Binance is also looking at acquiring the Genesis Trading loan book, which may come off as a major relief to the company’s parent firm, Digital Currency Group (DCG).
Temasek clarified that its investment in FTX does not imply it has direct exposure to cryptocurrencies.
In the case of FTX, the tug-of-war between the US and Bahamian regulators may elongate all bankruptcy proceedings.
According to Elon Musk, the work he does at Twitter and his other companies does not perfectly match the role of a CEO.
Nvidia said its gaming sales for the fiscal Q3 were $1.6 billion, over analysts’ expectations of $1.4 billion.
Binance CEO Changpeng Zhao – CZ – has, however, vehemently denied taking part in the FTX collapse, citing that his exchange is a victim of the situation.
Matter Labs said that 150 projects have showed the intent to integrate zkSync technology as part of scaling the Ethereum mainnet.
The internet company has faced several challenges this year. One of them was the ban introduced on its prominent Free Fire game in India in early 2022.
The United Kingdom is currently in one of the most troubling recessions on record as the Bank of England has continued to exert monetary policies to control inflation.
Coinbase chief executive Brian Armstrong recently sold over $1.6 million in shares, according to an SEC filing.
A lower October PPI suggested that inflation is abating and has triggered a rise in the S&P 500, other leading averages, and retail stocks.
Amid Silvergate Bank’s exposure to FTX, Goldman Sachs has cut down the price target and is expecting greater deposit outflows.
Sources familiar with the matter said that BlockFi is struggling to continue operations amid FTX’s collapse and has also planned layoffs very soon.
According to the IPO prospectus, BYD Ltd’s semiconductor unit was anticipated to raise approximately $281 million to fund various projects.
Futures tied to the Dow Jones and other leading indexes climbed significantly after reports suggested that inflation may be slowing.