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Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.
Persons: , Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock files to launch spot bitcoin ETF, and Binance to exit the Netherlands: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Gustavo Schwenkler of Santa Clara University's Leavey School of Business discusses BlackRock's proposal for a spot bitcoin ETF.
Persons: explainers, Gustavo Schwenkler, Santa Clara University's Organizations: BlackRock, CNBC Crypto, CNBC, Santa Clara University's Leavey School of Business Locations: Netherlands, Santa Clara
SpaceX has hired a young prodigy to join its Starlink division as a software engineer. The latest recruit at SpaceX is a software engineer who passed its "technically challenging" and "fun" interview process. He's planning to make the move from Pleasanton, California with his mother to start work at SpaceX in Redmond, Washington, per the report. "I felt like I was learning at the level that I was meant to learn," he told the LA Times. Starlink is SpaceX's satellite internet service and started operating in January in Nigeria – its first African market.
Persons: Santa Clara University's, he'd, BrainGain, Quazi, Starlink Organizations: SpaceX, Santa Clara University, Morning, Santa Clara, Seattle Times, Los Angeles Times, LA Times, Intel Labs, ABC7, Nigeria – Locations: California, Santa, Pleasanton , California, Redmond , Washington, Nigeria
Stripping people from their livelihoods is the most consequential action a company can take — and an inherently painful one, at that. While there might not be a good way to let employees go, there are a lot of bad ways to do it. Some, such as Google, have conducted layoffs by email. But the harshness of recent layoffs suggests that any managerial empathy workers gained during the depths of the pandemic was short-lived. That's why it's understandable that workers are angry about the way layoffs have been handled, Taylor added.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's longterm profitability remains solid , says Santa Clara University's Jo-Ellen PoznerJo-Ellen Pozner, management professor at Santa Clara University Leavey School of Business, joins 'Power Lunch' to discuss Tesla's price cuts, pressure for Tesla to boost deliveries, and Tesla's vulnerability to Musk's behavior as CEO.
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