Ending Jack Mas Ant Groups two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaires fintech company. What Happened: Chinas central bank which has been driving the revamp at Ant after the Xi Jinping-led administration scuttled the company's $37 billion IPO at the last minute in 2020
President Joe Bidens administrationhas called for stronger regulatory controls over Bitcoin BTC/USD and other cryptocurrenciesin response to the scandal, potential fraud, and money lost through the collapse of Sam Bankman-Frieds FTX FTT/USD exchange and sister company, quantitative investment firm Alameda. White House Press SecretaryKarine Jean-Pierresaid, Without proper oversight, crypto risks harming everyday Americans, so this
If youre nuts about fintech, are new to the industry or even a seasoned pro, youll want to join the more than 1,000 attendees expected at this years Benzinga Fintech Deal Day & Awards. Make critical connections with successful fintech leaders. Meet more fintech business leaders in oneday than you would in a year. Its
FalconX wants to correct the record. Over the weekend, Benzingaand other publications reported a $17 million USDC deposit in FalconX from a wallet attributed to Alameda Research. The crypto trading platform has since been clarified since that although the sender was marked Alameda Research, it was mislabeled. FalconX emailed Benzinga, with a spokesperson stating: $17M
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Handout | Getty Images Entertainment | Getty Images Company: Walt Disney (DIS) Business: Disney is one of the most iconic entertainment companies globally. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. Disney engages in film and TV
The fall of the FTX crypto exchange forced many to reconsider their overall approach to investments — starting from self-custody to verifying the on-chain existence of funds. This shift in approach was driven primarily by the lack of trust crypto investors have in the entrepreneurs after being duped by FTX CEO and co-founder Sam Bankman-Fried
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Tipping the odds in your favour is part of the arsenal of any successful trader whether they chose to have positions in gold, oil, forex or indexes. Following the trend is one of the most popular strategies that help with this but many find it difficult to stay the course and they go for larger
In this article ASAN PD DASH HZNP MRVL ZS Follow your favorite stocksCREATE FREE ACCOUNT Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Check out the companies making headlines in midday trading. Zscaler – The cloud security company’s shares dipped 10.7% following its quarterly earnings report,
Flood-stricken Kentucky counties still struggling to repair water networks are set to receive $10.6 million in federal assistance to help turn the taps back on, Gov. Andy Beshear said in a press conference Thursday. “Water and sewage infrastructure will be the largest cost of rebuilding,” Beshear said, revealing the state’s most recent damage assessment for
Municipals were little changed Friday as U.S. Treasuries pared back losses to end the day mixed after the morning shock of the hotter-than-expected jobs report sent them selling off. Equities ended mixed. The three-year muni-UST ratio Wednesday was at 62%, the five-year at 69%, the 10-year at 74% and the 30-year at 97%, according to
Russia has quietly amassed a fleet of more than 100 ageing tankers to help circumvent western restrictions on Russian oil sales following its invasion of Ukraine, according to shipping brokers and analysts. Shipping broker Braemar estimates Moscow, which relies heavily on foreign tankers to transport its crude, has added more than 100 ships this year,
A top-rated Texas program that guarantees public school bonds may be nearing a shutdown after its projected available capacity fell to just $653 million at the end of October. The big drop from $3.52 billion at the end of September comes amid a huge wave of voter-approved school debt in the state. The Texas Permanent
Puerto Rico Electric Power Authority fuel line lenders reached a deal with the Oversight Board that would give them priority over bondholders’ treatment in the authority’s debt restructuring. The fuel line lenders’ $700 million claim would receive new PREPA bonds, the board said Thursday night in announcing the deal. “The principal to be paid on
Non-farm payrolls in the United States rose by 263,000 in November, exceeding economists’ expectations of an increase of 200,000. Analysts believe that the numbers remain hot and do not allow much scope for the Federal Reserve to slow down its aggressive rate hikes. This is contrary to Fed Chair Jerome Powell’s remarks delivered at the Brookings Institution
As the federal government’s emergency COVID-19 aid dwindles, the New York Metropolitan Transportation Authority is looking at ways to restore its fiscal health in the face of a variety of challenges both new and old. The MTA’s proposed $19.2 billion budget for 2023 and its four-year financial plan both note that the $15 billion in
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs traders and salespeople will have to contend with a bonus pool that’s at least
The Oklahoma Turnpike Authority willfully violated the state’s Open Meeting Act when it failed to disclose a $5 billion, bond-financed extension plan on meeting agendas earlier this year, according to the first major ruling in litigation seeking to derail the project. Cleveland County District Court Judge Timothy Olsen ruled Thursday that OTA agendas for January
The downfall of FTX and a number of other centralized finance platforms in 2022 reinforces the narrative that most of the crypto ecosystem will eventually collapse due to its centralization, with the exception of Bitcoin (BTC) — at least according to Jeff Booth, a Bitcoin proponent and the author of The Price of Tomorrow. Booth believes centralized crypto
47 mpge! — The 2023 Ferrari 296 GTSwe drive Ferraris plug-in hybrid convertible Maranello moves to a V6 plus electric motor for its latest mid-engined supercar. Jonathan M. Gitlin – Dec 2, 2022 12:35 pm UTC Enlarge / Ferrari has ditched the V8 for its latest mid-engined supercar, the 296 GTS.Jonathan Gitlin reader comments 32