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Jan 1, 2024
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invested these billions in ftx, ftx sponsored the democrats.; they invested it in cryptocurrencies, investing it themselves.
invested these billions in ftx, ftx sponsored the democrats.; they invested it in cryptocurrencies, investing it themselves.
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Jan 2, 2024
01/24
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BLOOMBERG
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especially with the ftx debacle waning in light of solana's relationship to ftx, how do you think about be given around those other crypto assets into this year? alex: i love this. crypto markets tend to move in these cycles where bitcoin leads the way and stalls out and the liquidity flows into bitcoins. this is repeated many times if you look at the charts. that capital that goes into bitcoin etf's is not funds on the crypto exchange. it will be stickier than in the past, but it is going to happen. one of the most recent questions i am following for this upcoming year is that a theory him has never faced immature challenger in terms of the layer one blockchain ecosystem in a prior bull run in the way it will now from solana and others. this comes at the same time that ethereum has tricky and complicated challenges and opportunities as it tries to resorb this new blockchain thesis, which is complicated but suffice it to say that significant changes are underway in the ethereal world that have never happened either. there will be an interesting race among the blockchain platforms, espec
especially with the ftx debacle waning in light of solana's relationship to ftx, how do you think about be given around those other crypto assets into this year? alex: i love this. crypto markets tend to move in these cycles where bitcoin leads the way and stalls out and the liquidity flows into bitcoins. this is repeated many times if you look at the charts. that capital that goes into bitcoin etf's is not funds on the crypto exchange. it will be stickier than in the past, but it is going to...
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Jan 2, 2024
01/24
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. >> can you describe it the emotions that you went through when, and what you did when ftx, the companyted to collapse? >> so when ftx, like certainly cannot plan that i predicted that sam bankman-fried was running like like a big fre discovery would collapse. and when it did i was like a little unsure of like whether ii should be writing about this or i mean it seems an obvious now but i really like him to an auto lock,of talked with my colleagus and then i get a text message from somebody that was like are you in the bahamas right now? i was like saying to us of, no. i guess i should be. then i flew f down there and arranged to go to sam's apartment, he is holed up in his $30 million penthouse and like to me he hadn't been arrested yet. there was some question about like what it happened. to me it seemed really clear there was a big fraud and that was a matter of time before, before he would not be available for more interviews can which proved wrong. [laughing] another bad prediction. he did, apparently 1000 interviews from house arrest. [laughing] but that was in court papers. yeah,
. >> can you describe it the emotions that you went through when, and what you did when ftx, the companyted to collapse? >> so when ftx, like certainly cannot plan that i predicted that sam bankman-fried was running like like a big fre discovery would collapse. and when it did i was like a little unsure of like whether ii should be writing about this or i mean it seems an obvious now but i really like him to an auto lock,of talked with my colleagus and then i get a text message from...
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Jan 29, 2024
01/24
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ftx is looking at options to potentially restart its crypto exchange.lle: sources say the rest is aiming to announce major table grants -- ship grants. the awards are the degree to intel as well as foreign firms like tsmc. money from a $39 billion bill president biden signed into law more than a year ago is been slowed to trickle out with only two small grandson on so far. intel's el is trying to reinsure -- reassure investors of company is on track to make a comeback. shares tumbling more than three years. gelsinger told us the market reaction went too far. >> we finished a great year. 24 be at the top and bottom line finishing a was comfortably ahead. and we believe we are putting points on the board for a long-term transformation of this iconic company. in light of that, q1 at the low end of seasonal, so we think the market reaction is a bit overstated in that respect. our company, our employees are doing an incredible job of delivering our process technology, storing product leadership, defining new categories. we are on a multiyear journey and we w
ftx is looking at options to potentially restart its crypto exchange.lle: sources say the rest is aiming to announce major table grants -- ship grants. the awards are the degree to intel as well as foreign firms like tsmc. money from a $39 billion bill president biden signed into law more than a year ago is been slowed to trickle out with only two small grandson on so far. intel's el is trying to reinsure -- reassure investors of company is on track to make a comeback. shares tumbling more than...
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Jan 12, 2024
01/24
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BLOOMBERG
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the second thing we are seeing is the bankruptcy estate for ftx is unloading into the announcements that there is heavy volume of selling of bitcoin right now. we see that is temporary. i don't think you can have 160% rise in an asset over let's say a year and a half a month and then expected to go straight up after the announcement, so i do expect that supply overhang to be done over the next six days to eight trading days and then you will see the trend start upward again for bitcoin, because the demand is out there. one last thing, there has been a quiet period for wall street where it has been not able to market the ctf, and that will start in eight days as well. >> do you think there is a robust market for all the spot bitcoin etf's that were approved a lot of people said? that when you think of gold etf's you> in the weeks ahead to you think? >> probably two dominant names, blackrock and fidelity be the two dominant names. they have the largest sales forces and you know this about financial services, gravity, the gravity and financial services, those are two of the big players in t
the second thing we are seeing is the bankruptcy estate for ftx is unloading into the announcements that there is heavy volume of selling of bitcoin right now. we see that is temporary. i don't think you can have 160% rise in an asset over let's say a year and a half a month and then expected to go straight up after the announcement, so i do expect that supply overhang to be done over the next six days to eight trading days and then you will see the trend start upward again for bitcoin, because...
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ftx was a bad, bad thing for -- and that triggered a real selloff in bitcoin.ut where do we go from here? if because he's been convicted -- >> yes. liz: -- and he will serve, most likely, a somewhat lengthy, we don't know how long, but a lengthy prison sentence because it's federal and they have guidelines. and then you've got cz who also add had binance, and he has faced all kinds of charges. are we done with that nonsense, or is it just like the old saying that there's a sucker born every minute, and you're going to definitely see people try and and take advantage of that? >> bad people do bad things regardless of the industry. one of the things that's really interesting is if you look at ftx, they a basically took customer money, went and invested it and lost it, right? there's a whole bunch of questions as to why, how, but they didn't tell customers they were going to do it, right? and that's ultimately what the issue was. if you remember also in 2023, we had banks that took customers' money and bought treasuries. those treasuries went under water, right? t
ftx was a bad, bad thing for -- and that triggered a real selloff in bitcoin.ut where do we go from here? if because he's been convicted -- >> yes. liz: -- and he will serve, most likely, a somewhat lengthy, we don't know how long, but a lengthy prison sentence because it's federal and they have guidelines. and then you've got cz who also add had binance, and he has faced all kinds of charges. are we done with that nonsense, or is it just like the old saying that there's a sucker born...
