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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

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The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and … Read more

Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

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Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to the mix to cut costs and lower the quality of gold. Reportedly, … Read more

SEC-retly Failing: How the SEC Is Letting Crypto Down

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When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught a course on the subject at MIT. However, … Read more

PR: Boomstarter.Network to Democratize Global Startup Funding with Blockchain

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Boomstarter.Network, the biggest platform in Eastern Europe generating pre-sales for startups, moves to blockchain to challenge a number of limitations that constrain existing crowdfunding services. In contrast to many classical crowdfunding platforms, Boomstarter.Network will allow startups from any country to pre-sell their future products. This becomes possible with blockchain technology and digital currencies. Boomstarter.Network will … Read more