Cryptocurrency Analysis and News Portal
One, SBF has long had confidence in his persuasive capabilities. Following FTX’s collapse last November, SBF back-channeled with numerous reporters to tell his side of story, often downplaying his knowledge of what was happening and – in a preview of his current defense – making out that he was more
Read More
The fund flows Reuters described in Tuesday's report "indicate a lack of internal controls to ensure customer funds were clearly identifiable and segregated from company revenues," according to three former U.S. regulators cited in the article, who also said the "commingling" obscured the whereabouts of customer funds. Source
Read More
Binance CEO Changpeng ‘CZ’ Zhao knew Sam Bankman-Fried was in a desperate situation when the former CEO of the now-bankrupt FTX exchange called him for a bailout.CZ opened up on the events that nearly saw Binance come to the rescue of its ailing industry competitor as a credit crunch sent
Read More
That outlook, however, could be positive for crypto, pressuring the Fed to be more dovish, which would result in a weaker U.S. dollar and therefore a stronger crypto market, Joshua Lim, head of derivatives at Genesis Trading said. (Genesis is owned by Digital Currency Group, which also owns CryptoX.) Source
Read More
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week.
Read More
The country faces sanctions from the West as the war against Ukraine transcends into economic and financial cripples. Original Source
Read More
Tesla has once again reduced the prices of its made-in-China Model 3.The price cuts come at a time of increasing competition in China.Chinese EV manufacturers are growing in stature, and foreign automakers are boosting their investments.The going is getting tougher for Tesla in China. Just five months after making substantial
Read More
Ellen DeGeneres had Alec Baldwin on her show on Wednesday, and he offered her some unsolicited advice on handling the backlash from her toxic work environment scandal.Baldwin is hardly someone to offer advice on how to win over the public, as he hasn’t handled his own discrepancies well in the
Read More
Fed Vice Chair Richard Clarida said the central bank would retain low interest rates and let inflation run higher than 2% at times.The Fed’s reassurance isn’t helping the Nasdaq, which has declined by 11.8% since September 2.Investors remain rattled by the pandemic-induced correction despite the Fed’s dovish stance.Federal Reserve Vice
Read More
Adidas has released its own branded face mask, at a time when it’s struggling desperately to sell its usual sportswear. While not medically graded, the mask has sold out anyway, testifying to the power of brands over common sense. The release is basically a marketing stunt, one which Adidas
Read More