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Banking/Credit
Binance Cuts Back Employee Benefits, Citing Decline in Profit
The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items. Source link
Hong Kong Is Bullish on Crypto. Its Banks Aren't So Sure.
Crypto CEOs used to talk about disrupting the financial system. Now some of them are struggling to find a bank. Source link
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for
Unions Park Their Cash at This Bank. Will They Stick Around?
Amalgamated has big paper losses and a large number of uninsured deposits. Source link
U.S. Virgin Islands Seeks $190 Million From JPMorgan Over Epstein Suit
The U.S. Virgin Islands filed the lawsuit last year alleging that the bank ignored red flags about Jeffrey Epstein’s behavior because he was bringing in
Binance Lays Off Over 1,000 Employees
The giant crypto exchange, is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and
FTX Sues Over European Unit Deal, Seeking to Recover $323 Million
FTX filed a lawsuit on Wednesday against former managers of a Swiss business the bankrupt cryptocurrency exchange had acquired, looking to claw back at least
Ripple Wins Early Dismissal of Some Claims in SEC Lawsuit
The cryptocurrency company won early dismissal of some regulatory allegations related to its sale of more than $1.4 billion worth of a digital token known
Crypto Lender Celsius CEO Is Arrested, Sued by Regulators
Celsius Network founder Alex Mashinsky was arrested in New York early Thursday morning and charged with securities fraud. Source link