FTX Invested In A Small Washington Bank, But Why?
Following the signing of FTX’s chapter 11 bankruptcy, the failed crypto mogul Sam Bankman-Fried has been going around town to explain his side and attempt restore his reputation. But, documents never lie. In the bankruptcy proceedings, one of the assets revealed to be owned by FTX is the curiousity-inducing small bank in the state of […]
Real Estate Crash En Route? Experts Call for 17.5% Peak to Trough Drop in Canadian Home Prices
Canadian home prices are slated for a major landslide drop of at least 17.5% from peak levels, thanks to the Bank of Canada’s relentlessly aggressive rate hikes that brought mortgage rates to nearly 5% within a span of eight months. According to market analysts surveyed by Reuters in November, Canada’s housing market is barreling towards […]
The De-Dollarization Frenzy: China Covertly Buying Gold to Reduce US Dollar Exposure
The West’s sanctions against Russia are backfiring, particularly for the US dollar, which is slowly but surely losing its grip on global dominance. After witnessing western nations unilaterally freeze Russia’s foreign assets in response to Moscow’s military operation in Ukraine, central banks have been boosting their gold reserves so the same thing doesn’t happen to […]
The Congo Line: Government-Rebel Clash Escalates In A Battle For Mineral-Rich Lands
More than two million Congolese facing food and gasoline shortages are caught between the battle lines. The eastern side of the Democratic Republic of Congo has seen the long-standing ethnic tensions spark into the most deadly violence in a decade as warring militias battle for control of the territory and its mineral wealth. The M23 […]
Twitter’s Technical Issues Will Likely Send Remaining Advertisers Packing
Twitter has a lot of problems and not enough people to fix them. Since Elon Musk took over the social media company in late October, the size of its workforce has shrunk dramatically — half have been laid off, the majority of its executives and contractors have been cut, and thousands reportedly left after the […]
Sam Bankman-Fried’s FTX Staff Letter: Last-Minute Billion-Dollar Funding Offer, Buying Out Binance
It looks like FTX’s Sam Bankman-Fried isn’t done “explaining” his side on how the bankrupt crypto exchange came crashing down. In a what seems to be his apology letter to the staff circulating, he once again painted the scenario as an onslaught of external factors as opposed to a crypto Ponzi scheme as how some […]
Failed FTX CEO Sam Bankman-Fried Will Be Speaking at the NYT DealBook Summit Next Week
Sam Bankman-Fried is set to make his first public appearance at the New York Times DealBook Summit on Wednesday, November 30, since he filed for bankruptcy following liquidity problems at FTX, the crypto exchange that he founded and led to ruin. At the event, he will be interviewed by Dealbook founder and editor-at-large Andrew Ross […]
iPhone Maker Foxconn Apologizes For Hiring Errors Leading To Deadly Protest, Offers $1,400 To Disgruntled Workers
Taiwan-based electronics company Foxconn Technology Group–more commonly known as one of Apple’s iPhone manufacturers–is facing employees who staged a rare violent protest at the firm’s plant in Zhengzhou city on Wednesday, focusing attention on the economic and social costs of Xi Jinping’s Covid Zero plan. Workers stated in social media videos that they were informed by […]
What Happens to Gold & Silver After Rate Hikes Slow? — With Lior Gantz
Joining us today on the Daily Dive is Lior Gantz, CEO of Wealth Research Group. Lior sits down with us today to share his thought on the cryptocurrency community after the FTX collapse, his read on the Fed’s next possible move, and the impact of major companies’ mass layoffs. He also shares his insights on […]
Binance’s Zhao Aims To Raise $1 Billion For Recovery Fund, Seeks Middle East Cash
First stop in crypto industry recovery: Voyager Binance CEO Changpeng Zhao is aiming for a $1 billion fund for the possible purchase of troubled assets in the digital-asset sector. “If that’s not enough we can allocate more,” Zhao said in an interview with Bloomberg Television. This comes on the heels of reports saying Zhao and […]