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Jan 18, 2024
01/24
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IRINN
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we put fiber to homes or fiber to ftx points on the agenda so that, god willing , we can launch 20 million high-speed ports all over the country. the implementation of this was started in march 1400, and now there are 9 communication companies , including the telecommunications company. iran shuttle fanap asiatec hayob, the pioneers of sebant mebinnet , are participating in its implementation and have taken over each province and city in the country. 7 million to the end. dear 13th government, consider the commitment to cover this 7 million, in most of the 20 million coverage that the honorable minister said, we agreed to cover 5 million, in fact, for the household and business to be covered by fiber, in fact, light. 15 cities have been entrusted to us and we can implement them , most of them in west azarbaijan and busheh provinces. and around tehran in the provinces of kermanshah , lorestan and chaharmahal bakhtiari, part of esfahan province, a part of fars province and a part of mazandaran province, until today , it has about four provinces as part of its definite commitments, and it has
we put fiber to homes or fiber to ftx points on the agenda so that, god willing , we can launch 20 million high-speed ports all over the country. the implementation of this was started in march 1400, and now there are 9 communication companies , including the telecommunications company. iran shuttle fanap asiatec hayob, the pioneers of sebant mebinnet , are participating in its implementation and have taken over each province and city in the country. 7 million to the end. dear 13th government,...
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Jan 2, 2024
01/24
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KRON
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. >> disgraced ftx founder sam bankman-fried will not be facing a second trial for the remaining charges he was facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial. that but to a guilty verdict for the for bankman-fried back in november, prosecutors said they will not pursue their many charges in order to get a faster resolution and to serve the public interest and give closure to the victims. bankman-fried was convicted of defrauding cryptocurrency customers and investors out of billions of dollars. he now faces several years in prison. >> tsa is responding to a new terror threat from al qaeda calling for attacks against jewish and western targets. comes as we come to the end of a record breaking holiday travel season. newsnation's stephanie haines has more. tsa says it's not aware of any credible threats stemming from this video since it was released back in october by al qaeda in the arabian peninsula. >> take a listen. >> and now we're here together. you you had >> according to the middle east media research institute, the video opens wi
. >> disgraced ftx founder sam bankman-fried will not be facing a second trial for the remaining charges he was facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial. that but to a guilty verdict for the for bankman-fried back in november, prosecutors said they will not pursue their many charges in order to get a faster resolution and to serve the public interest and give closure to the victims. bankman-fried was convicted of defrauding...
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Jan 2, 2024
01/24
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KRON
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plus, why ftx founder sam bankman-fried will no longer head to a second trial after being convicted of stealing money from his cryptocurrency customers. and the tsa says it's monitoring a threat against united states by an affiliate to terrorist group al qaeda with in order for small businesses to thrive, they need to be smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limited time you can get up to $1000 prepaid card with qualifying internet. yup, $1000. so switch to business internet from the company with the largest fastest reliable network. give your business a head start in 2024 with this great offer. plus, ask how to get up to $1000 prepaid card with qualifying internet. switch today. hour. new year. new laws, hundreds of them officially taking effect in california today. our capitol correspondent eytan wallace giving us a closer look at the ones that are focused on public safety. >> yeah, we're talking about new laws on all kinds of matters from guns to emergency alerts to fentanyl. but even
plus, why ftx founder sam bankman-fried will no longer head to a second trial after being convicted of stealing money from his cryptocurrency customers. and the tsa says it's monitoring a threat against united states by an affiliate to terrorist group al qaeda with in order for small businesses to thrive, they need to be smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limited time you can get up to $1000...
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Jan 12, 2024
01/24
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BBCNEWS
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met him in the fall, october—ish of 2021, and i started to really immerse myself in the bahamas at ftxnext year. so, all the way through november, when it collapses, i hadn't written a word. i'd played with ideas about how the book might go. when we got to november and it collapsed, until it collapsed, i didn't know how the book ended, i didn't know where it was going. and i had agonising conversations with friends and with myself about whether i would even do it, cos ijust didn't know it was going to work as a book. and my view of him, i'd always... one of the things that interested me was the way his mind worked. he thrived, he thought, and maybe it's true, in these semi—chaotic environments, and so he created them over and over. and you could see that this business, before it all fell apart, was like, this isn't normal. there's no organisation chart, there's no list of employees. nobody has a title that bears any relationship to what they actually do. people don't know who they report to or who reports to them. it's just like total chaos, that it isn't that surprising that something
met him in the fall, october—ish of 2021, and i started to really immerse myself in the bahamas at ftxnext year. so, all the way through november, when it collapses, i hadn't written a word. i'd played with ideas about how the book might go. when we got to november and it collapsed, until it collapsed, i didn't know how the book ended, i didn't know where it was going. and i had agonising conversations with friends and with myself about whether i would even do it, cos ijust didn't know it was...
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Jan 11, 2024
01/24
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CNBC
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do you think the ftx situation or any other sort of debacles we saw in crypto, really didn't involveing globally, were, you know, there's really no ground rules. did that sort of grease the skids for some of the bad behavior, do you think? should have been involved -- now saying, look. buyer beware. you can do this but we're not enthralled with it, but maybe had their eye on the wrong, where the risk really wasn't in the first place? >> well, look. members of the house on both sides of the aisle are not impressed with the s.e.c.'s oversight of ftx where we had money lost by individual investors and institutional investors in the united states. where were the cop on the beat there? yes, you're right. there is -- if we don't have a framework we'll have continued fraud, manipulation in the market. why i think the ftx collapse and others that we've witnessed the last 18 months speak to why we need the regulatory frarmmework. does two things reduces arbitrary decisions by the s.e.c. and dreirects them how t carry on their responsibilities. they need that. chair gensler in my view doesn't
do you think the ftx situation or any other sort of debacles we saw in crypto, really didn't involveing globally, were, you know, there's really no ground rules. did that sort of grease the skids for some of the bad behavior, do you think? should have been involved -- now saying, look. buyer beware. you can do this but we're not enthralled with it, but maybe had their eye on the wrong, where the risk really wasn't in the first place? >> well, look. members of the house on both sides of...
