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Inside the Frenzied Texts Exchanged by Crypto Executives During the FTX Collapse

Inside the Frenzied Texts Exchanged by Crypto Executives During the FTX Collapse

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The day before struggling cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of rival exchange Binance, sent an alarmed text message to FTX founder Sam Bankman-Fried. Mr. Zhao feared that Mr. Bankman-Fried was orchestrating crypto transactions that could plunge the industry into a meltdown. “Stop now, cause no more damage,” Mr. Zhao …

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Kevin O'Leary explains how he went from calling crypto 'trash' to 'murdering' his money in FTX collapse

Kevin O’Leary explains how he went from calling crypto ‘trash’ to ‘murdering’ his money in FTX collapse

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Early cryptocurrency investor Nikki Beesetti said that going forward, she plans to cash out her crypto assets early to “reap the benefits and the rewards.” “Shark Tank” investor Kevin O’Leary, while discussing the fallout from the bankruptcy of crypto exchange FTX, explained how he went from calling crypto “garbage” to that this, causing the “murder” …

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Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: "The Dam Is About To Burst"

Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: “The Dam Is About To Burst”

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Tim Draper, Founder of Draper Associates, on stage at the Web Summit 2022 technology conference. Ben McShane | Sports file via Getty Images Venture capitalist Tim Draper thinks bitcoins will hit $250,000 a coin by mid-2023, even after a killer year for the cryptocurrency marked by industry failures and falling prices. Draper had previously predicted …

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The U.S. economy won't collapse under the "weight" of the Fed based on how these sectors perform despite inflation and oil risks

The U.S. economy won’t collapse under the “weight” of the Fed based on how these sectors perform despite inflation and oil risks

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Investors are trying to read the tea leaves on a choppy U.S. stock market to gauge whether its recent rise can continue after Federal Reserve Chairman Jerome Powell sparked bullish sentiment in late November by indicating that his aggressive stock hikes interest rates could slow. “Stock market management is telling you that the economy is …

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Total Crypto Market Cap Hits $850 Million As Bitcoin, Altcoins Recover From FTX Collapse

Total Crypto Market Cap Hits $850 Million As Bitcoin, Altcoins Recover From FTX Collapse

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The total cryptocurrency market capitalization has gained 2% in the past seven days, reaching $850 billion. Even with the positive move and ascending channel initiated on November 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%. Total crypto market capitalization in USD, 4 hours. Source: Trading View Bitcoin (BTC) price also only …

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A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

Dozen Digital Assets Post Double-Digit Gains as Crypto Markets Begin to Recover After FTX Collapse

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As of this writing, the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, November 27, 2022. Bitcoin prices have consolidated since the start of the week, as seven days indicate that the price of bitcoin fell by 0.02% this week. Meanwhile, as bitcoin prices remain static, a number of alternative crypto assets …

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FTX collapse: Bankman-Fried could end up in jail, says Mark Cuban

FTX collapse: Bankman-Fried could end up in jail, says Mark Cuban

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Since the fall of his crypto empire on November 11, almost everything has been said about Sam Bankman-Fried. His crypto brethren called him a “criminal”. They accused him of lying to clients and investors of his companies FTX and Alameda Research, a hedge fund that also operates as a trading platform. “They lied. FTX lied. …

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Crypto Biz: Institutions Short Bitcoin as SBF 'Deeply Sorry' for FTX Collapse

Crypto Biz: Institutions Short Bitcoin as SBF ‘Deeply Sorry’ for FTX Collapse

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FTX’s monumental collapse will go down as one of the greatest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX wrote a letter to his former employees outlining his role in the company’s bankruptcy. “I never wanted this to happen,” he wrote. …

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After the collapse of FTX, Binance will become the Amazon of the crypto market | Carole Alexander

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FAfter one of the world’s largest cryptocurrency exchanges, FTX, went bankrupt, the price of bitcoin (BTC) fell again. It is now around $16,500 – a far cry from the all-time high of $66,000 just a year ago. Why such a sharp drop in value? It’s because of the highly toxic combination of an exchange (an …

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Who is Caroline Ellison and how did she end up at the center of FTX's collapse?

Who is Caroline Ellison and how did she end up at the center of FTX’s collapse?

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“The Wolf of Wall Street” Jordan Belfort joined “Maria Bartiromo’s Wall Street” to discuss the fallout from FTX’s collapse and the scrutiny facing A-list celebrities and the SEC Chairman. The collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange has led to increased attention on the role played by Alameda Research and its CEO Caroline Ellison in …

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