EF: COMPANY-FUTURE-OF-MONEY

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …

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Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Crypto lender BlockFi files for bankruptcy, cites exposure to FTX

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the industry’s latest casualty after the company was hit by the exposure to the dramatic collapse of the FTX …

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Exclusive: China set to fine Ant Group over $1 billion, signaling revamp is closing in on final sources

Exclusive: China set to fine Ant Group over $1 billion, signaling revamp is closing in on final sources

HONG KONG, Nov 22 (Reuters) – Chinese authorities are set to fine Jack Ma’s Ant group more than $1 billion, six sources with direct knowledge of the matter said, paving the way at the end of the fintech’s two-year commitment. regulatory overhaul. The People’s Bank of China (PBOC), which spearheaded Ant’s overhaul after the Chinese …

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Bankman-Fried's FTX EXCLUSIVE Parents Bought Bahamian Property Worth $121 Million

Bankman-Fried’s FTX EXCLUSIVE Parents Bought Bahamian Property Worth $121 Million

FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …

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FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …

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