Regulators in the Bahamas directed FTX to move digital assets to safeguard them for creditors exposed to the blowup. FTX said in its bankruptcy filing there was “credible evidence” the Bahamian government was “directing unauthorized access” to FTX’s systems. FTX and the Bahamas-based unit have filed separate bankruptcy protection petitions in the US. Loading Something… Continue reading Bahamas says it directed FTX to move digital assets for ‘safekeeping’ as the crypto firm plunged into crisis
Coinbase gets hit with a downgrade from BofA as the FTX implosion brings more pain to crypto markets
Coinbase is “not another FTX” according to Bank of America, but that doesn’t mean it’s immune from the crypto fallout.The bank downgraded Coinbase to “Neutral” and lowered its price target to $50 from $77 in a Friday note.BofA listed three headwinds that Coinbase has to deal with in the aftermath of the FTX implosion. Loading… Continue reading Coinbase gets hit with a downgrade from BofA as the FTX implosion brings more pain to crypto markets
Binance adds to stablecoin mystery by resuming Tether deposits while keeping out USD Coin
Binance resumed deposits of stablecoin Tether on Friday, a day after an unexplained pause. But a pause in deposits of stablecoin USD Coin is still in place until further notice. The latest moves also came without any further detail, despite prices for both coins remaining steady. Loading Something is loading. Thanks for signing up! Access… Continue reading Binance adds to stablecoin mystery by resuming Tether deposits while keeping out USD Coin
Here’s what seven investment giants with $2.3 trillion in assets are betting on in 2023
Looking for opportunities in rare metals to the Asia region including China. Some still wary that stocks have further to fall Author of the article: Bloomberg News David Ramli, Zhang Dingmin, Amy Bainbridge and David Scanlan Publishing date: Nov 17, 2022 • 7 hours ago • 7 minute read Join the conversation Anne Richards, chief executive… Continue reading Here’s what seven investment giants with $2.3 trillion in assets are betting on in 2023
If you disagree with a CRA ruling, make sure you file an objection on time — or else
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Canada’s inflation surge stalls at 6.9%: What you need to know
Kevin Carmichael: Latest CPI won’t stop Bank of Canada from hiking rates further, but it might pave way for a pause in new year Publishing date: Nov 16, 2022 • 1 day ago • 4 minute read 191 Comments Canada’s inflation rate was largely driven by higher gasoline prices and mortgage interest, Statistics Canada said on… Continue reading Canada’s inflation surge stalls at 6.9%: What you need to know
Inflation data raise odds of smaller rate hike in December, economists say
But some still think the central bank will need to go above 4% before the hiking is done Publishing date: Nov 16, 2022 • 12 hours ago • 4 minute read 7 Comments Canadians paid 30 per cent more for lettuce but overall price growth in food slowed slightly in October. Photo by Getty Images Canada’s… Continue reading Inflation data raise odds of smaller rate hike in December, economists say
FTX and Alameda Research didn’t have their own accounting department – and it’s impossible to rely on any of their financials, bankruptcy filing says
FTX didn’t have an in-house accounting department, according to a recent bankruptcy filing. The group is now struggling to obtain accurate financial statements, new CEO John Ray III said. FTX’s accounts were audited by a firm that claims to be the first certified accountant to open an office in the metaverse. Loading Something is loading.… Continue reading FTX and Alameda Research didn’t have their own accounting department – and it’s impossible to rely on any of their financials, bankruptcy filing says
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