Forward of the vacations and new yr, the previous U.S. Nationwide Safety Company (NSA) contractor recognized to the world as a staunch privateness advocate and whistleblower, Edward Snowden, has provided to step up as the brand new CEO of Twitter after present “Chief Twit” Elon Musk has mentioned he’s stepping down. In different information from this week, hedge fund supervisor Michael Burry — of “The Huge Quick” fame — mentioned that audits of cryptocurrency exchanges like FTX and Binance are “meaningless.” Get caught up on these sizzling tales and far more just under on this newest concern of the Bitcoin.com Information Week in Evaluate.
Elon Musk Guarantees to Step Down as Head of Twitter — Edward Snowden Throws His Title within the Hat for CEO
Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. Because the billionaire seeks a brand new CEO to run the social media platform, privateness advocate Edward Snowden threw his title within the hat, stating that he takes cost in bitcoin. “The query isn’t discovering a CEO, the query is discovering a CEO who can hold Twitter alive,” Musk clarified.
New FTX CEO Informed Members of Congress SBF’s Household ‘Actually Acquired Funds’ From the Enterprise
Based on a number of experiences, FTX co-founder Sam Bankman-Fried’s dad and mom face scrutiny over their reported involvement with their son’s enterprise operations. The 2 Stanford professors Joseph Bankman and Barbara Fried haven’t been charged with any wrongdoing, however the present FTX CEO, John J. Ray III, not too long ago advised members of the U.S. Congress that Joseph Bankman and “the household actually acquired funds” from FTX.
‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Courtroom as Bahamian, US Authorized Crew Prep for Extradition
FTX co-founder Sam Bankman-Fried (SBF) had a troublesome day in court docket on Monday in accordance with various accounts that mentioned SBF’s native legal professional appeared to be in battle together with his U.S. authorized workforce. Moreover, courtroom experiences famous that SBF dozed off for an prolonged time period and needed to be shaken awake by an official.
Huge Quick Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
Hedge fund supervisor Michael Burry, famed for forecasting the 2008 monetary disaster, says the issue with auditing cryptocurrency exchanges, like Binance and FTX, is similar as when he began utilizing a brand new form of credit score default swap. “Our auditors had been studying on the job,” he described, including that it’s “not a superb factor.”
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