BlackRock to Cut 600 Jobs As Company Reallocates Resources to Technology and ETFs

BlackRock, the world’s largest asset manager, has revealed plans to cut approximately 3% of its current workforce, translating to around 600 jobs.  The decision comes as part of the company’s strategic realignment, with no specific team targeted for the cuts. The cuts were attributed to the need to adapt to a rapidly changing environment, according […]

MEP Moves to Remove Hungary’s Ability to Vote in the EU Council

Hungarian Prime Minister Viktor Orbán is facing renewed pressure from Members of the European Parliament (MEPs) seeking to thwart his upcoming EU presidency.  Finnish MEP Petri Sarvamaa, representing the center-right EPP group, initiated the move by proposing the removal of Orbán’s voting rights in the EU Council, citing a “serious and persistent breach of EU […]

SEC Reportedly Approved Spot Bitcoin ETF But Access To Document Is Broken

It’s been a rollercoaster of a ride for bitcoin supporters this past week as they await on the US Securities and Exchange Commission’s (SEC) approval on the Spot Bitcoin Exchange-Traded Funds (ETFs). Reportedly, the agency has already approved the spot bitcoin ETF listing; however, access to SEC document declaring the decision is broken as of […]

So Was SEC’s Bitcoin ETF Tweet Fake Or Not?

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), took to X (fka Twitter) to address a purported hack of the SEC’s official account. The incident unfolded after a tweet claimed that the SEC had granted approval for the listing of Bitcoin exchange-traded funds (ETFs) on all registered national securities exchanges. Gensler […]

DeFi Technologies Announces Auditor Change Amidst Regulatory Scrutiny

DeFi Technologies Inc. (NEO: DEFI) revealed a significant shift in its auditing landscape. The company has officially transitioned from BF Borgers CPA PC to HDCPA Professional Corporation to provide auditing services for its financials. However, the announcement made on Monday pertained to the change that was already made effective three weeks ago. The decision to […]