He’s currently hiding out in the Bahamas, where FTX, the crypto exchange platform he founded, has a number of lavish penthouses.
Luno, South Africa’s biggest cryptocurrency exchange, is directly linked to companies affected by the collapse of FTX.
Amphetamines and partner-swapping appear to be par for the course inside SBF’s luxurious penthouse in the Bahamas.
It’s never a good sign when your public unravelling is described as “one of history’s greatest-ever destructions of wealth”.
The past seven days have been total and utter carnage in the crypto world. At the centre of it all is crypto exchange FTX and its now former CEO, Sam Bankman-Fried.
Dubbed ‘Crypto’s white knight’ after he repeatedly bailed out rivals who had landed themselves in trouble, the man known as SBF watched his wealth crash and burn.
Pick n Pay has been experimenting with cryptocurrency payments for a couple of years now and has just expanded its crypto offering across the nation.
The financial news has been somewhat bleak of late and we keep hearing words like inflation, recession, bear market, and Crypto Winter.
You need not look any further than three of the world’s largest financial institutions to see the dramatic shift taking place – JP Morgan, BlackRock, and Goldman Sachs.
DeFi (Decentralised Finance) is the rapidly growing sector of personal finance products built on blockchains using cryptocurrencies.
We’ve all heard about inflation, but few know that we are experiencing the highest inflation rate in forty years.
You can’t predict wars or pandemics, but you can use safe-haven assets to secure value against the market.
Gold has outperformed Bitcoin and the S&P 500 by over 5% this year.
Armed conflict, sanctions imposed on Russia and the rising possibility of nuclear fallout, all create uncertainty in the markets.
When trying to understand the nuances of a specific cryptocurrency, it can be helpful to think of a crypto project as something similar to a high-growth start-up.
Given what we know now, we would have jumped at the chance to invest in internet companies like Amazon and Google back in the 90s. But, back then, picking the winning investment of the internet age wasn’t as easy as you think.
In the stock market, you’ll find loads of different sectors with companies solving similar problems. Today, the crypto space is no different.
For decades there has been a prevailing belief to “buy low and sell high” in order to be profitable when investing. It’s time to retire that expression.
The idea is to invest across multiple cryptos so that a drop in prices of one does not significantly reduce your overall portfolio’s profitability.
Now that crypto is becoming more mainstream, is it possible that you missed the boat? Are you wondering if the markets will still grow? Is it even worthwhile to start investing?
Understanding what drives events like the weekend’s dip is exceptionally valuable to crypto investors.
Names like Ethereum, Solana, Polkadot and maybe even some lesser-known ones like Terra and Binance Coin are becoming more recognisable.
The markets may be experiencing a volatile start to the year, but 2022 is gearing up to continue the adoption pace of crypto that 2021 set.
With the first public companies and legendary investors publicly stating their support for Bitcoin, 2021 will go down as the year of mass adoption and the beginning of institutional interest in crypto.
While we have seen a recent pullback in the crypto market, the phrase that continues to ring true is: “It’s not about timing the market but rather time in the market.”
As they say in the business, time in the market beats timing the market.
Regardless of bull or bear markets, Bitcoin has returned over +27% a year for any five-year period in its history.
It’s an exciting time for the crypto investor, and given the amount of evidence suggesting that an alt season may be incoming, getting up to speed will place you in good stead to make the most of it.
It’s an exciting time for the crypto investor, and given the amount of evidence suggesting that an alt season may be incoming, getting up to speed will place you in good stead to make the most of it.
Not only has Bitcoin grown into an asset with a market cap exceeding $1 trillion, but it also introduced the world to the concept of a transactional system that is inherently secure.