News list for " revealed"
According to people familiar with the matter, the US Marshals Service (USMS) is unable to confirm the amount of bitcoin it currently holds, or even give a rough estimate. This management flaw could affect the US government's plan to build a crypto reserve, proposed by White House crypto director David Sacks, which could change the way the government handles seized crypto assets and could even involve the purchase of cryptocurrencies. At present, the USMS still relies on Excel records and manual ...
FTX creditors' representative Sunil revealed that many FTX claims users are currently from jurisdictions that are temporarily unable to participate in the distribution, including Russia, China, Egypt, Nigeria and Ukraine. FTX is reviewing relevant solutions. Among them, China has the largest number of users, accounting for 8% of the total number of customers.
FTX creditor representative Sunil revealed that users in five regions including Russia, China, Egypt, Nigeria and Ukraine are temporarily unable to participate in FTX bankruptcy estate distribution. Among them, China has the largest number of users, accounting for 8% of the total number of FTX users. FTX is reviewing relevant solutions.
Elon Musk's social media company X is in talks with investors to raise money at a valuation of $44 billion, the same price Musk paid to buy the company in 2022, according to people familiar with the matter. The round of financing will be a major turnaround for the social media giant after Musk's acquisitions and reforms caused many users and advertisers to flee. Talks for a new round of X financing are still ongoing and details could change, the people said. Due to the involvement of private...
On February 18, three people familiar with the matter said that Michelle King, the acting director of the US Social Security Administration, left her job over the weekend due to a conflict between her and Musk's DOGE team over attempts to obtain sensitive government records. King, who has worked at the agency for decades, was named acting director last month.
The Department of Government Effectiveness (DOGE), led by Musk, is seeking access to the IRS system, which includes detailed financial information for every taxpayer, business and nonprofit in the United States, according to two people familiar with the matter, raising deep concerns within the IRS. Under pressure from the White House, the IRS is considering signing a memorandum of understanding that would allow Department of Government Effectiveness officials broad access to the tax agency's sys...
According to NBC News, four US officials have revealed that the Trump administration has proposed to Ukraine that the United States should acquire 50% ownership of Ukrainian rare earth mines and expressed its willingness to deploy US troops in Ukraine if a peace deal is reached with Russia.
Ran Goldi, senior vice president of payments and networking at Fireblocks, revealed that he has heard that X Money could support crypto payments by the end of 2025. Goldi pointed out that more and more large payment companies are formulating digital asset strategies, which also makes the market look forward to X Money's future cryptocurrency integration. X Money announced a partnership with Visa in January this year to launch digital wallet recharge, bank account transfer and P2P payment functio...
After spending $5.60 billion in cash last year, Anthropic said it would cut that by nearly half by 2025 and expects to make as much as $3.70 billion this year as it catches up with OpenAI, two people familiar with the matter said. Anthropic also expects its revenue to grow to $34.50 billion by 2027.
Musk's X Company, formerly known as Twitter, has agreed to pay about $10 million to settle Trump's lawsuit against the company and its former chief executive, according to people familiar with the matter. This will make X Company the second social media outlet to reach a settlement with Trump. Previously, these platforms suspended the use of Trump's account due to the "January 6" riots at the Capitol. Trump and other...
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, which will give institutions access to XRP securities through a regulated U.S. market infrastructure, according to people familiar with the matter. The company will offer depositary receipts, similar to American Depositary Receipts (ADRs), representing foreign shares in U.S. bourse. The product will only be offered to qualified institutional buyers through t...
President Donald Trump and Japanese Prime Minister Shigeru Ishiba will discuss increasing foreign investment in the United States, including cooperation in defense, artificial intelligence, semiconductors and cyber security, top administration officials said.
On February 7th, according to the "Washington Post" report, people familiar with the matter revealed that British security officials have asked Apple to establish a "backdoor" to allow the government to obtain all content uploaded to iCloud by users. The British Home Office has issued a "Technical Capability Notice" to Apple, requiring it to provide relevant access rights. According to the report, Apple may choose to stop providing encrypted storage services in the UK rather than violate its sec...
Gemini, a cryptocurrency company backed by the billionaire Winklevoss brothers, is considering an IPO this year, according to people familiar with the matter. The company and the custodian are currently discussing the possibility of going public with potential advisers, and no final decision has been made, the sources said, as the information has not been made public. According to the company's website, Gemini currently has more than 500 employees in New York, Seattle, Singapore, London, Dublin,...
Agents from Mr. Musk's Department of Government Effectiveness have gained access to the highly classified government records of millions of federal employees, including officials in sensitive security positions at the Treasury and State departments, according to four American officials, according to The Washington Post, as part of a broader effort to gain control of the government's main personnel agency.
