City Seattle Financial News

Cathie Wood founded ARK Investment Management back in 2014. She chose the name «ARK» because it stands for Active Research Knowledge and also alludes to the Ark of the Covenant, as she is a devout Christian.

Major League Baseball says teams have collected 94% of the money they have been owed by Diamond Sports

Major League Baseball’s quest for the crown of cool will be on display Tuesday when its top players strut down a red carpet show at Seattle’s famous Pike Place Market ahead of the All-Star Game

MLB) Draft distinguishes itself from other major American sports events by taking place in the midst of the season. This year, the draft order is determined through a lottery system, with the Pittsburgh Pirates, Washington Nationals, and Oakland Athletics securing the top three picks, followed by the Texas Rangers in fourth place. Spanning three days, the MLB Draft 2023 is set to commence on Sunday and conclude on Tuesday.

Megan Rapinoe announced on social media on Saturday that she would be retiring from football at the end of this season. «It is with a deep sense of peace & gratitude that I have decided this will be my final season playing this beautiful game,» the 38-year-old posted. «I never could have imagined the ways in which soccer would shape and change my life forever,» she added.

Major League Cricket (MLC), the recently established professional cricket league in the United States, marked its official inauguration by participating in the ceremonial ringing of the closing bell at the New York Stock Exchange (NYSE) on Thursday, July 6. This event signified the growing prominence and appeal of the sport in the United States, as it introduced top-tier T20 cricket to American audiences through a domestic league for the very first time.

Upcoming professional Twenty20 cricket league in the US, Major League Cricket (MLC) has signed media rights partnership in India with Viacom18 Media Private Limited’s sports network. The league, operated by American Cricket Enterprises (ACE) and sanctioned by USA Cricket, will be covered on OTT platform JioCinema and broadcast television coverage on Sports18, beginning July.

Reliance owned Viacom 18 bagged media rights for broadcasting the first ever edition of Major League Cricket (MLC) on Friday, the company said in a release. While the details of the deal were not mentioned, the Reliance flagship announced that the coverage will be on multiple platforms including live streaming on JioCinema and broadcast television coverage on Sports18.

equality and social justice, the Assembly Judiciary Committee of California recently conducted a hearing for Senate Bill 403 (SB403), which aims to prohibit caste discrimination, according to a report published by ABC10.  If passed, California would become the first state in the United States to explicitly ban caste-based discrimination by including caste as a protected category under the state's Unruh Civil Rights Act, as well as fair housing and employment laws. The bill has been passed by the Assembly Judiciary Committee, and now it will move to the Appropriations Committee.

President Biden offers new student debt relief plan after Supreme Court defeat Seattle-based historian Don Glickstein told the publication that fighting took place on land and at sea near the French-led garrison at Cuddalore. The naval battle of Cuddalore on June 20 was considered a French victory while their troops were forced back on land.

Oregon, according to reports. Severe weather is expected in the central and northern Plains, where thunderstorms could bring damaging winds and large hail later in the day and at night, according to AccuWeather. The Desert Southwest and West Coast will continue to experience scorching temperatures on Independence Day, as stated by the National Weather Service. Northern California and western Oregon are anticipated to face record-breaking heat, with temperatures expected to rise into the 90s and low 100s, according to the weather service. AccuWeather also predicts that temperatures along portions of I-5, from Seattle to Medford, Oregon, may challenge daily record highs, as per USA Today report. The Desert Southwest will experience highs well into the triple digits, resulting in an excessive heat warning in effect for Phoenix and Tucson, Arizona. In other regions, such as the Southeast, Plains, Midwest, and parts of the Northeast, it will be another day of the heat and humidity that July is known for, according to Weather.com meteorologist Chris Dolce. The central Great Plains can expect scattered severe thunderstorms from late afternoon into Tuesday night, with severe thunderstorm gusts being the primary concern, according to the Storm Prediction Center. In the Northeast, local downpours may impact holiday plans in parts of upstate New York and New England, but the majority of the stormy weather should stay away from the Interstate 95 corridor. While storms are likely to hit the coast in Virginia and the Carolinas. Dolce advises being prepared to seek shelter if thunder is heard during any outdoor activities, as these storms will be sporadic in most areas.

Three Americans and a dog, who were onboard a sinking 40-vessel, were rescued Friday evening, just off the coast of Victoria, B.C.

Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of Delaware. The decision does not settle the question of the subordination of U.S. government claims, which had led to objections against its plan.

Nevin Shetty, a former Chief Financial Officer (CFO) at a Seattle start-up company, was indicted on May 17 in the U.S. District Court in Seattle on charges of wire fraud. 

Bankrupt cryptocurrency exchange Bittrex Inc received court permission Wednesday to borrow $7 million in bitcoin to fund the start of its Chapter 11 case. Seattle-based Bittrex filed for bankruptcy Monday, saying it intended to return customer funds and wind down its U.S. operations. The company's international affiliates will continue to operate crypto exchanges for customers outside of the U.S., but Bittrex said that the U.S. regulatory environment had become untenable after the SEC sued the company for allegedly running an unregistered securities exchange. Before filing for bankruptcy, Bittrex stopped accepting new deposits from U.S. customers and told its existing users to withdraw their crypto from the platform. Bittrex's U.S. operations made up a minority of its overall users. Affiliated exchanges based in Liechtenstein and Bermuda accounted for about 77% of the company's 5.4 million users as of March 27, according to court filings.

Bittrex filed for Chapter 11 bankruptcy protection, a month after saying it would shutter its U.S. operations, becoming the latest victim of crypto winter.

The United States-based cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite preparing to shut down local operations.

The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes.

In this article

U.S. prosecutors may charge Binance, the largest cryptocurrency exchange, and its top executives with money laundering and sanctions violations, the latest twist in a probe that began in 2018 and gained traction during the FTX collapse that shocked the industry.

US authorities have sent subpoenas to American hedge funds and market-making companies dealing with Binance, the world’s largest cryptocurrency exchange, asking for records of their communications with the exchange.