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Latest from Jennifer Sanasie
Charlie Munger Calls for Crypto Ban in the US; Meta’s Metaverse Division Lost $13.7B in 2022
Berkshire Hathaway (BRK) Vice Chairman and staunch bitcoin skeptic Charlie Munger is calling for the U.S. to ban cryptocurrencies, according to his new opinion piece in the Wall Street Journal. Plus, Facebook parent Meta's Metaverse division lost $13.7 billion in 2002, according to its latest earnings report. And, PleasrDAO is set to auction off the infamous doge meme couch.
Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022; Will Bitcoin Hit $1M by 2030?
Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. This comes as a New York judge has prohibited former FTX CEO Sam Bankman-Fried from attempting to contact any former or current employees of Alameda Research or FTX. Plus, ARK Invest is out with its 2023 "Big Ideas" research report and predicts bitcoin (BTC) will still close the decade at $1 million because its fundamentals are sound, despite a turbulent 2022.
Independent Examiner Says Celsius Used New Customer Funds to Pay for Withdrawals; NFT Trademark Trial
Celsius Network misled its investors – and on occasion used new customer funds to pay for other customers’ withdrawals, the usual definition of a Ponzi scheme, an independent examiner for the U.S. bankruptcy court in New York said in a Tuesday filing. Plus, a closer look at why luxury brand Hermès is teeing up a legal battle against digital artist Mason Rothschild over his Metabirkins NFT collection.
Binance Partners With Mastercard to Launch Crypto Card in Brazil; The Debate Over NFTs on Bitcoin
"The Hash" hosts hash out today's hot topics, including Binance partnering with Mastercard to launch a prepaid crypto card in Brazil; Amazon's rumored push into Web3; why NFTs being allowed on Bitcoin is sparking heated debate online; and why did the English Premier League link up with digital trading card platform Sorare?
Silvergate Suspends Dividends on Preferred Stock; Argo Blockchain Faces Class-Action Suit
"The Hash" hosts tackle today's hot topics, including crypto bank Silvergate suspending preferred stock dividends as it looks to preserve capital; Bitcoin miner Argo Blockchain facing a class-action suit over alleged misleading statements made during its 2021 initial public offering and Sen. Ted Cruz's (R-Texas) resolution that would require Capitol Hill vending machines to accept crypto.