The swift demise of cryptocurrency exchange FTX in 2022 had damaging domino effects on the cryptocurrency industry, stoking widespread mistrust among the public and toppling cryptocurrency services that did business with it. At the time, FTX was the third-largest crypto exchange, widely regarded as o...
were more than just supportive parents backing their child’s business. Mr. Bankman was a paid FTX employee who traveled frequently to the Bahamas, where the exchange was based. Ms. Fried did not work for the company, but her son was among the donors in a political advocacy network that s...
UPDATED CALL:Science Fiction Film and Televisioninvites contributions (no more than 2000 words) to a special section tentatively titled “What Was the MCU?” SinceAvengers: Endgame(2019), the once nigh-invulnerable Marvel Cinematic Universe has faced an increasing drumbeat of fan, critical/scholarly...
The Australia-based broker went into administration after it had transferred $23.4 million worth of its assets to FTX, just two weeks before the whole collapse happened in November 2022. Digital Surge managed to pull off a lucky escapewith a bailout plan; however, it did involve directors Dani...
The kinds of questions I would have asked aren’t really any different from the questions I did ask, the biggest one being: It’s a very weird arrangement to have a hedge fund on the side of an exchange. I never imagined you would put money from FTX into Alameda, but nobody did. ...
WeWork is an example of what goes wrong when too much money is thrown at founders. Yes, every company wants to grow big fast, yet too few of these venture-backed companies build a solid foundation. More Commentary on the NewsWhat the FTX Trial Means for the Future of Cryptocurrency The...
I can't continue to do what I did five years ago and expect the same results. And despite decades of experience, I need to continue learning. There are several ways to learn in this business. You can read industry publications like DNJournal and Domain Name Wire. You can visit the ...
it was considered repugnant for someone to profit from the death of a loved one; today, life insurance is seen as something you’d be foolish to do without — or at least that’s the story we’ve been told by life insurance firms. So how did Al Roth think the public would react to...
The Victorians were spared Elon Musk boosting crypto. But the great and the good of the era enthusiastically plunged into railway stocks. Charles Babbage, Charles Darwin, John Stuart Mill and William Makepeace Thackeray all invested in railways, either directly or through their families. So did th...
‘Future Fund’ which he co-ran and FTX financed, claiming it would move ‘$100M to $1B this year to improve the future of humanity’.[1]By November FTX had collapsed and under Musk, Twitter was being run into the ground. In a thread of tweets, MacAskill publicly distanced hims...