Shark Tank star Kevin O’Leary Bankman-Fried failed to raise $8 billion to save 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.
Kevin O’Leary reveals how he nearly secured $8 billion to save FTX before it collapsed
Shark Tank star Kevin O’Leary, aka Wonderful, shared how he and Sam Bankman-Fried (SBF) raised nearly $8 billion from institutional investors before crypto exchange FTX collapsed. 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).
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Sam Bankman-Fried invite-only crypto Bahamas event
FTX In the aftermath of the collapse of . . The event, scheduled for April 2023, was to be hosted by his now-defunct FTX and Salt Conference promoters backed by Skybridge Capital.
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Putin Calls for Global Payments Based on Blockchain and Digital Currencies
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.”
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Robert Kiyosaki: I’m Still Bullish on Bitcoin — Cryptocurrencies Due to FTX Collapse No
Robert Kiyosaki, renowned author of the best-selling book Rich Dad Poor Dad, 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.
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