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☆ Fanatics is divesting its 60% stake in NFT company Candy Digital
▼ + stars: | 2023-01-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC. Candy Digital was founded in June 2021 in the middle of the sports NFT boom, competing with companies like Dapper Labs in the digital sports collectible space. It also released digital collectibles with Netflix 's Stranger Things, WWE , and several Nascar teams. Dapper Labs, the company behind NBA Top Shot and NFL All Day digital trading platforms that ranked No. "Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business," Rubin wrote.

☆ Send Sam Bankman-Fried to prison, Elon Musk suggests, while Binance's boss calls him a 'master manipulator'. 8 top figures weigh in on the disgraced FTX founder.
▼ + stars: | 2022-12-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

FTX founder Sam Bankman-Fried is racking up critics after the implosion of his crypto exchange. Here's what top voices like Elon Musk, Bill Ackman and Binance boss CZ have said, in 8 top quotes. Now the crypto CEO is under fire from all sides, from Elon Musk and Bill Ackman to "Shark Tank" investor Mark Cuban. Given that, the crypto exchange boss said he feels like the mainstream media has given Bankman-Fried softball interviews. The crypto bull believes Bankman-Fried will probably end up in jail, but doesn't think he was acting alone.

☆ Russian oil just got hit with sanctions and a price cap after months of lead up. Here's what it means and what happens next.
▼ + stars: | 2022-12-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

If you take anything away from today's newsletter, let it be this: As of today, Russian oil faces a new European Union embargo, as well as a price cap. EU leaders have been debating a price cap for months, but on Friday agreed to a $60-a-barrel level. Some analysts predict Russian oil exports could drop by 1 million barrels per day, or about 20% of its seaborne volume. She told me over a video call from London that, ultimately, oil markets probably won't react dramatically in either direction. What do you think is the most likely outcome of the new sanctions on Russian oil?

☆ Mike Novogratz backs off his call for bitcoin to hit $500,000 in 5 years, blaming the Fed's rate hikes
▼ + stars: | 2022-12-02 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Mike Novogratz believes it'll take longer than he previously expected for bitcoin to hit $500,000. Federal Reserve rate hikes have suppressed the token's value this year, the Galaxy Digital CEO said. Novogratz had previously predicted bitcoin would hit $500,000 within five years. "No, not in five years," he told Bloomberg TV when asked about a previous prediction he'd made that bitcoin would hit $500,000 by 2027. "The Fed's in control and they're doing a darn good job and that's the main reason why crypto went down," he said.

☆ Sam Bankman-Fried was 'delusional' about how FTX collapsed and the culpability he deserves, Mike Novogratz says
▼ + stars: | 2022-12-01 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried is "delusional" about the downfall of FTX and his level of culpability in it, Mike Novogratz said. At the DealBook Summit, Bankman-Fried tried to deny having any knowledge of what was happening in his crypto empire. But while speaking to CNBC on Thursday, Novogratz wasn't buying any of it. Sam was delusional about what happened and his culpability in it," the Galaxy Investment Partners chief executive said. "They perpetuated a large fraud and it wasn't just Sam," Novogratz said.

☆ Billionaire bitcoin bull Mike Novogratz says crypto should and will be regulated and the FTX disaster has created a 'deficit of trust' in the whole industry
▼ + stars: | 2022-11-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The FTX disaster has created a "deficit of trust" in crypto, according to bitcoin bull Mike Novogratz. The industry should and will get regulated he said, pointing to the fallout of Sam Bankman-Fried's crypto exchange. But while investors are being rocked by this bout of volatility, crypto isn't going anywhere, he told CNBC. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. And so in no world is bitcoin is going away, or quite frankly, the blockchain and Ethereum and everything else," he said.

