cryptocurrency
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How FTX Australia Was Able to Get Away With Claiming It Was ‘ASIC-Licenced’
When cryptocurrency exchange FTX Group collapsed in the Bahamas last month, its local subsidiaries FTX Australia Pty Ltd and FTX Express Pty Ltd fell over too. The Australian companies were placed into administration on November 11 and within days the Australian Securities and Investments Commission (ASIC) had suspended the Australian financial service licence FTX Australia…
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New York Times Runs Bizarre Softball Article on FTX’s Sam Bankman-Fried
FTX filed for bankruptcy on Friday, leaving reasonable people to wonder how a cryptocurrency platform founded in 2019, which reached a valuation of $US32 ($44) billion in 2021, could plummet to zero in such a short time. There’s a new piece in the New York Times which gained exclusive access to FTX founder Sam Bankman-Fried,…
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Martin Shkreli Tells Do Kwon ‘Jail’s Not That Bad’ on a Podcast
If you find yourself listening to free advice from notorious fraudster and pharmaceutical price-gouger, Martin Shkreli, then it might be time to re-evaluate some things. And that’s exactly the scenario Do Kwon, Terra’s disgraced CEO and “not on the run” fugitive, ended up in on a Tuesday podcast stream.
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Oh Great, Britain’s New Prime Minister is a Crypto Bro
As the United Kingdom prepares to welcome a new Prime Minister amidst dire economic headwinds, it seems necessary to point out that the guy they’ve elected to fix things is a certified Crypto Bro™️ who once requested that the Royal Mint issue an NFT.