Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed try to boost $8 billion to rescue the now collapsed crypto trade FTX. In different information, Russian president Vladimir Putin has referred to as for worldwide settlements based mostly on digital currencies. All this and extra just under on this version of the Bitcoin.com Information Week in Assessment.
Kevin O’Leary Reveals How He Virtually Secured $8 Billion to Rescue FTX Earlier than It Collapsed
Shark Tank star Kevin O’Leary, aka Mr. Great, has shared how he and Sam Bankman-Fried (SBF) nearly raised $8 billion from institutional buyers to avoid wasting crypto trade FTX earlier than it collapsed. Nonetheless, when experiences emerged of FTX being investigated by a number of authorities, together with the U.S. Division of Justice (DOJ) and the Securities and Trade Fee (SEC), all buyers vanished.
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Prospects Don’t Look so Sizzling for Sam Bankman-Fried’s Invitation-Solely Crypto Bahamas Occasion
Following the FTX collapse and amid the aftermath, individuals have been questioning in regards to the firm’s Crypto Bahamas convention that was scheduled to occur on April 17-20, 2023, on the unique Grand Hyatt Baha Mar, in Nassau. The occasion deliberate for April 2023 was alleged to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt convention promoters.
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Putin Requires Worldwide Settlements Primarily based on Blockchain and Digital Currencies
Russian President Vladimir Putin believes a brand new system for worldwide cash transfers is required to cut back dependence on large banks and third events. He’s satisfied that cross-border funds counting on digital foreign money and distributed ledger know-how will likely be “far more handy.”
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Robert Kiyosaki: I’m Nonetheless Bullish on Bitcoin — Crypto Can’t Be Blamed for FTX Collapse
The well-known writer of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, remains to be bullish on bitcoin regardless of the collapse of crypto trade FTX. He burdened that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.
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