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PRESS DIGEST- New York Times business news - Nov 29

Reuters
·1 min read

Nov 29 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- BlockFi, a cryptocurrency lender that targeted ordinary investors eager for a piece of the crypto mania, filed for bankruptcy on Monday, felled by its financial ties to FTX, the embattled exchange whose recent downfall has shaken the crypto industry to its core.

- Kraken, a U.S. cryptocurrency exchange, agreed on Monday to pay more than $360,000 to the Treasury Department to settle accusations of sanctions violations involving virtual currency transactions by users in Iran.

- Yahoo is deepening its push into digital advertising as the company is now taking a roughly 25 percent stake in Taboola.com Ltd, the company known for serving up attention-grabbing links on websites, the chief executives of the companies said in an interview.

- Anthony M. Ornato, the former Secret Service agent and White House aide at the heart of a dispute over conflicting accounts of former U.S. President Donald J. Trump's actions during the Jan 6 Capitol riot, is scheduled to be interviewed on Tuesday before the House committee investigating the attack, according to two people familiar with the matter. (Compiled by Bengaluru newsroom)