Banks suffer as Elon Musk’s Twitter buyout hits major hurdles
The “hung” loans have led to bankers calling it the worst buyout since 2008.
Related Posts


Binance and CZ sued by CFTC over US regulatory violations
The cryptocurrency exchange and its founder, Changpeng Zhao, have allegedly violated trading and derivatives rules. 912 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe United States Commodity Futures Trading Commission has filed suit against Binance and CEO Changpeng “CZ” Zhao for trading violations, according to a Bloomberg…

$100M Bitcoin liquidated as BTC drops: Will ETF investors panic sell?
Despite BTC falling below the realized price of ETF buyers, ETF holders did not panic sell, but a deeper correction remains on the horizon.

US Subsidiary of EU Crypto Exchange Bitstamp Seals Bitlicense From New York Regulator
The United States subsidiary of major European crypto exchange Bitstamp has been granted a virtual currency license from New York state’s financial regulator, according to an official press release from the New York Department of Financial Services (NYDFS) on April 9.The license, known as a BitLicense, has been awarded by the NYDFS to Bitstamp USA…

‘Godmother of AI’ launches World Labs with $230M funding at $1B valuation
The company’s focus will be on developing artificial intelligence with 3D perception.

Gemini launches crypto education platform featuring ‘Expert Network’
Cryptopedia is a free educational resource that provides an introduction to digital-asset investing. 3715 Total views 8 Total shares Cameron Winklevoss, Gemini’s president, unveiled Cryptopedia on Thursday. He described the new platform as a “free resource that provides open-access, high-quality crypto education to the world.”The platform currently includes categories devoted to cryptocurrencies, security, trading and…

Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
The counter exploit came after the High Court of England and Wales ordered Oasis.app to work with Jump Crypto to retrieve the stolen funds. 123 Total views 3 Total shares Own this piece of history Collect this article as an NFTWeb3 infrastructure firm Jump Crypto and decentralized finance (DeFi) platform Oasis.app have conducted a “counter…

Coinbase was aware of securities law violations, the SEC claims in letter
According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk. 248 Total views 1 Total shares According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws…

Global GPU price drops to compensate for falling Bitcoin mining revenue
The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment. 446 Total views 7 Total shares As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to…