Record Number of PE-Owned Companies File for Bankruptcy in 2023 Amid Rising Debt and Interest Rates
A record-breaking number of private equity (PE)-owned companies filed for bankruptcy in 2023, reflecting the…
Financial Markets
Southend Airport to be Acquired by US Private-Equity Group Carlyle in Debt Settlement Deal
In the latest foreign takeover of a UK firm, Southend Airport is set to transition…
House Financial Services Committee Advances Resolution to Overturn SEC’s Crypto Custody Rule
The House Financial Services Committee has approved a resolution rejecting the Securities and Exchange Commission’s…
Indonesia’s Crypto Tax Revenue Plummets 62% in 2023 Amid Declining Transaction Volumes
In a turn of events, Indonesia has experienced a substantial 62% decline in its cryptocurrency…
UK Authorities Gain Enhanced Powers to Freeze and Seize Crypto Assets in Crime Crackdown
In a move to combat cryptocurrency-related crime, the United Kingdom government has announced that law…
St. Regis Aspen Revolutionizes Hotel Ownership with Cryptocurrency
In a move that continues to prove the world of possibilities through the tokenization of…
Namibia and Kenya Added to FATF’s “Gray List” Amid Scrutiny Over Anti-Financial Crime Measures
In a significant development, both Namibia and Kenya have been added to the “gray list”…
Private Equity Shifts to Deal-by-Deal Investments Amid Market Downturn
Amid a challenging market environment and a desire to reduce management fees, private equity firms…
Cryptocurrency Graveyard Grows as Over 65% of Projects Deemed ‘Dead’ — AI Tokens Defy Trend with 6.6% Surge
The cryptocurrency market, known for its volatile nature, has witnessed a staggering failure rate, with…
Businesses Turn to Digital Assets for Inflation Hedge, Facing Challenges in Emerging Landscape
As inflation continues to impact businesses, particularly small-to-medium-sized enterprises (SMBs), a growing trend sees companies…