s Favorite Oil Stocks for 2022—Including an Obscure One
Text size Bing Guan/Bloomberg Several analysts and strategists expect energy stocks to outperform the broader market in 2022, as they did in 2021. Energy tends to do well in inflationary environments,...