Before his return, Alibaba founder Jack Ma had been abroad for over a year. The billionaire's relationship with Chinese authorities is strained. Now, he has reappeared in China for the first time. The Hong Kong newspaper South China Morning Post, which he owns, reported that Ma visited a school in the eastern Chinese metropolis of Hangzhou on Monday.
U.S. Treasury Secretary Janet Yellen will chair a closed-door meeting of the Financial Stability Oversight Council (FSOC) on Friday, media reports said, citing a statement from the department.
Since the end of December 2020, the SEC has been at loggerheads with Ripple. The legal dispute drags on and weighs on the cryptocurrency XRP. Is the decisive help for Ripple coming now?
The U.S. increased pressure on the crypto industry this week. Regulators sued Tron founder Justin Sun and several of his prominent supporters. Moreover, the warned crypto exchange Coinbase that it might take enforcement actions.
Is the Ethereum Blockchain a platform on which cryptos are created and traded that qualify as securities? According to Gary Gensler, Chair of the U.S. SEC, the answer to this question is YES. The discussion about this is not new, but after the difficult crypto year 2022 with the collapse of FTX and other crypto schemes, crypto regulation takes on increased urgency.
It was a blow to the heart of the startup industry wit the potential to destroy thousands of startups and hundreds of VC funds: The sudden death of Silicon Valley Bank (SVB) and Signature Bank has sent shockwaves through the startup industry not just in the U.S., but around the world. Regulators in the U.S. and UK took action to prevent a super-GAU.
Italy's central bank chief Ignazio Visco criticizes interest rate comments by his colleagues on the ECB's possible further tightening course after March. He openly criticized his hawkish colleagues for making statements when officials had agreed not to give such guidance.
A few days ago, the decentralized crypto exchange Uniswap launched its wallet. But there are teething problems: First, Apple did not approve the app, and now trouble with the German financial regulator is looming.