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Jan 30, 2024
01/24
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BLOOMBERG
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lately, there was ftx and negative things that happened. renaissance beginning at the early-stage with innovation and new ideas. i expect we continue to remain very active in the early-stage venture. ed: it is an election year. policy, future legislation has been a discussion for your industry. how do you approach your lobbying efforts or communication with both sides of this election race to build it long-term? chris: i started going to d.c. to talk to policymakers and one of my realizations is that big tech, big banks, other parts of the economy are well represented in d.c.. we felt small tech, startups, did not have representation. we are -- we decided we are a firm that can help with that. we decided to get more involved in politics. our senses protect, pro start up. a lot of stuff with blockchain is playing out in courts. ports take many years and that creates uncertainty and uncertainty deters good actors and attract bad actors. a way to approach tech policy is to look at it holistically. every technology has good things in bad things
lately, there was ftx and negative things that happened. renaissance beginning at the early-stage with innovation and new ideas. i expect we continue to remain very active in the early-stage venture. ed: it is an election year. policy, future legislation has been a discussion for your industry. how do you approach your lobbying efforts or communication with both sides of this election race to build it long-term? chris: i started going to d.c. to talk to policymakers and one of my realizations...
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Jan 18, 2024
01/24
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FBC
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incriminate seats under of sec united states law does not support that cftc, more natural, people say ftxnce already meeting sam bank repeatedly what is ahead in 2024 is headwinds of the self inbeing being liked in rounds aa bided -- abated, the reason ripple has grown outside 95% customer no one u.s. financial institutions because of this you go back to early days of internet u.s. did work provided clarity how the internet regular laitsdz internet today is geopolitical basis benefited united states more than any other country. maria: your take ceo of circle said a strong chance u.s. patent laws for stablecoin issues this year tell us about stablecoin potential ruling regulation there i think appropriate i think it is the priority, on capitol hill i spent a bunch of time in washington, d.c., d.c. stablecoin 9 5 plus % stablecoin is u.s. dollar, i think u.s. treasury wants to see that -- those laws passed pushing congress to act good, progress, there are new dynamics what stablecoins mean to financial kind of assessment you have ceo of circle kret will probably happen. >> piece how chinese
incriminate seats under of sec united states law does not support that cftc, more natural, people say ftxnce already meeting sam bank repeatedly what is ahead in 2024 is headwinds of the self inbeing being liked in rounds aa bided -- abated, the reason ripple has grown outside 95% customer no one u.s. financial institutions because of this you go back to early days of internet u.s. did work provided clarity how the internet regular laitsdz internet today is geopolitical basis benefited united...
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Jan 3, 2024
01/24
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CNBC
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one thing we forget, look, 2023 began in the wake of the fallout from ftx. so ago, just given how much that case and the ecosystem and everything that's gone on played out. 2023 started in the wake of ftx. really we started to see at least globally consistent standards develop across the world. finally saw passage of the mika retch lation in the european union providing clarity toy crypto businesses looking to engage with member states there. seen activity in singapore, australia, in the uk. more focus on enforcement obviously is in the united states and will like ly see tha in 2024. it's important to note even in the u.s. where we've been i think slower in terms of regulatory speece, we've seen every branch of government in 2023 engage in the crypto ecosystem. whether legislative body first time-ever crypto legislation voted out of committee in house of representatives, on stablecoins and market structure. seen the courts obviously engage in the space. that obviously, the executive branch has taken action, freshry, fcc, and we'll continue to see that. etf l
one thing we forget, look, 2023 began in the wake of the fallout from ftx. so ago, just given how much that case and the ecosystem and everything that's gone on played out. 2023 started in the wake of ftx. really we started to see at least globally consistent standards develop across the world. finally saw passage of the mika retch lation in the european union providing clarity toy crypto businesses looking to engage with member states there. seen activity in singapore, australia, in the uk....
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Jan 23, 2024
01/24
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FBC
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. >> the ftx bankruptcy settlement. and the all bitcoin etf.at, 2004, when the gld came out to track gold's movement, gold sold off 10%. i could argue 10% selloff in gold is more dramatic than a 20% drawdown. neil: they are usually mentioned to gather. >> gold is a crisis hedge, calamity hedge, bitcoin is a speculative asset. i'm not a bitcoin hater, the most bulging, down the middle. it makes sense in someone's portfolio if you size inappropriately. it is speculative. that is 5% for me, someone else, maybe 1%. neil: the housekeeping seal of approval. >> it's a high return, high volatility investment opportunity. you play appropriately. neil: what do you think of the markets? this one here is -- >> election years are normally positive. i will say election years are more volatile than non-election years, the average drawdown is 10%, 11%, more like 16, seventeen%. the market is looking rather rich, the forward markets, 19. 5, the 10 year average is 17. 5. when you look at earnings season, right now, still early, 12% in the earnings season. earnin
. >> the ftx bankruptcy settlement. and the all bitcoin etf.at, 2004, when the gld came out to track gold's movement, gold sold off 10%. i could argue 10% selloff in gold is more dramatic than a 20% drawdown. neil: they are usually mentioned to gather. >> gold is a crisis hedge, calamity hedge, bitcoin is a speculative asset. i'm not a bitcoin hater, the most bulging, down the middle. it makes sense in someone's portfolio if you size inappropriately. it is speculative. that is 5%...
