Finance

Polkadot Stablecoin Depegs Following $1.2 Billion Acala Network Exploit

TL;DR Acala network, the defi protocol for Polkadot, has suffered a breach, and its stablecoin depegged from the dollar. Acala Network’s aUSD stablecoin currently sits below $1, dropping as low as 0.58 at one point. It is reported that hackers collected approximately $1.2 Billion $AUSD. Polkadot’s decentralized finance protocol Akala Network is in significant trouble …

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LIV’s Astonishing Progress In Just Six Wild Months: A Timeline

Finance / By brbc

Topline In a span of six months, LIV Golf went from a Saudi-financed pipe dream with no signed golfers to a legitimate PGA Tour rival with six Masters champions and a former president on board – here’s how it got to that point. Americans Dustin Johnson, left, and Phil Mickelson of play at LIV Golf’s …

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Abrdn Acquires Stake in Archax

Finance / By brbc

In an official announcement on 12 August, Archax confirmed that abrdn has signed a deal with the company to become its largest external shareholder. Archax has been established to facilitate institutional investors who are interested in blockchain-based digital assets. Archax was established four years ago. The company has secured approval from the Financial Conduct Authority …

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Broadridge’s Total Revenues Climb 12% in Q4 FY22

Finance / By Alex

NYSE-listed financial technology giant, Broadridge Financial Solutions reported its financial results for the fourth quarter of the fiscal year 2022 (Q4 FY22) yesterday. During the mentioned period, the company witnessed solid growth across key business areas. Total revenues in the recent quarter reached $1,723 million, which is 12% higher compared to the same period last …

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Global Brokerage’s Net Revenue Surges 22% to $37.8 Million in Q2 2022

Finance / By brbc

Global Brokerage Inc., the owner of FXCM, an online forex trading and contract for difference (CFD) broker, recorded 21.6% growth in its net revenue in the second quarter of 2022. The net revenue in the quarter came in at $37.83 million, which is a significant rise from the $31.1 million generated during the first quarter …

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