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☆ Caroline Ellison rose to the top job at Alameda Research while leaving behind a trail of online hot takes about crypto, race science, and polyamory. Here are some of her most striking quotes.
▼ + stars: | 2022-11-22 | by ( Lakshmi Varanasi | Yoonji Han | ) www.businessinsider.com time to read: +2 min

Caroline Ellison was behind the scenes at FTX, but has emerged as a viral character amid the company's implosion. Twitter and Tumblr accounts thought to be linked to Ellison contain musings about race science and gender roles. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Ellison was the CEO of Alameda Research, a trading firm that borrowed customer funds from FTX to cover its losses and make risky bets. Until recently, Ellison was a shadow behind the success of FTX and Sam Bankman-Fried, who was widely regarded as a crypto wunderkind.

☆ Lower valuations, regulatory crackdowns, and a push for DeFi: 5 VCs break down their crypto-market outlooks after FTX's swift downfall
▼ + stars: | 2022-11-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +9 min

FTX, the crypto exchange once worth $32 billion, filed for Chapter 11 bankruptcy on Nov 11. FTX, the crypto exchange reportedly worth $32 billion in February, filed for Chapter 11 bankruptcy on Nov. 11. A regulatory crackdown and the bull case for DeFiInsider asked five venture investors about their biggest takeaways from the fallout. "First, the crypto market is being de-leveraged, which paves the way for the next upturn. Risks of FTX's downfall could have been mitigated with a "hands on approach" by venture investors.

☆ Elizabeth Holmes Is Sentenced to More Than 11 Years in Prison for Defrauding Theranos Investors
▼ + stars: | 2022-11-18 | by ( Heather Somerville | Christopher Weaver | ) www.wsj.com time to read: 1 min

Elizabeth Holmes, the founder of Theranos Inc. who was convicted of defrauding investors, was sentenced to more than 11 years in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind who promised to revolutionize blood testing. U.S. District Judge Edward Davila, who oversaw the trial in which Ms. Holmes was found guilty of running a yearslong fraud scheme at her blood-testing company, delivered the sentence Friday in federal court. A jury convicted Ms. Holmes in January on four charges that she misrepresented the startup’s technology, finances and business prospects to investors.

☆ Elizabeth Holmes Is Sentenced to 11.25 Years in Prison for Defrauding Theranos Investors
▼ + stars: | 2022-11-18 | by ( Heather Somerville | ) www.wsj.com time to read: 1 min

Elizabeth Holmes, the founder of Theranos Inc. who was convicted of defrauding investors, was sentenced to more than 11 years in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind who promised to revolutionize blood testing. U.S. District Judge Edward Davila, who oversaw the trial in which Ms. Holmes was convicted of running a yearslong fraud scheme at her blood-testing company, delivered the sentence Friday in federal court. A jury convicted Ms. Holmes in January on four charges that she misrepresented the startup’s technology, finances and business prospects to investors.

Two years later, Bautista and hundreds of thousands of other FTX customers are in limbo, shocked and unsure what happens next. FTX has paused customer withdrawals, and there’s growing doubt that customers will be able to recover any of their assets. “It’s lost at this point.”Bautista, 34, got the FTX itch thanks in part to flashy advertising. FTX, boosted by celebrities like NFL giant Tom Brady and pumped up by Silicon Valley bigwigs, struck Bautista as the most reliable crypto platform on the market. The firm has started the process of filing for Chapter 11 bankruptcy, Bankman-Fried has resigned — and Bautista lost access to his crypto portfolio.

☆ The bulldog lawyer who helped recoup billions from MF Global's bankruptcy says investors burned by FTX may not be so lucky
▼ + stars: | 2022-11-16 | by ( Emmalyse Brownstein | Alex Morrell | ) www.businessinsider.com time to read: +6 min

The bulldog attorney and hedge fund manager says he sees similarities between MF Global and FTX, but also thinks it could be tougher for FTX customers to get their money back. Koutoulas' behind-the-napkin analysis is that FTX customers stand to recoup just 10 cents on the dollar in bankruptcy. But MF Global was also in a much stronger position financially when it filed for Chapter 11 bankruptcy on Halloween 2011. Of course, that does little to help FTX customers who were wiped out. "MF Global went bankrupt.

☆ Wall Street has made serious strides to embrace crypto this year. But after FTX's implosion, a regulatory crackdown is imminent.
▼ + stars: | 2022-11-15 | by ( Morgan Chittum | Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In a stunning downfall, crypto platform FTX filed for Chapter 11 bankruptcy protection on Nov. 11. Crypto sentiment from Wall Street giants has come a long way over the past few years. After FTX's disaster, a crackdown on digital assets is imminent. Prominent government officials quickly spoke out against the crypto platform last week. Gensler says that the agency's aggressive stance on digital assets is an effort to protect investors and may encourage further crypto adoption.

Officials at the crypto giant FTX have moved all digital assets offline as they investigate possible theft of crypto assets following their bankruptcy filing, their general counsel announced late Friday. That followed an earlier tweet from Miller that said officials were "investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges — unclear facts as other movements not clear." “FTX has been hacked,” an account administrator in the FTX Support Telegram channel wrote in a message, according to CoinDesk. The announcement followed the news that FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Founded in 2019, FTX had within two years grown to 1 million worldwide users, with an average of $10 billion in daily trading volume.