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Jan 17, 2024
01/24
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FBC
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the ftx estate sale has led to more supply coming to the market.g the fed may not be moving as fast as everyone. they are selling off a bit here. >> you been good on this stuff. ahead of the curve. and by 2030s that right. >> i've known tom lee for 20 years. let's be more short-term. i can see 60,000. look at the volatility product, 30% upsize, not that unexpected. a lot of positive catalysts coming and technical selling is over, it will probably trend up. the greater theme, i've said this on your broadcast and other broadcasts, 2024 is the talk of etfs from other assets in the crypto ecosystem, not just e.t. cfs but four five months now and that is in this space, great fundamental inquiries into deploying block chain technology. we are excited about that. the real thing is there's legitimacy now and also new leadership from fidelity in this space. neil: it is a big truck with etfs which they tend to democratize investments. my point is more potential buyers come in. will will be included a lot of 401(k) plans? there still a lot of skepticism and s
the ftx estate sale has led to more supply coming to the market.g the fed may not be moving as fast as everyone. they are selling off a bit here. >> you been good on this stuff. ahead of the curve. and by 2030s that right. >> i've known tom lee for 20 years. let's be more short-term. i can see 60,000. look at the volatility product, 30% upsize, not that unexpected. a lot of positive catalysts coming and technical selling is over, it will probably trend up. the greater theme, i've...
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Jan 2, 2024
01/24
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KRON
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. >> disgraced ftx founder sam bankman-fried will not be facing a second trial for the remaining chargeswas facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial that led to a guilty verdict for bankman-fried back in november. prosecutors say they will not pursue the remaining charges in order to get to a faster resolution to serve the public interest and give closure to the victims. bankman-fried was convicted of defrauding cryptocurrency customers and investors of billions of dollars. he now faces several years in prison. >> happening tomorrow, some good news for ferry riders. the main street ferry terminal in alameda. it will be reopening after more than 2 months of renovations. officials say the ferry terminals infrastructure has been repaired and replaced to comply with earthquake safety requirements. san francisco bay ferry says the oakland alameda and south san francisco ferry routes will resume at the main street ferry terminal tomorrow. now with the 4 zone forecast as we give you a live look at another busy night down the bay bridge t
. >> disgraced ftx founder sam bankman-fried will not be facing a second trial for the remaining chargeswas facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial that led to a guilty verdict for bankman-fried back in november. prosecutors say they will not pursue the remaining charges in order to get to a faster resolution to serve the public interest and give closure to the victims. bankman-fried was convicted of defrauding cryptocurrency...
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i want to switch gears with you, staying in the world of politics, ftx cofounder sam beckman freed is going to be facing the second trial with making illegal political donations making money from his collapsed empire, most of his money went to democrats to be clear, prosecutor submitted a letter in the manhattan federal court that said much of the evidence will be offered in the second trial was offered in the first and considered by the court at the defendant's march 2020 for sentencing. you are critical of this decision congressman and you wrote on next that politician should have to return the stolen money because again stolen money that was not sam bankman-fried's money to give away. and we won't know how much politicians he bribed or whose campaign he has influenced and at the side of relief is hearing from the deep state. can you comment further on your comments? >> that was on my x account. what happened with the court stepping in scissors gotta be a more further investigation they were closing in on the campaign accounts that were created through sam bankman-fried's millions o
i want to switch gears with you, staying in the world of politics, ftx cofounder sam beckman freed is going to be facing the second trial with making illegal political donations making money from his collapsed empire, most of his money went to democrats to be clear, prosecutor submitted a letter in the manhattan federal court that said much of the evidence will be offered in the second trial was offered in the first and considered by the court at the defendant's march 2020 for sentencing. you...
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Jan 9, 2024
01/24
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BLOOMBERG
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on the more esoteric alts we have seen around the bitcoin narrative, stacks, ftx, a small contract onin. all of these are built on bitcoin and also we are seeing a price appreciation into the move with the ctf. caroline: we thank you carving out a bit of time, it is a hectic week i am sure. thank you so much, date fractal co-ceo and cofounder. coming up, we continue our coverage and we will sit down with the qualcomm ceo, you do not want to miss that conversation whether it is the chips that have been used within autos and the latest vr nar, we have a conversation across the world. this is bloomberg technology. ♪ f your network power goes down, your business goes with it. recording: thanks for calling, we are unexpectedly closed today due to... cdw experts can keep you up and running with an apc smart-ups lithium-ion ups from schneider electric. it offers cloud-enabled remote monitoring and three times the battery life, so you can get the performance and certainty you need to stay open for business. for resiliency at the edge, trust schneider electric and it orchestration by cdw®. peo
on the more esoteric alts we have seen around the bitcoin narrative, stacks, ftx, a small contract onin. all of these are built on bitcoin and also we are seeing a price appreciation into the move with the ctf. caroline: we thank you carving out a bit of time, it is a hectic week i am sure. thank you so much, date fractal co-ceo and cofounder. coming up, we continue our coverage and we will sit down with the qualcomm ceo, you do not want to miss that conversation whether it is the chips that...
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Jan 5, 2024
01/24
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with ftx there was a player everybody thought of as one of those top of the pile that was always in fronting about how crypto could be part of the mainstream. the collapse of that exchange knocked confidence. how much can you trust the sector really? lizzy: you have to wonder whether 2024 is the year it goes mainstream. you have bitcoin at $43,000, just shy of the $44,000 mark. what is in store for crypto in 2024? >> depends who you ask. some people would say this is the beginning of a bull market. in 2022 bitcoin was on a tear but we still have a lot of bad news to go with more sentencing for sam bankman-fried coming up, trials of people like the -- founder later this year. we have other crypto fugitives or people who have faith issues with the law. definitely a fair bit more of roiling in the market to go. lizzy: absolute drama. that is emily nicole, are crypto reporter. we thank you as always. there is plenty more ahead so stay tuned. this is bloomberg. ♪ lizzy: welcome back to bloomberg daybreak: europe. tesla was overtaken by byd last quarter as the world's top-selling electric carma
with ftx there was a player everybody thought of as one of those top of the pile that was always in fronting about how crypto could be part of the mainstream. the collapse of that exchange knocked confidence. how much can you trust the sector really? lizzy: you have to wonder whether 2024 is the year it goes mainstream. you have bitcoin at $43,000, just shy of the $44,000 mark. what is in store for crypto in 2024? >> depends who you ask. some people would say this is the beginning of a...
