Just days ago, Bloomberg estimated 30-year-old Sam Bankman-Fried’s (SBF) personal wealth at an astonishing $16 billion. Now, the disgraced FTX founder is essentially bankrupt, and if there is a shred of justice in the world, soon headed for prison…
Crypto’s Crash: 100-to-1 Leverage Goes Poof!…
Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded…
Facebook’s Digital Currency Project Just Got a Lot Less Audacious…
Remember Libra, Facebook’s plan to create a global digital currency? Unveiled last June, it was immediately met with resistance from policymakers and central bankers around the world. So, the team went back to the drawing board, and today it re-emerged with a new vision—one that is a lot less audacious than the original. Here are […]