☆ As Coinbase shares slide, Morgan Stanley lists major firms with potential FTX exposure
▼ + stars: | 2022-11-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Strategists at Morgan Stanley on Nov. 17 compiled a list of 63 institutions that may be exposed to losses or have their capital stuck on FTX's platform. The below table shows 19 of the companies identified by Morgan Stanley as having significant exposure to FTX. Of the 19 companies listed, 15 have confirmed some exposure to FTX (although figures may differ from Morgan Stanley's estimates). Temasek, the Singaporean state-owned holding company, said it had invested more than $200 million in FTX and FTX's U.S. subsidiary. Morgan Stanley also named Ledn, BlockFi, Amber Group, Skybridge Capital and Selini Capital as among the funds with potential exposure to FTX, but where values had not been disclosed.

☆ Factbox: From Genesis to Voyager, crypto firms' exposure to FTX is coming to light
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Dado Ruvic/Illustration/File PhotoNov 17 (Reuters) - After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. While the extent of the contagion across crypto markets remains unclear, here are some firms that have given information about their exposure to FTX. GENESISThe crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions on Wednesday, citing the sudden failure of FTX. It said it had no exposure to FTT, no exposure to Alameda Research and no loans to FTX. COINSHARESCrypto asset manager CoinShares has $30.3 million worth of exposure to crypto exchange FTX, CoinShares said in a statement on Nov. 10.

☆ This FTX saga is a lot worse for the infrastructure of crypto, says Mike Novogratz
▼ + stars: | 2022-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis FTX saga is a lot worse for the infrastructure of crypto, says Mike NovogratzMichael Novogratz, Galaxy Digital CEO, joins 'TechCheck' to discuss his thoughts around the FTX situation evolved, whether its meltdown could be long-term good for crypto and more.

☆ Binance chief CZ says El Salvador didn't hold any bitcoin on Sam Bankman-Fried's collapsing FTX
▼ + stars: | 2022-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

El Salvador doesn't have any bitcoin holdings in FTX, Binance CEO Changpeng "CZ" Zhao tweeted Thursday. He said 'we don't have any Bitcoin in FTX and we never had any business with them. He said 'we don't have any Bitcoin in FTX and we never had any business with them. El Salvador adopted bitcoin as legal tender in 2021 and touted plans for a bitcoin bond that have yet to come to fruition. According to Bloomberg data, El Salvador's bitcoin holdings have lost 60% of their value, with its 2,381 bitcoin now worth $41.5 million at current prices.

☆ Watch CNBC's full interview with Galaxy Digital CEO Mike Novogratz on FTX fallout
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Galaxy Digital CEO Mike Novogratz on FTX falloutGalaxy Digital CEO Mike Novogratz joins CNBC's 'Squawk Box' to weigh in on Binance's decision to back out of its acquisition of FTX, which now remains on the brink of collapse. "It has been a body blow to trust," Novogratz tells CNBC. "I'm furious."

☆ Galaxy Digital CEO Mike Novogratz on FTX: This has been a body blow to trust in crypto
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy Digital CEO Mike Novogratz on FTX: This has been a body blow to trust in cryptoGalaxy Digital CEO Mike Novogratz joins CNBC's 'Squawk Box' to weigh in on Binance's decision to back out of its acquisition of FTX, which now remains on the brink of collapse.

☆ Galaxy Digital to cut majority exposure to crypto exchange FTX
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - Crypto financial services company Galaxy Digital Holdings Ltd (GLXY.TO) said on Wednesday it would cut its exposure to embattled crypto exchange FTX by $47.5 million. Galaxy, founded by Mike Novogratz, disclosed it had a $76.8 million exposure to the company, a day after Binance said it was planning to buy smaller rival FTX. Major cryptocurrencies fell after the announcement, as investors were left wondering if the financial instability at FTX could spread to other players in the industry. Coinbase Global Inc (COIN.O) and USD Coin issuer Circle Financial have reassured investors of minimal exposure to FTX. Reporting by Niket Nishant in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Robin Hood Foundation picks Goldman Sachs executive Dina Powell McCormick as new chair
▼ + stars: | 2022-10-20 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Dina Powell, former deputy U.S. national security advisor, speaks during the Saudi-U.S. CEO Forum in New York, U.S., on Tuesday, March 27, 2018. Goldman Sachs executive Dina Powell McCormick has been named chair of the Robin Hood Foundation, a nonprofit backed by Wall Street executives and other business leaders that aims to combat poverty. McCormick, who was the group's vice chair, was elevated by the board to chair on Wednesday, the foundation announced in a statement. "For 35 years, Robin Hood has been fighting to elevate New Yorkers out of poverty. Being elected chair by her peers is a powerful recognition of Dina's history of service, leadership, and commitment to our mission," Robin Hood CEO Richard R. Buery, Jr. said in a statement.

