The deputy governor of the Bank of England has warned of the need to regulate cryptocurrency following the collapse of the FTX exchange. FTX filed for bankruptcy protection on Nov. 11 as CEO and founder Sam Bankman-Fried resigned. Sir Jon Cunliffe told an audience at a Warwick Business School event on Monday: “While the crypto…
After FTX Collapse, Bank of England Warns of Bigger ‘Crypto Shock’ in Future
November 21, 2022
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Business & MarketsCrypto Exchange FTXcryptocurrencyeconomyFTXInvestmentMarketsThe Bank of EnglandUKWorld
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How Money From Gates and FTX Bought Scientific Silence
November 21, 2022
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Bill GatesCOVIDFTXGabe Bankman-FriedGates FoundationlockdownsmandatesOpinionpandemic planningpandemic preparednessPandemic ResponsePublic HealthSam Bankman-FriedViewpoints
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Commentary Looking back, it’s utterly bizarre how the world of science could have gone so silent even as the world locked down and lives were shattered by the billions by governments the world over. The silence was deafening. We went from a March 2, 2020, letter signed by 800 public health experts associated with Yale…
Collapsed FTX Owes Nearly $3.1 Billion to Top 50 Creditors
Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in Delaware on Nov. 11…
CEO of Ukrainian Crypto Firm Denies FTX–Ukraine Money-Laundering Allegations
Everstake, a Ukraine-based cryptocurrency firm, has been caught in the crosshairs of a controversial relationship involving Kyiv, Democrats, and the beleaguered FTX exchange that has captured the attention of Washington officials. As part of efforts to generate more funds for the war effort, the Ukrainian government launched “Aid for Ukraine,” a website that accepted cryptocurrency…
FTX and the Perils of Democratization of Finance
Commentary The possibilities of intentional fraud and potential international conspiracy of a web of illicit money-laundering activities cannot be ignored. But from the vantage point of this author—who was an employee of a cryptocurrency trading firm from 2018 to 2019–the downfall of FTX isn’t shocking at all. The crypto industry isn’t regulated. And despite their…
Alameda: The Firm at the Heart of FTX’s ‘Catastrophic Collapse’
November 19, 2022
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AlamedaBusiness & MarketsCompaniescryptocurrencyeconomic policiesFTXInvestmentMarketsSam Bankman-FriedUSUS News
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In late 2017, MIT alumnus Sam Bankman-Fried left the quantitative trading firm Jane Street to start his own cryptocurrency trading firm, Alameda Research. Founded prior to FTX, Alameda got its start by taking advantage of bitcoin price differentials between Japanese and U.S. exchanges, namely by buying bitcoin for a low price in the United States and selling for…
Democrat on House Financial Services Committee Hired FTX Crypto Kingpin’s Brother
November 19, 2022
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Alameda ResearchDemocrat PartyFTXGabe Bankman-FriedGabriel Bankman-FriedGary WangGuarding Against PandemicsHouse Financial Services CommitteeMaxine WatersOpinionSam Bankman-FriedSamuel Bankman-FriedSean CastenViewpoints
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Commentary A Democrat who sits on the House Financial Services Committee hired the brother of the head of the bankrupt cryptocurrency company FTX, potentially raising ethical questions. Gabe Bankman-Fried, the younger brother of FTX CEO Samuel Bankman-Fried, went to work in January 2019 for Rep. Sean Casten (D-Ill.). Casten, then a freshman congressman, was named that same…
The COVID/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried
Commentary A series of revealing texts and tweets by Sam Bankman-Fried, the disgraced CEO of FTX, the once high-flying but now belly-up crypto exchange, had the following to say about his image as a do-gooder: it is a “dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.” Very…
Capitol Report (Nov. 18): DOJ Appoints Special Counsel to Investigate Trump; CCP Manipulates US Immigration System
The Department of Justice is appointing a special counsel for the investigations into former President Donald Trump. Attorney General Merrick Garland says this is in the public’s interest. Republicans are revealing the first targets for their investigation into the Biden White House. What are they looking for, and how is the White House reacting? Congressman Ralph Norman joins…
PREMIERING NOW: Political Donations May Be Why Crypto CEO Is Not in Custody: Rep. Warren Davidson
November 18, 2022
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2022 Midterm ElectionsAndy BiggsBusiness & MarketscryptocurrencyEpochTVEuropeFresh Look AmericaFTXInvestmentKevin McCarthyLive VideosMarketsPoliticsRussia-Ukraine WarSam Bankman-FriedUSVideoWorld
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Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well…
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