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Jan 24, 2024
01/24
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CNBC
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and there are bankruptcies so companies like ftx held gbtc and they're selling as they restructure.and then the fees, grayscale charges 1.5% compared to zero or .2% for some of the other etfs bitcoin's price driven by the macro news watching strength in the dollar, repricing of fed fund futures to get an idea where interest rates are headed so the things that are driving tech is what matters in crypto markets. back to you guys and sara. >> since the etf was a driver for so long. what is it ow, an inflation hedge, safe haven, unprofitable tech stock >> it's still a high beta play still people that see it as a flight to safety see it as digital gold and the events, like the halving coming up it's still the tech play, high beta, high risk play we'll see if it evolves joover time >>> up next a conversation with the ceo of williams sonoma how a.i. is aypling into that business and why she's optimistic "squawk on the street" is back in two you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sp
and there are bankruptcies so companies like ftx held gbtc and they're selling as they restructure.and then the fees, grayscale charges 1.5% compared to zero or .2% for some of the other etfs bitcoin's price driven by the macro news watching strength in the dollar, repricing of fed fund futures to get an idea where interest rates are headed so the things that are driving tech is what matters in crypto markets. back to you guys and sara. >> since the etf was a driver for so long. what is...
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Jan 2, 2024
01/24
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>> so when ftx and i certainly cannot find that i predicted sam bankman-fried's company would collapsewhen it did i a was like a litte unsure of whether i should be writing about this and it seems really obvious now but i really had this talk a lot in talk with a lot of my colleagues and i got a text message from somebody that was like are you in the bahamas right now and i was like no, i guess i shouldd be. so i flew down there and arranged to go to sam's apartment. he's holed up in his $30 million penthouse in to me he hadn't been arrested yet. there was some question about what had happened and to me itme seemed clear there was a big fraud and it was a matter of time before he would not be available for any more interviews. but i was proven wrong. another bad prediction he did apparently 1000 interviews. but that was. yeah once i decided to visit with him to see if he had a side of the story to tell them that there was something different from the narrative that was out there and itte turned out to be really interesting to spend time with him when things were at the end after having
>> so when ftx and i certainly cannot find that i predicted sam bankman-fried's company would collapsewhen it did i a was like a litte unsure of whether i should be writing about this and it seems really obvious now but i really had this talk a lot in talk with a lot of my colleagues and i got a text message from somebody that was like are you in the bahamas right now and i was like no, i guess i shouldd be. so i flew down there and arranged to go to sam's apartment. he's holed up in his...
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against frawpped to a half a million dollars per account whereas you've seen the scandals like tfx -- ftxncy place, they might just run off with your holdings. well, that's not going to happen, and there's 15 of them pending for bitcoin etfs right away. it's going to create a scurry of buying and make it a lot easier for people to speculate on that asset. stuart: before you leave the summit, would you be tempted to buy any crypto as of today? >> oh, yeah. absolutely, stuart. and and i don't know if i'd call myself a crypto guy, but i'm definitely bullish on bitcoin just because this etf approval is coming as well as the endless money printing from or our government. the bull case is really playing out for the cryptocurrency. stuart: okay. what's your stock market outlook for 2024? >> great question. i think for the first quarter or maybe two or three we're in for a rally. there's a lot of momentum behind this market based on a pivot from the federal reserve. many are claiming a soft landing or success in their fight against inflation. i think that pivot is coming from economic weakness, a
against frawpped to a half a million dollars per account whereas you've seen the scandals like tfx -- ftxncy place, they might just run off with your holdings. well, that's not going to happen, and there's 15 of them pending for bitcoin etfs right away. it's going to create a scurry of buying and make it a lot easier for people to speculate on that asset. stuart: before you leave the summit, would you be tempted to buy any crypto as of today? >> oh, yeah. absolutely, stuart. and and i...
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Jan 2, 2024
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well, disgraced ftx founder sam bankman-fried will not be facing second trial for the remaining charges he was facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial that led to a guilty verdict for bankman-fried back in november. the prosecutors said they will not pursue the remaining charges order to get to a faster resolution. so the public interest and give closure to the victims. bankman-fried was convicted of defrauding cryptocurrency customers and investors of billions of dollars now faces several years in prison. >> it's 6.26, and state farm insurance is expected to raise their rates. that's what they're telling. state officials gave them the green light to do so. they're going to raise homeowners rates by 20% starting on march. 15th, state farm blames this increase on and increase cost and risk. today. the department of water resources kicks off the new year with their first snow survey of the season and they collected data in the sierra and that will help determine the amount of water that will melt and runoff into the state's reserv
well, disgraced ftx founder sam bankman-fried will not be facing second trial for the remaining charges he was facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial that led to a guilty verdict for bankman-fried back in november. the prosecutors said they will not pursue the remaining charges order to get to a faster resolution. so the public interest and give closure to the victims. bankman-fried was convicted of defrauding cryptocurrency customers...
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Jan 23, 2024
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ftx sold 2 million shares. that is one billion dollars in gbtc.. those outflows are contributing to bitcoin's falling price. ethereum is also having a down day. here's the question, will one or both of these developments in crypto land slow the approval of spot bitcoin etf application? charlie gasparino. >> bitcoin is buy the rumor, sell the news. the news was that the ftc approved etfs for blackrock and bitcoin. with the force of larry fink,ed head of plaque rock behind the bitcoin etf, that was a pretty big plus because it was running into a lot of skepticism by gary gensler, the sec chief from day one. ethereum will be an even harder lift. i said that in the past. i can confirm right now what sources close to the commission and the applicants for the new bitcoin etf are telling the fox business network. as of now the best thing you can say that the sec is slow walking the approval of the etf, ether, spot etf. liz: like they did with the bitcoin etf. >> they did but this is a little different and here's why. gary gensler said bitcoin was a commo
ftx sold 2 million shares. that is one billion dollars in gbtc.. those outflows are contributing to bitcoin's falling price. ethereum is also having a down day. here's the question, will one or both of these developments in crypto land slow the approval of spot bitcoin etf application? charlie gasparino. >> bitcoin is buy the rumor, sell the news. the news was that the ftc approved etfs for blackrock and bitcoin. with the force of larry fink,ed head of plaque rock behind the bitcoin etf,...
