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(Reuters) – Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping off a tumultuous week for the industry. Following are some facts about the co-founder and former CEO: EDUCATION AND VENTURES BEFORE FTX Born in 1992, …

Factbox-Sam Bankman-Fried: The crypto mogul whose empire came crashing down Read More »

By Carolina Mandl and Saqib Iqbal Ahmed (Reuters) – Softer-than-expected U.S. inflation is bolstering the case for cash-heavy investors to step off the sidelines and plunge into risky assets, though many remain skeptical on how far stocks can run without further evidence that consumer price pressure will keep declining. Thursday’s massive rally in the S&P …

Analysis-Hopes of easing inflation beckon cash-rich investors into U.S. stocks Read More »

By Mike Scarcella (Reuters) – A state court in Washington on Thursday said it will extend a temporary block that has prevented Albertsons Companies Inc from paying a $4 billion dividend to its shareholders before the grocery chain closes its proposed deal with rival Kroger Co. Judge Ken Schubert of King County Superior Court set …

Albertsons $4 billion dividend kept on hold by Washington court Read More »

(Reuters) – U.S. cryptocurrency broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX, the company said Thursday in a Twitter post. Gensesis said its operating capital and net positions in FTX “are not material to our business” and that it has no ongoing relationship with FTX or Alameda …

Crypto broker Genesis discloses locked funds on FTX Read More »

(Reuters) – Justin Sun’s Tron is focused on enabling the withdrawal of its tokens from FTX but is open to talks about other rescue plans for the struggling cryptocurrency exchange, a spokesperson said on Thursday. FTX rescue talks include the possibility of a credit line, the spokesperson said. They added that a deal on Thursday …

Tron says open to talks with FTX on rescue plans Read More »

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Trading volumes in bitcoin futures and exchange traded funds (ETFs) has exploded as investors scrambled to hedge their positions after this week’s slump in digital tokens triggered by turmoil at crypto exchange FTX. CME bitcoin futures November contracts traded at $17,250, with a volume of 13,292 …

Trading in crypto derivatives surges as investors hedge positions after FTX shock Read More »

SINGAPORE (Reuters) – Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter. “Despite SBF having an equity stake in Robinhood, we have no direct exposure to Alameda, FTX, or any of its entities,” he wrote, referring to FTX CEO Sam Bankman-Fried. He said there were elevated trading …

Robinhood has no direct exposure to FTX, says CEO Read More »

(Reuters) – Cryptocurrency exchange Kraken said on Thursday it was not affected by the recent FTX news “in any material way,” and that it had no exposure to FTX Chief Executive Officer Sam Bankman-Fried’s trading firm Alameda Research. “We have not listed the FTT token on our spot or futures exchanges, and Kraken is not …

Crypto exchange Kraken not affected by recent FTX news in ‘any material way’ Read More »