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FTX wanted to let investors borrow to trade derivatives: CFTC head

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Sam Bankman-Fried, co-founder of bankrupt crypto firm FTX, spent almost a year trying to convince regulators to let him introduce a derivatives product …

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Elon Musk’s blue check is completely flawed

BRUSSELS — Elon Musk’s idea for a subscription model to pay for Twitter’s sought-after blue check is “completely flawed,” Europe’s competition chief told CNBC Wednesday. “If you have imposter accounts, of course, I think your business model is fundamentally flawed,” Margrethe Vestager, executive vice president of the European Commission, told …

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Microsoft brings Minesweeper, Solitaire and Wordament to Teams

Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Next time you’re bored on a Microsoft Teams call, try joining your colleagues in a game of Minesweeper. Microsoft …

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Sea Ltd stock jumps 41% following renewed focus on profitability

The Sea Limited logo is displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of Sea Limited jumped as much as 41% following Tuesday’s announcement of its third-quarter financial results, after the company said it will renew its focus on profitability instead of …

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Robotics supply chain company Attabotics raises $71 million

Attabotics’ all-in-one automated fulfillment system is condensed into a single vertical structure, using robotic shuttles to pick goods and then deliver to workers. Attabotics, a 3-D robotics supply chain company, has raised $71.7 million in new funding to continue its push into automatizing warehouses. The Series C round, led by …

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Microsoft will update sexual harassment policy after ArentFox report

Microsoft CEO Satya Nadella gestures during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | AFP | Getty Images Microsoft on Tuesday said it would update sexual harassment and gender discrimination policies after a third-party report showed shortcomings in how the …

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Crypto.com customers worry it could follow FTX, CEO reassures them

The logo of Crypto.com is seen at a stand during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022. Marco Bello | Reuters As the crypto universe reckons with the fallout of FTX’s rapid collapse last week and tries to figure out where the contagion may head next, …

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FBI is ‘extremely concerned’ about China’s influence through TikTok

FBI Director Christopher Wray looks on as he testifies before a Senate Judiciary Committee hearing entitled “Oversight of the Federal Bureau of Investigation,” on Capitol Hill in Washington, U.S. August 4, 2022.  Jim Bourg | Reuters Federal Bureau of Investigation Director Christopher Wray told lawmakers Tuesday that he is “extremely …

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How to use Mastodon, Twitter alternative

Zoom In IconArrows pointing outwards Lots of people are looking for a Twitter alternative after Elon Musk bought the social media site last month, changed the site’s rules on impersonation, fired half of the site’s staff, and announced plans to sell “blue check” verification badges for $8 per month. One …

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Bezos urges risk reduction in the face of a likely recession

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos once again warned of the challenges of an economic recession, telling consumers and small business owners they should reduce their risk by hanging …

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