Thousands of Australian crypto investors have found themselves in a precarious situation and now face the risk of losing their entire investments following the collapse of the popular crypto exchange FTX. According to the Australian Financial Review, close to 30,000 Australian investors are now looking to recover part of their losses after the crypto trading…
Bankman-Fried’s FTX Bankruptcy Looms Large on 2023 Congressional Agenda
Members of Congress from both sides of the aisle are calling for congressional action in the wake of the Chapter 11 bankruptcy filing by FTX Trading Ltd., the world’s second-largest cryptocurrency exchange, which was founded by Democrat mega-money man Sam Bankman-Fried. The cryptocurrency market consists of hundreds of billions of digital financial assets and is…
The Age of Easy Money Is Over
Commentary What began in 2008 and continued for the better part of 14 years appears finally to be coming to an end. The era of cheap money and credit is over. It’s hard to wrap one’s brain around the implications. It will affect all of business life and personal finances. It will dramatically change financial…
Fraud, Romance, and Regulatory Neglect: The FTX Scandal Deepens
U.S. politicians are calling for stricter regulations on the crypto industry as a result of the FTX bankruptcy and potential fraud. “It shows the weaknesses of this entire sector,” Secretary of the Treasury Janet Yellen told Bloomberg on Nov. 12, emphasizing the need for “very careful regulation.” “The notion you could use the deposits of…
Relationship Among FTX, Ukraine, and Democrats Sparks Speculation
News Analysis Is there a questionable relationship among Sam Bankman-Fried’s bankrupt FTX, Ukraine, and the Democrats? In the aftermath of the collapse of the cryptocurrency exchange, new questions are being raised surrounding these connections, from crypto partnerships to the billionaire’s contributions to Democrats. But is there something behind the curtain, or was it a group…
FTX, the Democrats’ Money Laundering Operation
Commentary Crypto crashes and crypto-exchange schemes come and go. I had assumed that the Mt. Gox disaster of 2014 would be the last, teaching investors to keep their own custody and watch the exchanges (the on and off ramps to the ecosystem) very carefully. Keep your funds in your possession, the old guard has been…
Falling Meteorite FTX Scorches Crypto Landscape
After several months of calm in the crypto industry, characterized by a role reversal in which equities were highly volatile and cryptocurrencies flat and boring, a familiar if tragic drama reminiscent of Icarus is now playing out. This week saw the dramatic failure of FTX, one of the world’s largest cryptocurrency exchanges, and the ignoble…
LIVE 10:30 AM ET: Trump Schedules ‘Special Announcement’; Dems Feel Heat Over FTX Campaign Donation Scandal
Former President Donald Trump has scheduled a “special announcement” at his Mar-a-Lago home where he’s expected to announce a 2024 presidential run. One of his advisors has also declared that the former president wants everyone to know that, “of course,” he’ll be running again. Meanwhile, a new scandal is slowly unraveling around a major Democrat donor…
LIVE: Trump Schedules ‘Special Announcement’; Dems Feel Heat Over FTX Campaign Donation Scandal
Former President Donald Trump has scheduled a “special announcement” at his Mar-a-Lago home where he’s expected to announce a 2024 presidential run. One of his advisors has also declared that the former president wants everyone to know that, “of course,” he’ll be running again. Meanwhile, a new scandal is slowly unraveling around a major Democrat donor…
Trump Schedules ‘Special Announcement’; Dems Feel Heat Over FTX Campaign Donation Scandal
Former President Donald Trump has scheduled a “special announcement” at his Mar-a-Lago home where he’s expected to announce a 2024 presidential run. One of his advisors has also declared that the former president wants everyone to know that, “of course,” he’ll be running again. Meanwhile, a new scandal is slowly unraveling around a major Democrat donor…
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