30-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world’s largest cryptocurrency, saying it has no future as a payments network in an interview with the Financial Times today. Bankman-Fried is CEO and co-founder of FTX, the second-most popular digital asset exchange by trading volume, according to CoinMarketCap. “The...
It’s been a merciless year for Robinhood. The twin dives of stocks and bitcoin have squashed the web-based business’ deals. The organization additionally detailed a misfortune and drop in clients. The stock has dove 40% this year and Robinhood as of late reported a major round of cutbacks. In any...
The Binance crypto exchange founder that became a multibillionaire at breakneck speed called for a new sense of humility in the community and a renewed focus on — ahem — offering actual value following this week’s brutal sell-off in digital currencies. Known simply as CZ, he cautioned his followers the...
A new super PAC funded mostly by a young cryptocurrency billionaire is spending tens of millions of dollars on Democratic candidates running for Congress in hopes of creating a new caucus of pandemic experts in the House of Representatives. The group, Protect Our Future PAC, has spent more than $22...
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...
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks at the company’s event in Bengaluru, India, on Thursday, April 7, 2022. © 2022 Bloomberg Finance LP Fortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction—down. The...
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...
MIAMI, FLORIDA – JUNE 04: MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. (Photo by Joe Raedle/Getty Images) Getty Images Crypto investors are reeling from the recent market downturn, but...
American market maker Citadel Securities is poised to enter cryptocurrency markets this year. Speaking on Bloomberg Wealth with David Rubenstein, Citadel founder Ken Griffin commented on the current state of markets in light of recent geopolitical conflicts, stating that they are at a “very volatile inflection point.” When the interview turned...
Bitcoin Foundation Chairman Brock Pierce weighs in on what he believes will happen to crypto. Bitcoin Foundation Chairman Brock Pierce compared cryptocurrencies to the dot-com bubble of 1999 and 2000 on Monday as bitcoin dropped to its lowest level since July 2021. Pierce made the comparison on “Cavuto: Coast to Coast” as bitcoin...
