Finance

KuCoin CEO Refutes Rumors that the Exchange Will Pause Withdrawals or Had Exposure to 3AC, LUNA or Babel Finance.

Summary: KuCoin CEO, Johnny Lyu, has debunked rumors that the exchange will soon pause withdrawals. According to Mr. Lyu, KuCoin does not have direct exposure to collapsed LUNA, Three Arrows Capital, or Babel Finance. He further reassures that ‘everything on KuCoin is operating well.’ The CEO of KuCoin, Johnny Lyu, has refuted claims that the …

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UK science minister in dispute with Treasury over post-Brexit funding

Finance / By Alex

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access …

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Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion

Finance / By brbc

Source: Adobe/maciek905 Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote. Going into detail on the collapse of crypto hedge fund …

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Byju’s wants to buy an American startup—but does it have the funds?

Finance / By brbc

Byju’s is set to splurge $1 billion on US-based ed-tech firm 2U but it may be in dire need of better bookkeeping back home. For one, the Indian ed-tech major’s financial reports have been delayed for the past two years. There have also been reports of the company pushing back payments by two months for …

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