Archegos is the first big scandal to hit the family office sector, a newish industry built to serve the needs of billionaires. The impact will be huge, say insiders, as banks and regulators turn against family offices, and family offices turn in on themselves.
By Ryan Browne, CNBC •
Updated 44 mins ago
Yuriko Nakao | Getty Images News | Getty Images
Dogecoin s price soared as high as 56 cents early Friday, according to Coin Metrics data.
Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions.
Crypto exchange Coinbase said Thursday it would offer dogecoin support in the next six to eight weeks.
Dogecoin soared early Friday after a tweet from supporter
Elon Musk, and as Coinbase said it would list the meme-inspired cryptocurrency.
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The price of dogecoin rose to an intraday high of around 56 cents at 3 a.m. ET, according to data from Coin Metrics. As of 4:30 a.m., dogecoin was up 36% at 52 cents per coin. It s still down about 20% from a record high of nearly 67 cents only a week ago.
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(Bloomberg) Lex Greensill told lawmakers that investors in loans packaged by his firm were aware of the risks and denied being a âfraudsterâ in his first public appearance since Greensill Capital collapsed into insolvency in March.
(Bloomberg) Lex Greensill told lawmakers that investors in loans packaged by his firm were aware of the risks and denied being a âfraudsterâ in his first public appearance since Greensill Capital collapsed into insolvency in March.
The former Morgan Stanley banker, who founded the eponymous firm in 2011, faced questions from the U.K.âs Treasury Select Committee, which is examining what lessons should be learned from the demise of the lender. Greensill told lawmakers that the vast majority of loans it made were backed by real assets, even those tied to sales that hadnât yet occurred.