Failure Of FTX: The Evil Results Of ‘Altruistic’ Intentions
We must learn from the historic collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange before the world economy suffers a similar fate.This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture.If you haven’t heard, one of the largest crypto exchanges, FTX, was the latest in a number of dominos to fall in the crypto “industry.” The founder of that exchange, Sam Bankman-Fried, had evolved into a media darling over the past two years — gracing the cover of Fortune magazine and earning interviews with the likes of CNBC and....
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There are times we feel like Bill Murray in the movie “Groundhog Day.” No matter what we do, we’re subjected to the same surroundings and events. Everywhere we look, we see the same thing over and over again. Things tend to become routine. It becomes mundane and to a degree, even a little irritating. Today is one of those days; a recently published article details a think tank’s findings regarding bitcoin and digital currency, and surprise! Those involved in the think tank believe that insurgencies and radical groups ranging from drug cartels to terrorist units will find further ways to....
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