Archive: sam bankman-fried

Crypto Market Musings Back in December, I dug into the concept of “effective altruism,” or the goal of making as much money as possible to maximize philanthropic impact. Sam Bankman-Fried (SBF), founder of fallen crypto exchange FTX, was one of its biggest proponents. Ironically, in the mess following the collapse of his exchange, SBF is now asking for his money back. According to The New York Times…
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Between FTX’s collapse and Binance’s current problems — which I wrote about for Early Investing this week — it’s clear that large centralized exchanges have become pain points in the crypto ecosystem. There are good reasons to…

Crypto Regulations Are on the Horizon

By Vin Narayanan on December 14, 2022

I had planned on writing about startups today. A major scientific breakthrough in fusion happened this week. The implications for humanity and startups are astounding. But then two massive crypto stories broke, so startups (and fusion) will have to wait.

SBF and the Fear of Future AI Overlords

By Olivia Strobl on December 9, 2022

Crypto Market Musings Over the past week, bitcoin and ethereum have begun to stabilize following the spectacular collapse of FTX and the fall of crypto tycoon Sam Bankman-Fried (SBF). BTC prices have hovered around $17,000, and ETH prices have hovered around $1,300. According to…

What DeFi Needs to Mature Into a Thriving Ecosystem

By Vin Narayanan on December 2, 2022

Crypto Market Musings There are two things driving the market right now: FTX collateral damage and potential interest rate hikes. Every time an FTX domino falls — like BlockFi declaring bankruptcy a few days ago — crypto…
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Angel Insider: Investing Lessons From the FTX Disaster

By Early Investing on November 29, 2022

The FTX disaster is still getting top billing in the financial press these days. The crypto exchange — which was backed by major venture capital (VC) investors — collapsed after news broke that founder Sam Bankman-Fried had been secretly moving customer money to his trading firm and blowing…
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Crypto Insider: FTX News Goes From Bad to Worse

By Early Investing on November 28, 2022

The bad news about FTX just keeps coming. Sam Bankman-Fried, or SBF, told CNBC he is still trying to lock down a multibillion-dollar deal to bail out his bankrupt crypto exchange — a deal that seems highly unlikely to happen given SBF’s tarnished reputation. And we recently found…
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FTX and the Crypto Regulations Still to Come

By Vin Narayanan on November 21, 2022

It’s been a crazy couple of weeks in the crypto market as it tries to sort through the fallout of crypto exchange FTX filing for bankruptcy. For a more detailed account of how it happened, please read this update I wrote…
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Stargate Finance Still Has a Shot at Success

By Vin Narayanan on November 18, 2022

I like to have the TV on while I write. The background noise helps my mind focus. And because I have YouTube TV, I can record almost anything I want and watch/listen to it later. Earlier this week, I put Meet the Press…

Crypto Markets Spiral on FTX’s Bankruptcy News

By Vin Narayanan on November 16, 2022

Someday, there will be a Netflix documentary about Sam Bankman-Fried. SBF — as he’s known in crypto circles — was worth more than $14 billion about 10 days ago. Today, the founder and former CEO of popular crypto exchange FTX is bankrupt. SBF’s stunning fall from grace is…
Sam Bankman-Fried, CEO of the FTX crypto exchange and a very popular figure in the crypto community, has lost nearly 94% of his total wealth. FTX was having liquidity problems, so Binance stepped in to acquire the struggling exchange. The Bloomberg Billionaires Index assumes that existing FTX investors…

There Is No Crypto “Contagion”

By Vin Narayanan on July 8, 2022

Crypto Market Musings Crypto’s recent correlation with the stock market is finally paying dividends. The stock market is rallying — and so is crypto. As of this writing, bitcoin is up almost 11% over the last five days and is trading…
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Keep an Eye on FTX Token

By Adam Sharp on September 10, 2021

FTX Token (FTT) is the native currency of the FTX crypto exchange. FTX is a very fast-growing and profitable exchange founded by 29-year-old billionaire Sam Bankman-Fried. Bankman-Fried is pretty much the Midas of the…