6. What happened to this startup darling whose story turned into a Netflix series titled WeCrashed? Many bad decisions led to this moment. In our recently released book, Start. Scale. Exit. Repeat., we refer to a syndrome we coined: Silicon Valley Disease. What Is Silicon Valley Disease...
There are no gatekeepers and no hoops to jump through. You’re in control.Think of it this way: traditional exchanges are like the stock market — strict, regulated, and controlled by a few big players. Uniswap is the street market of crypto. It’s open and chaotic at times but totally...
A year later, FTX collapsed amidst allegations of fraud associated with Sam Bankman-Fried.” By then, Bitcoins’ value was down to just $17,000. Throughout 2023, Binance was in the limelight for failing to maintain a functioning anti-money laundering program, resulting in the ousting of CEO...
U.S. Assistant Attorney Danielle Sassoon cross-examines FTX founder Sam Bankman-Fried as Judge Lewis Kaplan looks on in federal court in New York City on Oct. 30, 2023. (Jane Rosenberg) O'Brien said he could not point to anything that happened during the trial "that would create a signif...
But to be honest, I think he might’ve forgotten what the original purpose was. And then after it all collapses, I think he thought, Well, this is someone who at least has some context for what happened. I might as well let him hang around and document the rest. How much worse can...
Blackrock offers direct bitcoin exposure, FTX brings crypto swaps to Reddit and soccer clubs trademark the Metaverse. These stories and more this week in crypto.Crypto Market Rally ContinuesThe cryptocurrency market enjoyed a positive week, following news that inflation is cooling down. With declining...
he’s now serving a 15-year sentence. The scandal happened under the old, family ownership of Subway. We reached out to the current owners, Roark Capital; they sent a statement that reads, “Our thoughts continue to go out to all of those who were victimized by Mr. Fogle. When we lea...
It's a little bit of like, did you keep up with what happened with Theranos? Of course! WeWork and all of those companies The myth of the founder that was supposed to be a genius and then fucked it all up. Maybe that's a result of the media attention paid to pre...
Signature Bank embraced thecryptocurrencyindustry just before the market’s implosion with the failure of FTX in 2022. By September 2022, nearly a quarter of its deposits were from crypto clients, including the crypto exchange Coinbase Global and USDC issuer Circle Internet Financial Ltd.36But Signa...
Stockholders, however, have the potential to reap their share of a company's profits, as reflected in a rising share price. But in return for the possibility of greater returns, they take the risk that the stock might instead lose value. As such, in the case of a Chapter 7 bankruptcy, ...