Sam Bankman-Fried doesn’t see a future for bitcoin as a payments network, per an FT interview Monday. The proof-of-work system that manages bitcoin can’t scale to handle millions of transactions, he said. But Bankman-Fried said he believed bitcoin still has a future as an asset and store of value, like...
For many years, cryptocurrencies were relatively immune to the movements of traditional equity, bond and commodity markets thanks to the markets’ relative size. Over time, the theory emerged that bitcoin would be a handy hedge against inflation, thanks to its 21 million supply cap which creates scarcity as demand increases....
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Breaking: Terra blockchain officially halted...
Mr. Bankman-Fried spent much of Crypto Bahamas shuttling back and forth from his laptop to the convention stage. Even his mother, Barbara Fried, had trouble getting time alone with him: As she tried to catch his eye one afternoon, a blockchain bro in a polo shirt cornered Mr. Bankman-Fried, asking...
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Robinhood shares jumped 22% on Friday, a day after the CEO of a...
When an aide told me that “one of our drivers” would pick me up for my lunch with Sam Bankman-Fried, I imagined a hulking black SUV of the kind that shuttles high rollers to and from the casinos in Nassau, where the 30-year-old crypto billionaire lives. Instead, it’s a modest...
Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried, the CEO of crypto...
UNITED STATES – DECEMBER 8: Sam Bankman-Fried, founder and CEO of FTX, testifies during the House Financial Services Committee hearing titled Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States, in Rayburn Building on Wednesday, December 8, 2021. (Photo By...
Cryptocurrency exchange FTX has already made its play for sports fanatics, and now it’s chasing another unlikely realm for crypto converts: the glossy-magazine world of high fashion and beauty. The trading platform, which currently serves an industry dominated by white millennial men, this week revealed a campaign with newly appointed social...
Gisele Bündchen might be an unexpected person to emerge as one of the leading women in crypto right now. The internationally recognized supermodel and businesswoman has always had a passion for sustainability, serving as the UN Environment Program’s Global Goodwill Ambassador for over a decade and using her voice, influence...
