Crypto.com CEO downplays FTX contagion fears, states he’ll establish naysayers completely wrong as withdrawals rise

Critical Points

Crypto.com CEO Kris Marszalek stated his business had a “greatly solid balance sheet” and wasn’t engaged in the varieties of procedures that brought on FTX’s collapse.
“We in no way engage as a company in any irresponsible lending techniques, we never ever took any 3rd-bash pitfalls,” Marszalek claimed in an “question me anything at all” on YouTube.
It will come following the revelation Sunday that Crypto.com mistakenly despatched $400 million really worth of ether to Gate.io, one more crypto exchange, in Oct.

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Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over

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Key Points Nvidia said it has yet to generate any revenue from chip sales to China. Chip sales have come under scrutiny from both Washington and Beijing amid a tech race. Chinese AI firms gained ground through IPOs and lower-cost tech. Source

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