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Crypto Lender Genesis Files For Chapter 11
Another victim of the fallout from FTX collapse, as crypto lender Genesis files for Chapter 11 bankruptcy protection
Feds Arrest Russian Founder Of Crypto Exchange Bitzlato
Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes
Elon Musk ‘Lied’ With Tesla Privatisation Tweet, Alleges Attorney
Trial begins in San Francisco between Elon Musk and Tesla shareholders over his controversial “privatisation” tweet in 2018
FTX Claims $415m Crypto Was Hacked
FTX has now identified roughly $5.5 billion worth of digital assets for recovery, but said $415m has been hacked
Twitter Auctions Off Office Furniture, Fixtures And Fittings
Surplus to requirements or cost cutting? Elon Musk is selling office furniture, coffee machines, and even statue of famous bird logo
Britishvolt Calls In Administrators, After Months Of Struggle
Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for administration
Bank of England Governor Questions Need For Digital Pound
Not surprising. Crypto critic and Bank of England Governor Andrew Bailey questions need for a digital pound
Tim Cook Agrees To Huge Pay Cut
Apple acts on Tim Cook's recommendation and severely reduces his salary, but the CEO will still take home nearly $50 million
ARM London Listing Sought By PM Rishi Sunak – Report
British government reportedly makes fresh attempt to convince ARM owner Softbank for public listing in London
Elon Musk Breaks World Record For Loss Of Personal Fortune
But will he care?. Largest ever loss of a personal fortune by Elon Musk has been confirmed by Guinness World Records
FTX Recovers $5bn In ‘Liquid’ Assets
Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered
Tesla Seeks $776m Expansion Of Texas Gigafactory
After China factory issues, application is filed to expand Tesla gigafactory in Texas, costing hundreds of millions of dollars
UK Mulls Cryptocurrency Version Of Sterling
Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere
US Bank Silvergate Covers $8bn In Crypto Withdrawals
US bank Silvergate hit by more than $8 billion in customer crypto withdrawals in late 2022 amidst 'rapid changes' in industry
FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges
Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated for October
Apple Market Value Drops Below $2 Trillion
Share price decline continues in 2023 as Apple's market value slips below $2 trillion, after it was the first to reach $3 trillion milestone
South Korea Looks To Expand Tax Cuts For Chip Firms
South Korean government wants to expand capex tax cuts for chip companies to as high as 25 percent in revision of bill passed only last week
Musk Tells Tesla Staff To Ignore Share Price Decline
After 70 percent decline in Tesla share price, Elon Musk tells employees not to be “bothered by stock market craziness”
Cyber-Attacks Set To Become ‘Uninsurable’, Warns Insurance Boss
Chief executive of Zurich Insurance warns that cyber-attacks, rather than natural disasters, will quickly become “uninsurable”
FTX Customer Lawsuit Seeks Recovery Of Digital Assets
Class action lawsuit filed by FTX customers against failed crypto exchange and its arrested former CEO Sam Bankman-Fried
Infineon CEO Eyes Acquisition Targets – Report
Head of Infineon says German chip maker is ready to spend billions of euros on acquisitions, in a number of specialist fields
FTX’s Sam Bankman-Fried Released On $250m Bail, To His Parents
Sam Bankman-Fried has been freed on $250m, but must remain under strict supervision at parents’ California home
Gamers Sue Microsoft To Halt Activision Purchase
Software giant Microsoft faces fresh legal action in US courts to halt its $69bn acquisition of Activision Blizzard
Two Bankman-Fried Associates Plead Guilty To Fraud
FTX founder Sam Bankman-Fried arrives in America and is expected in court, as two former associates plead guilty to fraud charges
Hundreds Of Former Twitter Staff File Complaints
Twitter this week is being accused by 100 former staff members of a variety of legal violations including targeting women for layoffs
EU Begins ‘In-Depth Investigation’ Into $61bn Broadcom-VMware Buy
European Commission follows the UK's CMA and opens “an in-depth investigation” into Broadcom’s acquisition of VMware
Bitcoin Miner Core Scientific Files For Chapter 11
One of the largest publicly traded crypto mining companies in the US, Core Scientific, is filing for Chapter 11 bankruptcy protection
Elon Musk To Quit As Twitter CEO, Seeks ‘Foolish Enough’ Replacement
Search for new CEO of Twitter begins, but Elon Musk confirms he will remain in charge of software and server teams
Binance Founder Reassures After $1 Billion Withdrawn In A Day
Founder Changpeng Zhao admits “stress test” after more than a billion dollars is pulled out of Binance in a single day