Collapse

The collapse of ISG will cost the Ministry of Justice (MoJ) an estimated £300m on its new prisons programme, and will have an even bigger impact on fire-safety remediation work. At a hearing before the House of Commons Public Accounts Committee yesterday (27 January), senior civil servants detailed the impact of the main contractor going

There have been many fundamental shifts in the global economy in my lifetime. As an American child of the Reagan Presidency, I recall things like the fall of the Berlin Wall, the first Gulf War, the Oklahoma City Bombing, the Columbine Massacre, the brutal government overreach at Ruby Ridge, and the Branch Davidian complex in

It’s hard to know how this bank mess will shake out for the ad industry. But there are clues of a correction that was a long time coming. What has transpired in the month after the collapse of Silicon Valley Bank has been a protracted reality check of sorts for entrepreneurs and CEOs in advertising.  The

A Silicon Valley Bank bag. An FTX hat. A Fyre Festival hoodie. While buzzy companies have collapsed, their corporate merch is getting a second life on resale marketplaces.Many years ago, it might have been difficult to acquire items from scandal-ridden or recently-dissolved companies. But thanks to the internet, a new type of economy has risen

Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts

Newcastle-based contractor Metnor has entered administration, with 80 staff made redundant. Steven Ross and Allan Kelly of advisory firm FRP were appointed as joint administrators to the company on Tuesday (21 February). Metnor filed a notice of intent to appoint administrators earlier this month, as did its sister firm, M&E specialist Norstead. The company has

The bankruptcy of Sam Bankman-Fried's crypto empire continues to cause waves in the crypto space. The various firms continue to monitor each other to find out who will be the next collateral victims of this disaster after the lender BlockFi went down.All eyes have been on lender Genesis, a subsidiary of crypto juggernaut Digital Currency Group

Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. The post Analyzing the WBTC FUD after the FTX collapse and its depeg appeared first on CryptoSlate...