Electric vehicle (EV) adoption has increased in recent years, thanks in part to the popularity of Elon Musk’s Tesla Motors. By 2030, the global number of electric vehicles on the road is projected to reach 125 million as governments around the […]
Just when you think the story of the FTX scandal couldn’t get any worse, unfortunately, it gets even worse. As we reported earlier, the failed crypto exchange FTX used customer money to buy homes for some of its high-ranking employees. Now, […]
As you may recall, we reported last week that the crypto lender Genesis might be the next domino to fall following the implosion of the crypto exchange FTX. On November 16, Genesis suspended withdrawals for its institutional customers. Now, Genesis is warning […]
Before Elon Musk’s ascension, billionaire Jeff Bezos was once the world’s richest person. The company he founded about three decades ago, Amazon, became the first company ever to lose $1 trillion in market value. As such, Bezos a thing or two about the […]
Is Grayscale a ticking timebomb? That’s the question investors in the world’s largest bitcoin fund may have to ask themselves after the firm announced today that it won’t share its proof of reserves with its customers, citing security concerns. In […]
So it begins! Last Tuesday, New York Federal Reserve and global banking giants Citigroup, Wells Fargo, and Mastercard started a Digital Dollar pilot project. It was part of the U.S. government’s efforts to launch the U.S. central bank digital currency (CBDC) and maintain the […]
Most backdoor threats take the form of trojan malware. Cybercriminals use smaller infected files to bypass the scanners and install themselves on the device. Once the compact documents are in the system, cybercriminals use them to retrieve a larger file […]
On November 11, the embattled crypto exchange FTX filed for Chapter 11 bankruptcy protection. Immediately after the news, the disgraced FTX founder Sam Bankman-Fried (also known as SBF) resigned as the CEO of the crypto exchange FTX Group and John […]
With the collapse of FTX’s sister company Alameda Research, a vacuum has been created for other players to make some rather bullish actions. Now one of the leading blockchain industry market makers, DWF Labs has thrown its support for the TON ecosystem. Through […]
While maintaining the façade and appearance of a multi-billionaire, it turns out the disgraced FTX founder Sam Bankman-Fried was bankrupt all along. New court filings revealed that Bankman Fried was using FTX hedge fund Alameda Research as a piggy bank to fund […]
In just a matter of days, FTX founder Sam Bankman-Fried went from crypto white knight to villain. His billion-dollar fortune has collapsed, making it one of the most shocking and sudden financial implosions in modern history. He is facing multiple investigations […]
This is a post by Mark Allen, a General Manager at Identiv, a global leader in digital security and identification in the Internet of Things (IoT). Machine learning is rapidly changing the face and pace of business as we know it. […]
“FTX is fine. Assets are fine,” Sam Bankman Fried said in a tweet on November 7 just four days before crypto exchange FTX filed for Chapter 11 bankruptcy. Virtually no one saw it coming except for a few people in […]
In 2020, we wrote about the US Federal Reserve after the central bank announced a plan to create its own Digital Dollar Wallet in 2021. It was part of the U.S. government’s efforts to launch the U.S. central bank digital currency (CBDC) and maintain the […]
It’s just Tuesday and it’s looking like the repeat of last week. Last week, crypto lender BlockFi suspended withdrawals as fear of insolvency and liquidity crunch spreads across crypto markets. Then this week, BlockFi is preparing for bankruptcy, forming a new […]
As FTX’s house of cards comes crashing back down to earth, it’s now becoming apparent that Sam Bankman-Fried’s crypto exchange is nothing but a shell company launched to funnel and launder money to the Democratic Party and also ensure that […]
Elon Musk didn’t become an overnight billionaire by accident. He not only outworks most people but also outsmarts them with laser-focused execution and achieving results even when all cards are stacked against him. Musk’s work ethic was on display after he tweeted an […]
Disgraced FTX founder and former CEO Sam Bankman-Fried has reportedly listed his $40 million penthouse for sale in the Bahamas. The revelation comes less than a week after Bankman-Fried resigned from the company as the CEO. The 12,000 square-foot penthouse is […]
Amazon is planning to lay off approx. 10,000 employees in corporate and technology jobs starting as soon as this week, the New York Times reported, citing people with knowledge of the matter said. The layoff would be the largest job […]
It’s an epic fall from grace. In just a matter of days, FTX founder and CEO Sam Bankman-Fried (also known as SBF) went from being a multi-billionaire with at least a $16 billion net worth to losing all of his […]
