A terrible year for cryptocurrencies in 2002 accelerated toward a calamitous bottom on Nov. 8 as the value of the now-bankrupt FTX exchange plummeted. The company was a mechanism people used to buy and sell cryptocurrencies such as bitcoin and ether. But confidence in FTX was destroyed as its customers hurried to withdraw their money…
Just three days into the new year, the crypto space is already tearing itself apart in public. A conflict that was being played out behind the scenes has just been publicized. This conflict is one of the consequences of the bankruptcy of the empire of the former crypto emperor Sam Bankman-Fried. It pits three of…
Since its inception in the mid-2000s, Chipotle has seen incredible success with its signature burrito bowl. If you’ve never had the pleasure, allow me to explain. Guests can choose a variety of rice, beans, meat, salsa, and other fixings typically found on a burrito in a bowl. It’s simple, capitalizing on the restaurant’s “make-it-your-way” service…
Consumers and investors are wondering how much the cost of living will rise as inflation remains at a 40-year high. But the question that frightens everyone — consumers, markets and government — is whether the economy will enter a recession. The “R” word is the scary word. But for many economists there is no longer…
Sam Bankman-Fried will start 2023 as he ended 2022: in court. The fallen former king of crypto is at the heart of one of the biggest scandals the young blockchain-powered financial services industry has ever seen. The regulators filed a series of criminal and civil charges against Bankman-Fried, whom they accuse of alleged fraud, on…
The Inflation Reduction Act of 2022 was signed into law by President Joe Biden on Aug. 16, 2022. The previous year it had already passed the House of Representatives. After getting through the House, the bill would need to pass the Senate to get to Biden’s desk for the signature that would make it a…
The Solana cryptocurrency nightmare seems endless. The token, known as SOL, is one of the few cryptocurrencies directly linked to Sam Bankman-Fried, the disgraced king of the crypto sphere who filed for Chapter 11 bankruptcy of his crypto empire on November 11. FTX, the exchange cryptocurrencies he co-founded in May 2019, was unable to meet withdrawal…
It’s a big surprise. MicroStrategy, the company of Michael Saylor, one of the most fervent evangelists of Bitcoin, has sold the king of cryptocurrencies. The move was made recently, according to a regulatory filing. The firm said it bought approximately 2,395 bitcoins for approximately $42.8 million in cash, at an average price of approximately $17,871 per…
Amazon executives are left pondering a serious question now that they broadcast the NFL’s Thursday Night Football package. Amazon has its slice of the NFL pie, but is that slice big enough for the company to launch a standalone sports broadcasting network? Last week, a snoozer between the Jacksonville Jaguars and the New York Jets…
Amazon (AMZN) – Get Free Report Prime Video began its foray into sports programming in 2017, acquiring rights to stream some NFL Thursday Night Football games. It began streaming Premier League soccer matches in 2018 in the U.K. Prime Video, in 2021, announced it would exclusively broadcast Thursday Night Football in a deal that will last…





