Judging by the glass-half-full price action this week, the worst of the damage from FTX’s historic collapse may be behind us—but this being crypto, nothing is certain. This week, heads turned towards crypto prime broker Genesis, which recently suspended withdrawals on its lending side due to the fact that its derivatives business had $175 million exposure to FTX. Crypto trader…
This is a recording of a recent Twitter Spaces with the Bitcoin Magazine Pro team and Mark Moss to break down the FTX implosion and how it relates to the global macro environment. Listen To This Twitter Spaces: Dylan LeClair: In regards to GBTC, one of the things that I saw, which makes total sense, I’d never thought of this:…
It turns out Sam Bankman-Fried wasn’t “the next Warren Buffett.” Just six months ago I was in The Bahamas at the FTX/SALT conference, where Sam was treated like Taylor Swift. He chatted onstage with Bill Clinton, Tony Blair, and Gisele Bundchen. Posed for selfies with admirers. Interviewed Tom Brady about the art of winning—and found time to make some TikTok…
This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and a Bitcoiner. I find it tragic to note the number of people in the U.S.A. who are being forced by the Federal Reserve’s monetary policy to take risks with their hard-earned capital. Those of us fortunate enough to already possess wealth are buying overpriced…
Following the collapse of cryptocurrency exchange FTX, Crypto Twitter influencers are converging on the Bahamas in search of former chief executive Sam Bankman-Fried. The now-bankrupt exchange has been headquartered in the Bahamas since September of last year and operated out of a luxury penthouse at the Albany Resort, a gated community located on the island of New Providence. The neighborhood…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Izabella Kaminska, editor at the Blind Spot and former editor at the Financial Times, to talk about how she realized that Bitcoin is an important piece of the puzzle for humanity to move forward and continue innovating. Watch…
Brick-and-mortar Black Friday may be over, but Cyber Monday is just getting started, and Decrypt has rounded up crypto deals that you can safely exploit—and thankfully, none are related to the FTX market crash. Hardware wallets Hardware wallets are typically physical devices designed to be pocket-sized so they can be carried with you. Hardware wallets securely store digital cryptocurrencies, such…
This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. I’m going to use the California Public Employees Retirement System (CalPERS) as a proxy for your general pension system. According to investopedia, the CalPERS invested roughly a third of their…
Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according to a new report. The Nov. 29 Digital assets in Australia report was commissioned by the Tech Council of Australia (TCA), one of the country’s technology industry advocacy…
Ryan Pinder, Attorney-General and Minister of Legal Affairs for The Bahamas, held a late Sunday press conference to defend the “integrity of our jurisdiction,” asserting that—despite his country’s reputation as a “crypto paradise” and haven for cryptocurrency schemes—”The Bahamas is a place of laws.” The 20 minute address, broadcast live online, mentioned the failed cryptocurrency exchange FTX more than 40…
