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• Sam Bankman-Fried’s lawyers have urged the court to allow him access to the assets and cryptocurrency held by his former firm FTX.
• Bankman-Fried resigned as CEO of FTX on November 11th, 2022 after filing bankruptcy and is now out on bail after being charged with wire fraud and money laundering.
• Mark Cohen, Bankman-Fried’s attorney wrote a letter to the court on January 28 asking that the bail condition imposed at the conference be lifted since the only basis presented for securing it has not been proved.

Former FTX CEO Sam Bankman-Fried (SBF) is making a plea to the court for access to the crypto assets held by his former firm FTX. SBF resigned as CEO of FTX on November 11th, 2022 after filing bankruptcy, and is currently out on bail after being charged with wire fraud and money laundering. He has maintained his plea of not guilty.

At the initial pretrial conference, SBF was released from detention on the condition that he give up his access to any cryptocurrencies held by FTX and its trading arm, Alameda Research. This ruling also applied to any cryptocurrencies purchased using FTX or Alameda money.

Mark Cohen, SBF’s attorney, sent a letter to the court on January 28th arguing that the defense team has assumed that the Government’s investigation has confirmed what SBF has said all along, namely that he did not access or transfer these assets, given the three weeks that have passed since the initial pretrial conference. Cohen further stated that the bail condition imposed ought to be lifted since the only basis presented for securing that condition has not been proved.

In addition, a document submitted by the United States Department of Justice (DOJ) on January 27 said that the Government had not yet identified any cryptocurrency accounts linked to SBF, suggesting that the Government may not have found any evidence to support the bail condition.

As a result, SBF’s lawyers are asking the court to lift the bail condition, which would allow SBF access to the crypto assets and cryptocurrencies held by his former firm FTX. Whether or not the court will agree to this request remains to be seen.

• Israel-based mobile games developer Playtika Holding Corp has sent a proposal to buy Finnish video game developer Rovio Entertainment Corporation.
• The price of the acquisition deal would be as much as 683 million euros ($737.50 million), or 9.05 euros per share, paid in cash.
• This is the second acquisition offer from Playtika to Rovio, valuing each share of Rovio at 9.05 euros, or about 60% higher than the company’s closing price on January 19.

Israel-based mobile games developer Playtika Holding Corp recently sent a proposal to buy Finnish video game developer Rovio Entertainment Corporation. The acquisition proposal values Rovio at 683 million euros ($737.50 million) or 9.05 euros per share, paid in cash. This is the second offer made by Playtika to Rovio, valuing each share of Rovio at 9.05 euros, or about 60% higher than the company’s closing price on January 19.

Playtika CEO Robert Antokol commented on the proposed acquisition: “We firmly believe the combination of Rovio’s iconic brands, portfolio of games and deep expertise in developing, launching and operating mobile games, with Playtika’s industry-leading technical platform, global presence, marketing and monetization capabilities, would create a powerful combination to drive growth and value for shareholders.”

The proposed acquisition is subject to approval from Rovio’s Board of Directors and other customary closing conditions. However, there is no assurance that any transaction will materialize or eventually be completed.

Rovio Entertainment Corporation is a Finnish game developer, publisher, and entertainment company best known for the Angry Birds franchise. The company creates and develops mobile, console and online games, while also operating several entertainment centers across the globe. The Angry Birds franchise is one of the most recognizable game series in the world, having been downloaded over 4 billion times.

Playtika Holding Corp is an Israeli-based mobile games developer that was founded in 2010. The company has grown to become a leader in the mobile gaming industry, developing and operating innovative and engaging social games across multiple platforms. Playtika currently has over 35 million monthly active users across its portfolio of games, with a mission to “connect the world through games”.

If the proposed acquisition is approved and finalized, it is expected to be a major win for Playtika. The combined company would have a strong portfolio of games and an expansive presence in the mobile gaming industry, allowing for the potential for further growth and success.

• Ubisoft shares dropped by 20% due to bad news of game cancellations and delays.
• Skull and Bones game was delayed from March 9th to anytime from April 2023 to March 2024
• Three other unannounced projects were cancelled in order to focus more on the existing brands and live services.

Ubisoft, the French video game publisher, has recently suffered a 20% drop in its share price due to bad news that was shared. The company announced that the release of their game Skull and Bones would be delayed, with no specific date fixed, and that it would now be anytime from April 2023 to March 2024. This was a major blow to the company, as the game was originally meant to be released on March 9th.

