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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
3.4.2023
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of...
U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says
1.4.2023
District Judge Jennifer Rearden put the $1 billion deal on hold but said she’d expedite an appeal to avoid too much delay
China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
31.3.2023
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural...
Back on track: Kraken inks F1 crypto sponsorship deal with Williams Racing
29.3.2023
Kraken has inked a partnership deal with Williams Racing marking the first major return to F1 for crypto this year
Bobby Kotick Calls Out PlayStation In Email To Whole World
29.3.2023
As we grow closer to the finish line in the months-long struggle for Microsoft to buy Activision Blizzard, things are getting tense. Governments are getting involved, weird promises are being made and the people at the centre of it all—like Activision CEO Bobby Kotick—sound like they’re starting...
Former CFTC Chairman: Regulator's Lawsuit Against Binance 'Is a Big Deal'
28.3.2023
“This is a big deal,” Timothy Massad told CoinDesk TV’s “First Mover” regarding the agency’s action against the largest crypto exchange in the world
Kraken Lands Sponsorship Deal With Williams Racing Despite U.S. Regulatory Crackdown
28.3.2023
Formula 1 team Williams Racing signed U.S. crypto exchange Kraken as a sponsor after losing one of its most prominent drivers, Nicholas Latifi, who reportedly earned the team a large amount of sponsorship fees
AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFi
28.3.2023
AllianceBlock, a blockchain-agnostic platform, has signed a deal with business data provider Crunchbase to import traditional finance data into the DeFi ecosystem
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
28.3.2023
Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies
First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg
27.3.2023
Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT
Microsoft Ends $1 Xbox Game Pass Offer
27.3.2023
Microsoft’s long-running introductory offer for its Xbox Game Pass subscription platform, which let users try the service out for $1 for the first month before moving onto more expensive payments, has finally come to a close.Read more
Microsoft Just Overcame A Major Hurdle Blocking The Activision Deal
24.3.2023
Microsoft’s $69 billion deal to buy Activision Blizzard inched closer in a big way on Friday. UK regulators announced a provisional finding that the acquisition wouldn’t harm competition, despite previously suggesting the Xbox maker might need to spin-off the Call of Duty business to get the sale...
U.S. Senator Blasts Sony's Monopoly On Cool Games
24.3.2023
As Sony and Microsoft continue to battle over the latter’s proposed $69 billion dollar purchase of Activision Blizzard, more and more people—relatively powerful and influential people—are being drawn into the debate.Read more
The UAE central bank signs deal for CBDC strategy
23.3.2023
The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub
Crypto Platform Ziglu Courting Buyers After Robinhood Deal Collapses: Report
23.3.2023
Ziglu is also looking to raise around $2.46 million to enable it to continue operating until a sale is agreed
eToro raises $250M after terminating SPAC deal
22.3.2023
The Israel-based firm raised capital for the first time since 2018, after failing to go public in 2022 through a SPAC merger
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
18.3.2023
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit...
LinksDAO Inches Closer to Closing Scottish Golf Club Deal
16.3.2023
The decentralized special interests organization could pay nearly $1 million for its first golf club
Report: US Government Auctions Off Failed Banks SVB and SNBY, Crypto Restrictions Apply
16.3.2023
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications...
Binance-Voyager deal to go without holdings, NY judge rules
16.3.2023
According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds