BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
Category: Regulation and Deregulation of Industry
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BlockFi Files for Bankruptcy as FTX Fallout Spreads
The New York Times – Business: -
Gina Raimondo, a Rising Star in the Biden Administration, Faces a $100 Billion Test
The New York Times – Business:Gina Raimondo, the commerce secretary, has made a career of tackling increasingly larger challenges. Could the next one be too big?
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Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
The New York Times – Business:Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
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Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing
The New York Times – Business:The deal to acquire Simon & Schuster would have made the buyer, Penguin Random House, even larger, and reduced the number of big publishers in the U.S. to four.
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US Approves Aid to Extend Life of California Nuclear Plant
The New York Times – Business:The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.
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Inside Gary Gensler’s SEC Campaign to Rein In the Crypto Industry
The New York Times – Business:Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.
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Why States Were Unprepared for the Sports-Betting Onslaught
The New York Times – Business:Government oversight of sports betting offers scant consumer protections and looks to the industry to police itself, The Times found.
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Why an Aging Casino Company Embraced Barstool’s David Portnoy
The New York Times – Business:David Portnoy, who has a history of misogynistic and racist behavior, is now a public spokesman for the sports-betting industry.