What Do Sam Bankman-Fried’s Cryptic Tweets Mean?
On November 14, former FTX CEO Sam Bankman-Fried posted a series of cryptic messages over a period of about 14 hours. The first one was ‘What,’ followed by single-letter tweets spelling out H-A-P-P-E-N-E-D, and then a disclaimer warning that his memory “might be faulty in parts.” Bankman-Fried, also known as SBF, was interviewed by the […]
Swarmio Adds Distribution Partner For Gaming Platform In Bid To Expand Middle East Presence
Swarmio Media (CSE: SWRM) this morning expanded its wholesale distribution network. The company has partnered with WestBridge Telecom in a bid to expand its presence within the Middle East and North Africa. The arrangement consists of a distribution agreement with WestBridge, whom is a wholesale provider of telco products in the US, Asia, Africa and […]
“Gold Stocks Bottom Every 7 Years” – With David Erfle
Joining us on The Daily Dive today is David Erfle, founder of JuniorMinerJunky.com. He joins us today to share his insights on crypto after the fall of FTX, his takeaways on the October CPI, and what’s next for the Fed. David also shares his outlook on junior mining and gold, before we close out the […]
In A Nutshell: How FTX Fell From Grace, According To Sam Bankman-Fried Himself
Much has been said about crypto exchange FTX and its embattled leader Sam Bankman-Fried on their downfall, taking most of the crypto industry with it. Currently, the firm is in the process of filing for bankruptcy, where around one million creditors are expected to chase the liquidation. Bankman-Fried has already stepped down from management and […]
US Producer Prices Slow in October as Inflationary Pressures Show Signs of Abating
US producer prices eased in October by more than market expectations, suggesting that inflationary pressures are finally starting to abate thanks to the Fed’s aggressive tightening cycle. The producer price index for final demand rose 0.2% from September and 8% from October 2021, marking the smallest year-over-year gain in over 12 months. Economists polled by […]
Texas Gigafactory Construction Workers To Sue Tesla Over Alleged Employment Violations
To misrepresent the famous Field of Dreams line: “if you build it, suits will come.” Tesla (Nasdaq: TSLA) is set to face yet another lawsuit, this time from the construction workers who built the carmaker’s massive gigafactory in Austin, Texas. The employees will submit a complaint and a case referral with the federal Department of […]
Ikigai Fund Caught In The FTX Blackhole, Got “Very Little” Out Of Withdrawal Attempts
“I’m pretty disgusted with the space as a whole…So many f*cking sociopaths were granted the opportunity to do so much damage,” the fund manager tweeted. Ikigai Asset Management’s Travis Kling disclosed that the crypto fund had a “large majority” of its assets on the bankrupt crypto exchange FTX. “Last week Ikigai was caught up in […]
BlockFi Discloses FTX Exposure, Alameda Loans As Withdrawals Still On Pause
The FTX implosion continues to unravel the web of mysteries that apparently shroud the crypto industry. Crypto lender BlockFi just disclosed that it has positions in the now bankrupt exchange and extended loans to its sister hedge fund Alameda Research. In refuting rumors that “a majority of BlockFi assets are custodied at FTX,” the BlockFi […]
FTX’s Auditors Apparently Could See No Holes In The Failed Crypto Exchange’s Story
New revelations seem to be issued daily about the collapse of the crypto exchange FTX. However, one issue which has received little attention is who were the auditors which signed off on what now appear to be the fictitious books of FTX and FTX.US. It seems that the auditing firm Prager Metis worked with FTX Trading […]
Kontrol Technologies Cancels 2022 Guidance, Sees Revenue Fall 31% Sequentially
2022 appears to be the year that wasn’t for Kontrol Technologies (NEO: KNR). The firm this morning cancelled previously issued guidance after their third quarter results demonstrated that the prior estimates would simply be unachievable. Revenue for the third quarter came in at $19.9 million, a 31.8% decrease over the second quarters revenues of $29.1 […]