☆ Sam Bankman-Fried's sudden turn from white knight to washout
▼ + stars: | 2022-11-12 | by ( Hannah Lang | ) www.reuters.com time to read: +3 min

But as traders rushed to withdraw funds from FTX, Bankman-Fried was in denial and told investors he was convinced the business would be rescued, according to a source familiar with the situation. Bankman-Fried also quickly became one of the largest Democratic donors in the United States, contributing $5.2 million to President Joe Biden's 2020 campaign. He amassed a fortune, estimated as high as $26.5 billion by Forbes a year ago, by taking advantage of the price differences in bitcoin in Asia and the United States. Bankman-Fried eventually started crypto trading firm Alameda Research in 2017 and founded FTX a year later. "I thought we would fail," Bankman-Fried said at a June conference weeks before FTX and Alameda extended lifelines to two struggling crypto platforms.

The crypto giant FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Bankman-Fried sent out a series of tweets on Friday stating his hope that FTX would be able to continue as a going concern following its bankruptcy. Media outlets have reported that the Securities and Exchange Commission and Justice Department are now investigating FTX. In the days following the report, rival crypto exchange Binance announced it was liquidating its FTT holdings. Unable to find an out, FTX announced its bankruptcy filing Friday morning.

☆ Crypto CEO warns his industry faces 2008-style crisis
▼ + stars: | 2022-11-11 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The reeling crypto industry faces a 2008-style crisis that will lead to a much-needed regulatory crackdown, crypto CEO Changpeng Zhao warned on Friday. We’ve been set back a few years,” Zhao, the CEO of cryptocurrency exchange Binance, said during a conference in Indonesia. “Regulators, rightfully, will scrutinize this industry much, much harder, which is probably a good thing to be honest,” Zhao said. The Binance CEO accused FTX of “misappropriating” user funds. Bankman-Fried, the 30-year-old crypto wunderkind behind FTX, said on Friday he’s “really sorry” about what happened at his firm.

☆ Crypto: What's next as FTX collapse triggers 'Lehman moment'?
▼ + stars: | 2022-11-11 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

And can the beaten-down crypto industry bounce back? What’s clear is that the fallout from the FTX crisis injects significant volatility into the crypto ecosystem. “Thank God!”Can the crypto industry survive? “In the short term, this is going to be really, really bad for the crypto industry,” said Jog of Sei Labs. Fok said he expects the FTX collapse will push institutional investors away from the crypto space just as they had been warming up to it.

☆ Insana: The manic speculation behind the fall of FTX is as old as the markets themselves
▼ + stars: | 2022-11-10 | by ( Ron Insana | ) www.cnbc.com time to read: +2 min

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty ImagesWith a nod to Gertrude Stein, "there's no there there," in the world of cryptocurrencies. Whether it's manias in Sumerian grain markets, Dutch tulip bulbs, railroad bonds and everything from internet service providers to digital currencies, leveraged speculation is as old as markets themselves. Digital assets that don't exist in reality have been used as collateral to buy and sell other non-existent assets with a heavy dose of borrowed money. This creates a daisy chain of interlocked digital tokens that have no inherent value except what people are willing to ascribe.

☆ Crypto's self-appointed savior just reached for a lifeline
▼ + stars: | 2022-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

He’s an entrepreneur whose name often appears alongside descriptors like “wunderkind,” “savior,” white knight, “digital Warren Buffett,” etc. Then, in a truly unexpected twist, Binance said it had offered to buy FTX to resolve its liquidity crisis. The news prompted a brief recovery in digital assets but wasn’t enough to calm anxious investors. Other digital assets and equities tied to the industry, such as Coinbase, also fell. There’s a lot to figure out still, but we can expect digital assets to remain volatile until more details about the FTX-Binance deal are made public.

☆ At least 7 Republicans vying for a spot in Congress this November were at the Capitol on January 6
▼ + stars: | 2022-11-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Several Republican candidates for Congress have ties to the January 6 Capitol attack. Van Orden at the time wrote that he had been in Washington, DC, for "meetings and to stand for the integrity of our electoral system as a citizen." A representative for Van Orden did not immediately respond to Insider's request for comment. Smith won a crowded primary against seven other Republican candidates in May and secured Trump's endorsement in September. Jeff Zink is up against Democratic incumbent Rep. Ruben Gallego in Arizona's 3rd Congressional District.

Earlier this summer, Snap executives told managers they should put at least 10% of their teams on performance improvement plans. In a few weeks, Snap employees have gone from feeling relatively stable to joking that they now work at "Snapazon," a reference to the sometimes grueling, metric-heavy approach of Amazon. Snap is chopping the Snap Pixy mini drone, its accelerator program, Snap Originals, Snap Minis and its Games vertical. Other Snap workers expressed similar doubts about the company's acquisition strategy. AR likely will not be a major success story, despite Snap's leadership in the area.

Direcția Generală Educație, Tineret și Sport a Consiliului municipal Chișinău organizează și desfășurarea concursul „Mobilizarea Tinerilor în Antreprenoriat”, MTiA, ediția 2020. Tinerii cu vârstele cuprinse între 7-35 de ani se pot înscrie până pe de 30 noiembrie. Scopul concursului este de a familiariza copiii și tinerii cu activitatea de antreprenoriat și de a forma aptitudini de planificare, analiză, organizare și comunicare. La concurs tinerii pot participa individual sau în grup în baza următoarelor categorii:# Wunderkind: 7-13 ani;# High school: 14-18 ani;# Pro: 19-35 de ani. Dacă dorești să fii mereu la curent cu cele mai noi oportunități #diez, ești mereu binevenit(ă) și pe canalul nostru de Telegram.

Organizations: Sport Locations: Chișinău, Antreprenoriat

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