Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Sam Bankman Fried
Sam Bankman-Fried May Now Contact FTX Employees — But There’s a Catch
Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
2 years ago
Crypto Community Confronts SBF for First Time Since FTX Collapse
After nearly three weeks in the dark from the media, former FTX chief Sam Bankman-Fried is finally making public appearances. On Thursday, he partook in a live Twitter space to take questions directly from the crypto community. Here are the highlights from his interview and questioning. Sam Bankman-Fried said he is making media appearances in the name of transparency. He believes the community deserves answers. SBF claimed that he had little relationship with Alameda Research, over worries about conflicts of interest.…
3 years ago
Ex-Kraken Chief Calls Out Sam Bankman-Fried for “Sociopathic” Behavior
Former Kraken CEO Jesse Powell is indignant over FTX CEO Sam Bankman-Fried (SBF)’s behavior preceding the fallout of the latter’s company. In a Twitter thread on Thursday, Powell blasted the young billionaire for recklessly tarnishing the crypto industry’s reputation. Powell Calls Out SBF The Kraken co-founder, known as a long-time crypto veteran and believer, called this week’s events a “massive setback” for the industry. Noting that the crypto industry is the frequent target of con artists, he said the community…
3 years ago
The Worst of the Crypto Crash is Probably Over: SBF
FTX CEO Sam Bankman-Fried (SBF) predicted on Monday that the worst has likely passed from the crypto industry’s latest financial meltdown. Should things get worse, SBF assured the community he still has “a few billion” dollars to support struggling firms. Speaking with Reuters, the FTX CEO said that there are still companies reaching out to his exchange asking for financial support. However, none save a few small exchanges are facing life or death scenarios. SBF’s firms have already dedicated hundreds…
3 years ago
Op-ed: Why Would Sam Bankman-Fried Lie About Bitcoin’s Future?
It’s one thing to hear ignorant criticisms of Bitcoin from people that don’t own any or aren’t deeply involved with crypto. It’s another, however, for billionaire crypto bros to carelessly spread the same false and outdated criticisms across the media like it's nobody’s business. Sam Bankman-Fried (SBF) – the CEO of cryptocurrency exchange FTX – is the latest of such figures. In an interview with the Financial Times last month, he suggested that Bitcoin has “no future as a payments…
3 years ago
Sam Bankman Fried Offers New Year’s Resolutions For Crypto Industry
Though the crypto industry has made unprecedented strides in 2021, various hurdles limit its development. Sam Bankman Fried – CEO of crypto exchange FTX – recently outlined some key issues he thinks the community should address heading into the new year. Ranging from regulation to transaction throughput, he is ready for “slow, hard work” in fleshing out a truly decentralized internet. Where We Are The young billionaire detailed his thoughts in a lengthy Twitter thread on Monday. He said it…
3 years ago