The 2022 crypto winter got colder and darker in November when one of the biggest and most prominent crypto exchanges, FTX, imploded. The company, which had bailed out several crypto firms during the T...
Tag: WSJ
SEC increasing scrutiny of crypto ‘proof-of-reserves’: WSJ
The U.S. Securities and Exchange Commission’s acting chief accountant, Paul Munter, warned investors to put little faith in crypto companies’ proof-of-reserves. “We’re warning invest...
Bankman-Fried extradition to U.S. approved: WSJ
Sam Bankman-Fried is headed back to the U.S. to face criminal charges over the collapse of FTX after a judge approved his extradition from the Bahamas, the Wall Street Journal said. Bankmnan-Fri...
Grayscale may offer to buyback GBTC if ETF conversion fails – WSJ
Grayscale Investment CEO Michael Sonnenshein has informed GBTC shareholders that the firm could offer to buy back up to 20% of the outstanding shares worth approximately $10.7 billion, The Wall Stree ...
Grayscale may return some capital to investors if GBTC’s ETF dreams fail: WSJ
Grayscale Investments will explore how to return up to 20% of its Grayscale Bitcoin Trust’s capital to shareholders if it cannot turn the product into an exchange-traded fund. A tender off...
Venture Investors Bid $3 Billion for Phoenix Suns, Mercury: WSJ
(Bloomberg) — Two venture capital investors have made a $3 billion bid to buy the Phoenix Suns and Mercury basketball teams, the Wall Street Journal reported. Most Read from Bloomberg The bid wa...
WSJ Says Binance’s Finances Remain “a Mystery”
Alex Dovbnya Many questions about Binance’s reserves remain unanswered after a recent “audit” report, according to a recent report published by the Wall Street Journal According to a recent report by ...
FT, Bloomberg, NYT and WSJ file suit to make FTX creditors public
The Financial Times, The Wall Street Journal, The New York Times and Bloomberg have filed a suit seeking to unseal who the creditors of the collapsed crypto exchange FTX are. The news organizations wa...
Here’s Alameda’s Investment Portfolio: WSJ Report
The Financial Times (FT) published a document on Tuesday exposing where Alameda’s venture investments went days before the FTX Group filed for bankruptcy. Its hundreds of investments included high-pr...
PepsiCo to lay off ‘hundreds’ in snack and beverage divisions: WSJ
PepsiCo Inc. PEP, -1.38% is laying off “hundreds” of workers at the headquarters of its North American snacks and beverages divisions, The Wall Street Journal reported Monday, citing peopl...
PepsiCo Cutting Hundreds of Jobs in North America: WSJ
PepsiCo is planning to cut hundreds of jobs at its North American snacks and beverages headquarters, according to The Wall Street Journal, citing people familiar with the matter and documents seen by ...
Saudi Crown Prince to Invest in Credit Suisse Unit, WSJ Reports
(Bloomberg) — Saudi Arabia’s Crown Prince Mohammed bin Salman is preparing to invest in Credit Suisse Group AG’s investment bank, the Wall Street Journal reported. Most Read from Bloomberg Princ...
SBF says he ‘can only speculate’ about where wired Alameda funds ended up: WSJ
FTX founder and former CEO Sam Bankman-Fried “can only speculate” about what happened to billions in funds after FTX customers wired them to its sister trading firm Alameda Research, he to...
Tether Hits Back at WSJ, Claims Its Loans Are ‘Overcollateralized’
Tether has stated that its secured loans are heavily collateralized in response to a recent report claiming Tether-led trouble in the sector. The Wall Street Journal notes in its report that Tether ...
Blackstone selling MGM Grand and Mandalay Bay hotel stake to Vici: WSJ
Blackstone Inc. BX, -6.92% is selling a 49.9% stake in MGM Grand Las Vegas and the Mandalay Bay in a $5.5 billion deal with Vici Properties Inc. VICI, -0.28%, the majority owner of the two hotels, the...
Elon Musk and MicroStrategy’s Saylor slam WSJ for ‘giving foot massages’ to SBF
The cryptocurrency world continues to react to the FTX cryptocurrency exchange collapse as questions emerge regarding the role of former CEO Sam Bankman-Fried in the crisis. Indeed, Tesla (NASDAQ: TS...
Sequoia Capital apologizes to investors after $150 million FTX loss: WSJ
Sequoia Capital partners apologized to investors for the $150 million it lost on investments in crypto exchange FTX, the Wall Street Journal reported. In a Tuesday call with investors, Sequoia p...
Binance will not invest in crypto lender Genesis: WSJ
After crypto lending firm Genesis suspended client redemptions and indicated it would seek a $1 billion emergency cash loan, major potential backer Binance said no to the investment, the Wall Street J...
Sam Bankman-Fried Cashed Out $300M in Previous Funding Round: WSJ
Former FTX CEO Sam Bankman-Fried personally received $300 million from a $420 million funding round for the company in October 2021, according to a Wall Street Journal report that cited FTX financial ...
Bankman-Fried cashed out $300 million during FTX fundraise last year: WSJ
FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told in...
Elizabeth Holmes Sentencing: A History of the WSJ Theranos Investigation
By Michael Siconolfi Nov. 18, 2022 5:30 am ET Listen to article (2 minutes) Elizabeth Holmes’s journey from Silicon Valley superstar to felon is slated to culminate Friday during a hearing in which a ...
Confidential Doc Reveals Genesis Sought $1B Emergency Loan From Investors: WSJ
Crypto lending firm – Genesis – reportedly sought an emergency loan of $1 billion from investors before notifying its clients of suspending redemptions this week. According to The Wall Street Journal,...
Genesis sought emergency loan of $1 billion: WSJ
Genesis sought an emergency loan of $1 billion from investors before telling clients it was suspending redemptions in the wake of the collapse of FTX, The Wall Street Journal reported. Genesis s...
Elon Musk will find someone else to run Twitter: WSJ
Billionaire Elon Musk said he will likely find a different executive to run the social media platform he’s owned less than month, according to The Wall Street Journal. “I expect to reduce my ti...
BlockFi preps possible Chapter 11 bankruptcy protection filing: WSJ
Crypto lending firm BlockFi is preparing for a possible Chapter 11 bankruptcy protection filing, according to the Wall Street Journal. The firm also plans to conduct layoffs, the journal reporte...
Sam Bankman-Fried tried to raise fresh cash over the weekend: WSJ
Former FTX CEO Sam Bankman-Fried thinks that he can raise enough cash to make users whole and spent the past weekend with a few remaining employees seeking commitments from investors, the Wall Street ...
SEC Investigating Binance and Coinbase after FTX Implosion: WSJ
According to the The Wall Street Journal, the SEC has opened an inquiry into the FTX platform, in addition to looking into Coinbase Global and Binance. Following its abrupt collapse this week, the Sec...
Binance Likely to Ditch FTX Deal: WSJ Report
Alex Dovbnya Binance has reportedly discovered a huge hole in FTX’s finances, according to a recent report by the Wall Street Journal According to a Wednesday report published by the Wall Street Journ...
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing ...
FTX lent Alameda billions of dollars in customer assets: WSJ
Crypto exchange FTX lent about $10 billion to sister company and trading firm Alameda Research, according to The Wall Street Journal. The report, citing a conversation with CEO Sam Bankman-Fried...
Justice Department joins SEC in FTX probe: WSJ
For collapsed cryptocurrency exchange FTX, legal troubles are mounting. The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are working together to investigate FTX’s...