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FTX’s $1B Stake In AI Startup Attracts Interest From Global Investors
FTX’s stake in the artificial Intelligence startup Anthropic is attracting attention from sovereign wealth funds and other investors. However, the lucrative business…
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American Express Faces Class-Action Lawsuit for Allegedly Overcharging Merchants
Merchants have sued American Express, accusing the company of charging excessive fees. The lawsuit claims that American Express’ policies limit competition and…
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Binance Faces Legal Battle As Appeals Court Revives Class Action Lawsuit
An appeals court decision has reignited the legal battle between investors and Binance. The ruling overturns a previous dismissal of a class…
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Nationwide Shakes Up British Banking Sector With £2.9B Virgin Money Takeover Bid
Nationwide is planning to acquire Virgin Money for 2.9 billion pounds, potentially marking the end of an era for Richard Branson’s brainchild.…
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UK Empowers Authorities To Seize Crypto Assets In New Law
The landscape of cryptocurrency regulation is facing a significant shift in the United Kingdom as law enforcement agencies prepare to impose restrictions…
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Bitcoin ETFs Hit Mainstream: BofA’s Merrill, Wells Fargo Now Offer Spot Trading
Bank of America’s Merrill Lynch and Wells Fargo have introduced spot Bitcoin exchange-traded funds (ETFs) to eligible wealth management clients, according to…
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FTX Settles European Expansion Dispute For $33M
Bankrupt crypto exchange FTX has settled a lawsuit involving its failed European expansion, agreeing to pay $33 million instead of the initially…
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Binance’s $4.3 Billion Plea Deal Approved amid Bid to Amend Zhao’s Bond
A US judge has accepted Binance’s guilty plea and the staggering $4.3 billion penalty for violating federal anti-money laundering and sanctions laws.…
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FTX’s Creditors File Lawsuit Against Sullivan & Cromwell Amid Bankruptcy Proceedings
The embattled cryptocurrency exchange FTX has launched a legal action against law firm Sullivan & Cromwell (S&C) over allegations of fraud involvement.…
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Morgan Stanley Faces $1.6 Million Fine over Regulatory Compliance Lapses
Morgan Stanley recently found itself in the regulatory crosshairs as the US Financial Industry Regulatory Authority imposed a $1.6 million fine on…