A look at Tether's role in Venezuela's economy, which puts it in a prime position to aid the U.S. as it seeks to find funds allegedly stolen by Maduro's regime
The stablecoin served as a tool to avoid sanctions and a lifeline for everyday citizens — Nicolás Maduro helped make tether the world's dominant stablecoin.
A look at Tether's role in Venezuela's economy, which puts it in a prime position to aid the U.S. as it seeks to find funds allegedly stolen by Maduro's regime
The stablecoin served as a tool to avoid sanctions and a lifeline for everyday citizens — Nicolás Maduro helped make tether the world's dominant stablecoin.
Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties
Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing …
Sources: the SEC told Paxos the agency plans to sue the crypto firm, alleging the Paxos-issued and listed Binance USD stablecoin is an unregistered security
The agency has been intensifying its enforcement of major crypto players — The Securities and Exchange Commission …
Sources: Tiger Global reduced its latest fund's target size from $6B in October 2022 to $5B; Tiger expected to raise roughly $12.7B, its prior fund size in 2021
Wall Street Journal : Tweets: @eliotwb , @annberry_nyc , and @wsjmarkets Tweets: Eliot Brown / @eliotwb : Tiger Global: become synonymous with the overheated startup market by inc...
In an interview, Gary Gensler says crypto exchanges are “commingling” services to the detriment of customers and highlights their ties with popular stablecoins
Gary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules …
US Treasury Secretary Janet Yellen: passing legislation in 2022 to create a stablecoin regulatory framework “would be highly appropriate”, after UST's stumble
Paul Kiernan / Wall Street Journal :
Thoma Bravo has agreed to buy Anaplan for $10.7B or $66/share, after the maker of cloud-based business planning software closed at $50.59 on Friday
Miriam Gottfried / Wall Street Journal :
Presto, which provides restaurants with food ordering hardware and analytics, is going public via a SPAC merger at a ~$1B valuation
Presto is known for its pay-at-table kiosks, tablets and artificial-intelligence tools — Restaurant-technology startup Presto is combining … Source: Presto .
Treasury Department sanctions cryptocurrency exchange Suex for helping facilitate and launder transactions from at least eight ransomware variants
- The U.S. Treasury Department announced Tuesday it will sanction a cryptocurrency exchange for its alleged role in laundering ransoms for cyberattacks.Source:U.S. Department …andU...
Wall Street institutions are increasingly tracking amateurs on Reddit, Twitter, and Discord to find trading opportunities, following GameStop's meteoric rise
As China ramps up testing of its digital yuan, its call for help from Ant and Tencent has led to an awkward dynamic, as Alipay and WeChat Pay are rivals
Jing Yang / Wall Street Journal :
Crypto derivatives exchange FTX raises $900M from SoftBank, Sequoia, and others, valuing it at $18B; CryptoCompare: FTX handles $10B+/day in trades on average
Capital Raise Pushes Exchange Valuation to $18 Billion Michelle Lim / Forkast : FTX crypto derivatives exchange closes record $900M Series B with $18B valuation Tweets: SBF / @sbf_...
Self-driving truck startup Embark says it is going public via SPAC merger at a ~$5.2B valuation
Amrith Ramkumar / Wall Street Journal :
Wise, previously known as TransferWise, plans to go public on the LSE via a direct listing, the first company to choose an alternative listing in the UK
Bloomberg :
Sources: Shopify, Sequoia, and others recently bought ~$1B of Stripe stock from existing shareholders before Stripe's expected IPO; bids exceeded $4B
Peter Rudegeair / Wall Street Journal :
Filing: CFPB probes Venmo's debt-collection tactics; Venmo actions like threatening to send debt collectors after users who are scam victims are under scrutiny
including threatening to send debt collectors after customers who are scam victims—have previously come under scrutiny https://www.wsj.com/... Charles Forelle / @charlesforelle : A...
Source: Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank
Bloomberg :
Sources detail how Elliott Management helped Masayoshi Son save SoftBank from financial ruin in the spring; sources say Elliott now owns $5B+ in SoftBank shares
SoftBank reveals details for SB Northstar, a new unit focused on Nasdaq tech stock trading: $17B portfolio, $3.4B in equity derivatives, and a $3.7B loss so far
Financial Times :