Sam Bankman-Fried Is Reportedly Selling His Luxury Penthouse
The former FTX CEO Sam Bankman-Fried is rumored to be selling his luxury 12,000-square-foot penthouse in Albany Resort on the New Providence island in the Bahamas where the failed crypto exchange company FTX was headquartered. While the listing has been up since at least May 6, 2021, based on a Wayback Machine archive, the property […]
World Economic Forum Deletes Page Referencing FTX As A Partner
It appears that the World Economic Forum is cutting ties with what is left of the crypto exchange FTX, following the events of last week that ultimately culminated in a Chapter 11 bankruptcy filing and the resignation of co-founder and CEO Sam Bankman-Fried. The World Economic Forum, or WEF as its commonly known, has deleted […]
A Profitable Solution To The Emissions Problem? — With Grant Smith
Returning to The Daily Dive today is Grant Smith, CEO of Pond Technologies (TSXV: POND). Grant joins us to provide his outlook on the carbon trading market scheme presented by John Kerry at the COP27, and his read on the global algae protein market which is estimated to reach $1.2 billion by 2027. He also […]
Binance’s CZ Is Fulfilling What FTX’s SBF Set Out To Do In The Crypto World
Once called the “crypto Robin Hood” with “savior complex,” FTX’s Sam Bankman-Fried wanted to save victims of crypto Ponzi schemes. That is, until he inadvertently became one. Call it a blessing in disguise, but the implosion of FTX due to liquidity crunches that can’t handle massive withdrawals seems to be the inspiration for fellow crypto […]
Twitter Reportedly Cuts Majority Of Contractors Without Warning
Around 4,400 of Twitter’s about 5,500 contract workers were suddenly terminated over the weekend. This round of cuts, which was first reported by Platformer’s Casey Newton, involves both US-based and global contract employees working in content moderation, real estate, marketing, engineering, and other departments. Newton, who first reported about the cuts on Saturday evening, also […]
After FTX, Is Crypto.com Next?
The exchange withdrew $80 million in USDC from Binance to pay withdrawals as its token CRO slumps amid the FTX crash After the crypto industry suffered from the collapse of yet another major exchange, the investing public is growing increasingly wary on the other players in the space. Between placing money to legitimize the industry […]
Germany Nationalizes Gazprom’s Energy Arm SEFE
The European Commission approved Germany’s plan to nationalize Gazprom-owned energy giant SEFE Securing Energy for Europe, in an effort to alleviate the region’s natural gas supply woes. Germany will take a 100% ownership in SEFE— a former supply unit of Gazprom previously known as Gazprom Germania, announced the country’s Economy Ministry on Monday. The European […]
Musk-ception: SpaceX Places “Takeover” Ad Campaign On Twitter To Promote Starlink
But Elon Musk says it’s a “tiny” package just to test competition Twitter users are expected to see Starlink’s brand messaging for the first three times they open the app on a day as Elon Musk’s SpaceX purchased one of the larger advertising packages on the social media platform. SpaceX has reportedly placed an advertising […]
Trillion Energy Begins Production At First Well Drilled Under Multi-Well Program
Trillion Energy (CSE: TCF) has begun production at its most recently drilled well. The firm this morning revealed that the South Akcakoca-2 well has entered production, with gas sales already underway. Initial production rates at the well are pegged at 3.0 MMcf/d, which is based on production that occurred from November 4 through to November […]
Novo Resources Sees Losses Widen In Q3 Amid Beatons Creek Impairment Charges
There’s nothing quite like a Friday night earnings release. Novo Resources (TSX: NVO) on Friday evening reported its third quarter financial results, posting revenue of $28.0 million for the last quarter of production at its Beatons Creek Project. Revenue for the quarter came via the sale of 12,426 ounces of gold, an improvement over the […]