BankmanFried

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022.Ting Shen | Bloomberg | Getty ImagesCrypto billionaire Sam Bankman-Fried is backing down from a previous comment suggesting he could spend $1 billion or more in races from now through the 2024 election.In May, the 30-year-old said on the Pushkin Industries podcast, "What's Your Problem," that he…

FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry's recent carnage and said he still has cash to spend if opportunity knocks.It may seem strange. Other multibillion-dollar crypto giants spiraled into bankruptcy this year. FTX's main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of its workforce as crypto prices crashed.related investing newsPro Exclusive: FTX’s Sam Bankman-Fried on becoming a billionaire and his investing strategyYet, FTX is somehow emerging as an…

Bloomberg: Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81M, is little known fund Pharos, which has staff with links to Sam Bankman-Fried — Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP. Bloomberg: Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81M, is little known fund Pharos, which has staff with links to Sam…

The 30-year-old billionaire CEO of crypto exchange FTX has stepped in to bail out the industry to stem contagion, much like another industry titan did a century ago. With cryptocurrencies suffering a massive drawdown last month, a curly-haired 30-year-old crypto billionaire stepped in to save the market from further…

Crypto billionaire Sam Bankman-Fried said FTX is not in talks to purchase Robinhood. Sam Bankman-Fried’s FTX crypto exchange said it is not in talks to acquire Robinhood Markets Inc, after a report on Monday claimed the exchange was exploring such a deal. Bloomberg News reported on Monday FTX was discussing internally how to buy the app-based brokerage and that Robinhood had not received a formal takeover approach, citing people with knowledge of the matter. “There are no active M&A…

Jacquelyn Melinek / TechCrunch: Sam Bankman-Fried says there are no active talks for FTX to acquire Robinhood; Robinhood says no acquisition can go through without the founders' approval — SBF praises Robinhood, hints at possible partnerships — Crypto exchange FTX is open to partnering with Robinhood Markets … Jacquelyn Melinek / TechCrunch: Sam Bankman-Fried says there are no active talks for FTX to acquire Robinhood; Robinhood says no acquisition can go through without…

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help.Billionaire crypto boss Sam Bankman-Fried's companies has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage.FTX, Bankman-Fried's crypto exchange, agreed Tuesday to provide BlockFi with a $250 million revolving credit facility. Bankman-Fried said the financing would help BlockFi "navigate the market from a position of strength."Sam…

Democratize decision-making with powerful data storytelling  —  Decision makers at all levels, especially C-level executives, mandate hard data before they make their moves—and it's in this context that data storytelling finds its place and utility. Democratize decision-making with powerful data storytelling  —  Decision makers at all levels, especially C-level executives, mandate hard data before they make their moves—and it's in this context that data storytelling finds its place and utility. FOLLOW US ON GOOGLE…

Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission.Shares of the investing company jumped 36% at one point in extended trading before pulling back. They were last up about 25%.In regular trading Thursday the stock hit an all-time low. Robinhood ended the session priced at $8.56, about 77% away from its IPO price last July.According to the document, Emergent Fidelity Technologies took a stake worth $648 million…