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Jan 23, 2024
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treasury which has more specialization to go after the ftx's and future sbfs and financial fraudsterse we can shut down these bureaucracies but smart how we reorganize some of them into bureaus or agencies that have not been corrupted in the same way, still for god's sake, the j. edgar building that people walk into every day for work. they celebrate that legacy, larry. i do think shutting this down, but doing it in a way reasoned and rational in a way a ceo would can actually shut down these agencies in a way that leaves us better off, not worse off. larry: another one vivek, you know the misuse of foreign intelligence for political purposes. >> yes. larry: now we singled out the cia. it is not only the cia. it is the whole defense and intelligence community if you will. stuff has happened in the last bunch of years that should never have happened and to this day i don't know who has been accountable, who has been doing this, whether the buildings have been you know, swept and replaced and reformed but this too, i think it's in the back of peoples' minds. i think it will affect their
treasury which has more specialization to go after the ftx's and future sbfs and financial fraudsterse we can shut down these bureaucracies but smart how we reorganize some of them into bureaus or agencies that have not been corrupted in the same way, still for god's sake, the j. edgar building that people walk into every day for work. they celebrate that legacy, larry. i do think shutting this down, but doing it in a way reasoned and rational in a way a ceo would can actually shut down these...
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Jan 11, 2024
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. >> it's like -- because they were the only name in town, so you have ftx, which doesn't exist anymoreu've got binance, which is in trouble. until now, coinbase was the only legitimate way in america to trade bitcoin. so they were able to raise prices, which they did earlier last year, and they could. going forward, they're not going to be able to do that. that this why this moment is so important. that's why it's not a good day for coinbase, because pricing is coming down. >> i said, what about those -- let's call them bitcoin purists or maybe the people who hold it now say they're going to leave it on coinbase. it gives me this feeling of self-custody, even if that's not what is going on. that's part of the appeal of bitcoin is its decentralized nature and not owning an etf. can't coinbase do okay if people continue to hold it on their platform? >> that's a great question. they only make money when you trade in and out. so if you just sit there and say, i'm nottouching it. i think it's a ten-year thing, they hold it for you but they don't make money. they make money when there's vola
. >> it's like -- because they were the only name in town, so you have ftx, which doesn't exist anymoreu've got binance, which is in trouble. until now, coinbase was the only legitimate way in america to trade bitcoin. so they were able to raise prices, which they did earlier last year, and they could. going forward, they're not going to be able to do that. that this why this moment is so important. that's why it's not a good day for coinbase, because pricing is coming down. >> i...
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Jan 18, 2024
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i certainly would've thought thatwod've been true in the wake of the ftx debacle. it hasn't. why?n agency ad out there who thinks he already has the authority to address this uniquely 21stntury problem with a couple of statue passed in the 1930s. he's goingto waive his want and say the words investment cts are ambiguous and that is want to suck all of this in regulatory orbit, even though when that same person is essor that this is probably a job for the cfdc. >> i was just going to say let's assume for the sake of argument that i agree th s oke problem we are not applying a fictional presumption. congress has told us we want e court to decide questions of law.r nel in the last argument talks about how litigants will be ni up for state -- cases decided under step two to reopen challenges to the agency's intetion. what you have to say about the destcte consequences of overruling? >> i think the solicitor gera will be saying the exact opposite if this court overrules this decision what i would say is this cot has moved away dramatically from certain methods more dramatically than ju
i certainly would've thought thatwod've been true in the wake of the ftx debacle. it hasn't. why?n agency ad out there who thinks he already has the authority to address this uniquely 21stntury problem with a couple of statue passed in the 1930s. he's goingto waive his want and say the words investment cts are ambiguous and that is want to suck all of this in regulatory orbit, even though when that same person is essor that this is probably a job for the cfdc. >> i was just going to say...
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Jan 11, 2024
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i don't know about you guys, but i got shaken out during that ftx shenanigans. that was kind of scary. the idea that we might see some of those institutions go down and having your bitcoin there or whatever it was. so i can't spent a lot of time on it, but this is a big validation. >> i think -- find yourself a basket beyond bitcoin, and this is the really, really tough part, but there's no question that the digital current si world, the digital token world, is back. now, it's back in a very different way and i think we've shaken a lot of, you know, bizarre and dead wood out of the trees and i think it's time for people to look at who is selling them what. >> we've got a news alert here on the situation in the red sea. reports that uk prime minister rishi sunak has authorized joint military strikes against the houthis. the uk has authorized these strikes. we had rearadmiral mark montgomery on earlier today, saying that these offensive strikes could be very effective in terms of limiting the capability office the houthis and sort of putting a damper on the situat
i don't know about you guys, but i got shaken out during that ftx shenanigans. that was kind of scary. the idea that we might see some of those institutions go down and having your bitcoin there or whatever it was. so i can't spent a lot of time on it, but this is a big validation. >> i think -- find yourself a basket beyond bitcoin, and this is the really, really tough part, but there's no question that the digital current si world, the digital token world, is back. now, it's back in a...
