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Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback
11.10.2023
In response to the recent regulatory challenges faced by Bitfinex, iFinex Inc., the Hong Kong-based parent company, is set to repurchase shares worth $150 million from its shareholders, constituting approximately 9% of the company's total outstanding capital. This move, reported by Bloomberg...
Switzerland preparing emergency measures for UBS' takeover of Credit Suisse: Report
19.3.2023
The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
15.12.2022
B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy
Twitter’s Shareholders Overwhelmingly Vote for Elon Musk to Take Over the Social Media Platform
15.9.2022
Twitter’s shareholders have overwhelmingly voted for Tesla CEO Elon Musk to take over the social media platform. “Approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement,” the social media giant said. Shareholders Want...
Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months
8.8.2022
Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop...
Twitter board recommends shareholders vote for Elon Musk’s takeover
22.6.2022
The board stated that Twitter will be hosting a virtual meeting at an unspecified date to vote on the merger ahead of its deadline on Oct. 24
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday
17.10.2021
The digital asset company Bakkt Holdings has completed a merger with a firm called VPC Impact Acquisition Holdings and the combined business will be listed on the New York Stock Exchange (NYSE) on October 18. Bakkt revealed it was aiming to go public last January, and the Bakkt listing on Monday...
Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm’s Shares Down 30% Since Buying
8.3.2021
Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the company announced it would...
Wirecard Fallout: Auditor EY Accused of Not Flagging $2.1B Black Hole Sooner
29.6.2020
Following a sharp drop in the Wirecard stock price, the German shareholders' body holds EY responsible for not alerting the public sooner over the firm's accounting failures
Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale
1.10.2019
The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify...