Sam Bankman-Fried testifies he thought hedge fund could cover $8 billion debt to FTX

NEW YORK (Reuters) -FTX founder Sam Bankman-Fried testified on Monday that he believed his Alameda Research hedge fund had enough assets to cover an $8 billion debt to the cryptocurrency exchange until days before both collapsed.

newspaper

30-10-2023

Google CEO acknowledges importance of being default search engine in US trial

WASHINGTON (Reuters) -Google CEO Sundar Pichai on Monday acknowledged the importance of making its search engine the default in keeping users loyal -- a key point in a once-in-a generation U.S. antitrust fight focused on billions of dollars Google paid to be the default on laptops and smartphones.

newspaper

30-10-2023

Trump should be disqualified from 2024 ballot over Jan. 6 riot, advocates say at trial

Donald Trump should be disqualified from Colorado's ballot in next year's election because he "incited a violent mob" in Washington on Jan. 6, 2021, an advocacy group lawyer argued at the opening of a trial on Monday.

newspaper

30-10-2023

Sam Bankman-Fried grilled by prosecutor about interviews following FTX's collapse

NEW YORK (Reuters) -FTX founder Sam Bankman-Fried was challenged on Monday over interviews following the cryptocurrency exchange's collapse, in which he said he was not involved in his Alameda Research hedge fund's trading.

newspaper

30-10-2023

Google CEO notes importance of being default search engine in US trial

WASHINGTON (Reuters) -Sundar Pichai, CEO of Google, on Monday acknowledged the importance of being the default search engine in keeping users glued to the company's products -- a key point in a once-in-a generation antitrust fight with the U.S. government focused on the billions of dollars Google paid to be the default on laptops and smartphones.

newspaper

30-10-2023

Sam Bankman-Fried testifies he believed FTX was 'fine' until just before collapse

NEW YORK (Reuters) -FTX founder Sam Bankman-Fried testified on Monday that he believed that the cryptocurrency exchange was solvent at the time he tweeted "FTX is fine" just days before it declared bankruptcy in November 2022.

newspaper

30-10-2023

Trump ballot disqualification trial opens in Colorado

(Reuters) -A trial began on Monday in Colorado to determine whether former U.S. President Donald Trump is disqualified from the state's ballot in the 2024 election over his purported role in a deadly attack on the U.S. Capitol aimed at keeping him in office.

newspaper

30-10-2023

Google CEO lashes out at Microsoft in defense of search practices at US trial

WASHINGTON (Reuters) -Sundar Pichai, CEO of Google, criticized Microsoft's browser Monday in a once-in-a generation antitrust fight with the U.S. government while arguing his company's browser and internet search were easy to use and secure.

newspaper

30-10-2023

Sam Bankman-Fried testifies deputy failed to hedge ahead of FTX collapse

FTX founder Sam Bankman-Fried testified on Monday that the collapse of the cryptocurrency exchange was precipitated by the head of his Alameda Research trading firm failing to adequately hedge against a downturn in the market.

newspaper

30-10-2023