Former Kraken chief executive Jesse Powell thinks the mainstream media shares some of the blame for the FTX fiasco that rocked the crypto world last week. Powell took aim at a New York Times article about FTX CEO Sam Bankman-Fried that was published on Monday. [google336x280] The former CEO accuses the paper of being too sympathetic to Bankman-Fried while attacking others in the industry. "The [mainstream media] needs to take accountability for its role in contributing to the legitimization and high status of this insolvent Ponzi. Without the media's backing and the endless puff pieces,...…Former Kraken chief executive Jesse Powell thinks the mainstream media shares some of the blame for the FTX fiasco that rocked the crypto world last week. Powell took aim at a New York Times article about FTX CEO Sam Bankman-Fried that was published on Monday. [google336x280] The former CEO accuses the paper of being too sympathetic to Bankman-Fried while attacking others in the industry. "The [mainstream media] needs to take accountability for its role in contributing to the legitimization and high status of this insolvent Ponzi. Without the media's backing and the endless puff pieces,...WW…
With over seven million views, 45,000 likes, 16,000 retweets and counting, a viral clip on Twitter shows Chamath Palihapitiya, founder and CEO of venture capital firm Social Capital, denouncing bailouts for billionaires and hedge funds. The former Facebook executive and Bitcoin investor, who has a net worth of roughly $1 billion and has referred to the leading cryptocurrency as 'schmuck insurance', argues that the US government should support individual Americans directly by giving them larger payments instead of funneling massive emergency funds and stimulus packages to rescue the...…With over seven million views, 45,000 likes, 16,000 retweets and counting, a viral clip on Twitter shows Chamath Palihapitiya, founder and CEO of venture capital firm Social Capital, denouncing bailouts for billionaires and hedge funds. The former Facebook executive and Bitcoin investor, who has a net worth of roughly $1 billion and has referred to the leading cryptocurrency as 'schmuck insurance', argues that the US government should support individual Americans directly by giving them larger payments instead of funneling massive emergency funds and stimulus packages to rescue the...WW…
[SassySocialButtons] One of the most popular places for gathering news and intel on cryptocurrency is buzzing over a new rumor: Amazon's interest in accepting Bitcoin. The rumor shot to the front page of the r/cryptocurrency subreddit, citing an anonymous software engineer at the tech giant who said Amazon has discussed accepting Bitcoin "multiple times" and that the main sticking point is how the company would deal with returns and issuing refunds, since Bitcoin's price is subject to extreme volatility. Although Amazon has been tight-lipped on its interest in crypto and blockchain, the...…[SassySocialButtons] One of the most popular places for gathering news and intel on cryptocurrency is buzzing over a new rumor: Amazon's interest in accepting Bitcoin. The rumor shot to the front page of the r/cryptocurrency subreddit, citing an anonymous software engineer at the tech giant who said Amazon has discussed accepting Bitcoin "multiple times" and that the main sticking point is how the company would deal with returns and issuing refunds, since Bitcoin's price is subject to extreme volatility. Although Amazon has been tight-lipped on its interest in crypto and blockchain, the...WW…
