Manya Saini
Stories by Manya Saini
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.
Full contagion impact of FTX collapse still to show, says Coinbase CFO
There will be a drive towards regulation both in the US and globally, she says.
Tiger Global picked up Microsoft, Block, Uber shares in Q3
The hedge fund cut stakes in most of its portfolio in the second quarter amid losses.
KKR, Apollo and Carlyle become latest targets in SEC’s communication probe
The enquiry, which initially involved some of the largest US banks, was launched last year by the regulator.
UBS scraps $1.4b deal to buy US digital wealth management firm Wealthfront
The deal was expected to fast-track UBS's growth in the US market
Dreaded ‘down rounds’ shave billions off startup valuations
High-profile companies such as Stripe, Klarna and Instacart have seen valuations fall by a peg or two this year
US data security firm Immuta valued at $1b after latest funding led by NightDragon
Snowflake Ventures, Dell, DFJ Growth, Intel and Wipro joined the round
