CRYPTO giant Binance processed almost US$346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine”, blockchain data seen by Reuters show.
AUTOMAKERS looking to fund their transition to electric vehicles (EV) could potentially borrow about US$28 billion in green bonds globally this year, double the amount raised by the sector last year, according to Bloomberg Intelligence (BI).
CELSIUS Network is considering issuing a new digital-asset token to repay creditors as part of a proposal to reorganise and exit bankruptcy as a regulated crypto platform, the company said in court on Tuesday (Jan 24).
Financial institutions in the South-east Asian region need to adopt cutting-edge technologies to stay future-ready, explains professional services organisation EY.
QATAR’S sovereign wealth fund has increased its stake in Credit Suisse to just under 7 per cent, becoming the Swiss bank’s second-largest shareholder after Saudi National Bank, in a sign that its Gulf investor base is growing in importance.
GERMANY’S financial regulator BaFin considers another sudden and sharp interest rate hike to be one of the greatest threats currently facing the banking sector, according to a report published on Monday (Jan 23).
NATIONAL Australia Bank has created its own stablecoin pegged to the Australian dollar, a move that it says will help large institutional customers with transactions that use blockchain technology.
JAPAN’S finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday (Jan 23), just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt.
GOLDMAN Sachs’ asset management arm will significantly reduce the US$59 billion of alternative investments that weighed on the bank’s earnings, an executive told Reuters.
