Torsten Asmus/iStock via Getty Images It’s a sort of “game over” for ByteDance Technology Ltd. (BDNCE). The TikTok parent is restructuring its gaming business and prioritizing other long-term strategic growth areas, according to numerous reports last week saying the company would significantly downsize its Nuverse gaming brand. The move marks a rare setback for ByteDance,…
Each of Bankman’s other crimes carries a maximum prison sentence of between 5 to 20 years. The five-week-long criminal trial of former FTX CEO Sam Bankman-Fried (SBF) has finally concluded. Sam Bankman-Fried, who was charged with multiple counts of fraud and criminal conspiracy, has been found guilty of all seven charges against him. The decision…
Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth…
Receive free Niger updates We’ll send you a myFT Daily Digest email rounding up the latest Niger news every morning. The head of Niger’s presidential guard has declared himself leader of the west African country after instigating the coup this week that deposed its pro-western leader. Abdourahmane Tchiani, who has headed the presidential guard since…