Indian Crypto Exchange WazirX Moves Funds After Binance Cuts Off Service

Binance disclosed in a blog post earlier Friday that it had asked Zanmai Labs, the owner of WazirX, to remove funds from the accounts that it used for the exchange’s operations, citing “misleading claims related to Binance’s alleged role in and responsibility for operating the WazirX exchange.” Binance said it provided Zanmai wallet services “only … Read more

Nasdaq Rally Gets a Reality Check as Megacaps Miss

The Nasdaq MarketSite in New York, U.S., on Thursday, Feb. 3, 2022. Big technology earnings have prompted some extreme share price moves this season, with Wall Street’s expectations seemingly misaligned with company realities. Photographer: Michael Nagle/Bloomberg

Cyberattack Sends Derivatives Trading Back to the 1980s

Derivatives shops, used to clearing hundreds of billions of dollars in trades every day, found themselves in a dramatically different era this week: the old days of manually processing deals.

Apple Is Dropping Industrial Design Chief Role in Post-Jony Ive Era

Several of the company’s industrial designers left for LoveFrom, a design and consulting firm founded by Ive and Marc Newson, who formerly did work for Apple. Still, a number of veteran designers have remained at Apple, including Molly Anderson, Duncan Kerr, Bart Andre, Richard Howarth, Peter Russell-Clarke and Ben Shaffer.

ECB Hikes By Half-Point And Vows More Before Reassessing

(Bloomberg) — The European Central Bank lifted interest rates by a half-point and pledged another such move before officials then take stock of where borrowing costs must go to tame inflation. Policymakers, as expected, raised the deposit rate to 2.5%, the highest since 2008. They warned that the most aggressive bout of monetary tightening in … Read more

Trump Sues Journalist Bob Woodward for Releasing Interview Recordings

Trump participated in 19 interviews in-person or by phone with Woodward between December 2019 and August 2020, as well as in 2016 when he was still a candidate, according to the complaint. Woodward’s book, , was published a month after the last interview. In October 2022, Simon & Schuster released the audiobook of the recordings, … Read more

Adani Bond Plunge Accelerates As Rebuttal Fails To Stem Concern

Signage of Adani Group in Mumbai, India, on Friday, Jan. 27, 2023. Shares of Adani Group’s companies have lost more than $30 billion in market value in less than two sessions, as a selloff sparked by US short seller Hindenburg Research’s scathing report deepened on Friday. Photographer: Indranil Aditya/Bloomberg