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Here’s where Sam Bankman-Fried spent some of his crypto fortune: Bahamas properties, donations to key Democrats, and sponsoring sports teams
Fried's net worth was $26 billion. Here is how he spent some of that money.
Bank of Japan to Run CBDC Experiments With Country’s Megabanks: Report
The Bank of Japan (BoJ) has planned experiments on a digital yen with three megabanks and regional banks in the country, Nikkei reported on Wednesday. Starting in the spring of 2023, the BoJ will work ...
BOJ to Conduct Digital Yen Trial With Japan’s 3 Megabanks, Others – Nikkei
The Bank of Japan will start a trial with an eye on launching a digital yen with Japan's three megabanks and regional banks next spring, the Nikkei newspaper reported. The central bank could decide in ...
Japan’s Mitsubishi UFJ to buy two Asia units of Home Credit for 600 million euros
JAPAN’S Mitsubishi UFJ Financial Group plans to buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 600 million euros (S$857.1 million), a person ...
Jim Chanos on Crypto, Tech and the Golden Age of Fraud
Earlier this year we talked to the legendary short seller Jim Chanos, during which he warned of more pain ahead for speculative areas of tech. That call proved to be prescient by a number of measures.
It’s going to ‘get worse’ for crypto before it gets better, NEXO co-founder says
Antoni Trenchev, MD and co-founder at Nexo, says it’s going “to get worse” for crypto before it gets better.
Tokyo Finance Standalone September 2022 Net Sales at Rs 0.18 crore, up 24.86% Y-o-Y
Reported Standalone quarterly numbers for Tokyo Finance are: Net Sales at Rs 0.18 crore in September 2022 up 24.86% from Rs. 0.14 crore in September 2021. Quarterly Net Profit at Rs. 0.06 crore in ...
FTX collapse: Sam Bankman-Fried’s crypto exchange run as ‘personal fiefdom,’ faces hacks, missing assets, say attorneys
In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescu ...
FTX meltdown threatens to end ‘Wild West’ era for crypto
Japan’s Softbank is expecting to write down $100m. Other large investors include Sequoia, BlackRock, Tiger Global, Insight Partners and Paradigm. FTX founder Sam Bankman-Fried resigned as chief ...
FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation
The bankruptcy of the FTX cryptocurrency exchange is pushing regulators to increase their scrutiny of the crypto space.
Crypto Education Is More Important Than Ever After FTX
First things first, it is worth pointing out that – based on the evidence that has come to light following the bankruptcy filing of FTX and its affiliated entities – that the failure of this exchange is not so much a failure of any specific cryptoasset,
Japan calls for ‘significant increase’ in military spending amid war threats
A government panel proposal has been submitted to Japan's Prime Minister Fumio Kishida to bolster defence spending.
Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans
Finance firms have built crypto teams and inked partnerships, but all of that is thrown into flux as the FTX fallout sows fresh doubt on Wall Street.
Crypto Speculation Is All But Over. Its Systemic Troubles Aren’t.
The decline in bitcoin looks a lot like the decline in other super-speculative assets. But more failures of crypto firms could push it lower still.
FTX Debacle: Is There Anyway To Calm Crypto Investors Down?
Crypto has survived other disasters, like Mt. Gox in 2014, but FTX is different. It is the most significant short-term single-day loss in crypto ever. It was heavily connected to party politics, with its founder Sam Bankman-Fried being a big donor to Democrats this mid-term,