Day: April 28, 2023

Former FTX exec Ryan Salame’s home searched by FBI: Report

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The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried. An April 27 report from The New York Times, citing people with knowledge of the matter, said the Bureau searched Salame’s $4 million home in Potomac, Maryland on the morning of April 27. It remains unclear what the authorities were looking for. Salame was the co-CEO of FTX Digital Markets, which was FTX’s Bahamas-based subsidiary. The…

SEC’s Gary Gensler takes another swipe at crypto in educational video

Another swipe has been taken at the crypto industry by the chair of the United States securities regulator, who claimed many crypto platforms are operating in violation of securities laws. In an April 27 tweet, Securities and Exchange Commission (SEC) chair Gary Gensler shared a 4-minute video of himself describing crypto assets as “investment contracts” before calling on platforms that offer such products to register with the SEC to protect American investors. “An Investment contract exists when you invest money in a common enterprise with a reasonable expectation of profits,…

3 Giga-Brained Ideas From Consensus Day 2

One of the major selling points of crypto is that the industry is brimming with new ideas. For one reason or another, crypto tends to attract heterodox thinkers or would-be revolutionaries, much in the same way a loose-hanging community formed around the internet in the 90s. Part of this stems from the nature of the tech itself, which offers radically new ways to build code-based systems. Another is Web3’s infamous barrier to entry, meaning the people that end up here tend to be committed – and, frankly, smart enough not…

Robert Kiyosaki Warns of Economic Chaos, War Breaking Out, Gold Crashing – Economics Bitcoin News

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Rich Dad Poor Dad author Robert Kiyosaki has warned of economic chaos, a war breaking out, hyperinflation, and rising starvation. Commenting on de-dollarization on a “massive scale,” he stressed: “It’s a weaponization of our U.S. dollar against the world … It’s all coming down fast right now.” Robert Kiyosaki on De-Dollarization on ‘Massive Scale’ The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more dire predictions about the U.S. economy, the dollar, and global economic chaos. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki…

Coinbase execs respond to SEC’s Wells notice in person and on video

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Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO Brian Armstrong in a video released on YouTube. The appeal was in response to a Wells notice received by the firm, a notification by the United States Securities and Exchange Commission (SEC) that it may intend to carry out enforcement actions against it. “Coinbase’s core commitment to regulatory compliance has never wavered,” Grewal said in the video, which was addressed…