UK charity backed by Bankman-Fried raises alarm to UK regulators

UK charity backed by Bankman-Fried raises alarm to UK regulators

A charity backed by Sam Bankman-Fried and his failed cryptocurrency exchange, FTX, has raised alarms with UK regulators raising questions about the viability of the non-profits it has funded. The Charity Commission for England and Wales, a British agency that regulates non-profits, said one of the charities had filed a “major accident report” linked to … Read more

Salesforce Earnings (CRM) Q3 2023

Salesforce Earnings (CRM) Q3 2023

Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of Salesforce Tower, the tallest building in San Francisco, California on Tuesday, May 22, 2018. Carlo Mondon | Bay Area News Group | Getty Images Salesforce Wednesday reported earnings and revenue that beat analyst expectations. He also announced that co-CEO Bret Taylor will step … Read more

Apple buys more Twitter ads despite Elon Musk claims: report

Apple buys more Twitter ads despite Elon Musk claims: report

Photo: XanderSt (Shutterstock) Monday, Elon Musk chose a public fight with Apple, accusing the company of blocking its Twitter ad and wondering aloud if the alleged pause was because “in America they hate free speech.” In fact, Apple spent $84,615 on Twitter advertising the same day, according to data from Pathmatics, a digital ad analytics … Read more

Secret Service accuses 21 people of crypto money laundering

Secret Service accuses 21 people of crypto money laundering

A member of the U.S. Secret Service talks on a cell phone as U.S. President-elect Donald Trump attends meetings at the U.S. Capitol in Washington, DC November 10, 2016. Saul Loeb | AFP | Getty Images The U.S. Attorney’s office for the Eastern District of Texas announced Wednesday that it has charged 21 individuals in … Read more

Cryptocurrency exchange Kraken lays off 1,100 employees

Cryptocurrency exchange Kraken lays off 1,100 employees

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Kraken, one of the largest cryptocurrency exchanges in the world, is laying off about 30% of its headcount, or 1,100 people, “to adjust to current market conditions,” co-founder … Read more

Cryptocurrency exchange Kraken lays off 1,100 employees

Cryptocurrency exchange Kraken lays off 1,100 employees

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Kraken, one of the largest cryptocurrency exchanges in the world, is laying off about 30% of its headcount, or 1,100 people, “to adjust to current market conditions,” co-founder … Read more

European Central Bank says bitcoin is on ‘path of irrelevance’

European Central Bank says bitcoin is on 'path of irrelevance'

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has given a strong criticism to bitcoins on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blog post titled “Bitcoin’s last stand,” ECB director general Ulrich Bindseil … Read more

The collapse of cryptocurrencies could leave ad-supported companies with a budget hole

The collapse of cryptocurrencies could leave ad-supported companies with a budget hole

Sergino Dest of USA and Milad Mohammadi of Iran battle for the ball during the FIFA World Cup Qatar 2022 Group B match between IR Iran and USA at Al Thumama Stadium on November 29, 2022 in Doha, Qatar. Matthew Ciambelli | Defodi Images | Getty Images There were Super Bowl commercials, arena endorsements, and … Read more

FTX leak is ‘disappointing and being taken seriously’ – Singapore DPM

FTX leak is 'disappointing and being taken seriously' - Singapore DPM

Singapore Finance Minister Lawrence Wong speaks during the Bloomberg New Economy Forum in Singapore on Thursday, November 17, 2022. Bryan van der Beek | Bloomberg | Getty Images What happened with FTX therefore not only caused Temasek financial losses, but also reputational damage. Lorenzo Wong Deputy Prime Minister, Singapore FTX has more than 100,000 creditors … Read more