Bitcoin was trading around $16,000, after a two-day winning streak.For the month, the cryptocurrency is off 19% and down 64% year-to-date.Dogecoin was trading at 8 cents, after losing 4% in the past week.Elon Musk sets the record straight on FTX's Sam Bankman-Fried and Twitter sharesTwitter CEO Elon Musk is setting the record straight on FTX’s disgraced founder Sam Bankman-Fried and his alleged ownership of Twitter shares.
In a series of tweets Wednesday afternoon, Musk called out a"fake news" report that alleged Bankman-Fried rolled his $100 million holdings of Twitter, when it was public, into private shares. Musk discredited a report, written by Semafor’s Liz Hoffman, alleging Bankman-Fried"owns a sizable chunk of a now privately held and debt-laden Twitter." Hoffman cited a"FTX balance sheet prepared after the takeover closed on Oct. 28 and circulated to investors earlier this month."
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Gas prices drop after mid terms, hmm?
What do you think about SBF_FTX speaking at dealbook? People are furious!
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Top-ranked market analyst says FTX just another ‘mania’Evercore ISI Senior Managing Director Mark Mahaney joins 'Mornings with Maria' to discuss the collapse of FTX and its impact to the crypto industry. I would appreciate market analysis from people actually in the crypto industry and not the legacy system. It's very clear they are out of touch in the industry and not providing solid much less truthful information...
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WSJ News Exclusive | Sequoia Capital Apologizes to Limited Partners for FTX InvestmentSequoia apologized to investors for its $150 million loss on FTX and vowed to improve its due diligence, people familiar with the matter said Even the VCs knew that’s things had gotten too crazy and decisions were being made so fast that they couldn’t do proper due diligence, but they had serious FOMO so went along w/ it
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