Adding to the disappointment, the company also revealed that three other unannounced projects had been canceled. This was in an effort to focus on their existing brands and live services. This was not the only bad news for Ubisoft, as their financial challenges were also discussed. To reflect the bad news, Ubisoft plans to “depreciate around €500m of capitalized R&D”.

The news of delays and cancellations was a major shock to the company and its shareholders. Ubisoft had invested a lot of resources in developing the Skull and Bones game, which had been highly anticipated. The other projects that were canceled were also expected to be major hits, leading to further disappointment.

The news of the delays and cancellations have caused a major setback for Ubisoft. The company had been in a good place before the bad news and was one of the biggest video game companies in the world. However, the news has caused them to take a major step back and they now have to work to rebuild their reputation and trust with their fans and shareholders. It will be interesting to see how they manage to come back from this and whether they can make a strong recovery.

– ByteDance, the parent firm of the social media platform TikTok has cut hundreds of jobs across multiple departments by the end of 2022.
– This move has also affected employees at Douyin which is the Chinese version of TikTok and has 600 million daily active users.
– ByteDance is one of the largest employers in china with a total workforce of over 100,000 employees worldwide.

ByteDance, the parent company of the popular social media platform TikTok, has recently announced that it will be cutting hundreds of jobs across multiple departments by the end of 2022. This news has sent shockwaves across the tech industry in China and has left many employees of the firm worried.

ByteDance is one of the largest employers in China with a total workforce of over 100,000 people, making this news all the more alarming. The job cuts are part of the company’s plans to streamline its operations and become more efficient. Employees at Douyin, the Chinese version of TikTok with 600 million daily active users, are also affected by this decision.

The Chinese tech industry has been facing numerous policy changes and disruptions over the past few months, making it difficult for businesses to continue operating as usual. ByteDance is a privately owned company, meaning they are not obliged to publicly disclose any information related to their business. This lack of transparency has only added to the confusion and fear among the employees.

The job cuts come at a time when the Chinese tech industry is already facing a great deal of turbulence. This news has been met with criticism from many employees, who are now worried about the future of their jobs and the company. It remains to be seen how the company will move forward in the coming months and what changes they will make to their operations to become more efficient.

• US federal regulators have issued a joint statement warning financial institutions of the risks associated with dealing in crypto assets.
• The warning follows the Biden administration’s directive on the healthy adoption of blockchain technology and digital assets.
• The crypto market has been trapped in a multi-week bear market due to events such as the Terra Luna fallout, the $600 million Ronin Bridge attack, and the FTX implosion.

The United States regulatory agencies, including the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), have recently issued a joint warning statement on the risks associated with crypto assets to banking organizations. This warning statement is in line with the Biden administration’s directive on the healthy adoption of blockchain technology and digital assets.

The events in the crypto market over the past year have highlighted the associated risks to banking organizations when dealing with digital assets. During the fourth quarter of 2021, the crypto market surged to its all-time high, only to then be trapped in a multi-week bear market. The downfall of the market has been linked to a number of events, such as the Terra Luna fallout, the $600 million Ronin Bridge attack, and the FTX implosion.

The statement issued by the US regulatory agencies is meant to alert banking organizations to the risks associated with crypto assets. Banks that provide custodial and lending services involving crypto assets need to be aware of the market’s volatility, as well as the potential for fraud and theft. Banks should also consider the legal and reputational risks that may arise from dealing with digital assets.

The agencies have also recommended that banking organizations that offer services involving crypto assets should have robust risk management programs in place. These programs should include policies and procedures that are designed to identify, measure, monitor, and control the risks involved. Banks should also ensure that they have appropriate internal controls, including adequate hardware and software security measures.

The agencies have also urged banks to ensure that their dealings with crypto assets are compliant with applicable laws and regulations. Banks should be aware of any laws and regulations related to the offering of services involving crypto assets, as well as any other laws and regulations that may apply.

The joint warning statement issued by the US regulatory agencies is a reminder of the risks associated with dealing with crypto assets. Banks that provide services involving crypto assets should take the necessary steps to ensure that they understand and manage the associated risks. Banks should also ensure that they have the necessary policies and procedures in place to comply with applicable laws and regulations.