Banking

Too Big to Fail?

Several weeks ago we covered Credit Suisse in some of our articles about risk management and regulations. This week they’ve been in the news again for all the wrong reasons, which may have an impact on the crypto market. Once the darling of Wall Street, Credit Suisse is rapidly turning into its nemesis. Following several multi-million dollar fines, they’ve lurched from one scandal to another. In September 2021 the UK’s Financial Conduct Authority issued a statement saying, “The Financial Conduct Authority has fined Credit Suisse over £147 million for serious

ING spins out Pyctor digital assets technology to GMEX Group

Leading fintech provides regulatory compliant digital assets network & custody technologyStrengthens GMEX’s MultiHub platform, integrating traditional and decentralized finance London and Amsterdam, 11 July 2022 - ING announced today that it has spun out Pyctor to GMEX Group (‘GMEX’), a leader in digital business and technology solutions for exchanges and post-trade market infrastructure. Pyctor’s digital post-trade market infrastructure technology is designed for firms operating in regulated environments. It provides highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between

NBA 2K22 Sniper Badge Explained

Top GamesAre you looking to apply all NBA 2K22's shooting badges? Here's our breakdown of the Sniper Badge in NBA 2K22. / 2K GamesAre you looking to apply all NBA 2K22's shooting badges? Here's our breakdown of the Sniper Badge in NBA 2K22.Badges in NBA 2K22 are essentially bonuses applied to certain players that give a specific effect to their performance on the court. Each badge is sorted into its own category—shooting, defense, etc.—which corresponds to a specific aspect of gameplay. Below, we've revealed how players can find them and

India-based Stalwart Esports becomes first organization to completely shift to cryptocurrency

Indian esports organization Stalwart Esports has completely shifted from cash to cryptocurrency in their balance sheet, it announced in a press release today. Stalwart said that this has made it the first esports organization to officially adopt cryptocurrency and blockchain technology. All salary payments to employees and players will also be made in cryptocurrency, Zeyan Shafiq, the founder of Stalwart confirmed to Dot Esports. This move comes at a time when the Indian government is reportedly considering a ban on cryptocurrency. Despite this, Shafiq expressed confidence in the org’s decision

Esports Arena Las Vegas owners exploring sale of marquee venue

The group behind one of the biggest esports facilities in the Western United States may be selling off ownership in the arena and exiting esports all together. HyperX Esports Arena Las Vegas owner Allied Esports is exploring options for the future of its company that could include selling off the arena, according to company CEO Claire Wu on an earnings call on Aug. 16.  Allied has hired investment banking firm Lake Street Capital Partners to advise it on the future of the company’s esports business and search the potential acquisition

Nigeria leads mobile app market growth in Africa as use of gaming apps surge 44% from Q1 2020

The pandemic’s effect on the global app market has not been hard to miss. In the first quarter and first half of this year, consumer spending in mobile apps hit new records at $32 billion and $64.9 billion, respectively. In Africa, it can be tough to call out exact numbers on consumer spending because the continent gets hardly a mention in global app market reports. Yet, other metrics are worth looking at, and a new report from AppsFlyer in collaboration with Google has some important insights into how the African app

Cohh Carnage to uphold charity stream goals after ‘massive’ donation turns out to be fake

A “massive” donation to Twitch streamer Cohh Carnage’s charity stream turned out to be fake, he revealed in a video last night. The confirmed contributions to St. Jude Children’s Research Hospital amount to just over $420,000 without the fraudulent transaction, but Cohh will uphold all goals the community achieved. https://www.twitlonger.com/show/n_1sroc23 The false donation took place on Thursday, June 24, as an early contribution ahead of the stream and amounted to approximately $600,000. The person behind the ruse claimed he couldn’t make the donation through Tiltify, Cohh’s fundraising service of choice.