Tag Archives: Mark Cuban

Many are wondering where Sam Bankman-Fried of FTX fame (or rather notoriety, at this point) has gone. The executive resigned from his company in mid-November following its collapse and he hasn’t been seen or heard from since. Has Sam Bankman-Fried Gone Missing? So, where is he? There seems to be a wide array of speculation online about what has become of the executive, with some claiming he has taken a private jet and fled to Argentina. Allegedly, one news source sent...

As the crypto space continues to crash and burn, many lawsuits from unhappy investors that have likely lost thousands or even millions of dollars in the past few months are beginning to pile up. One of the most recent lawsuits to come to light is against Mark Cuban, a billionaire investor and crypto bull, and the basketball team he owns, the Dallas Mavericks. Mark Cuban May Be Headed for Court The team and Cuban are being sued for their promotion of Voyager Digital, a...

Dogecoin co-creator Jackson Palmer is back with more harsh words for the crypto industry, community, and its influencers. This time, he’s after Mark Cuban. The Adobe engineer accused the investor of running a “grift” by trying to claim a stake in the “extractive, grifty system of cryptocurrency.” Drinking the Crypto Kool-Aid In an interview with Business Insider, Palmer said that he thinks Cuban has “drunk the Kool-Aid” surrounding crypto and NFTs.  “Mark Cuban isn’t getting...

Voyager Digital investors and Dallas Mavericks fans are lashing out at the NBA team’s owner Mark Cuban for his role in promoting the insolvent lending platform’s unregulated crypto products. The billionaire entrepreneur is now facing a civil lawsuit. According to the court document, the plaintiffs alleged that Cuban and Voyager Digital CEO Stephen Ehrlich targeted young and inexperienced fans to put their savings into Voyager Digital by promoting it on numerous occasions. The...

Mark Cuban is very bullish about Ethereum given that the crypto asset is about to undergo what many analysts and traders are simply referring to as “the merge.” Mark Cuban Is Happy About Ethereum’s New Direction The merge is a planned switch in protocols for the Ethereum network. Up to this point, ETH has largely operated – much like bitcoin – on a proof of work (PoW) module, though it’s now going to be changing to a proof of stake (PoS) module. This will largely reduce...

The American billionaire Mark Cuban is excited about Ethereum’s shift from a proof of work model to proof of stake for two key reasons. He believes the so-called Merge will significantly cut the protocol’s energy consumption, and it could turn Ether into a deflationary asset. ‘I’m Very Bullish’ This summer, Ethereum is expected to change its infrastructure from the energy-intensive mining model PoW to PoS, making the blockchain protocol less harmful to the environment. Many...

Speaking to CNBC on Jan. 11, the billionaire investor said he looks for utility when researching crypto investments. He followed up with “tokens trading are the least important part of crypto” in a Tuesday tweet. Decentralized platforms leveraging smart contract technology and DAOs are his preferred choices, he stated. Tokens trading are the least important part of crypto. Being able to create businesses on decentralized platforms leveraging smart contracts, validators,...

Data from the research company Civic Science revealed that roughly 4% of US residents have resigned from their jobs over the past 12 months as they have made sufficient profits from cryptocurrency investments. Interestingly, the majority were low-paid workers with annual salaries of less than $50,000. Crypto Gave Them Reason Not to Work The poll conducted by the consumer intelligence platform – Civic Science – added that a further 7% of the participants know someone who has...

Mark Cuban has established himself as the latest bitcoin and crypto fan in recent months. In an interview not too long ago, the billionaire investor claimed that bitcoin held a “huge advantage” over other forms of digital currency. Mark Cuban Believes Bitcoin Is Stronger Than Other Currencies When it comes to serving as a store of value, Cuban believes that bitcoin – the world’s number one digital currency by market cap – has “zero competition,” and that it is the “best...

The owner of the Dallas Mavericks – Mark Cuban – praised Ethereum and its native cryptocurrency as the investment option with the most upside potential. Speaking of bitcoin, he once again said it is superior to gold. Investors Should Pick ETH In a recent interview for CNBC, the American billionaire Mark Cuban advised beginners in the cryptocurrency industry to select Ethereum (ETH) as an investment choice. According to him, it has the biggest upside potential: “As an...