Investors Continue to Learn More About FTX’s Mismanagement

Bitcoin remained steady snugly above its most recent $16,000 support, as investors continued to shrug off the latest developments from the FTX collapse. The largest cryptocurrency by market capitalization was recently trading at about $16,600, roughly flat over the past 24 hours. BTC sank less than 2% for the week. How long markets hold tight is unclear, say analysts. Source

Big Four Company KPMG to Examine New Business Models in the Metaverse – Metaverse Bitcoin News

KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models for the company, as other big four companies are already doing. KPMG to Focus on the Metaverse The metaverse is gaining the attention of many large institutions, currently researching the future of this tech to offer services based upon it. KPMG, one…

Bitcoin Absturz Szenarien – $940 Mio. Whale Alarm, APTOS Warnung, Quant Update, XRP | Crypto News

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Tim Draper Stands By $250,000 Bitcoin Prediction, Here’s Why

Venture capitalist Tim Draper continues to show staunch support for bitcoin even during this time. Draper who has been an evangelist for bitcoin has said multiple times that he expects the digital asset to hit six figures, and once again, he has taken an opportunity to double down on his predictions. Bitcoin To Reach $250,000 In an interview with Bloomberg, Tim Draper said that he expects the price of bitcoin to actually reach $250,000. His reasoning behind this was that bitcoin has not really trickled down into retail shopping just…

The fall of FTX and Sam Bankman-Fried might be good for crypto

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” new FTX CEO John Ray III said in a legal filing on Thursday. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.” Ray, who oversaw Enron’s bankruptcy in 2001, stepped in as CEO shortly after founder Sam Bankman-Fried resigned (and reportedly tried to…

Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme

Giri allegedly misled investor by promoting himself as an expert cryptocurrency trader with a specialty in bitcoin derivatives. According to the indictment, Giri falsely promised investors lucrative returns on the money they invested with him, with no risk to principal. In reality, he used funds from previous investors to pay off new investors in a classic Ponzi scheme set-up. Source

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