BP PLC BP, +3.29% on Tuesday reported that its profits rose further in the second quarter of the year, and increased both the dividend and the quarterly share buyback. The multinational energy group m...
Tag: Redemptions
Scaramucci’s Firm Pauses Investor Redemptions for Fund With Bitcoin, Ethereum Exposure
Legion Strategies, a hedge fund affiliated with Anthony Scaramucci’s Skybridge Capital, has halted investor redemptions, according to a Bloomberg report citing people familiar with the decision....
Scaramucci’s SkyBridge Capital Suspends Redemptions in a Crypto-Linked Fund
SkyBridge Capital suspended redemptions in the Legion Strategies fund amid further declines in stock and crypto asset prices. The suspension came about on July 18, 2022, because 20% of the Cayman Isla...
Hedge Fund Veteran Anthony Scaramucci Halts Redemptions for Fund Exposed to Crypto Exchange FTX and Bitcoin
SkyBridge Capital founder Anthony Scaramucci is responding to concerns about the firm temporarily halting withdrawals on one of its investment funds that has exposure to crypto. In a new interview on ...
As Tether Faces Billions in Redemptions, Circle’s USDC Is Gaining Ground
During a Crypto Winter, investors tend to stash a portion of their bull market gains in stablecoins to wait out the downturn. But over the past two months—through Terra’s UST stablecoin collapse...
Babel Finance suspends redemptions and withdrawals
Babel Finance, an asset management firm based in Hong Kong, has become the latest cryptocurrency lending platform to announce facing liquidity issues amid the market recession. Babel Finance announced...
Tether USDT Market Cap Slips Below $70 Bln As Redemptions Mount
Tether (USDT), the world’s largest stablecoin’s market capitalisation has registered a continuous drop over the past few weeks. It now has shrunk below the $70 billion mark. Is USDT losing the race? A...
Tether (USDT) redemptions fuel fears about stablecoin’s backing
Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dolla...
Tether (USDT) Close To Recovering Peg Despite Rising Redemptions
The largest stablecoin in the cryptocurrency world scared the already panicked market when its lost its dollar pegged value. It went down to slip as low as $0.9455 cents. However, it has now recovered...
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Fri...