Collapse

The U.S. economy won't collapse under the "weight" of the Fed based on how these sectors perform despite inflation and oil risks

The U.S. economy won’t collapse under the “weight” of the Fed based on how these sectors perform despite inflation and oil risks

Investors are trying to read the tea leaves on a choppy U.S. stock market to gauge whether its recent rise can continue after Federal Reserve Chairman Jerome Powell sparked bullish sentiment in late November by indicating that his aggressive stock hikes interest rates could slow. “Stock market management is telling you that the economy is …

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How the Collapse of Sam Bankman-Fried's Crypto Empire Disrupted AI

How the Collapse of Sam Bankman-Fried’s Crypto Empire Disrupted AI

SAN FRANCISCO — In April, a San Francisco artificial intelligence lab called Anthropic raised $580 million for research into “AI security.” Few people in Silicon Valley had heard of the year-long lab, which builds AI systems that generate language. But the amount of money promised to the small company dwarfed what venture capitalists were pouring …

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Total Crypto Market Cap Hits $850 Million As Bitcoin, Altcoins Recover From FTX Collapse

Total Crypto Market Cap Hits $850 Million As Bitcoin, Altcoins Recover From FTX Collapse

The total cryptocurrency market capitalization has gained 2% in the past seven days, reaching $850 billion. Even with the positive move and ascending channel initiated on November 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%. Total crypto market capitalization in USD, 4 hours. Source: Trading View Bitcoin (BTC) price also only …

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Miami Nightclub Owners Mourn Loss of 'Crypto Nerds' After FTX Collapse

Miami Nightclub Owners Mourn Loss of ‘Crypto Nerds’ After FTX Collapse

Nerdy crypto entrepreneurs who spent big in Miami nightclubs, flooding customers with cash as they ordered ‘bathtubs of champagne’ and sang along with rappers like 50 Cent, have gone quiet, owners said of South Florida locations. The sudden collapse of cryptocurrency exchange FTX and the plummeting value of digital coins has Miami nightclub owners dreaming …

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A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

Dozen Digital Assets Post Double-Digit Gains as Crypto Markets Begin to Recover After FTX Collapse

As of this writing, the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, November 27, 2022. Bitcoin prices have consolidated since the start of the week, as seven days indicate that the price of bitcoin fell by 0.02% this week. Meanwhile, as bitcoin prices remain static, a number of alternative crypto assets …

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Crypto Biz: Institutions Short Bitcoin as SBF 'Deeply Sorry' for FTX Collapse

Crypto Biz: Institutions Short Bitcoin as SBF ‘Deeply Sorry’ for FTX Collapse

FTX’s monumental collapse will go down as one of the greatest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX wrote a letter to his former employees outlining his role in the company’s bankruptcy. “I never wanted this to happen,” he wrote. …

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'Betrayed': FTX Collapse Signals End Crypto's 'Wild West' Days

‘Betrayed’: FTX Collapse Signals End Crypto’s ‘Wild West’ Days

Boston, United States – FTX used to be one of the largest cryptocurrency exchanges in the world – until earlier this month it collapsed within days. In the wake of the collapse of Sam Bankman-Fried’s crypto empire, increased government oversight and calls for tougher regulation threaten to spell the end of the freewheeling Wild West …

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FTX Collapse: Inside Sam Bankman-Fried's $40 Million Luxury Bahamas Bunker

FTX Collapse: Inside Sam Bankman-Fried’s $40 Million Luxury Bahamas Bunker

Former Uber chief commercial officer Emil Michael discusses the collapse of FTX and the viability of the crypto industry. FIRST ON FOX: After allegedly robbing up to a million investors for billions of dollars worldwide, Fallen FTX crypto king Sam Bankman-Fried hides in an ultra-luxurious Bahamas resort, behind concrete walls and guarded checkpoints, a world …

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Who is Caroline Ellison and how did she end up at the center of FTX's collapse?

Who is Caroline Ellison and how did she end up at the center of FTX’s collapse?

“The Wolf of Wall Street” Jordan Belfort joined “Maria Bartiromo’s Wall Street” to discuss the fallout from FTX’s collapse and the scrutiny facing A-list celebrities and the SEC Chairman. The collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange has led to increased attention on the role played by Alameda Research and its CEO Caroline Ellison in …

Who is Caroline Ellison and how did she end up at the center of FTX’s collapse? Read More »