Gary Wang Says His Friend SBF Lied in Tweet: ‘FTX Was Not Fine’
A few days before FTX filed for bankruptcy, Sam Bankman-Fried sent out a tweet reassuring customers and investors that the cryptocurrency exchange and its assets were in good shape.
Bloomberg Tech
Google Rejects Trudeau’s Olive Branch, Threatens News Link Block Over New Law
Alphabet Inc.’s Google moved closer to blocking Canadians from viewing news links on its search engine, after it rejected government regulations meant to placate its concerns about an impending online content law.
G-7 Plans to Ask AI Companies to Agree to Watermarks, Audits
The Group of Seven nations are preparing to ask tech companies to agree to a set of rules to mitigate the risks of artificial intelligence systems as part of a proposal aimed at uniting the divided approaches in Europe and the US.
FTX Latest: Caroline Ellison to Testify Next Week After Wang
FTX co-founder Gary Wang is on the stand Friday in the trial of Sam Bankman-Fried, the cryptocurrency exchange’s other co-founder. Wang, Bankman-Fried’s MIT roommate, is the first of three star witnesses testifying for the government.
Bitcoin Recoups Gains While Rate Debate Rages In Mainstream Markets
Bitcoin shook off early losses in the wake of a stronger-than-forecast US employment report that has sparked expectations of higher rates and volatile price swings in mainstream markets.
UAE’s ADIA to Buy Stake in Ambani’s Retail Unit for $597 Million
Abu Dhabi Investment Authority agreed to buy an additional stake in Indian billionaire Mukesh Ambani’s rapidly expanding retail unit for 49.7 billion rupees ($597 million).
Bored Ape NFTs Creator Yuga Labs Joins In on Crypto Sector Layoffs
Yuga Labs, the crypto company behind the popular Bored Ape Yacht Club and CryptoPunks nonfungible token collections, said it is laying off some staff across its business as part of an internal restructuring.
FTX Latest: Gary Wang Back on Witness Stand Against SBF
FTX co-founder Gary Wang is on the stand today in the trial of Sam Bankman-Fried, the cryptocurrency exchange’s other co-founder. Wang, Bankman-Fried’s MIT roommate, is the first of three star witnesses testifying for the government.
Metro Bank’s Hectic Week Came After Months of Slow-Burn Concern
Long before this week, executives inside Metro Bank Holdings Plc were fixated on an impending cliff edge for the challenger bank’s funding.
CME Head Duffy Warns New Taxes Threaten Chicago’s Recovery
Few businesses have Chicago roots as deep as the CME Group Inc. — the company has been based in the city for more than a century and its very name derives from the location (the letters refer to the company’s Chicago Mercantile Exchange business).