According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition,...
Tag: Subsidiary
HSBC Acquires Troubled Silicon Valley Bank (SVB) UK Subsidiary for £1, Shares Down Today
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis. In a stunning tu...
Ault Alliance Subsidiary Achieves Bitcoin Mining Production Milestone of 1,000 Bitcoin Mined to Date at Its Michigan Data Center
LAS VEGAS–(BUSINESS WIRE)–$AP #1000_Bitcoin_Mined—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) is pleased to announce a significant miles...
Breaking: HSBC Acquires Silicon Valley Bank UK Subsidiary for £1
Following the takeover of Silicon Valley Bank by the United States Federal Deposit Insurance Corporation (FDIC) over the weekend, SVB’s UK subsidiary has been acquired by HSBC Holdings plc, a British ...
HSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound
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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil – Bitcoin News
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson ...
Standard Chartered to offer Bitcoin and crypto custody in EU through subsidiary
Zodia Custody Ltd., a Bitcoin and cryptocurrency custodian that Standard Chartered owns, has successfully obtained registration as a virtual asset service provider in Luxembourg, therefore extending i...
Blockchain.com suspends its asset management subsidiary launched in April: Report
Cryptocurrency financial services company Blockchain.com will suspend operations of its asset management subsidiary, according to a Bloomberg report published March 9. The service had existed less tha...
FTX Subsidiary Alameda Research Files Lawsuit Against Grayscale
Exchange News Grayscale has allowed its stock to trade at a discount of over half its net asset value. The lawsuit was filed in the Delaware State Court of Chancery. A debtor subsidiary of the FTX con...
Court Allows FTX’s Turkish Subsidiary To Be Excluded From Proceedings
10 hours ago | 2 mins read Exchange News Last month, FTX asked for this order to be signed by the Court. Turkey’s Financial Crimes Investigation Board have froze the assets of the firm. On Monday, Jud...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
Ault Alliance, Inc. Subsidiary BitNile, Inc. Moving 6,572 Bitcoin Miners Out of Texas Hosted Facility
As a result of the Compute North bankruptcy filing BitNile, Inc. determined that it is in the best interest of the business to move all the miners out of the Wolf Hollow facility Shipping began last m...
DGC liquidates Grayscale subsidiary shares to repay creditors
Digital Currency Group has begun liquidating stakes in crypto subsidiaries to raise funds to repay Genesis creditors. US securities filings seen by Financial Times reveal that DCG is having trouble ba...
FTX Urges Court to Exclude Turkish Subsidiary From Bankruptcy Proceedings
10 hours ago | 2 mins read Exchange News The filing shows that FTX Trading Ltd, the market maker, owns 80%. Local authorities in Turkey may seize any FTX Turkey assets they deem necessary. Since court...
Genius Brands stock soars after plans to spinoff $37 million Entrepreneur Resorts subsidiary
Shares of Genius Group Ltd. soared 43.0% toward a five-month high in premarket trading Monday, after the Singapore-based education company said it will spin off its Entrepreneur Resorts Ltd. subsidiar...
XRP Benefits Program Extended by SBI Holdings Subsidiary
Alex Dovbnya SBI Holdings subsidiary has announced that XRP benefits program will remain active in 2023 SBI Holdings, a major Japanese financial services company, announced on Friday that its subsidia...
Animoca Brands subsidiary Darewise looks to hire ‘head of degen relationships’
Game studio Darewise Entertainment, a subsidiary of Animoca Brands, is on the hunt for a head of degen relationships. The company posted the job ad earlier this week to join the team as it devel...
DCG Subsidiary Luno Lays Off 35% of Employees (Report)
The London-based cryptocurrency platform – Luno – will reportedly trim the size of its team by over 330 people. It adds its name to the growing list of industry players dismissing staff due to the bea...
DCG’s subsidiary Genesis Capital slapped with new class
A new class action lawsuit has been filed against the cryptocurrency corporation Digital Currency Group (DCG), making the company’s legal woes even more numerous. The claim was filed against DCG...
DCG’s Subsidiary Genesis Global Files for Chapter 11 Bankruptcy
Digital Currency Group (DCG) subsidiary Genesis has finally filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. The platform was engaged in a series ...
Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin News
According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the...
Robinhood Announces Launch of Media-Focused Subsidiary ‘Sherwood’
3 hours ago | 2 mins read Exchange News The new media group would report on money and banking issues and a lot more. The publication will be led by former editor-in-chief and co-founder of The Verge. ...
Ault Alliance’s Subsidiary BitNile, Inc. Has Received All 20,645 Bitcoin Miners from the First Five Contracts with Bitmain Technologies Limited
Company anticipates annualized revenue run rate from Bitcoin mining operations would increase from the current run rate of approximately $30 million to approximately $60 million from Bitcoin miners in...
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...
FTX Dubai Subsidiary Sent $10M To Shady Alameda-Linked Subsidiary Post-Bankruptcy ⋆ ZyCrypto
Advertisement     Days after the epic collapse of Sam Bankman Fried’s crypto empire, details have emerged that FTX’s Dubai subsidiary transferred $10M to a little know...
FTX’s subsidiary auction gets 117 impressions
A recent bankruptcy court filing showed that FTX’s subsidiaries acquired 117 impressions in their selloff bid. Delayed auctions lead to a decline in the price A court filing has confirmed that fallen ...
Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis
DCG once appeared to be untouchable but may fast be losing its stability. Digital Currency Group (DCG) has announced that it is shutting down operations at its wealth management division HQ. According...
Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis – Bitcoin News
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal pro...
DCG Confirms Shutdown of Wealth Management Subsidiary HQ
Digital Currency Group (DCG), the crypto conglomerate that owns beleaguered crypto broker Genesis and digital asset manager Grayscale, confirmed Thursday that it is shuttering HQ, its wealth managemen...
DCG Closes Subsidiary HQ, Fueling Fears In Bitcoin Market
Digital Currency Group (DCG), the crypto conglomerate that owns lender Genesis Trading and asset manager Grayscale, among others, today made public that it has closed its asset management division cal...
Genesis owner Digital Currency Group shuts down wealth management subsidiary
Digital Currency Group (DCG) is shutting down its wealth management subsidiary HQ Digital, The Information reported Jan. 5, citing an internal memo. According to the report, HQ Digital halted operatio...