Sam Bankman-Fried's Father Retains Attorney - Source
The father of FTX founder Sam Bankman-Fried has retained a New York attorney in recent weeks, a source familiar with the matter told Reuters, as prosecutors probe Bankman-Fried's alleged cryptocurrency fraud scheme.
Crypto Contagion Deepens: Coinbase To Lay Off About 950 Employees
Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year.
Voyager Gets Initial Approval For $1 Billion Binance Deal Amid National Security Concerns
Bankrupt crypto lender Voyager Digital received initial court approval on Tuesday for a proposed $1 billion sale of its assets to Binance.US, and said it will seek to expedite a U.S.
Gemini's Winklevoss Calls For Removal Of DCG Chief Barry Silbert
Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, called for the removal of Digital Currency Group Inc Chief Executive Barry Silbert on Tuesday, amid tensions between the high-profile executives in the wake of the FTX collapse.
Analysis-Bankman-Fried Fraud Charges Sidestep Debate Over How U.S. Law Sees Crypto
Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving digital assets have done.
U.S. House Brawl Over McCarthy Raises Worries About Republican Governance
The bare-knuckle political fight among Republicans over Kevin McCarthy's run for speaker of the U.S.
Ex-CFO Pleads Guilty To Stealing From SPACs To Trade Meme Stocks, Cryptocurrencies
A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies.
Banks Should Be More Cautious On Crypto Contagion Risks, U.S. Regulators Warn
Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S.
Google Alleges India Antitrust Body Copied Parts Of EU Order On Android Abuse
Google has told a tribunal in India that the country's antitrust investigators copied parts of a European ruling against the U.S. firm for abusing the market dominance of its Android operating system, arguing the decision be quashed, legal papers show.
Biden Plans White House Event Marking Jan. 6 Attack
President Joe Biden plans to commemorate the second anniversary of the Jan. 6, 2021, attack on the Capitol with a White House ceremony, according to a schedule released by his office.
Crowds View Body Of Former Pope Benedict In St. Peter's
A steady stream of tens of thousands of people filed into St.
Exclusive-Drugmakers To Raise Prices On At Least 350 Drugs In U.S. In January
Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the United States on more than 350 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors.
FTX Could Pay Over $2,100 Per Hour For Bankruptcy Lawyers
Bankrupt crypto exchange FTX has asked a U.S. bankruptcy judge for permission to pay its top restructuring lawyers as much as $2,165 per hour, an unusually high rate for a company that cannot afford to repay all of its debts.
FTX Opposes BlockFi's Claim To Bankman-Fried's Robinhood Shares
Collapsed crypto exchange FTX on Thursday asked a U.S.
Who Were The Key Figures At Sam Bankman-Fried's FTX?
FTX founder and former Chief Executive Sam Bankman-Fried, who faces U.S. fraud charges over the collapse of FTX, ran his crypto empire with a number of associates.
How Did Bankman-Fried Secure $250 Million Bail?
FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents' property with restrictions on his movement.
Pomp And Persuasion As Ukraine's Zelenskiy Addresses U.S. Congress
Ukrainian President Volodymyr Zelenskiy will be greeted with pomp and applause when he enters the U.S.
Cryptocurrencies At Crossroads After Annus Horribilis
To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure.
Insurers Shun FTX-linked Crypto Firms As Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, several market participants said.
Southwest Airlines Customer Service Employees Approve New Labor Deal
Southwest Airlines customer service employees overwhelmingly ratified a new five-year collective bargaining agreement that includes an immediate 13.1% wage increase, the IAM union said on Thursday.
New York Financial Regulator Issues Cryptocurrency Guidance For Banks
The New York State Department of Financial Services (NYDFS) on Thursday issued digital asset guidance to state-regulated banks laying out what information financial institutions must submit before getting approval to engage in virtual currency-related activities.
U.S. Lawmakers Scramble To Regulate Crypto In Wake Of FTX Turmoil
U.S. senators on Wednesday pressed Congress to regulate cryptocurrency under existing financial rules, as lawmakers scramble to rein in the troubled industry after prosecutors filed criminal charges against FTX founder Samuel Bankman-Fried.
Crypto Exchange FTX Fights Bahamas Demand For Data Access
Lawyers for the bankrupt crypto exchange FTX will square off in court on Wednesday to fight a demand for internal records from an insolvent affiliate based in the Bahamas as the two wrestle over scraps of the once high-flying business.
Wall St Set To Surge At Open As CPI Data Calms Rate Hike Jitters
Wall Street's main stock indexes were set to open sharply higher on Tuesday as a smaller-than-expected rise in U.S.
Exclusive-Geely's Premium Electric Car Brand Zeekr Seeks Over $1 Billion In U.S IPO - Sources
Zeekr lodged its filings with U.S. regulators last week and is planning to go public in New York as early as the second quarter of 2023.
Malaria Deaths Dip In 2021 After Rising In First Year Of COVID, Says WHO
Malaria-related deaths fell slightly in 2021 after a significant increase in the first year of COVID-19, but remained higher than the pre-pandemic estimated toll, according to a World Health Organization (WHO) report on Thursday.
Ukraine Faces 'Significant' Power Shortages After Russian Attacks
Ukraine enforced new emergency power cuts on Thursday as it tried to repair energy infrastructure damaged in Russian air strikes which the national grid operator said had caused significant supply shortages.
US House Committee To Hear Testimony On Alleged Supreme Court Leak
A U.S. House of Representatives committee will on Thursday hear the testimony of a former anti-abortion leader who has alleged he was told in advance about the outcome of a major 2014 Supreme Court ruling regarding contraceptives.
Celsius Bankruptcy Judge Orders Return Of Some Crypto Assets To Customers
A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds.
Exclusive: Canada's Biggest Pension Plan, CPPI, Ends Crypto Investment Pursuit - Sources
Canada's biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters.