New York CNN Business — The staggering level of apparent deception staged by former crypto king Sam Bankman-Fried wasn’t uncovered by government investigators or a major powerhouse financial news organization, such as The Wall Street Journal. Instead, the public’s first glimpse of the alleged wrongdoing by Bankman-Fried — known to insiders as SBF — came … Read more
The crypto community on Twitter is heavily criticizing the mainstream media for its poor and biased coverage of the collapse of cryptocurrency exchange FTX. In a piece published on Nov. 18 by Forbes Magazine, the CEO of FTX’s affiliate company Alameda Research, Caroline Ellison, has been dubbed “Queen Caroline.” The magazine attempts to portray Caroline … Read more
Alex Wong Sam Bankman-Fried’s FTX, the once-mighty cryptocurrency exchange that extended lifelines to distressed crypto-related firms, was unable to prevent its own Chapter 11 bankruptcy filing. Here’s what happened, from beginning to end-ish: Monday The rapid meltdown of Bankman-Fried’s crypto empire came about after crypto exchange rival Binance, an early investor in FTX, said it … Read more
New York CNN Business — Larry David made a prediction about this week’s crypto meltdown that was prettaaay prettaaay good. In a Super Bowl ad for the FTX crypto exchange in February, Larry David sarcastically predicted that FTX wasn’t going to make it. The ad shows David’s character throughout history, naysaying humanity’s greatest inventions, including … Read more
Almost a decade ago, Jurgen Klopp’s Borussia Dortmund went from German champions and one of Europe’s most-feared sides to barely being able to win a match as the German’s seven-year spell at the club came to a shuddering halt – so could things be repeating themselves now at Liverpool? Heading into the 2014-15 season, Dortmund … Read more
A rift is growing between Kiev’s staunch supporters and those who want “business as usual” with Russia, the Polish PM said A burgeoning divide within the EU on the Ukraine conflict could implode the bloc, Polish Prime Minister Mateusz Morawiecki told French media on Monday. This is because certain member states would prefer to seek … Read more
On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million pounds ($32.42 million) in Q1 2021 to 0.1 million … Read more