Tag: FX

The list of collateral victims of the bankruptcy of the FTX cryptocurrency exchange continues to grow.  Crypto lender BlockFi announced on November 28 that it had filed for bankruptcy due to its exposure to FTX, which had bailed out the firm during the liquidity crisis that impacted the industry in the summer of 2022.  Now…

The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry.  While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire filing for bankruptcy, it is expected that there are going to be many victims in the crypto sphere, according to industry sources. The reasoning is that FTX,…

Share to FacebookShare to TwitterShare to LinkedinJust a couple days before scoring the penalty that earned a tie against the United States at their first World Cup game, Wales’ soccer star Gareth Bale celebrated becoming a minority shareholder for Welsh whisky distillery Penderyn. By investing in the company, he becomes one of 61 shareholders and…

A face of the regime of Sam Bankman-Fried, the founder of FTX, was revealed on November 22 during the firm’s first hearing in Delaware bankruptcy court.  The 30-year-old former trader was virtually considered an “emperor” among his employees: This is the image used by an FTX lawyer to describe what happened after Bankman-Fried filed for…

When it comes to the tower market, American Tower AMT is an 800 pound gorilla. It, Crown Castle CCI, and SBA Communications SBAC together command 88% market share of America’s 112,000 cellular towers. And while the global market is a bit more fragmented, American Tower’s portfolio of 221,000 tower sites is nothing to sneeze at. The world has…

Elon Musk is a crypto evangelist.  The billionaire is one of the most influential voices in the cryptocurrency space.  An announcement or comment from him about a digital currency can radically change the evolution of this asset. For those who follow the crypto market closely, they know that the billionaire is the main backer of meme…

From financial ruin to jail time, here are the big billionaire downfalls that compete with Sam Bankman-Fried’s $17 billion FTX collapse. The world watched in shock last week as the floor fell out from under Sam Bankman-Fried. Over the course of just a few days, the 30-year-old founder and former CEO of cryptocurrency exchange FTX…

Share to FacebookShare to TwitterShare to LinkedinBankman-Fried’s trading firm Alameda Research is at the center of his empire’s collapse. Illustration by Gracelynn Wan for Forbes; photo by Guerin Blask for Forbes By Jeff Kauflin, Emily Mason and Nina Bambysheva A week after the dramatic collapse of Sam Bankman-Fried’s tangled web of crypto companies, countless unanswered…

Share to FacebookShare to TwitterShare to LinkedinTom Brady, Gisele Bundchen named as defendants in civil suit regarding FTX marketing Getty Images The FTX crisis got even more complicated on Wednesday with two new lawsuits hitting U.S. courts. One of them unites Tom Brady and Gisele Bundchen as defendants with FTX founder Samuel-Bankman Fried, funnyman Larry…

By Anirban Mahanti Uruguay-based dLocal DLO specializes in payments processing for global merchants operating in emerging markets. The company operates in 39 countries across Latin America, the Middle East, Africa, and Asia Pacific. Using dLocal’s “One dLocal” platform, global businesses can accept payments, send “payouts,” and settle funds globally without requiring multiple payment acquirers and methods.…