Feed Items
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies.
Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion.
In an amended complaint filed Friday (Feb. 9), James says that more investors...
American lenders have loaned so-called “shadow banks” more than $1 trillion, and regulators are worried.
That’s according to a report Saturday (Feb. 10) by the Financial Times (FT), which cites recent figures from the U.S. Federal Reserve showing that U.S. banks’ loans to non-deposit-taking financial companies had gone past $1 trillion at the end of last month.
That amount is up 12% over the last...
Today’s CFOs are tasked with a threefold agenda: maintaining differentiation, attracting strategic partners and managing capital.
And with annual budget season in the recent rearview mirror, the importance of focusing on initiatives that create the most value is top of mind for finance teams.
“What’s important is to stay focused and support that through analytics and determining what will drive...
As Super Bowl weekend has consumers across the United States focused on one thing, brands and retailers are going all out to seize the opportunity to capture shoppers’ attention.
According to the NFL, 200 million people watched last year’s Super Bowl, 60% of the U.S. population, presenting a hugely valuable opportunity, and for decades, brands and retailers have been seizing on this chance,...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...