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Amid Crypto Chaos, Soros Fund CEO Sees Opportunity for Traditional Finance


Soros Fund Management CEO Dawn Fitzpatrick has expressed her continued faith in cryptocurrency, despite the recent setbacks.  During a recent Bloomberg investment summit, Fitzpatrick mentioned that although it is a testing time for the industry, it is a huge opportunity for established financial...

SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry


The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared...

GameStock Fires CEO As Meme Stock Plummets


GameStop has terminated CEO Matt Furlong and announced that meme stock investor and SuperStonk cult-hero, Ryan Cohen, will take over as Executive Chairman. The famous brick-and-mortar gaming retailer’s stock price proceeded to drop over 15 percent in after-hours trading. Read more

ARK Invest CEO Cathie Wood Ups Her Stake in Coinbase Following SEC Lawsuit


Ark Invest CEO Cathie Wood upped her stake in Coinbase after a US regulator accused the exchange of operating unlawfully.  Three Ark Investment Management LLC funds, including Wood’s Ark Innovation ETF, bought 419,324 shares of Coinbase on Tuesday, according to Bloomberg News, citing its data. ...

Bank of America Predicts Milds Recession After Fed’s Tightening Action


Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to fight inflation, and how this will increase...

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