Crypto ‘smart’ money? Big businessmen fell in love with Sam Bankman-Fried

Crypto ‘smart’ money?  Big businessmen fell in love with Sam Bankman-Fried

I was shocked when I first learned how a mess like Sam Bankman-Fried got away with convincing so many seemingly smart people—big money managers, venture capitalists, and all those celebrity ambassadors—that he was a genius investing kid, they should hand over a lot of money for him to play with. That is, until I witnessed … Read more

Armstrong, CEO of Coinbase: FTX’s “Baffling” Bankman-Fried is not in custody

Armstrong, CEO of Coinbase: FTX’s “Baffling” Bankman-Fried is not in custody

FTX founder Sam Bankman-Fried should be in custody by now, as far as Brian Armstrong is concerned. The Coinbase CEO said this week that he is “baffling to me why he is not in custody.” “The Department of Justice or someone should be able to do, just based on their public statements, I think there’s … Read more

Cryptocurrency exchange Kraken lays off 1,100 employees

Cryptocurrency exchange Kraken lays off 1,100 employees

Jesse Powell, CEO of cryptocurrency exchange Kraken, poses for a photo at the company’s San Francisco office in 2014. David Pablo Morris | Bloomberg via Getty Images Kraken, one of the world’s largest cryptocurrency exchanges, is laying off about 30% of its staff, or 1,100 people, “to adjust to current market conditions,” co-founder and chief … Read more

The European Central Bank says that Bitcoin is on the “road to irrelevance”

The European Central Bank says that Bitcoin is on the “road to irrelevance”

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank strongly criticized bitcoins on Wednesday, saying that the cryptocurrency is on a “road to irrelevance.” In a blog post titled “Bitcoin’s last stand,” ECB CEO Ulrich Bindseil and analyst Jürgen Schaff … Read more

Russian billionaire Vyacheslav Taran dies in helicopter crash

Russian billionaire Vyacheslav Taran dies in helicopter crash

A Russian billionaire has died in a helicopter crash near the French-Italian border, marking the latest sudden death of a figure in the cryptocurrency world. Vyacheslav Taran, 53, the founder of the Forex Club and chairman of the Libertex Group, was the sole passenger of a helicopter that crashed in Villefranche-sur-Mer this weekend, according to … Read more

BlockFi Files for Bankruptcy as FTX Fallout Spreads

BlockFi Files for Bankruptcy as FTX Fallout Spreads

The BlockFi logo displayed on a phone screen and the representation of cryptocurrency are seen in this illustrative photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki | Nurfoto | fake images Struggling crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of … Read more

FTX Crash: Billionaire Mark Cuban Gives Crypto a Dream Boost

FTX Crash: Billionaire Mark Cuban Gives Crypto a Dream Boost

The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at 32,000 million dollars in February, ended up casting suspicion on the entire young financial services industry, based on Blockchain technology. Confidence in the industry is at … Read more

SEC Chairman Gary Gensler to Reveal Big Changes Amid FTX Scandal

SEC Chairman Gary Gensler to Reveal Big Changes Amid FTX Scandal

You’d think that with the FTX scandal still unfolding and investors losing billions of dollars from their supposedly protected crypto accounts, Securities and Exchange Commission Chairman Gary Gensler would have so much on his plate that he wouldn’t have time to waste. the weather in our capital. markets, which are working very well. But sources … Read more

FTX will sell or restructure global empire, CEO says

FTX will sell or restructure global empire, CEO says

FTX’s new CEO said Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble over court documents and press releases over whether the bankruptcy filing should proceed in New York or Delaware. “Based on our review last week, we are pleased to learn … Read more