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Mar 28, 2024
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tonight, former crypto-currency mogul sam bankman-fried sentenced to 25 years in prison in one of the largest financial fraud cases in u.s. history. more on that in a moment. >>> but we begin with the stunning new images just coming in from onboard the cargo ship that brought down baltimore's francis scott key bridge. new images just coming in from the ntsb show inspectors probing the damage, the twisted metal of the bridge draped across the front of the ship. onboard, they found 56 containers of hazardous materials. some broken open, spilling into the water. officials say there is no immediate threat. our team out on the water today with the army corps of engineers. cranes are on the way to clear the debris and tow the ship away. and then to recover theed bos of the four missing construction workers trapped underneath. abc's elizabeth schulze on the scene tonight. >> reporter: tonight, a massive >> reporter: tonight, a first look inside the cargo ship that crashed into baltimore's francis scott key bridge. ntsb investigators combing through the catastrophic damage, collecting evidenc
tonight, former crypto-currency mogul sam bankman-fried sentenced to 25 years in prison in one of the largest financial fraud cases in u.s. history. more on that in a moment. >>> but we begin with the stunning new images just coming in from onboard the cargo ship that brought down baltimore's francis scott key bridge. new images just coming in from the ntsb show inspectors probing the damage, the twisted metal of the bridge draped across the front of the ship. onboard, they found 56...
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Mar 29, 2024
03/24
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king of crypto is off to federal prison for 25 years. before he was sentenced today, bankman-fried apologized for his $11 billion fraud. "i made a series of bad decisions," he said, "it haunts me every day." but the judge not buying it, noting there was never a word of remorse for the commission of terrible crimes. >> you just need ftx. >> you just need ftx! >> reporter: with celebrity endorsements and bankman-fried's guarantees money would be safe, ftx became the premier crypto exchange. it collapsed in late 2022 after bankman-fried used billions in ftx customer funds without permission to keep his privately controlled hedge fund alameda research afloat. at trial, prosecutors playing this abc news interview. >> so, you do know, and you did know, that ftx deposits were being funneled to alameda? >> so, i was vaguely aware that that was how some wires were being sent in the first place. >> didn't that set off alarm bells in your head? >> so, there are a lot of people who were involved in that process, and, look, i really deeply wish i had
king of crypto is off to federal prison for 25 years. before he was sentenced today, bankman-fried apologized for his $11 billion fraud. "i made a series of bad decisions," he said, "it haunts me every day." but the judge not buying it, noting there was never a word of remorse for the commission of terrible crimes. >> you just need ftx. >> you just need ftx! >> reporter: with celebrity endorsements and bankman-fried's guarantees money would be safe, ftx...
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Mar 28, 2024
03/24
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a bay area native and former crypto king sam bankman-fried. reed sentenced for fleecing billions from investors. >> and the new plan to keep you safe from ar business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why comcast business powers more small businesses than anyone else. get started for $49.99 a month plus ask how to get up to an $800 prepaid card. don't wait- call today. and bankman freed was sentenced to 25 years for a multi-billion dollar fraud scheme. abc news reporter reena roy has the details. >> he was once called the king of cryptocurrency. sam bankman-fried, wearing a prison shirt and pants, is now sentenced to 25 years behind bars for what prosecutors call one of the biggest financial frauds in american history. a billionaire at 30, bankman freed learning his fate after the collapse
a bay area native and former crypto king sam bankman-fried. reed sentenced for fleecing billions from investors. >> and the new plan to keep you safe from ar business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why comcast business powers more...
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Mar 28, 2024
03/24
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how much time the man once known as the king of crypto could face in p
how much time the man once known as the king of crypto could face in p
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Mar 28, 2024
03/24
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how much time the man once known as the king of crypto could face in prison following his conviction of financial fraud? >> and girl scouts scammed the investigation that caught the attention of the secret service and involves the famous cookies. >> these girl scouts are going to have to become like the lady at the safeway. just this requires a visual just holding up the 20 because now they do. >> you know, venmo card payments. i got mine online. they're going to ruin it for people who have cash. who use cash. me looking for cookies always. >> please don't scam these girls. and good morning on this thursday, march 28th. >> yes, we're going to tell you more about that story. we're going to start with a check of our forecast with drew. yeah. >> good morning. so we had some light rain last 12 hours. that front is now to the south of us that supplied us with that wet weather. you can see that on live doppler seven. behind the front we have some cooler air that has moved in here, an isolated shower along the coast. but for much of the day today, it's just a mix of sun and clouds. live. lo
how much time the man once known as the king of crypto could face in prison following his conviction of financial fraud? >> and girl scouts scammed the investigation that caught the attention of the secret service and involves the famous cookies. >> these girl scouts are going to have to become like the lady at the safeway. just this requires a visual just holding up the 20 because now they do. >> you know, venmo card payments. i got mine online. they're going to ruin it for...
