Financial

Saddle Finance announces end of lock-up period for its native SDL token

Saddle Financea multichain decentralized automated market maker (AMM), ended the first vesting stage for its native token, Saddle Finance (SDL) on Thursday, June 23, 2022. All community members that helped Saddle by providing funds to its liquidity pools are receiving access to their tokens so tokenholders can trade and transact SDL. Users can stake SDL, …

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Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

The cryptocurrency lending platform Babel Finance finally reached a debt agreement with counterparties. Before now, the firm had experienced some difficulties in its operations due to the present market downturn. It stopped withdrawing and redeeming crypto assets in its custody at the time to avoid possible liquidation pressures. However, by carrying out its legal responsibilities …

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Huntsville Finance Director paints positive picture of TIF performance

Published on June 24, 2022 A key tool used to improve infrastructure and development of industrial sites continues to show positive dividends as City leaders look to the future. An aerial view of Huntsville’s western industrial corridor. Tax increment finance districts, or TIFs, have helped the city lure industry as well as improve public infrastructure. …

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Was Convex Finance targeted in the latest spoofing exploit

Amid the broader market downturn, 24 June was a rather unforgettable day for the crypto community. After the Harmony Bridge was attacked for $100 million Convex Finance urged its users to be diligent in checking the addresses for contract approvals. Reportedly, the website of Convex Finance was hijacked earlier on 24 June. “Need a hand …

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This week in Bidenomics: Let’s get this recession started!

President Biden is the last optimist standing. Fed Chair Jerome Powell made clear this week that a recession won’t stop the Fed from hiking interest rates as high as necessary to crank down inflation. He even sounded like he’s eager for a recession. After Powell testified before Congress on June 22, Fed whisperers explained that …

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Goldman Sachs Stock: My Top Banking/Finance Pick (NYSE:GS)

Chris Hondros/Getty Images News I would preface this article by stating I do not consider myself a banking expert. I do not follow individual company decisions and balance sheets closely. Why? Most financial stocks tend to move slowly, and have histories of flatlining for 5-10 years at a time. However, I have watched this sector …

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Australian Crypto Exchange BTC Markets Receives Finance Service License

Australian Crypto Exchange BTC Markets Receives Finance Service License

Some jurisdictions have put regulations for BTC and crypt mandatory-related companies. For example, a law demands that all crypto service firms and exchanges have a financial license. Such laws are appropriate as more criminal activities and scams are rampant through the use of cryptocurrencies. As digital assets and crimes grow, many governments are on the …

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Allied Esports Entertainment Announces First Quarter 2022 Financial Results

NEW YORK, June 24, 2022–(BUSINESS WIRE)–Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company” or “AESE”), a global esports entertainment company, today announced financial results for the first quarter ended March 31, 2022, as well as an update on key business initiatives. This release refers to “continuing” and “discontinued” operations due to the sale of the …

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