Month: August 2022

Stephen Ehrlich, CEO of the bankrupt cryptocurrency exchange Voyager Digitalmade millions of dollars selling Voyager stock in February and March 2021 when the stock was near its peak, nineteen months before the crypto-lending firm filed for bankruptcy in July 2022, financial records show . Ehrlich’s earnings were driven by the stratospheric rise in Voyager’s stock price, which went from seven cents a share in October 2020 to $26 a share in March 2021. In the same period, Bitcoin rose 455% and Ether rose 688%. Like Celsius, the company promised huge returns on the assets users entrusted to them. But as…

WASHINGTON — The U.S. Treasury Department is offering $98 billion of Treasury securities to repay approximately $54.1 billion of privately owned Treasury bonds and notes maturing on August 15, 2022. This issuance will raise new cash from investors private assets of approximately $43.9 billion. The values ​​are: A 3-year note in the amount of $42 billion, due August 15, 2025; A 10-year note in the amount of $35 billion, due August 15, 2032; and a 30-year bond for $21 billion due August 15, 2052. The 3-year note will be performance auctioned at 1:00 PM ET on Tuesday, August 9, 2022….

NEW YORK–(BUSINESS THREAD)–BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the second quarter ended June 30, 2022 and certain updates. The company reported second quarter 2022 GAAP net income attributable to common stockholders of $34.3 million, or $0.26 per share, and distributable earnings and adjusted distributable earnings of $31.4 million, or $0.24 per share. The company reported GAAP net book value of $11.26 per share and unappreciated book value of $12.42 per share as of June 30, 2022. Michael J. Mazzei, CEO, commented, “BrightSpire Capital had another successful quarter, reporting quarterly adjusted…

The Reddit logo is seen on a smartphone in front of a Wall Street Bets logo shown in this Jan. 28, 2021, file photo. Donat Ruvic | Reuters Think the meme stock craze is so 2021? Just check out AMTD Digital. The little-known Hong Kong-based fintech firm saw its shares soar 126% on Tuesday alone after experiencing a series of trading halts. AMTD Digital, a subsidiary of investment holding company AMTD Idea Group, went public in mid-July with the listing of its American depositary receipts on the NYSE. Two weeks later, the shares are up 21,400% to $1,679 each from…

HAMILTON, Bermuda–(BUSINESS THREAD)–Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that Chris Weber has begun his role as Senior Vice President and Chief Financial Officer, having been appointed to this role in end of May Chris Weber previously served as CFO of LUFKIN Industries, the leading global provider of rod lift optimization solutions, products, technologies and services to the oil and gas industry. Mr. Weber has also served as CFO of Abaco Drilling Technologies, Halliburton and Parker Drilling Company, and has also held senior finance positions at Valaris’ predecessor companies, Ensco and Pride International. Chairman and CEO Anton…

Revolut has announced a new push into crypto, with 22 new tokens available to buy and sell on its app, bringing the number it offers to 82. The digital bank, which has 20 million customers, has launched the new investment options to customers in the UK and Europe. New tokens include ApeCoin and Sandbox metaverse assets. Emil Urmanshin, who heads the bank’s crypto operation, described 2022 as “another big year for crypto”, adding that the 22 new tokens represented a “big boost” to the bank’s offering in space It comes as large swathes of the crypto industry continue to suffer…