The new CEO of the cryptocurrency trading firm FTX, John Ray III, said he had never seen such a “complete failure” of corporate control in the fallout from the collapse of one of the largest crypto exchanges in the world.
Speaking with Brett Chang, co-host of The Peak Daily, Global’s Anne Gaviola discusses how FTX’s collapse is spurring calls for crypto regulation — and even a lawsuit.
Plus, already-high food prices are expected to continue increasing in 2023. The duo talks about why this might be happening.
For more top business and tech news, visit The Peak Daily at https://readthepeak.com/shows/the-peak-daily
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29 Comments
Ukraine 🇺🇦 money laundering seems like a big crime you need to report on
It should be regulated but standard rules can't apply. Self custody is the point of it.
I've only warned people about this for 4 years now… I guess I'm still delusional and paranoid 🤣🤣😂🤣😂🤣
Yea! The government shouldnt be using crypto to launder cash for campaign donations.
This is probably the least indepth reporting on a gargantuan fraud I've seen, there's a plethora of good information available out there, do reporters not research or are you try to parrot the selected outcome that crypto bad, which 99% is but it's these scam middleman exchange's and if you dug just a eeny weeny little bit and looked into Sam bankman Fraud his family and girlfriend and here family then alarm bells will go off. Decentralized is the answer. Hint. They were really against decentralization
CASH ONLY FOLKS
ah yes, BECAUSE THE SECOND BIGGEST DEMOCRAT DONOR OF THE LAST 8 YEARS EMBEZZELED MONEY FOR BIDET LETS MAKE LAWS NOT ABOUT THE CORRUPT DEMOCRATS
garbage content
Crypto is fully banned in China and 8 other countries – January 4, 2022
Nope! That's like blaming the many celebs who promote Coca Cola for those who drink it and get type 2 diabetes. Just because we are talking about money vs health doesn't make the individual customer any less responsible. So they should go after Forbes if anyone, which is a financial information hub. The celebrities are not financial advisors. It's purely on the company and the customers for gambling their money without doing their research. Also blame every news outlet with a finance reporter who interviewed him without doing their research on the company, featuring him and promoting him to the public. People trust the news more than they do celebrities!
Too much greed not good friends and do your best to be happy with what you all already have.FYI " Everyone is trying to rip you off of your hard earned money, Including Our own Governments.
You can’t regulate math.
Crypto is garbage give me Canadian currency anyday 😎
Funny thing is, it’s all legal. One man’s lost is another’s gain. People don’t like not making money.
Former Vice President Joe Biden is under investigation for human traf fic king….. FTX was a democratic party/Ukrainian money laundering scheme. I wouldn't be surprized if our own neo notsee Freeland was involved.
Investing has risks.
what, you mean like add crypto to that growing list of other things they already can't regulate?
The amount of work he put into this recovery process is unbelievable, this is a true legend 🙏!!
The amount of work he put into this recovery process is unbelievable, this is a true legend 🙏!!
I love the grounded reality of this channel… TA is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put on day trading as it is less affected by the unpredictable nature of the market. I have made over 1.8btc from day trading withJames Wilson insights and signals in less than 2 weeks, this is one of the best mediums to backup your assets in case it goes bearish.<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is the right time to invest? before jumping to a conclusion I think you should take a look at things first.. while others still continue to trade without the fear of making a loss, others are being patient. it all depends on the pattern with which you trade and the source of your signal. You can reach James Wilson on ͲeIєɠɾαm
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Every kid in Europe knows that crypto is a PONZI FRAUD SCHEME, hahahahaha it is so FUNNY,, MORE DUMMY AMERICANS ARE BUYING LAND ON THE MOON hahaha
MADORFF DIED IN THE PRISON. Hahaha hahaha hahaha so FUNNY,, DUMMY WHITE HOUSE, HA JOKER BIDEN
Biden government fed FTX billions who then funneled the money to the Democratic Party.
Lol…. buddy steals 230 billion and is chilling in bahamas and he may get sued for 10 million
oh those jews; always at the center of the action…
It makes sense, BTC and crypto is off helping to regulate, rather that pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 19` btc from day-trade with Shirley Bagshaw Crypto in few weeks.
Cryptos were supposed to be outside of gov't regulation. Now the marks want to be compensated for their imprudence.
sorry but the point of Crypto is de-centralization de-regulation. There is NO such thing as government and regulation. Investors thumb their nose at gov't and institutions on way up. Here they suddenly turn around and start crying?
The money has all gone.
I love the grounded reality of this channel, its normal to see so many investors panic amid a worsening bearish market but it is also important to note that the market situation is nothing new in the crypto world. Several factors are driving negative sentiment in the stock and crypto markets right now including inflation, a shaky stock market, rising interest rates, and recession fears. As a result, BTC has dropped significantly from its all-time high, breaking below several key technical levels. As a crypto investor, the current situation might seem bleak. However, there are several tried and tested expert suggested investment strategies that can help you accumulate the current crypto storm, in few weeks of implementing trade with accurate signals directly from Mr Benjamin Dawson, I have been able to accumulate over 17btc despite the current state of the market.