(CNBC) Crispin Odey has taken a bullish view on Swiss bank UBS Group’s controversial rescue of stricken rival Credit Suisse Group by investing 2% of Odey Asset Management funds in UBS shares, according to a report by Bloomberg. To read […]

(Hedgeweek) Professional investors are increasingly confident about investment opportunities in the crypto and digital asset sector over the short and long term despite recent market weakness, according to new research by London-based digital asset hedge fund Nickel Digital Asset Management […]

(Hedgeweek) Hedge fund Modulo has agreed to repay 97% of the money that companies from Sam Bankman-Fried’s bankrupt FTX cryptocurrency empire paid to it during 2022, according to a report by Reuters, citing court documents filed on Wednesday. To read […]

(CNBC) Futures tied to the Dow Jones Industrial Average were near flat Thursday night as investors’ attention shifted from this week’s Federal Reserve meeting back to the U.S. banking system. Futures tied to the Dow added 23 points, trading near […]

(CNBC) “Welcome to the most bipartisan committee in Congress,” boomed Rep. Buddy Carter, R-Ga., speaking to the TikTok CEO Shou Zi Chew, a couple hours into a marathon hearing about the potential threat to U.S. consumers from the massively popular […]

(CNBC) Shares of Jack Dorsey’s Block plunged nearly 15% by Thursday’s close after short seller Hindenburg Research announced that the payment company was its latest short position, alleging that Block allowed criminal activity to operate with lax controls and “highly” […]

(CNBC) Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities and Exchange Commission for its aggressive actions against digital currency firms, according to multiple executives who spoke to CNBC. […]

(Hedgeweek) The US Securities & Exchange Commission (SEC) has postponed a planned vote on a proposed new rule aimed at protecting the stability of the financial system by detecting risk in the $20 trillion private asset management sector. To read […]

(CNBC) Federal Reserve Chair Jerome Powell said Wednesday that the U.S. banking sector is strong but that the recent failure of some regional banks could cause ripple effects that slow down the economy. Powell described the banking system as “sound […]

(HedgeCo.Net) Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. The Securities and Exchange Commission today announced charges against crypto asset entrepreneur Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and […]

(CNBC) The Securities and Exchange Commission issued crypto exchange Coinbase a Wells notice, warning the company that it identified potential violations of U.S. securities law. Coinbase shares fell nearly 12% in extended trading after the news broke on Wednesday, adding […]

(CNBC) Bitcoin has rallied nearly 70% so far this year — and industry insiders who spoke to CNBC remain bullish, with one saying the world’s biggest cryptocurrency could reach new heights. Bitcoin previously hit its all-time high of $68,990.90 in […]