As from the moment that the FTX scandal started to spread, there was a lonely tweet suggesting a movie to be made about Sam Bankman-Fried (SBF) and his fall from grace. The tweet suggested that Jonah Hill, most famous for his role as Donnie Azoff in the Wolf of Wall Street, would play SBF because […]
As we mentioned a few times this year, the best trade was probably the US dollar index (DXY). However, as investors take profits before the year is over and other global central banks raise interest rates, the dollar index is falling to a crucial point. Meanwhile, Bitcoin finds support and moves higher again.Lastly, FTX founder […]
The weirdness of the crypto platform that once was FTX is coming to light as the court case over the major bankruptcy is getting underway. Not only did FTX spent some $300 million on holiday homes and other perks for senior staff, it now also seems that Sam’s parents, both law professors as Stanford university, might […]
The US department of justice has accused two men in Estonia of organizing a sophisticated crypto ponzi scheme in which they had set up a fake virtual bank (called Polybius) with it’s own website and all. Two 37-year-old men, called Sergei Potapenko and Ivan Turogin, have been arrested by Estonian police and the US authorities […]
Although many thought that Bitcoin would fall further due to the FTX scandal, the largest digital currency still held up reasonably well and the volatility of Satoshi Nakamoto’s invention has remained stable in recent weeks. It is therefore clear that Bitcoin has found a support level around $15,000 to $16,000. The question therefore remains what […]
Crashes always have unpredictable winners who afterwards knew better than the others. In 2008 there was Michael Burry who had been betting against the US housing market for 2 years. In 1992, George Soros knew that actions by the Bank of England would lead to a crash in the pound and he placed his bet with this […]
Elon Musk has not been out of the news as of late. Ever since he took over Twitter, he’s been making headlines. The only business news that has been able to eclipse his many layoff rounds (and locking staff out of their offices) at Twitter was the FTX collapse and the ripple effect it’s been having […]
After FTX’s collapse last week, a great number of major cryptocurrency exchanges have made promises to customers that they would all publish proof of their reserves in the spirit of transparency and trust. Problem for the Crypto.com exchange is that they had to admit having mishandled a roughly $400 million Ethereum transaction (as we reported this […]
Unless you’ve been asleep over the past two weeks, you may have heard of the collapse of crypto platform FTX (and it’s coin FTT), which took not only Sam Bankman-Fried and his friends with them in his fall, but also a bunch of celebrities. American football legend Tom Brady and his former supermodel wife Gisele Bündchen are […]
In retrospect, there’s always a famous person who calls the so-called bottom bell, and for Bitcoin that has just happened yesterday. Interestingly enough, it was done by someone who called the Bitcoin bottom correctly before, so let’s see if he’s right this time again. At the time of writing, Bitcoin trades at $16,900. Financial Crash The […]
