NRLIN: OTECH

Meta takes on the US antitrust agency over the future of virtual reality

Meta takes on the US antitrust agency over the future of virtual reality

SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …

Meta takes on the US antitrust agency over the future of virtual reality Read More »

Bankman-Fried and Ellison seek attorneys as FTX probes escalate

Bankman-Fried and Ellison seek attorneys as FTX probes escalate

NEW YORK, Dec 6 (Reuters) – FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head of his now-defunct trading subsidiary, called in defense attorneys as authorities Americans are investigating the collapse of the crypto exchange, according to a Bankman-Fried spokesperson and a source familiar with Ellison’s selection. Bankman-Fried has retained Mark S. …

Bankman-Fried and Ellison seek attorneys as FTX probes escalate Read More »

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads Read More »