FTX lost $415 million worth of crypto in hacker heists, the collapsed exchange's new bosses say

Added 01-18-23 05:14:04am EST - “"It has taken a Herculean investigative effort from our team to uncover this preliminary information," FTX's acting CEO John Ray said.” - Markets.businessinsider.com

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• Major US Crypto Exchange To Shell Out $100 Million In Legal Settlement
• FTX's Sam Bankman-Fried put $20 million into a big VC fund that then took a stake in the crypto exchange right back
• Cathie Wood's Ark Invest scoops up $1.45 million of Coinbase stock as the crypto exchange pops 25% in the past five days
• Coinbase faces a hit to profits after FTX's implosion, S&P; says as it downgrades the crypto exchange again

MicroStrategy just did what CEO Michael Saylor once said would never happen: it sold bitcoin

Added 12-28-22 02:14:03pm EST - “"Never. No. We're not sellers," Saylor said in January. "We're only acquiring and holding bitcoin, right? That's our strategy."” - Markets.businessinsider.com

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• Could Netflix Lose 'Wednesday' To A Streaming Rival? Here's How It Could Happen
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Elon Musk predicts a US recession next year that might last 18 months — and warns investors to be careful

Added 12-29-22 07:14:03am EST - “The Tesla, Twitter, and SpaceX chief advised investors to take fewer risks, conserve cash, and avoid using borrowed money.” - Markets.businessinsider.com

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• Richard Branson says Elon Musk surprised him in his kitchen at 2 AM last year before spaceflight
• Elon Musk perfectly OWNS Brianna Wu after she tries shaming him over his New Year's tweet and BAHAHA
• 'Big Short' investor Michael Burry predicts a US recession in 2023 and another inflation spike
• IMF Head Warns One-Third of World Lurching Toward Recession
• Third of world economy to hit recession in 2023, IMF head warns

Here's what Sam Bankman-Fried's life looks like under house arrest at his parents' $4 million property

Added 12-29-22 10:14:02am EST - “The Palo Alto home where Sam Bankman-Fried is staying has five bedrooms, three bathrooms, and a swimming pool.” - Markets.businessinsider.com

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• Sam Bankman-Fried's $450 Million Investment Seized By Prosecutors
• FTX's Sam Bankman-Fried put $20 million into a big VC fund that then took a stake in the crypto exchange right back
• White House downplays meetings with accused crypto fraudster Sam Bankman-Fried
• Sam Bankman-Fried Will Likely Face Jury After Pleading Not Guilty
• The Morning After: Disgraced FTX founder Sam Bankman-Fried started a newsletter

Elon Musk must do these 10 things to turn Tesla stock around in 2023, says Wedbush's Dan Ives

Added 12-29-22 04:14:03pm EST - “Wedbush's Dan Ives put Tesla stock buybacks and the naming a new CEO for Twitter by the end of January on his list.” - Markets.businessinsider.com

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• Elon Musk drama shifts from Twitter, to tweets about Tesla
• Court rejects Elon Musk's request to move Tesla shareholder trial out of San Francisco
• Elon Musk's lies about Tesla deal cost "regular people" millions, jury hears
• Elon Musk asks court to move Tesla shareholder trial to Texas over potential juror bias
• 6 things that will get cheaper in 2023

Global stocks rise as downbeat data fail to dent investor optimism, while oil recovers from the Hurricane Ida fallout

Added 09-01-21 06:14:02am EST - “Investors are upbeat despite Caixin data showing Chinese factory activity fell into contraction, as the ADP private payrolls report ushers in the monthly US jobs report due Friday.” - Markets.businessinsider.com

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• US stocks rise after data show December inflation slowed in line with expectations
• Asia Stocks, US Futures Rise as Jobs Data in Focus: Markets Wrap
• Household wealth optimism collapses, global survey shows
• Stock market news live updates: Stocks rise with focus on CPI later this week
• US stocks drop after new jobs data boosts outlook for a more aggressive Fed

SEC chief Gary Gensler says cryptocurrency platforms are too big to survive without regulation

Added 09-01-21 05:14:02am EST - “Gary Gensler, head of the SEC, is increasingly focused on cryptocurrency trading platforms and has called for more powers to oversee them.” - Markets.businessinsider.com

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• U.S. Chamber chief says employers tired of Washington dysfunction, high regulation
• UN Chief Wants Legal ‘Accountability' For Social Media Platforms That Amplify ‘False Information'
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• NC State Football Announcer Gary Hahn Suspended Indefinitely After Saying "Illegal Aliens" During Bowl Game

FTX customer assets worth more than $3.5 billion have been seized by Bahamian regulators until they can be returned

Added 12-30-22 06:14:03am EST - “Bahamian regulators have taken control of FTX customer assets worth more than $3.5 billion in an effort to safeguard the funds.” - Markets.businessinsider.com

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• Police seized £14m worth of stolen cars and vehicle parts in 2022
• FTX finds $5.5 billion in liquid assets, still faces 'substantial shortfall'
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• Hip Replacement Market Size Worth USD 9.91 Billion by 2028 | Report by Fortune Business Insights
• IoT Cloud Platform Market Size Worth $51.3 Billion by 2030: Grand View Research, Inc.

Cathie Wood's Ark Invest scoops up $5.5 million of Coinbase stock as crypto market turmoil weighs on the exchange

Added 12-30-22 11:14:02am EST - “The famed money manager now holds $47 million worth of Coinbase stock in its Ark Fintech Innovation ETF.” - Markets.businessinsider.com

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• Cathie Wood's Ark Invest scoops up $1.45 million of Coinbase stock as the crypto exchange pops 25% in the past five days
• Coinbase jumps to a one-month high as the crypto exchange says it will slash another 20% of staff amid market slump
• Coinbase faces a hit to profits after FTX's implosion, S&P; says as it downgrades the crypto exchange again
• Coinbase is laying off another 950 workers amid a crypto market downturn
• Major US Crypto Exchange To Shell Out $100 Million In Legal Settlement

'Big Short' investor Michael Burry predicts a US recession in 2023 and another inflation spike

Added 01-02-23 07:14:04am EST - “Burry predicted inflation would cool as the economy weakens in 2023, spurring the Fed and US government to stimulate demand ?" and reignite inflation.” - Markets.businessinsider.com

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• 'Big Short' investor Michael Burry says Salesforce stock should've plunged 25% after big job cuts
• 2023 will be like 1967's 'roaring bull market': Billionaire investor
• 14 Best Stocks To Buy Before the 2023 Recession
• Apple to hold its 2023 Investor Meeting on March 10 with another virtual conference