Sam Bankman-Fried, the former Chief Executive Officer of FTX, reveals what truly happened in the days leading up to the company declaring bankruptcy. Also, he gives reasons why the exchange only permitted withdrawals for Bahamian users. Bankman-Fried argues in a phone chat with cryptocurrency blogger Tiffany Fong on Nov.16 that he decided to allow withdrawals […]
While authorities are still investigating the FTX collapse, the cryptocurrency YouTuber known as Ben “Bitboy” Armstrong decided to take matters into his own hands and went all the way to the Bahamas to look for the failed CEO Sam Bankman-Fried. According to reports, the YouTuber camped outside of Bankman-Fried’s apartment complex, hoping to get a […]
Federal Reserve Chairman Jerome Powell reiterated this Wednesday that smaller interest rate rises are inevitable, however, Powell revealed that the SEC is planning on significantly slowing interest raises from December onward. Despite announcing that country’s battle against inflation is “far from over”, the chairman confirmed that the Commission will begin the next step, by slowing […]
