The fallout of Sam Bankman-Fried’s FTX spreads as Gemini Earn and Genesis Global Capital suspend withdrawals

Tyler Winklevoss. Joe Raedle/Getty Images The crypto lending arm of Genesis Global Trading is suspending customer withdrawals, days after Sam Bankman-Fried’s FTX filed for bankruptcy.   Gemini Earn, run by the Winklevoss brothers, said it also paused withdrawals on its lending program.  Genesis Global Capital is the lending partner of the Gemini Earn program, which…

Q&A: SumUp exec on finding growth opportunities during a downturn

It’s been an eventful year for the payments industry as economic uncertainty pummels fintech valuations and firms reconsider growth plans. But there’s also opportunity in the downturn for companies to consolidate their market positions and expand into new verticals as smaller competitors cut back. UK-based point-of-sale payments provider SumUp, for example, is plowing ahead with expansion despite a…

Citadel’s Ken Griffin warns the US economy will enter an immediate ‘great depression’ if China invades Taiwan and cuts off access to its semiconductor industry

Citadel founder Ken Griffin speaks at the CNBC Delivering Alpha conference in New York on September 28, 2022. CNBC The US economy would immediately enter a great depression if China invades Taiwan, according to Citadel founder Ken Griffin.Griffin’s warning is predicated on the US potentially losing access to Taiwan’s semiconductor industry.“We are playing with fire…

These are the 12 Democrats who voted to end the official COVID-19 emergency Biden has used to extend student-debt relief

Sen. Chuck Schumer puts on “cancel student debt” mask. Alex Wong/Getty Images The Senate voted to end the government’s COVID-19 emergency declaration. Twelve Democrats joined every GOP senator in favor of the resolution. The emergency status was a key tool Biden has used to give student-loan borrowers debt relief. The Senate just voted to end…

Some people tried to leave Trump’s 2024 launch early but were stopped by security, ABC reporters say

Former President Donald Trump greets people at his Mar-a-Lago home in Palm Beach, Florida, on November 15, 2022. Joe Raedle/Getty Images Donald Trump launched his 2024 run in front of a crowd of people in Mar-a-Lago on Tuesday.  Some people tried to leave the event early — but were stopped by security, two ABC reporters…

Pompeo swipes at Trump after 2024 announcement, calls for leaders ‘not staring in the rearview mirror claiming victimhood’

Mike Pompeo looks on as Trump speaks at the White House on January 8, 2020. Jonathan Ernst/Reuters Mike Pompeo, former secretary of state under Trump, implicitly criticized his one-time boss. He called for “leaders who are looking forward, not staring in the rearview mirror claiming victimhood.” Trump proclaimed himself to be a “victim” during his…