September 05, 2023
Genesis Global Trading to End Over-the-Counter Crypto Trading in US
Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. 18. In an email sent to clients, the company stated that all...
September 04, 2023
CE 100 Index Gains 4.2% as Shopping Platforms Surge
All pillars of the CE 100 Index were in positive territory as August ended and opened the door to September trading. The overall index was 4.2% higher on the week,...
September 03, 2023
Report: Apollo Seeks Buyer For Amazon Brand Aggregator Perch
Apollo Global Management is reportedly second-guessing its investment in Amazon brand aggregator Perch. The private equity firm in 2001 pledged up to half a billion dollars in debt to Victory...
September 01, 2023
Robinhood to Repurchase Bankman-Fried’s Former Stake From US Government
Online brokerage Robinhood has reached an agreement with the U.S. Marshal Service (USMS) to repurchase shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The deal, valued at $605.7 million, comes after Robinhood’s shares were seized and transferred to the...
August 31, 2023
Report: eCommerce Company Benitago Files for Bankruptcy
New York-based eCommerce company Benitago has reportedly filed for bankruptcy. The firm is seeking protection from creditors two years after raising $325 million in funding, The Wall Street Journal (WSJ) reported Thursday (Aug. 31)....
August 30, 2023
Report: Babylon Holdings’ Financial Difficulties Mount After Merger Failure
Digital health firm Babylon Holdings Ltd. is reportedly teetering on the edge of collapse after its merger plans with another healthcare company fell through. The United Kingdom-based company, known for its app...
August 30, 2023
DOJ Moves to Strike All of Bankman-Fried’s Expert Witnesses
Seven has not been a lucky number for disgraced FTX founder Sam Bankman-Fried lately. The curly-haired whiz kid’s failed crypto exchange FTX lost over $7 billion of customer funds. And...
August 29, 2023
Trade School Student Loan FinTech Fynn Boosts Borrower Benefits
To provide more flexibility and support to trade school student loan borrowers, Fynn, a fintech lender specializing in private student loans, announced expansions to its benefits package on Tuesday (Aug. 29). These expansions...
August 29, 2023
FDIC Wants Regional Banks to Issue $70 Billion in Fresh...
In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. That’s because after SVB (Silicon Valley Bank) collapsed due to a structurally weakened balance sheet, compounded by a panic-induced bank...