Tag Archives: ftx

Bitcoin had an extremely rough year in 2022. The price crashed, and the asset lost more than 70 percent of its value. Nothing could have prepared us for such a dramatic decline in the standing of the world’s largest and most popular digital currency, and yet there are some – such as venture capitalist Tim Draper – that refuse to give up on it. Tim Draper Still Loves BTC In a recent interview, Draper stated that 2023 will be the year in which bitcoin reaches a whopping...

Sam Bankman-Fried – the man behind now failed digital currency exchange FTX – has been arrested while stationed in the Bahamas and is being extradited to the United States, where he will face criminal charges after they were filed in a New York court. Sam Bankman-Fried Is Heading to an American Jail The criminal charges come by way of the Department of Justice (DOJ), though now the Securities and Exchange Commission (SEC) is filing its own civil suit against the...

The price of bitcoin has taken several hard hits over the past 14 months, but according to legendary investor Mark Mobius, he thinks things are going to get a lot worse before they get better. In fact, he sees the world’s number one digital currency by market cap falling to a new low of $10K before it begins its rebound. Mark Mobius Isn’t Crazy About Bitcoin Mobius has never been a bitcoin fan. At times, he’s referred to it in rather derogatory ways, even calling it a...

Sam Bankman-Fried – the disgraced founder of fallen digital currency exchange FTX – made a rare appearance at the Deal Book Summit in New York on the last day of November last year. Sam Bankman-Fried Does First Interview Following Company’s Demise While he did not arrive in person, Bankman-Fried was featured prominently on a screen from an undisclosed location in the Bahamas, where he still claims to live. In the interview, Bankman-Fried attempted to explain what...

FTX is likely to go down as one of the biggest embarrassments in the history of crypto. More than that, as additional layers get stripped away to reveal what happened, one can’t help but put a few pieces of the puzzle together and be horrified by the final image. Was the FTX Collapse Part of Something Bigger? This may sound like something of a conspiracy theory, yet when one really considers everything and puts multiple ideas in place, one can find a thread of common...

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The drama surrounding FTX is getting a lot worse. Initially, it was believed that Sam Bankman-Fried – the man behind the now failed digital currency exchange – gave a lot of money to democrat politicians, and he did. However, it’s now being alleged by him that equal money was given to republicans, only those donations were more secret. FTX Also Allegedly Delivered Funds to Republicans FTX collapsed in mid-November of last year following what SBF referred to as a...

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Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter. Kraken Says Bye to a Lot of Workers The crypto exchange says that the maneuver has nothing to do with the fall of FTX, which has caused a serious firestorm in the digital currency world. The exchange collapsed in mid-November and has sent ripples throughout the space, making several other firms...

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