Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s …
Top Stories This Week Binance founder CZ must stay in US until sentencing, judge orders Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February, with a federal judge determining there’s too much of a flight risk if the former crypto exchange CEO is allowed to …
According to a source familiar with the matter, the US Securities and Exchange Commission (SEC) has expressed concerns regarding recent applications for spot bitcoin exchange-traded funds (ETFs) submitted by asset managers. The applications were filed by Nasdaq and Cboe Global Markets on behalf of major firms including BlackRock and Fidelity. The SEC deemed the applications …
According to a report released by FTX on Monday, certain banks that collaborated with Alameda Research, the trading firm founded by Sam Bankman-Fried, raised concerns about the firm’s wire activity as early as 2020. The report revealed that some banks started rejecting wires to or from Alameda when the cryptocurrency exchange was struggling to access …
Cryptocurrency investors have become more cautious about choosing their business partners due to the collapse of various platforms and concerns about regulatory crackdowns. These bankruptcies have trapped customer assets worth approximately $34 billion, prompting institutional investors to seek exchanges with stronger asset protection and implement new risk management measures. Altana Wealth’s Samed Bouaynaya states that …