Manya Saini
Stories by Manya Saini
Chinese tech firm Bestpath to go public in US via $1.2b SPAC deal
The current shareholders of Bestpath will retain a majority of the outstanding shares of the combined entity.
Crypto lender Silvergate’s deepening crisis jolts peer stocks
The stock closed the volatile session 6.4% lower at $5.40, while several crypto stocks also closed in negative territory.
KPMG becomes first Big Four accounting firm to cut jobs in US
The cuts at KPMG will affect close to 700 people.
Social media platform Reddit looking to go public in H2 2023
In Dec 2021, Reddit had confidentially filed for an IPO with the US securities regulator.
Crypto firm Voyager Digital to sell assets to Binance.US in deal valued at $1b
Binance will make a $10m deposit and reimburse Voyager for up to $15m.
Crypto lender BlockFi files for bankruptcy, cites FTX exposure
BlockFi said its substantial exposure to FTX created a liquidity crisis.
Crypto lender Genesis subject of probe by regulators
In the aftermath of FTX collapse, Genesis suspended customer redemptions in a spillover effect
Cryptocurrency lender Genesis says no plans to file for bankruptcy
Last week, Genesis suspended customer redemptions in its lending business.
FTX’s Sam Bankman-Fried sold $300m stake during funding spree
He had then told investors it was a partial reimbursement of money he spent to buy out Binance’s stake in FTX.
Crypto lender Genesis had sought emergency loan of $1b, per report
Genesis Global Capital suspended customer redemptions in its lending business on Wednesday.
