Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s
US News By Richard Pollina Published March 21, 2024, 6:50 a.m. ET A co-founder of a failed cryptocurrency hedge fund who lost $3.5 billion in investor cash grinned as he showed no remorse for losing the funds — as he remains on the run in an unknown location. Kyle Davies, the co-founder of the bankrupted
Lydia Moynihan Tech By Lydia Moynihan Published March 19, 2024, 5:15 a.m. ET Pubkey’s owner Thomas Pacchia sees a revitalization of Bitcoin in NYC. Stefano Giovannini “We are so back,” crowed Bitcoin investor Aubrey Strobel. It was a celebratory “told-you-so” moment last week for Strobel and her ilk, as Bitcoin blew past $70,000 for the
Convicted FTX fraudster Sam Bankman-Fried has been doling out crypto investment tips to jail guards at the notorious Brooklyn federal facility while he awaits sentencing, according to a report. The disgraced crypto whiz kid — who faces more than 100 years in prison after being found guilty of fraud and money laundering last year —
Sam Bankman-Fried, 31, is currently awaiting his sentence inside New York’s Metropolitan Detention Center after being convicted of stealing from his FTX customers The former crypto boss has brought in his parents, former FTX colleagues, law professors and Trump’s former lawyer in an effort to avoid a 110-year sentence The former billionaire will first seek a
Tyler and Cameron Winklevoss have donated $4.9 million to the political action committee Fairshake, according to new filings with the U.S. Federal Election Committee. It’s just the latest windfall for Fairshake, which is spending millions to run attack ads against Katie Porter, a Democrat who’s running for Diane Feinstein’s old U.S. Senate seat in California.
The crypto market continues to evolve rapidly getty As the fervor around the approval and launch of 11 spot bitcoin ETFs settles down, and the bevy of legal actions that the SEC is embroiled in continue to drag along, analysts and investors alike have had plenty to digest since 2024 got underway. In addition to
Cryptocurrency cleaned up its act this week as spot Bitcoin ETFs made their Wall Street debut in January. The digital tokens are looking almost unrecognizable from what the industry represented just a few years ago, leading to the question, is Bitcoin still crypto? Why Should Crypto Currencies be Called Securities? | Gizmodo Interview The “decentralized”
Eleven spot bitcoin ETFs – including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF, among others – began trading on Thursday, following the US Securities and Exchange Commission’s landmark approval that is expected to help bring the cryptocurrency industry closer to the more regulated world of traditional finance. Blackrock representatives ring
While 2023 might be remembered for the sheer number of crypto bankruptcy cases, the biggest one that’s seen FTX creditors seek to recover over $8 billion could go on for years due to the sheer number of people and companies fighting over what’s left. Alan R. Rosenberg, a partner at Markowitz Ringel Trusty & Hartog,