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Stock Markets FTX founder Sam Bankman-Fried borrowed hundreds of millions of dollars from his own trading firm, court documents show. The funds went into Emergent Fidelity Technologies, which was the shell corporation that acquired a 7.6% stake in Robinhood. Later, Alameda took out a loan and pledged those same shares as collateral, CoinDesk said.See the Story
FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares
Coverage: 5 sources
Circle · CircleCircle received in-principle approval for a Major Payments Institution License. Paxos received its license to offer digital payment token services. Singapore is fighting to take back its perception to be one of the more crypto-friendly countries. But it continues to tread with caution for retail investors with Singapore's largest bank DBS only expanding its crypto trading services to accredited investors.See the Story
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
100% Center coverage: 2 sources
Business · New YorkMr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.
See the Story
The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline
75% Left coverage: 4 sources
Mark Zuckerberg · Menlo ParkMeta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday.See the Story
Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
38% Center coverage: 99 sources
AmazonAmazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche. The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers.AWS will support Avalanche's infrastructure and decentralized application (dApp) ecosystem, alongside one-click node deployments.See the Story
Amazon Web Services Taps Avalanche to Help Bring Blockchain Technology to Enterprises, Governments
100% Center coverage: 2 sources
GoogleGoogle Cloud is running a block-producing Solana validator to participate in and validate the network, sending SOL prices soaring by over 11% to tap $36.87 at press time. Google cloud is working with Solana to bring the Blockchain Node Engine next year, enabling anyone to launch a dedicated Solana node in the cloud.See the Story
BREAKING: SOL Price Skyrockets 16% As Google Cloud Announces A New Block Producing Solana Validator To Participate In Network’s Validation Process
Trade Meta announced that Instagram would be adding support for NFTs. Creators will be able to make their own digital collectibles on Instagram and sell them to fans, both on and off Instagram. They'll have an end-to-end toolkit from creation (starting on the Polygon blockchain) to selling.See the Story
Forget social media, Instagram’s about to become an NFT marketplace
CryptocurrencyAs hyperinflation grips Lebanon, the locals have turned towards decentralised mechanisms like cryptocurrencies to sustain their livelihood in the long run. Lebanese citizens have started accepting digital crypto payments, which have now become an integral part of their day-to-day lives. Lebanese...See the Story
