Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

The Genesis Global Capital Saga: Over $600 Million in Unsettled Loans

The Genesis Global Capital Saga: Over $600 Million in Unsettled Loans

By the time you finish reading this, you'll understand the intricacies of one of the most talked-about financial situations this year, a clash involving Genesis Global Capital and Digital Currency Group (DCG) that revolves around over $600 million in unsettled loans. The Unfolding Drama Genesis Global Capital, a major player

Inceptive Raises $100mn to Develop AI-based Vaccines and Drugs in Biotech Expansion

Inceptive Raises $100mn to Develop AI-based Vaccines and Drugs in Biotech Expansion

Andreessen Horowitz, which has invested in numerous tech companies, sees Inceptive's approach as the future of drug design. Chris Dixon, a general partner at Andreessen Horowitz, stated, “The blend of biology and AI has enormous potential. It can effectively shorten the drug development cycle, saving years and millions of dollars.

ThetaRay

ThetaRay

ThetaRay, the Leader in Next Generation AI-Powered Secure Global Payments, Raises $57 Million to Continue Unlocking Business Opportunities for Banks and FinTechs Latest Round was Led by Portage, a Global FinTech and Financial Services Investment Platform, and Supported by Largest Existing Shareholder JVP and Other Shareholders. Funding Follows 10x Customer

London Sees Rising Interest in Crypto Among Major Exchanges Despite Concerns

London Sees Rising Interest in Crypto Among Major Exchanges Despite Concerns

LONDON (Reuters) - Amid the global surge in interest in cryptocurrencies, regulated financial exchanges are evaluating ways to tap into this expanding market, according to a recent report by the World Federation of Exchanges (WFE) released on Tuesday. However, the same report revealed that about a third of these exchanges

JP Morgan Projects the SEC Will Be Pressured to Approve Bitcoin ETFs

JP Morgan Projects the SEC Will Be Pressured to Approve Bitcoin ETFs

In the wake of JP Morgan's latest assessments on the cryptocurrency landscape, one notion has grown increasingly clear: The Securities and Exchange Commission (SEC) may soon find itself with little choice but to approve spot Bitcoin Exchange Traded Funds (ETFs). This development, according to JP Morgan's analysts, follows a recent

GBTC

GBTC

A little bit about why GBTC is important Grayscale Bitcoin Trust controls over 635k BTC. That's about 4.5 times more than MicroStrategy has. Simply put, they dominate potential ETF products holding spot BTC by a wide margin. Bernstein also believe that Grayscale's victory over the SEC clears the way

Hong Kong police

Hong Kong police

458 people have been detained by Hong Kong police for money laundering. The criminals bought out bank accounts and used them to launder the proceeds of crime. The total amount of $60 million. $15 million of that was laundered through cryptocurrency. To open virtual bank accounts, the criminals fraudulently obtained

Hal Finney

Hal Finney

9 years since the death of Hal Finney - the man without whom there would be no Bitcoin Exactly 9 years ago, on 28 August 2014, Hal Finney, a renowned cryptographer and Bitcoin supporter who played a crucial role in the history of the first cryptocurrency, died. He could have

Binance

Binance

Binance has requested from small-cap projects detailed information about their market makers and whether they are willing to contribute up to 5% of their crypto assets to the exchange's accumulation pools. The goal is to encourage project teams to take the recommended steps necessary to improve liquidity and avoid possible

Abstracts from Powell's speech at the Jackson Hole Economic Symposium

Abstracts from Powell's speech at the Jackson Hole Economic Symposium

The Fed is prepared to raise rates further if necessary.A restrictive policy is needed until inflation slows steadily.We intend to keep rates at restrictive levels until inflation falls to 2 per cent.We will proceed cautiously.Inflation is falling more slowly than expected.Fed swaps are pledging a