(Reuters) -Twitter Blue will probably “come back end of next week”, billionaire owner Elon Musk said in a tweet on Saturday. Twitter on Friday paused its recently announced $8 blue check subscription service on Friday as fake accounts mushroomed. The coveted blue check mark was previously reserved for verified accounts of politicians, famous personalities, journalists…
NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure…
By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) -FTX was engulfed in more chaos on Saturday when the crypto exchange said it had detected unauthorized access and analysts said hundreds of millions of dollars of assets had been moved from the platform in “suspicious circumstances”. FTX filed for bankruptcy on Friday, one…
By Andrea Shalal WASHINGTON (Reuters) – Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring the need to reduce the debt of poorer countries. The World Bank’s annual report on global debt statistics, due out…
By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on U.S. debt posed a “huge threat” to America’s credit rating and functioning of U.S. financial markets. Yellen told Reuters in an interview in New Delhi…
(Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred $10 billion…
NUSA DUA, Indonesia (Reuters) -Elon Musk will join the G20 summit in Indonesia’s Bali virtually rather than in person, an official from the Indonesian Chamber of Commerce told CNBC Indonesia on Saturday. “He is unable to attend because … there are incidents in the United States and he must be present there,” Arsjad Rasyid, head…
By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and analysts flagged that millions of dollars of assets had been moved from the platform in “suspicious circumstances”. FTX filed for bankruptcy on Friday…
SHANGHAI (Reuters) – Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in…
(Reuters) -Collapsed crypto exchange FTX said on Saturday it had seen “unauthorized transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Blockchain analytics firm Elliptic said that around $473 million worth of cryptoassets were “moved out of FTX wallets in suspicious circumstances early this morning,” but that it…
