Fun

Bankman-Fried’s Lavish Lifestyle Allegedly Revealed, Cuban Warns of Wash Trade Implosion, Experts Expect Soaring Gold Prices in 2023 — Week in Review

News Feed - 2023-01-15 11:01:51

Bankman-Fried"s Lavish Lifestyle Allegedly Revealed, Cuban Warns of Wash Trade Implosion, Experts Expect Soaring Gold Prices in 2023 — Week in Review


More information has come to light allegedly revealing the lavish lifestyle of FTX co-founder and “altruist” Sam Bankman-Fried, as the failed former crypto exchange CEO also fights for Robinhood shares he says he needs more than customers. In other news, Shark Tank star Mark Cuban has warned that a crypto implosion could come from “the discovery and removal of wash trades” on exchanges. Finally, experts have predicted gold prices will soar in 2023. All this just below in the latest Bitcoin.com News Week in Review.


FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents


Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living accommodations, hotels, food, and flights. Moreover, SBF’s quantitative trading firm allegedly owes more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville, after Alameda and FTX executives occupied 20 suites for a few months last year.


Read More


SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’


Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX customers, on the other hand, “face only the possibility of economic loss,” SBF’s court filing states.


Read More




Billionaire Mark Cuban Warns of Next Crypto Implosion Coming From Wash Trades


Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, has warned that the next crypto implosion could come from “the discovery and removal of wash trades” on centralized exchanges. The billionaire’s comments followed the collapse of crypto exchange FTX which wiped out billions of dollars of customer funds.


Read More


Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal


Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy at MKS Pamp Group, there is a “decent amount of bullish ‘pent-up’ demand that has been carried over from last year” for gold.


Read More Tags in this story Centralized Exchanges, crypto implosion, gold, gold price predictions, Lifestyle, Mark Cuban, Robinhood shares, Sam Bankman-Fried, sbf, wash trades


What are your thoughts on this week’a hottest stories from Bitcoin.com News? Be sure to 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. Robert Kiyosaki: SEC Will "Crush" Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review THE WEEKLY | Jan 8, 2023 Gold, Silver, and Oil Predictions; Ellison"s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review THE WEEKLY | Jan 1, 2023


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUkraine’s Tascombank Pilots Stellar-based E-hryvnia Next articleFormer President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread 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 ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Ana Paula Pereira7 hours agoEther Futures ETFs could all get approval at same time: ReportAt least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval in the United States.1943 Total
Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’
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
Bitcoin Fog crypto mixer founder guilty of money laundering, jury finds
Felix Ng8 hours agoBitcoin Fog crypto mixer founder guilty of money laundering, jury findsRoman Sterlingov is the latest to fall to a U.S. government crackdown on illicit crypto-mixing services, but his lawyers aren’t
Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
Brayden Lindrea6 hours agoCrypto exchange FTX gets nod to sell $873M of assets to repay creditorsNearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, t
Bitcoin seen following stocks as BTC price gains 2.5% to attack $61K
William Suberg13 hours agoBitcoin seen following stocks as BTC price gains 2.5% to attack $61KBitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range?1820 Total views
Uniswap DEX to launch web wallet extension
Zhiyuan Sun5 hours agoUniswap DEX to launch web wallet extension"No more pop-ups. No more transaction windows," developers wrote.982 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto h
Japan’s Messaging Giant Line Introduces Crypto Lending Services
Japan"s Messaging Giant Line Introduces Crypto Lending ServicesBack in the summer of 2018, the Japanese messaging giant, Line Corp., launched a cryptocurrency exchange with over 30
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72 After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-conve
US Senator: Signature Bank Collapsed Because It Embraced Crypto Customers Without Sufficient Safeguards
US Senator: Signature Bank Collapsed Because It Embraced Crypto Customers Without Sufficient Safeguards U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it
Aussie corporate regulator to build ‘outcome-based’ crypto policies
Arijit Sarkar15 hours agoAussie corporate regulator to build ‘outcome-based’ crypto policiesASIC Commissioner Alan Kirkland highlighted the need to solve the “regulatory trilemma” when it comes to financial innov
Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum
Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets
Turner Wright8 hours agoNYDFS calls for public feedback on proposed crypto regulatory guidanceThe proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token pr