NOT Financial News

08.02 / 23:29

Law regulation Bankruptcy hedge fund Lawyers NOT 3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

Three Arrows Capital founder Kyle Davies has not responded to a subpoena issued over Twitter aiming to gather information related to the firm’s assets.

03.02 / 12:11

Decentralization community Fiat Money Bitcoin Community Bitcoin NOT Ray Dalio says Bitcoin is not the answer, the community responds

While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic.

03.02 / 08:33

business Mining MicroStrategy Press Release Bitcoin NOT Marathon’s first Bitcoin sale in 2 years not the result of distress

The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded some of its Bitcoin for the first time in two years.

02.02 / 13:47

NOT DWS chief does not rule out potential fines from ESG probe

The chief executive of DWS said he cannot rule out regulatory fines as an investigation into the asset manager's ESG practices continues.

01.02 / 17:29

Blockchain BTC Twitter Drugs Telegram Platform NOT S Korean Crackdown Has Not Dampened Youth’s Thirst for Bitcoin-powered Drug Dealing

Crypto-powered drug trading is still booming in South Korea – and a recent police crackdown on online bitcoin (BTC) and altcoin drug deals has done little to dampen the demand for web-traded narcotics.

31.01 / 14:15

Stablecoin regulation NOT Hong Kong will not tolerate algorithmic stablecoins in new regulation

In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times.

31.01 / 14:07

UPS NOT KPMG UK boss Jon Holt says firm will not follow EY: ‘We are not splitting our business’

KPMG UK chief executive Jon Holt said the firm remains committed to its multidisciplinary approach and will not break up despite rival EY’s plans to split.

28.01 / 17:07

Government Law Adoption regulation Trading Celsius fall NOT Genesis Capital’s fall might transform crypto lending — not bury it

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022.

27.01 / 22:45

business Funding Venture Capital Bankruptcy Celsius NOT Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.

25.01 / 23:45

UPS NOT Who Goes First On Your Joint Tax Return? Probably Not the Woman.

WASHINGTON—When calculating federal income taxes, it makes absolutely no difference which spouse is listed first on a joint tax return. An opposite-sex couple can put the man’s name first, start with the woman’s name, list them in order of income, go alphabetically or begin with the spouse who woke up earlier last Tuesday. It literally doesn’t matter one cent.

24.01 / 16:57

NOT Credit Suisse’s laid-off bankers will not face bonus clawbacks

A Credit Suisse bonus scheme that gives more upfront cash to senior bankers in a bid to retain talent comes with a sting in the tail — anyone who quits within three years has to pay back the full amount.

23.01 / 21:07

markets Bitcoin Price NOT Bitcoin price stays near $23K as data shows hodlers not selling BTC

Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher.

23.01 / 20:31

regulation Bankruptcy NYDFS NOT NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”.

21.01 / 00:33

Blockchain Ethereum Hackers hacks SushiSwap Ava Labs TradFi NOT DeFi should complement TradFi, not attack it: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

20.01 / 17:41

BLOCK Ripple Bitcoin NOT Top 3 Reasons Why Crypto Prices Are Not Plummeting After Genesis Bankruptcy News

Genesis is one of the largest companies in the Bitcoin and crypto space, and has this morning announced that they are to be entering into a chapter 11 bankruptcy filing, after many of the loans that they issued to various parties in the crypto space soured.

20.01 / 14:05

CEO Working from Home NOT Wall Street bank CEOs slam working from home: ‘This is not an employee choice’

In the middle of 2020, at the height of the Covid-19 pandemic, bank chief executives were touting the success of remote working, with some even outlining plans to slash office space as thousands of employees stayed at home.

19.01 / 11:57

Government Adoption World Economic Forum Davos NOT Metaverse not the endgame, but 'ongoing digital transformation': Davos 2023

The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space.

19.01 / 03:35

Strategy Time NOT Now is not the time to pivot from ESG

Beatriz García Fernández‑Viagas is an EU regional expert at sustainability intelligence firm Enhesa; Mary Foley is expert services strategy director at Enhesa; Nathaniel Gajasa is a US regional at Enhesa.

19.01 / 02:09

regulation Department Of Justice sanctions Low NOT Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action

Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov.

18.01 / 15:03

Blockchain Adoption defi avalanche Ava Labs TradFi NOT DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023

Decentralized finance (DeFi) is on its way from becoming a small niche within the financial industry to something traditional finance (TradFi) is trying to incorporate.

18.01 / 12:21

FTX Silvergate NOT Silvergate Loses $1 Billion But Stock is Up Because Numbers Show it is Not Going Bust Anytime Soon

Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.

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