By Angus Berwick New York (Reuters) – At least $1 billion in client funds have disappeared from collapsed crypto exchange FTX, according to two people familiar with the matter. Exchange founder Sam Bankman-Fried secretly transferred $10 billion in client funds from FTX to Bankman-Fried’s trading firm Alameda Research, the people told Reuters. Much of that …
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a US congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange over legal loopholes to gain a regulatory monopoly. SEC Chairman Gensler on the loss of FTX …
London CNN Business — The Staggering Fall of FTX Exchange, One of the Biggest and Most Reputable Players in the Digital Asset Market, Raises Alarm among people who own cryptocurrencies as investors run for cover. There are still many unanswered questions. But two big issues loom: how far will the damage extend? And can the …
What’s Next For Crypto As FTX Collapse Triggers ‘Lehman Moment’? | CNN Business Read More »
Brody Longo trains on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michel Loccisano | Getty Images The fitness industry appears to be heading for a strong holiday season, but not everyone will see a boost. The category has been on a roller coaster for more than two years, with the …
Gyms and home fitness battle for notoriety this holiday season Read More »
Comment this story Comment Twitter has paused allowing people to sign up for its paid subscription feature which grants blue ticks amid a flood of fake accounts, just days after launching the controversial feature. A memo to Twitter employees sent Thursday evening says it’s decided to temporarily disable signups for Twitter Blue, its new $7.99 …
Elon Musk’s first big Twitter product was put on hiatus after fake accounts spread Read More »
Entrepreneurs end up selling stocks, and Tesla CEO Elon Musk is no different. But he still firmly controls the company he founded. X Even after the sale You’re here (TSLA) seven times this year, including his latest sale of 19.5 million shares, Musk still owns 445.6 million shares, according to S&P Global Market Intelligence. That …
Here’s Who Owns Tesla Now That Elon Musk Is Selling Out Read More »
Image: AI art created by DALL-E Twitter has reintroduced the “official” gray verification badge for high profile accounts like brands and celebrities, according to the Twitter support Account. The official badge was first introduced on Wednesday, only to see new CEO Elon Musk get rid of the badge on same day. But on Thursday evening, …
Twitter is bringing back an “official” verified badge for some reason Read More »
Dow Jones futures were little changed overnight, as were S&P 500 and Nasdaq futures. X The stock market rally surged on Thursday after a colder-than-expected CPI inflation report as the Dow Jones gained 1,198 points. Both headline and underlying price increases were lower than expected, strengthening the case for a slowdown in Fed rate hikes. …
Futures: Why the rally has room to run after taming the CPI Read More »
