Finance News

Sam Bankman Fried has plans to open a new business. In an interview with BBC Bankman, Fried was questioned whether he has plans to start a new business to give back to FTX investors and customers. Bankman Fried replied, “I would give anything to be able to do that. And I’m going to try if I can.” He went on, “I’m going to be thinking about how we can help the world, and if[…]

An economist and co-winner of the Nobel Prize in 2022, Ben Bernanke shares his view on crypto. Bernanke’s Nobel Prize win was in the realm of economics due to his research on banks and the financial crisis. Due to the current state of the market, Bernanke has what to say to the public.  On December 7th, in an interview published by the Swedish journal Dagen Nyheter Bernanke mentioned that cryptocurrencies are not a threat.[…]

According to the “Global Crypto Industry Overview and Trends,” of 2022-2023 cryptocurrency, centralized exchanges have become popular in the following places. Twenty-two percent of the activity on centralized exchanges comes from the U.S., South Korea, and Russia.  The report from Huobi Research is one that published annually. It is supported by information from the top 100 CEXs regarding active users, trading depth, trading volume, and stability. The United States is the leader and holds[…]

Jim Cramer, the host of the Mad Money show, advised crypto investors to get rid of their crypto assets. His advice came after the collapse of the well-known crypto exchange FTX. Former hedge fund manager Cramer is a co-founder of the financial news and education website Thestreet.com. On Monday, Jim Cramer said, “You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it is never too late[…]

Sam Bankman Fried suffered major losses in the recent crypto crash; here is your guide to the full story. When it came to the crypto market, Sam was a paragon. With his efforts to make his cryptocurrency exchange a household name, Mr. Bankman-Fried, better known as SBF, rose to fame. Sam Bankman Fried The eccentric, messy appearance of the 30-year-old billionaire gave his audience an impression of genius. Investors in venture capital joined in. Famous[…]

Sam Bankman-Fried (SBF), the co-founder and CEO of FTX, sat down for an interview with Andrew Ross Sorkin, the host of the New York Times (NYT) Dealbook Summit. The interview with Dealbook came a day after the crypto supporter and reporter Tiffany Fong interviewed SBF. At the conference, SBF questioned whether criminal charges were a concern for him.  Bankman-Fried answered, “There’s a time and a place for me to think about myself and my[…]

Elon Musk has specified more reasons as to why his Twitter Deal should be officially terminated. To give further notice of the agreement’s termination, Musk’s attorney filed a letter he sent to Twitter with the U.S. Securities and Exchange Commission (SEC) on Monday. On July 8, Elon Musk officially ended the Twitter deal worth $44 billion. Before terminating the agreement, Twitter sued the Spacex boss, forcing him to sign the deal. This led to[…]

The bitcoin beach, in El Zonte, El Salvador, will soon be getting some infrastructure upgrades by the country’s government. The beach is famous for using bitcoin to create a circular economy in the area. The funds will be used to construct a new set of facilities for tourists to enjoy. In regards to the execution of the investments. President Nayib Bukele said. “EL Zonte for many is known as Bitcoin Beach; we are going[…]