Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed try to boost $eight billion to rescue the now collapsed crypto trade FTX. In different information, Russian president Vladimir Putin has referred to as for worldwide settlements primarily based on digital currencies. All this and extra just under in this version of the Bitcoin.com Information Week in Overview.
Shark Tank star Kevin O’Leary, aka Mr. Fantastic, has shared how he and Sam Bankman-Fried (SBF) virtually raised $eight billion from institutional traders to save lots of crypto trade FTX earlier than it collapsed. Nonetheless, when stories emerged of FTX being investigated by a number of authorities, together with the U.S. Division of Justice (DOJ) and the Securities and Alternate Fee (SEC), all traders vanished.
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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 speculated to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt convention promoters.
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Russian President Vladimir Putin believes a brand new system for worldwide cash transfers is required to scale back dependence on massive banks and third events. He’s satisfied that cross-border funds counting on digital foreign money and distributed ledger expertise will likely be “rather more handy.”
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The well-known creator of the best-selling guide Wealthy Dad Poor Dad, Robert Kiyosaki, remains to be bullish on bitcoin regardless of the collapse of crypto trade FTX. He confused that the cryptocurrency can’t be blamed for the actions of former FTX CEO Sam Bankman-Fried.
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