Bankman-Fried’s Lavish Lifestyle Allegedly Revealed, Cuban Warns of Wash Trade Implosion, Experts Expect Soaring Gold Prices in 2023 — Week in Review – The Weekly Bitcoin News
Extra info has come to mild allegedly revealing the lavish life-style of FTX co-founder and “altruist” Sam Bankman-Fried, because the failed former crypto trade CEO additionally fights for Robinhood shares he says he wants greater than clients. In different information, Shark Tank star Mark Cuban has warned {that a} crypto implosion may come from “the discovery and removal of wash trades” on exchanges. Lastly, specialists have predicted gold costs will soar in 2023. All this just under within the newest Bitcoin.com News Week in Review.
FTX Co-Founder’s Alleged Extravagance Involves Mild in Chapter Court docket Paperwork
Following the courtroom submitting that reveals FTX co-founder Sam Bankman-Fried (SBF) desires entry to FTX’s $460 million in Robinhood shares, Delaware chapter courtroom paperwork present tens of thousands and thousands had been spent by the FTX workforce in 2022 on residing lodging, accommodations, meals, and flights. Furthermore, SBF’s quantitative buying and selling agency allegedly owes greater than $55,000 to Jimmy Buffett’s seaside resort, Margaritaville, after Alameda and FTX executives occupied 20 suites for a couple of months final yr.
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SBF Fights for Robinhood Shares — Says He Wants Them Extra Than FTX Prospects Who Solely Endure ‘Possibility of Economic Loss’
Disgraced FTX founder Sam Bankman-Fried (SBF) is making an attempt to regain entry to his Robinhood shares, value over $460 million. The former CEO of the collapsed crypto trade claimed that he wants them to “pay for his criminal defense,” stressing that with out them the implications could be severe and “irreparable.” FTX clients, however, “face only the possibility of economic loss,” SBF’s courtroom submitting states.
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Billionaire Mark Cuban Warns of Subsequent Crypto Implosion Coming From Wash Trades
Mark Cuban, a Shark Tank star and the proprietor of the NBA workforce Dallas Mavericks, has warned that the following crypto implosion may come from “the discovery and removal of wash trades” on centralized exchanges. The billionaire’s feedback adopted the collapse of crypto trade FTX which worn out billions of {dollars} of buyer funds.
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Gold Prices Expected to Soar in 2023: Experts Predict Document Highs for Treasured Steel
Gold is on the rise in 2023 and within the first week of the brand new yr alone, the dear metallic has jumped 2.36% in opposition to the U.S. greenback. Over the previous 65 days, gold has soared 14.55% whereas silver has skyrocketed 22.31% in opposition to the dollar since Nov. 3, 2022. In line with the pinnacle of metals technique at MKS Pamp Group, there’s a “decent amount of bullish ‘pent-up’ demand that has been carried over from last year” for gold.
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