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The world’s richest person is now the CEO of three companies. Along with running Tesla Inc TSLA, SpaceX and Twitter, Elon Musk also finds time to be active on Twitter, where he is now the second most followed person. Known for his ongoing support of meme crypto DOGE/USD, comments from Musk early Saturday morning could have...
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Sam Bankman-Fried. Tom Williams/Getty Images Sam Bankman-Fried’s fortune has been erased as his assets become essentially worthless, according to the Bloomberg Billionaire Index. At its peak, his net worth was $26 billion and still stood at $16 billion on Monday. But by Wednesday it had shriveled to $1 billion. By late Thursday, it was gone,...
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The founder of the crypto exchange, until recently seen as a steady hand in the Wild West of digital assets, is now under investigation and his company filed for bankruptcy. His downfall casts a shadow on efforts to make crypto a legitimate part of the financial world. This content was originally published here.
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About $2billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. Founder and CEO Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, Reuters reports. A large portion of that total...
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Image: Riot Games / Kotaku / Brandon Bell (Getty Images) I can’t believe that U.S. Congresswoman Alexandria Ocasio-Cortez just massacred millions of League of Legends players yesterday. She was dunking on a crypto bro who was really bad at Riot’s MOBA game, but she also caught many innocent players in the crossfire. Actually, that just...
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Crypto Scalp Trading: Learn the Basics Scalp trading, also known as scalping, is a crypto trading strategy to make repeated profits over a short period of time. Scalp trading is a popular cryptocurrency trading strategy used by leveraging the crypto market’s volatility to make regular short profits. Scalp traders, also called scalpers, seek profits from...
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A Russian cryptocurrency billionaire died in a helicopter crash near Monaco, despite good weather in the area, the third cryptocurrency entrepreneur to die unexpectedly in recent weeks. Vyacheslav Taran, 53, died after the helicopter crashed near Villefranche-sur-Mer after lifting off from Lausanne in Switzerland. The French pilot also died. “It is with great sadness that...
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Having criticised Ripple’s native XRP before, Ben Armstrong, otherwise called BitBoy, has now applied for a key position at the firm, in what could be seen as a dramatic change of opinion. Following the US Securities and Exchange Commission filing a $1.3 billion lawsuit against Ripple, for allegedly selling XRP tokens as securities, many from...
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The crisis has demolished Bankman-Fried’s public image as a go-to resource for policymakers writing rules for crypto — a reputation that was built on his willingness to write multimillion dollar checks to boost Democrats. One Democratic congressional staffer who requested anonymity because they weren’t authorized to speak publicly compared the collapse to seeing the man...
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What’s driving the extra scrutiny now is the surfacing of a slide deck – posted on a public website but confirmed as authentic by a person familiar with the matter – that Sino had shopped to investors earlier this year when it was raising a crypto investment fund, with a target of as much as...
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