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bigmoney

35 posts
  • News

    ‘Big Short’ author Michael Lewis meets SBF; Another blockbuster on the way?

    • Soumajit Sinha
    • December 29, 2022
    With the assistance of a renowned writer who wrote the Oscar-winning film “The Big Short,” disgraced FTX founder Sam Bankman-Fried already appears to be turning his crypto story into a…
    • News

      TDS on virtual digital assets brings in Rs 60.46 crore tax

      • Soumajit Sinha
      • December 15, 2022
      Since the implementation of TDS rules in July, the government claims to have collected a total of Rs 60.46 crore in tax from entities for transactions in virtual digital assets…
      • News

        New FTX CEO John Ray is getting paid $1,300 an hour to oversee firm’s bankruptcy

        • Soumajit Sinha
        • December 15, 2022
        CEO of FTX, John Ray, has assisted in managing bankruptcies at a number of significant businesses, including telecom giant Nortel and defunct energy behemoth Enron. In congressional testimony, Ray, who…
        • News

          PayPal is now integrated into MetaMask’s wallet

          • Soumajit Sinha
          • December 15, 2022
          Not all American users have access to the feature yet. In the upcoming weeks, MetaMask intends to gradually push out the feature. By enabling users who are new to crypto…
          • News

            Binance will survive any crypto winter: CEO Zhao

            • Soumajit Sinha
            • December 14, 2022
            Binance CEO Changpeng Zhao advised his workers to expect challenging months ahead and reaffirmed the company’s ability to overcome present obstacles. CZ claimed in a memo to the team that…
            • News

              Bahamas court denies SBF bail, citing a “risk of flight”

              • Soumajit Sinha
              • December 14, 2022
              The attorney for Bankman-Fried had asked that bail be set at $250,000. He claimed that SBF suffered from “depression” and “insomnia,” has no prior convictions, and did not leave the…
              • News

                Binance withdrawals reach $1.9B in a single day

                • Soumajit Sinha
                • December 14, 2022
                The largest 24-hour daily outflow of tokens based on the Ethereum blockchain since June 13 totaled $1.9 billion, according to Nansen data. When asked if Binance has enough USDC to…
                • News

                  Never in my career have I seen such an utter failure of corporate control: New FTX CEO

                  • Soumajit Sinha
                  • December 13, 2022
                  FTX CEO John Ray said he had never “seen such an utter failure of corporate controls at every level of an organization, from the lack of financial statements to a…
                  • News

                    Hours after his arrest in Bahamas, SEC charges SBF with ‘defrauding investors’

                    • Soumajit Sinha
                    • December 13, 2022
                    SEC alleges that Bankman-Fried “concealed his diversion of FTX customers’ funds to [the] crypto trading firm Alameda Research while raising more than $1.8 million from investors.” SEC Chair Gary Gensler…
                    • News

                      Bahamas authority has arrested FTX founder Sam Bankman-Fried

                      • Soumajit Sinha
                      • December 13, 2022
                      The Royal Bahamas Police Force arrested him after reports surfaced that the US filed criminal charges against the founder and former CEO of FTX, and is likely to request his…
                      • News

                        Application Open! Bank of England is looking for CBDC wallet developer

                        • Soumajit Sinha
                        • December 12, 2022
                        To create a central bank digital currency sample wallet that can carry out fundamental functions like transactions and payment requests, the central bank has allocated about $255,000. As part of…
                        • News

                          SBF wants to launch a new company…to repay all FTX creditors

                          • Soumajit Sinha
                          • December 12, 2022
                          When asked by the BBC if he would launch a new company to compensate FTX users, Sam Bankman-Fried replied, “I would give anything to be able to do that. And…
                          • News

                            BlackRock: A new investment playbook is needed, what worked in the past won’t work now

                            • Soumajit Sinha
                            • December 12, 2022
                            BlackRock’s Philipp Hildebrand and a team of top executives wrote, “the new regime of greater macro and market volatility is playing out. A recession is foretold.” The Great Moderation, a…
                            • News

                              Yuga Labs faces lawsuit for using celebrities to promote NFTs

                              • Soumajit Sinha
                              • December 12, 2022
                              The lawsuit alleged that manufactured celebrity endorsements and deceptive advertisements led to “billions of dollars” in purchases and resales. Bored Ape was misrepresented in advertisements by celebrities like Justin Bieber,…
                              • News

                                Crypto.com releases proof-of-reserves to boost confidence among investors

                                • Soumajit Sinha
                                • December 10, 2022
                                The audited proof-of-reserves page shows that Crypto.com possesses 102% of Bitcoin, 101% of Ether, and 102% of USD Coin required to conduct withdrawals. The report also includes Tether, XRP, Dogecoin,…
                                • News

                                  News site The Block secretly received funds from SBF

                                  • Soumajit Sinha
                                  • December 10, 2022
                                  For more than a year, the discredited Sam Bankman-cryptocurrency Fried’s trading business has been funding The Block secretly. One $16 million batch of funds from Alameda was used in part…

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