Fun

Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review

News Feed - 2022-12-04 09:12:34

Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review


Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Putin has called for international settlements based on digital currencies. All this and more just below in this edition of the Bitcoin.com News Week in Review.


Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed


Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, including the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), all interested investors vanished.


Read More


Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event


Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters.


Read More




Putin Calls for International Settlements Based on Blockchain and Digital Currencies


Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.”


Read More


Robert Kiyosaki: I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse


The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin despite the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be blamed for the actions of former FTX CEO Sam Bankman-Fried.


Read More Tags in this story bahamas, Bitcoin, Bullish, crypto event, Digital Currencies, ftx, kevin o"leary, Putin, robert kiyosaki, Russia, Sam Bankman-Fried


What are your thoughts on this week’s stories? Let us know in the comments section below. Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Vitalik on Suspect Centralization, FTX"s "Absolute Fraud," Coinbase Confirms Bitcoin Holdings — Week in Review THE WEEKLY | Nov 27, 2022 Bankman-Fried"s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review THE WEEKLY | Nov 20, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial credit: plavi011 / Shutterstock.com Previous articleBitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users’ Assets Safeguarded With at Least 1:1 Reserve Ratio Next articleAddresses That Sat Idle for Years Transferred 1,221 Bitcoins Worth $20M Over the Last 4 Days Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItSEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale


Grayscale Investments" CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is "a Matter of When and Not ... read more.UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

William Suberg25 minutes agoMining BTC is harder than ever — 5 things to know in Bitcoin this weekBitcoin wakes up to near $28,000 ahead of a jump to a new BTC mining difficulty record as billionaire investor Ray Dalio
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russi
David Attlee11 hours agoRon DeSantis’ falling polls: Could crypto lose its candidate?The politician faces harsh competition from pro-crypto candidates of all sorts, with his already shaky popularity in the polls declin
William Suberg10 hours agoBitcoin puzzles traders as BTC price targets $40K despite declining volume“Something doesn’t feel right” about the latest BTC price uptick, a warning tells traders, as Bitcoin open interes
Derek Andersen5 hours agoRipple, Onafriq partner for new payment corridors for Africa, UK, Australia and GulfThe deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partn
Tom Blackstone4 hours agoStake hack of $41M was performed by North Korean group: FBIAfter investigating, the FBI concluded that the hack of crypto gambling site Stake was carried out by North Korean hackers Lazarus Group
Ezra Reguerra14 hours agoExploits, hacks and scams stole almost $1B in 2023: ReportCybersecurity firm CertiK reported that as of August, over $997 million was lost to flash loan attacks, exit scams and exploits in 2023.1
China’s Research Institute Updates Crypto Ranking — Review Affected by Pandemic
China"s Research Institute Updates Crypto Ranking — Review Affected by PandemicChina’s Center for Information and Industry Development has published its latest crypto projec
Nvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’
Tristan Greene7 hours agoNvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’We’re entering the “third wave” of AI and the era of mechanical humanoids, according to Nvidia.1482 Total view
Polygon zkEVM down due to issues with blockchain sequencer
Ciaran Lyons4 hours agoPolygon zkEVM down due to issues with blockchain sequencerThe crypto community has been pondering on social media about the ongoing downtime, while Polygon assures its users that it is actively wor
Ethereum Exchange Exodus Deepens: $380M Withdrawn As Crucial Support Level Emerges
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Arijit Sarkar54 minutes agoMixin Network hack drains $200M from mainnet assetsMixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.”688