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“Two bills newly elected Gov. Hochul needs to act on ASAP— to show she’ll do right by New Yorkers” Gov. Kathy Hochul has begun to sign-or-veto hundreds of bills she left until after the election, yet two she’s yet to act on are no-brainers: vetoing a costly expansion of the state’s wrongful-death law and restoring…
“Crypto bros offloading G-Wagons, luxury cars amid FTX crash” Crypto bros are running on empty — and appear to be offloading their fancy cars amid the fallout from the FTX implosion, which has rippled through the cryptocurrency market and caused the value of digital coins to plummet. An uptick in like-new models of sought-after luxury…
“Miami nightclub owners mourn loss of ‘crypto nerds’ after FTX collapse” Nerdy crypto entrepreneurs who spent big at Miami nightclubs, showering patrons with cash as they ordered “bathtubs of champagne” and sang with rappers like 50 Cent, have gone quiet, South Florida venue owners said. The sudden collapse of the cryptocurrency exchange FTX and the…
“BlockFi files for bankruptcy as FTX contagion spreads” Prominent cryptocurrency lending platform BlockFi filed for bankruptcy on Monday as the contagion effect from FTX’s collapse spreads through the sector, company officials said. The company’s bankruptcy filing stated it has more than 100,000 creditors, along with estimated assets and liabilities of between $1 billion and $10…
“Bahamas shreds FTX CEO John Ray: ‘extremely regrettable’ accusations” A top government official in the Bahamas slammed new FTX CEO John Ray III for his “extremely regrettable” claims in the heated bankruptcy battle over the imploded crypto company. Bahamas Attorney General Ryan Pinder took aim at Ray after the executive accused the Caribbean country of…
“The New York Times is yet another of Sam Bankman-Fried’s easy marks” The old joke is that “journalistic ethics” is a contradiction in terms. The New York Times is doing its best to prove it true this week, with its bizarre showcasing of Sam Bankman-Fried, the fallen founder of blown-up crypto exchange FTX, at the paper’s exclusive Davos-style…
“SEC chair Gary Gensler to unveil big changes amid FTX scandal” You would think that with the FTX scandal still brewing and investors missing billions of dollars from their supposedly secured crypto accounts, Securities and Exchange Commission chair Gary Gensler would have so much on his plate, he wouldn’t have time to muck around in…
“Binance CEO Changpeng Zhao to create $1B crypto rescue fund” The billionaire CEO of cryptocurrency exchange Binance says he is allocating $1 billion toward buying up distressed assets in hopes of keeping the battered industry afloat in the wake of the disastrous collapse of rival FTX. Changpeng Zhao, who is known industrywide as “CZ,” told…
“Semafor under fire for not returning investment by FTX’s Sam Bankman-Fried” Semafor, a news site launched last month after getting a large infusion of cash from disgraced FTX founder Sam Bankman-Fried, has come under fire for staying mum about whether it will return the now-bankrupt crypto firm’s money. Bankman-Fried was reportedly an initial investor in…
“Sam Bankman-Fried ‘deeply sorry’ for FTX collapse, blames bankruptcy” Disgraced FTX founder Sam Bankman-Fried told former employees he is “deeply sorry” about the implosion of his crypto exchange — but continued to point the finger at the company’s bankruptcy filing, insisting that he could have saved the platform if given enough time. “I feel deeply…