A day after announcing a non-binding agreement to buy FTX, Binance CEO Changpeng Zhao tried to assure employees that he didn’t plan for these events to unfold.Story Published at: November 09, 2022 at 08:24PM
Binance CEO says he didn’t ‘master plan’ FTX collapse
Bitcoin tumbles to its lowest in nearly 2 years; Solana drops another 40%
The token tied to the Solana project, of which Sam Bankman-Fried’s Alameda Research was a big and early backer, has fallen more than 50% in two days.Story Published at: November 09, 2022 at 06:50PM
Elon Musk took over a struggling business with Twitter and has quickly made it worse
Elon Musk has a lot of work to do to regain the trust of advertisers, but he seems more inclined to push them further away.Story Published at: November 09, 2022 at 05:35PM
Binance’s rescue of FTX shows no crypto company is ‘too big to fail,’ experts say
Despite FTX being the fourth-biggest crypto exchange, the company wasn’t immune from the downturn in digital assets.Story Published at: November 09, 2022 at 03:46PM
Lionel Messi takes stake in NFT fantasy soccer game Sorare
Paris Saint-Germain forward Lionel Messi is joining the French NFT trading card game Sorare as an investor and brand ambassador.Story Published at: November 09, 2022 at 12:00PM
Europe shows a united front against Biden’s Inflation Reduction Act, says it threatens industry
There is a political consensus among EU finance ministers that Biden’s inflation reduction act could harm European companies.Story Published at: November 09, 2022 at 11:01AM
UK’s first large-scale lithium refinery chooses location as race for ‘white gold’ intensifies
Construction of the project is expected to last three years, with commissioning slated for 2025. Story Published at: November 09, 2022 at 06:28AM
World leaders insist Russia’s war in Ukraine must be a reason to act even faster on climate
World leaders took to the stage on the opening days of the COP27 to insist Russia’s onslaught in Ukraine must not derail urgent climate action. Story Published at: November 09, 2022 at 06:26AM
Democrat John Fetterman defeats Trump-backed GOP rival Dr. Mehmet Oz in pivotal Pennsylvania Senate race, NBC News projects
Fetterman will beat Oz, Trump’s pick in the race to succeed retiring Sen. Pat Toomey, moving a Republican-held Senate seat into Democratic hands.Story Published at: November 09, 2022 at 06:00AM
Indonesia’s economy saw robust growth in the third quarter, but this could be ‘as good as it gets’
Indonesia’s economy grew at the fastest clip in more than a year for the third quarter, but this “might be as good as it gets” as headwinds await, economists said. Story Published at: November 09, 2022 at 04:53AM