☆ Powell Should Stress Hawkish Stance Against Inflation: Mike Novogratz
▼ + stars: | 2022-09-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Fed Chair Jerome Powell should stress the central bank's hawkish stance against inflation, Mike Novogratz said. "[Powell] threw us all off track a little bit two meetings ago when he said, 'I'm going to raise rates and then pause and watch.' "I think [Powell's] going to go, 'I'm going to raise rates. I'm going to stay vigilant and I'm going to raise rates until I see inflation start to crack," Novogratz said. Novogratz expects the Fed on Wednesday to raise the Fed funds rate by 75 basis points, a view largely held by investors.

☆ I do not expect a catastrophic fall in bitcoin prices, says Galaxy Digital CEO Mike Novogratz
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI do not expect a catastrophic fall in bitcoin prices, says Galaxy Digital CEO Mike NovogratzGalaxy Digital CEO Mike Novogratz joins CNBC's 'Squawk Box' to discuss the Federal Reserve's upcoming September meeting and what it means for cryptocurrencies and markets.

☆ Dow slides 300 points as investors brace for rate-hike decision from the Federal Reserve
▼ + stars: | 2022-09-20 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

US stocks closed lower Tuesday with the Dow Jones Industrial Average shedding more than 300 points. Investors remain fixated on the central bank ahead of the next rate hike announcement on Wednesday. The 2-year Treasury yield surged as high as 3.983% intraday, the highest since 2007. Stocks are under pressure from an anticipated 75-basis-point rate hike from the central bank, which will announce its policy decision Wednesday. The 2-year Treasury yield, which is sensitive to Fed moves, surged as high as 3.983% intraday to hit the highest rate since 2007.

☆ What to know about the booming psychedelics industry, where companies are racing to turn magic mushrooms and MDMA into approved medicines
▼ + stars: | 2022-06-30 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +17 min

In the early days of the industry, nonprofits and scrappy startups made up the psychedelics space. Research on compounds like psilocybin, the active compound found in magic mushrooms, and MDMA is resurfacing after years of neglect amid the war on drugs. Soon, VC firms focused on psychedelics companies began to emerge. Some psychedelics VCs, however, are still wary about entering the newest psychedelics space: Oregon's soon-to-be-legal magic mushroom market. Insider published a list of the psychedelics startups that raised the most cash in 2020.

☆ O familie a plătit doar cu bitcoin, timp de patru ani, călătorind în 40 de țări
▼ + stars: | 2020-12-09 | by ( ) www.jurnal.md time to read: +3 min

Timp de patru ani, familia a supraviețuit doar cu bitcoin. „Am așteptat până am găsit o persoană care era dispusă să accepte bitcoin”, a spus Didi Taihuttu, capul familiei Bitcoin. Adoptarea în masă a criptomonedelor în ultimii ani a făcut ca familia să poată tranzacționa criptomoneda, dar pentru a se descurca, au trebuit să devină creativi. Printr-o combinație de troc, negociere, carduri de debit bitcoin și convingerea vânzătorilor să accepte criptomoneda, familia a reușit să traverseze o mare parte din Europa, Asia și Oceania. Prețul bitcoin a atins maxime istorice, aproape de 20.000 de dolari, iar unii analiști spun că are încă spațiu pentru a urca mai sus.

Persons: Didi, Taihuttus, Mike Novogratz, Tom Fitzpatrick Organizations: olandeză, California, Galaxy, Citibank Locations: Kapıkule, Bulgaria, Turcia, Europa, Asia, Oceania, slovenă Ljubljana, Ljubljana, criptomonedă

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