News list for "banq"
The US judge has rejected the bankruptcy filing of cryptocurrency bank Banq
Banq, which filed for bankruptcy last year, was dismissed by a US judge who said the filing was to protect the company and its executives from ongoing litigation by creditors. Banq and its chairperson, Jon Jiles, were sued by creditor N9, accusing Jiles of failing to meet his fiduciary duties. Judge Natalie M. Cox, who heard the case, called the bank's filing a "malicious" strategy to "gain an advantage in pending litigation" rather than restructure. In his ruling, Judge Cox wrote that the bankr...
2024-10-14 09:01:45
7x24 Newsflash
22:53 2025-03-21
Crypto Super PAC Network Will Support Florida Republican House CandidatesThe crypto industry-funded Super PAC network will support two Florida Republican candidates in the April 1 special election for the U.S. House of Representatives. The network includes Fairshake, Defend American Jobs, and Protect Progress. Among them, Defend American Jobs will place $1.20 million in advertising in support of Florida Senator Randy Fine. Fine once wrote on the X platform: "Floridians want to see crypto innovation" and called for a "clean...
22:01 2025-03-21
Speculative traders switched to shorting the dollar for the first time since Trump's election victoryAccording to data from the U.S. Commodity Futures Trading Commission (CFTC), as of March 18, speculative traders turned to shorting the U.S. dollar for the first time since Trump's election victory.
21:34 2025-03-21
A16z crypto general counsel: SEC's current regulatory approach is not workingThe Securities Exchange Commission (SEC) recently hosted its first Crypto Working Group Roundtable at its Washington headquarters to discuss what has long been a central question - what makes an asset a security. The meeting marks a significant change in the SEC's approach to regulating the cryptocurrency industry, with what some crypto advocates have dubbed "regulation by law enforcement" likely to be coming to an end.
A16z crypto general counsel Miles Jennings said...
20:58 2025-03-21
Crypto VC Haun Ventures Raises $1 billion for Two New FundsCryptocurrency venture capital giant Haun Ventures has raised $1 billion for two new funds that will be split into two tranches, $500 million for early-stage project investments and $500 million for later-stage project investments.
20:39 2025-03-21
Perplexity AI is interested in acquiring TikTokArtificial intelligence company Perplexity AI announced its intention to take over TikTok U.S. business before the U.S. government ban takes effect, saying "Perplexity is uniquely positioned to rebuild TikTok algorithm without creating a monopoly." Currently, multiple buyers including Oracle, Microsoft, Walmart, and former Los Angeles Dodgers owner Frank McCourt and Roblox CEO Jesse Tinsley have also been rumored to be interested in buying TikTok.
20:03 2025-03-21
The three major U.S. stock indexes closed up slightlyThe three major indices of US stocks rose slightly, the Dow rose 0.07%, the Nasdaq rose 0.52%, the S & P 500 index rose 0.08%, most popular technology stocks rose, Tesla rose more than 5%, Apple and Meta rose more than 1%.
19:57 2025-03-21
Tether is in talks with Big Four accounting firms about reserve auditsTether, the world's largest stablecoin issuer, is in talks with a Big Four accounting firm to press ahead with its long-promised reserve audit. Tether, which has issued more than $140 billion worth of dollar-pegged cryptocurrencies, claims each token is backed by dollar-denominated assets and only publishes quarterly reports and has yet to complete a full audit. Paolo Ardoino, Tether's chief executive, did not disclose the firm or audit timeline under discussion, saying: "This [audit] is our hig...
19:51 2025-03-21
Tesla (TSLA. O) widened its gains to 5% in late trading.Tesla (TSLA. O) widened its gains to 5% in late trading.
19:38 2025-03-21
A Congolese government spokesperson said the ban on cobalt exports could be extended.A Congolese government spokesperson said the ban on cobalt exports could be extended.
18:49 2025-03-21
Istanbul's mayor denies corruption allegations, and Turkey's finance minister says he is monitoring market movementsOn March 22, market sources said that the detained Istanbul mayor, Imamoglu, denied corruption charges. Turkey's finance minister told bankers that the short-term fluctuations in the market are being closely monitored, necessary measures are being taken, and economic plans continue to be firmly implemented.
18:47 2025-03-21
Fidelity Solana Fund is registered in Delaware, USAAccording to market news, Fidelity Solana Fund is registered in Delaware, USA.
17:48 2025-03-21
The UK government is considering plans to reduce or even abolish the digital services tax by April 2.The UK government is considering plans to reduce or even abolish the digital services tax by April 2.
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