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Jan 12, 2024
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it would have blown up, i believe, many ftx, and it didn't after finishing tx. >> there's a lot of bad players in all start-up things, and this was a great example i think it's becoming more legitimatized, i think the advent of bitcoin etfs is an example that we're creating more safety -- >> let me ask you this, would you do an xrp etf? i know you've got ether, can you answer that? >> i can't. [laughter] and you don't want me to. >> i do. >> well, i can't. >> all right. they're giving me the wrap. thank you -- >> charlie, thank you. >> you're a good sport. you are the best in the business. remember, he started, harry finm a geek -- started blackrock at zero. it's $10 trillion. it's amazing to me. back to you guys. ashley: it is remarkable. larry, great stuff. charlie, the geek, thank you so much too. really interesting conversation. thank you, larry. >>> all right, now to this: american jets strike houthi rebels in yemen to protect international trade routes from attack. but worries about the war escalating into a regional conflict has shipping prices and energy costs shooting higher.
it would have blown up, i believe, many ftx, and it didn't after finishing tx. >> there's a lot of bad players in all start-up things, and this was a great example i think it's becoming more legitimatized, i think the advent of bitcoin etfs is an example that we're creating more safety -- >> let me ask you this, would you do an xrp etf? i know you've got ether, can you answer that? >> i can't. [laughter] and you don't want me to. >> i do. >> well, i can't. >>...
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Jan 2, 2024
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well, disgraced ftx founder sam bankman-fried.facing a second trial for the remaining charges he was facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial led to a guilty verdict for bankman-fried back in november. prosecutors said they will not pursue the remaining charges in order to get to a faster resolution serve the public interest, give closure to the victims. 93 was convicted of defrauding cryptocurrency customers and investors of billions of dollars now faces several years in prison. state farm insurance says it is expected to raise the rate. state officials gave the comlany the green light to raise its homeowner rate by 20% starting in march, state farm is blaming the rate change >> welcome back to the kron. 4 morning news. happy new year to you. hey, we'll enjoy the dry commute. so far things are going to switch gears at some point today. good morning, jon. yeah, good morning. and we are looking at a rainy finish to the day today. we are starting dry, though. so. >> as you're
well, disgraced ftx founder sam bankman-fried.facing a second trial for the remaining charges he was facing federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial led to a guilty verdict for bankman-fried back in november. prosecutors said they will not pursue the remaining charges in order to get to a faster resolution serve the public interest, give closure to the victims. 93 was convicted of defrauding cryptocurrency customers and investors of billions of...
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Jan 11, 2024
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cheryl: what do you say of those who remember recent news with sam bankman-fried, ftx global, concernsbout hackers, concerns about cyber theft? those issues really haven't gone away? >> well there is still so much regulatory uncertainty with crypto but there is nothing more certain now than bitcoin and bitcoin being here to stay and wall street coming in legitimizing this space is inevitable. they see what all of us see in bitcoin, regulatory clarity, a superior technology, the hardest asset known to humanity and best performing investment in the last decade. they're motivated by number go up as we are but the best thing no matter how many of these firms or major companies or country buy bitcoin the supply is inelastic, and rules are unchangeable. if someone doesn't like the et. if they can learn about bitcoin and hold it on their own. bitcoiners are learning tools to have ability of self-custody and tools that preserve the network decentralization. this is situation where everyone benefits by adopting bitcoin. cheryl: it is so much easier. you can go to the fidelity account, schwab ac
cheryl: what do you say of those who remember recent news with sam bankman-fried, ftx global, concernsbout hackers, concerns about cyber theft? those issues really haven't gone away? >> well there is still so much regulatory uncertainty with crypto but there is nothing more certain now than bitcoin and bitcoin being here to stay and wall street coming in legitimizing this space is inevitable. they see what all of us see in bitcoin, regulatory clarity, a superior technology, the hardest...
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Jan 2, 2024
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and disgraced ftx founder sam bankman-fried is not going to face a second trial. >> for the remaining charges against him, federal prosecutors originally split off 5 leftover charges to delay are avoid delaying sorry, the trial that he ended up being convicted and he was back in november. and prosecutors now say they're not going to pursue the remaining charges that allow a faster resolution serving the public interest in giving closure to the victims for the first trial that already happened. bankman-fried was convicted them of defrauding cryptocurrency customers. investors of billions of dollars and he now faces several years in prison. in the east bay. fire crews put out a home fire in pleasanton. take a look because we have a picture of what it was really blazing and on fire. this home is on parrot street and it was on fire sunday afternoon. you can kind of tell there where it started. they say that it was in the garage, but then look at also spread to a car that was in the driveway. firefighters were able to put it out and 4 people inside the home. we're able to get out without i
and disgraced ftx founder sam bankman-fried is not going to face a second trial. >> for the remaining charges against him, federal prosecutors originally split off 5 leftover charges to delay are avoid delaying sorry, the trial that he ended up being convicted and he was back in november. and prosecutors now say they're not going to pursue the remaining charges that allow a faster resolution serving the public interest in giving closure to the victims for the first trial that already...
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Jan 2, 2024
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and disgraced ftx founder sam bankman-fried is not going to face a second trial for the remaining charges child against him. federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial that led to the guilty verdict for him in november. the prosecution now says that they're going not pursue any more of those remaining charges in order to get a faster resolution to serve the public interest and to give closure to the victims. bankman-fried was convicted of defrauding cryptocurrency customers and investors of billions of dollars and he now faces several years in prison. in the east bay. fire crews rushed put out a home fire in pleasanton. take a look at pictures of the blaze. as you can see here, this is the parrot street. it happened sunday afternoon. the fire, as you can see, can tell that it's in a garage. that's where they determined it started. and then it spread to a car right there in the driveway as well for people who were in the home at the time were able to get out without injuries. they're still investigating the cause of the fire. >> all of the n
and disgraced ftx founder sam bankman-fried is not going to face a second trial for the remaining charges child against him. federal prosecutors originally split off the 5 leftover charges to avoid delaying the trial that led to the guilty verdict for him in november. the prosecution now says that they're going not pursue any more of those remaining charges in order to get a faster resolution to serve the public interest and to give closure to the victims. bankman-fried was convicted of...
