Bloomberg Business

FTX’s Alameda Sues Grayscale Over Fees, Redemptions From Crypto Trusts

Alameda Research, the trading arm of the bankrupt digital-asset exchange FTX, filed a lawsuit against Grayscale Investments alleging “exorbitant management fees” and accusing Grayscale of “improperly preventing redemptions” from the Bitcoin and Ether trusts it manages.

‘Work to Do’ on ChatGPT, Banking Tech, Says BofA’s Moynihan

Wall Street has “some work to do” before using popular technology such as ChatGPT, Bank of America Corp. Chief Executive Officer Brian Moynihan warned, saying that inaccuracy and lack of data-based responses make the popular text-generator a challenge.

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