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Shark Tank star Kevin O’Leary has revealed that he and Sam Bankman-Fried have unsuccessfully tried to raise $8 billion to save the now-collapsed crypto exchange FTX. In other news, Russian President Vladimir Putin called for international payments based on digital currencies. All of this and more right below this issue of Bitcoin.com News Week in Review.
Shark Tank Star Kevin O’Leary aka Mr. Wonderful How He and Sam Bankman Freed (SBF) Raised Nearly $8 Billion From Institutional Investors Before Crypto Exchange FTX Crashed shared. However, all interested investors disappeared when reports emerged that FTX was being investigated by multiple authorities, including the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).
Following the demise of FTX and in its aftermath, people were wondering about the company’s Crypto Bahamas conference, which was scheduled to take place April 17-20, 2023 at Nassau’s posh Grand Hyatt Baha Mar. I was. The event, scheduled for April 2023, was to be hosted by his now-defunct FTX and Salt Conference promoters backed by Skybridge Capital.
Russian President Vladimir Putin believes a new system of international money transfers is needed to reduce dependence on big banks and third parties. He believes cross-border payments that rely on digital currencies and distributed ledger technology will become much more convenient.
Renowned author of the best-selling Rich Dad, Poor Dad, Robert Kiyosaki remains bullish on Bitcoin despite the collapse of crypto exchange FTX. He stressed that cryptocurrencies cannot be blamed for former FTX CEO Sam Bankman-Fried’s actions.
What are your thoughts on this week’s story? Let us know in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons, Editorial credit: plavi011 / Shutterstock.com
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