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Jan 29, 2024
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not investors in ftx for those reasons that we did see red flags and we've been involved with coinbaseenture capital is risky and lose a lot of money in investments but are based in the ud and take u.s. regulations very, very seriously and strong advocates for more guardrails around the technology. >> talking a lot about a.i. you write in your book about a.i. and tokenization and the need for that especially when it comes to this idea of deepfake. saw a deepfake of taylor swift that was taken down, but after 50-some odd million people sought it last week? what does that mean long term? >> yeah. i'm very excited about a.i. obviously. our firm invests in a lot of a.i. powerful new technology. deepfakes will be increasingly common and you'll see advanced phishing and counterfeit people. going to be very hard to tell on the internet what's real and what isn't. i believe, and write in the book, blockchains of an important countermeasure. creating an immutable audit trail saying this video came from cnbc. came from the "new york times." >> required for any of the social media sites? >> i thi
not investors in ftx for those reasons that we did see red flags and we've been involved with coinbaseenture capital is risky and lose a lot of money in investments but are based in the ud and take u.s. regulations very, very seriously and strong advocates for more guardrails around the technology. >> talking a lot about a.i. you write in your book about a.i. and tokenization and the need for that especially when it comes to this idea of deepfake. saw a deepfake of taylor swift that was...
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Jan 22, 2024
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centur phenomenon of cryptocurrency wouldave been addressed by congress and certainly in the wake of the ftxt hasn't happened, why? because there's angency head out there that thinks he already has the authority to addresshis uquely 21st century problem with a couple of statutes passed in the 1930's and wave his wand and say investment contract are ambiguous and suck all ofegular when he as professor said this is a job for the-- >> i'm sorry, ask you, to addres assume for the sake of argument i agree with you in 706 congress has spoken toprle thatg a fictional presumption, but congress told us, we want courts to decide questiof law. the solicitor general o the last argument talked about how litigants will beining up for cases under step two seeking to reopen the challenge interpreta what do you have to s about the disruptive consequences. >> i think the sit cou overrule the decision and no, you've got to look at generality. that t movedramatically away from interptation. more than just we looked at interpretive history less. and as far as i can tell are dead. in the bad old days that's ipso
centur phenomenon of cryptocurrency wouldave been addressed by congress and certainly in the wake of the ftxt hasn't happened, why? because there's angency head out there that thinks he already has the authority to addresshis uquely 21st century problem with a couple of statutes passed in the 1930's and wave his wand and say investment contract are ambiguous and suck all ofegular when he as professor said this is a job for the-- >> i'm sorry, ask you, to addres assume for the sake of...
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Jan 17, 2024
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i certainly would've thought that would've been true in the wake of the ftx debacle. it hasn't. why? because there is an agency head out there who thkse already has the authority to adess this uniquely 21st-century problem tha couple of statues passed in the 1930s. he's going to waive his want and say the words investment contracts are ambiguous and that is want to suck all of this into my regulatory orbit, en though when that same person is a professor that this robably a job for the cfdc. >> i was just gointo say let's assume for the sake of argument that i agree that in 706 congress has spoken to the prlewe are not applying a fictional presumptio congress has told us we want the court to decide questions of law. solicitor general in the last gunt talks about how litigants will be lining up for state -- cases decided under step two to reopen challenges to the agency's interpretation. what you o say about the destructive consequences of erruling? >> i think the solicitor general will be sinthe exact opposite if this court overrules this decision. what uld say is this court has
i certainly would've thought that would've been true in the wake of the ftx debacle. it hasn't. why? because there is an agency head out there who thkse already has the authority to adess this uniquely 21st-century problem tha couple of statues passed in the 1930s. he's going to waive his want and say the words investment contracts are ambiguous and that is want to suck all of this into my regulatory orbit, en though when that same person is a professor that this robably a job for the cfdc....
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Jan 17, 2024
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safeguarding -- we have seen with ftx what happens when you trust your asset to a broker and the broker needs to buy a home in the bahamas. we need to make sure assets are safeguarded. on the other hand, the s.e.c. is working on a safeguarding rule that seems pretty well designed for intangible assets like crypto, but i would think they would write a separate room for tangible assets, such as real estate. mr. benson, is the rule they are working on well-designed for tangible assets, particularly, real estate? >> thank you, mr. sherman. no, it's not. the rule is overly broad and undefined and captures a number of traditional assets, and really, upends the existing custodian relationship. frankly, it's inconsistent with how prudential regulators govern custodians as well. the commission really needs to go back to the drawing board on that rule. if their intent is to focus on nontraditional assets, as you point out, crypto, or if it's to focus on registered investment advisers in the retail space, they far overshoot the mark with what they have done. >> they have also overshot with regard
safeguarding -- we have seen with ftx what happens when you trust your asset to a broker and the broker needs to buy a home in the bahamas. we need to make sure assets are safeguarded. on the other hand, the s.e.c. is working on a safeguarding rule that seems pretty well designed for intangible assets like crypto, but i would think they would write a separate room for tangible assets, such as real estate. mr. benson, is the rule they are working on well-designed for tangible assets,...
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Jan 23, 2024
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something that in financial services, has been a key term for a long time, but i would argue, after ftx. and then there's the technology side, which has much more to do with which products do you offer, how do you research those products. so we focused a lot on building a multi-asset platform, where you can buy bonds and options, crypto equities all in one place. >> we're going to run out of time. 30 seconds, do you have a take on bitcoin? >> you know, we've seen crypto trading search, in q4, with all of these etf news. we're still seeing in the retail community after those etfs came online that there's a lot more trading happening in the sort of traditional crypto. >> if you call it that. it's kind of weird to call it that. the etfs are among the more bought etfs, but there are still multiples higher happening. >> you've got to come on back so we can talk more about it. >> still to come, rundown of this morning's big earnings, lots of them. and we'll have former s.e.c. chair, jay clayton on esg and exxon's move to stew two activist investors over trying orce the company to cut emission
something that in financial services, has been a key term for a long time, but i would argue, after ftx. and then there's the technology side, which has much more to do with which products do you offer, how do you research those products. so we focused a lot on building a multi-asset platform, where you can buy bonds and options, crypto equities all in one place. >> we're going to run out of time. 30 seconds, do you have a take on bitcoin? >> you know, we've seen crypto trading...