Patricia Kowsmann
@kowsmann
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Senior Reporter at The Wall Street Journal @WSJ; previously in Frankfurt, Lisbon, London, DC. Born and raised in 🇧🇷 [email protected]
Singapore
Joined February 2012
RT @dgtokar: There's a new front in America's war on drugs. Chinese money brokers are teaming up with Mexican cartels to grease the wheels….
wsj.com
Chinese money brokers are teaming up with Mexican cartels, greasing the wheels of the fentanyl trade, U.S. officials say.
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RT @mccabe_caitlin: Betting on European lenders hasn't worked out well for hedge funds and other big investors—until recently. Now, a small….
wsj.com
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.
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RT @alexfrangos: The dangerous business of crypto in Africa. via @kowsmann @ceostroff @alexandrawexler.
wsj.com
Nigeria detained two senior Binance employees and accused the crypto exchange of undermining the nation’s plunging currency.
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RT @jennystrasburg: After scandal upon scandal, Christian Sewing pulled Deutsche Bank to firmer ground. But investors aren't fully buying….
wsj.com
Christian Sewing pulled Deutsche Bank to firmer ground, but investors have yet to fully buy into the comeback story.
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RT @margotpatrick: Christian Sewing pulled Deutsche Bank to firmer ground, but investors have yet to fully buy into the comeback story http….
wsj.com
Christian Sewing pulled Deutsche Bank to firmer ground, but investors have yet to fully buy into the comeback story.
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RT @WSJ: Binance’s guilty plea was a massive twist in the life of Changpeng Zhao, a crypto-industry figurehead who launched the online exch….
wsj.com
The plea deal was a massive twist in the life of the industry’s most influential figurehead, Changpeng Zhao, who launched the online exchange in 2017 and developed it into a money-spinning trading...
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This Portuguese government had its fair share of drama and scandals. This time, though, it was fatal.
PORTUGAL'S PM COSTA SAYS HE OFFERED HIS RESIGNATION TO PRESIDENT AFTER MINISTER NAMED SUSPECT IN CORRUPTION PROBE.
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RT @ceostroff: Key risk and legal executives are leaving at the same time the crypto exchange is under intense pres….
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NEW: Binance is reevaluating its Russian business, including the possibility of a full withdrawal. w/ @AABerwick
wsj.com
Binance, the world’s largest cryptocurrency exchange, is reevaluating its Russian business, including the possibility of a full withdrawal from a once-important market that has turned into a headac...
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RT @ceostroff: Binance was supposed to leave China behind when the country made cryptocurrency trading illegal in 2021. Yet its users trade….
wsj.com
Retaining its Chinese footprint will be crucial for Binance as it navigates a global regulatory crackdown that executives worry threatens its future.
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RT @aosipovich: Sources say BaFin, the German regulator, believed Binance founder Changpeng Zhao wouldn’t pass a “fit and proper” test, whi….
wsj.com
BaFin, the regulator, advised the crypto exchange to withdraw its license application over concerns about its founder and structure.
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One of the SEC's allegations against last month was of wash trading, a practice outlawed for stocks and bonds nearly a century ago. In crypto, it's alive and well, according to a study. w/ @ceostroff.
wsj.com
Regulators and academics say some digital asset exchanges inflate trading volumes.
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RT @ceostroff: Binance slashed its employee benefits last month in the wake of falling profit, a sign of the financial strain hitting the c….
wsj.com
The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items.
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RT @ceostroff: Over 1,000 Binance employees have been fired in recent weeks, according to a person familiar with the moves. The exercise, w….
wsj.com
The crypto exchange is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and abroad.
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RT @JennaTelesca: Binance has lost executives and laid off staffers in recent weeks as the pressure from federal investigations builds http….
wsj.com
The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.
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RT @aosipovich: CZ "has resisted giving up control of the company or stepping aside, though many inside the firm believe his staying could….
wsj.com
The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.
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RT @ceostroff: In reporting this story, RNS deleted some tweets and removed some language from its website. Don't worry, we saved those s….
wsj.com
The Wall Street Journal reported Friday about a loophole for crypto traders to access platforms banned in their home countries: a $248 "digital residency" in the tiny Pacific isla
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The program advertised on Twitter months ago that CZ was a Palau digital resident. CZ said on Monday that he didn’t have Palau residency after the Journal asked about it, and RNS deleted the tweet.
wsj.com
Advertising for a program run by the Pacific island nation of Palau suggests a residency could circumvent bans on services such as Binance.
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The tiny Pacific island nation of Palau, best known for its diving spots, has launched a “digital residency.” The program has caught the attention of crypto traders searching for side doors to access banned platforms, like Binance. w/ @ceostroff.
wsj.com
Advertising for a program run by the Pacific island nation of Palau suggests a residency could circumvent bans on services such as Binance.
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RT @JennaTelesca: Binance Emergency Fund Dwindles as SEC Takes Aim at the Crypto Exchange by @ceostroff & @kowsmann.
wsj.com
The fund’s value is down 11% in June after the regulator sued Binance, alleging the operation of an illegal trading platform and misuse of customers’ money.
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