Tag: FX

How fast things go in the world of crypto intrigue.  Two weeks ago, Sam Bankman-Fried, the founder of FTX, was still a king maker.  He certainly rubbed his peers the wrong way as he tried to influence the regulation of the sector. The industry, however, was happy to see him use his fortune to lobby…

Sam Bankman-Fried went, in a week, from savior and king of cryptocurrency, to villain, liar and scammer.  Last summer, the 30-year-old former trader and his empire of FTX and Alameda Research, a cryptocurrency trading platform, were bailing out prominent struggling crypto lenders like Robinhood, BlockFi, Celsius Network, Voyager Digital and others.  He then became the…

The cryptocurrency industry seems to have a new savior to save it from plunging into an unprecedented slump. Just over three days after the FTX cryptocurrency exchange filed for Chapter 11 bankruptcy, a new player is emerging to try to reassure investors.  This is Binance, the world’s leading exchange for bitcoin and other digital currencies…

An exclusive Forbes investigation unmasks the pair of slick promoters who appear to have made millions pumping and dumping EthereumMax and other now virtually worthless crypto tokens. In June 2021, at the height of the cryptocurrency craze, Kim Kardashian posted an Instagram story promoting Ethereum Max, a brand-new token. The reality TV star wasn’t giving…

Mark Cuban is not happy and makes it known. The successful entrepreneur seems, like most business circles, to have been shocked by the implosion, in less than a week, of FTX, one of the big players in the crypto sphere. The cryptocurrency exchange filed for Chapter 11 bankruptcy on November 11, after three turbulent days,…

Disinflation is the intended result of quantitative tightening measures enacted by the Federal Reserve.  engin akyurt via Unsplash; Canva ContentsWhat Does Disinflation Mean? Disinflation vs. Deflation: What’s the Difference? What Causes Disinflation? Disinflation Example: The Early 1980sIs Disinflation Good or Bad? How Does It Impact the Economy?Frequently Asked Questions (FAQ)For most consumers, the concept of…

By Anirban Mahanti Upstart UPST missed its guidance for the third quarter 2022 comprehensively. I was extremely disappointed after having a quick look at the results. As I have said time and again, companies should refrain from providing guidance if they are going to miss it or having to revise it downwards at a regular…

It’s a huge twist.  The crisis of confidence in the cryptocurrency industry deepened on November 9 after Binance announced that it would no longer buy FTX.com, owned by ex-billionaire Sam Bankman-Fried.  The day before, Changpeng Zhao, the CEO and co-founder of Binance, the world’s largest bitcoin buying and selling platform by volume, announced that he…

Sports teams welcomed the multi-million dollar partnerships in 2021 from cryptocurrency companies like FTX, an exchange to trade digital assets. The abrupt downfall and the pending acquisition of FTX, a popular cryptocurrency exchange, by Binance on Nov. 8, leaves the future of those partnerships up in the air. Investors have often been wary of companies purchasing…

It is a movie that has already been seen over and over again.  At some point, it becomes annoying and boring because the scenario is always the same. You only have to change the protagonists and actors and you get the same result.  This movie is one that features the cryptocurrency industry that wants to…