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Mar 29, 2024
03/24
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lena howland abc seven news on the peninsula the peninsula rather native, dubbed the former king of crypto, is headed to prison for 25 years. >> today, a federal judge in new york sentenced sam bankman-fried following his conviction last november on fraud and conspiracy charges. the 32 year old siphoned billions in customer funds from his cryptocurrency exchange, ftx, to keep his hedge fund afloat. prosecutors sought a 50 year prison sentence while the defense asked for six years. bankman-fried is the son of two stanford law professors. now to a plan in oakland, where four of the city's largest companies are team up to keep their workers safe, it's a $10 million plan from p-g-and-e's, kaiser, clorox and blue shield. a have offices in the downtown area. the money will provide private security, escorts and transportation for employees. abc seven news reporter suzanne fawn has more. blue shield of california kaiser permanente, pacific gas and electric, and clorox. >> they're all headquartered in downtown oakland. in january, blue shield and kaiser told employees to stay on site and not to lea
lena howland abc seven news on the peninsula the peninsula rather native, dubbed the former king of crypto, is headed to prison for 25 years. >> today, a federal judge in new york sentenced sam bankman-fried following his conviction last november on fraud and conspiracy charges. the 32 year old siphoned billions in customer funds from his cryptocurrency exchange, ftx, to keep his hedge fund afloat. prosecutors sought a 50 year prison sentence while the defense asked for six years....
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Mar 23, 2024
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i mean, we joke i joke that, you know, crypto is like emblems for boys. but yeah, right. but there are no limits for boys that are really close to crypto stuff, though i will say there are emblems for dudes that are all like finance, telecom, you know, things like boy stuff. there's plenty of those. yeah, but i mean it is a lot of it, especially in 20 centuries. women selling perfume, essential oils, mary kay, avon, even tupperware with a woman named brownie. why tupperware founded it. what are the gender dynamic here? why, i mean, why could it if these guys are found in these companies, why couldn't they sell their stuff so well? the first answer is that it really was in the very beginning, a great idea to have women as your sales force because we're talking about a time where it was around just after the industrial revolution and around the time that, like cities were happening and there were big urban centers all over the place, but at that time, most people were living in rural areas up until like a couple of decades into the 20th century. so people were living in rur
i mean, we joke i joke that, you know, crypto is like emblems for boys. but yeah, right. but there are no limits for boys that are really close to crypto stuff, though i will say there are emblems for dudes that are all like finance, telecom, you know, things like boy stuff. there's plenty of those. yeah, but i mean it is a lot of it, especially in 20 centuries. women selling perfume, essential oils, mary kay, avon, even tupperware with a woman named brownie. why tupperware founded it. what are...
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Mar 23, 2024
03/24
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it is like crypto or anything else that just does not have solid financial guarantees. if you are buying shares in nike or in apple, you know what their products are. they have a long track record of sharing shoes or computers. they have very discoverable public financial statements you can scrutinize to make sure the evaluation is correct. everything around truth social lacks those. >> while dumbbell considering you put out the disclaimer. donald trump has to play -- paid the bond or they can begin to seize his assets. yesterday, donald trump posted eagerly have almost $500 million in cash and he intended to use it for his campaign for president. is there reason to believe that he's a-has the money. even if it contradicts his lawyer's claims they struggling to secure a bond. is it worth noting that he is not contributing his own money to his presidential campaign since 2016? >> alex, these are all such good points. i am shocked to discover donald trump is not heeding his own lawyers' advice. let's think of the trajectory that he is made over the last year about how muc
it is like crypto or anything else that just does not have solid financial guarantees. if you are buying shares in nike or in apple, you know what their products are. they have a long track record of sharing shoes or computers. they have very discoverable public financial statements you can scrutinize to make sure the evaluation is correct. everything around truth social lacks those. >> while dumbbell considering you put out the disclaimer. donald trump has to play -- paid the bond or...
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Mar 27, 2024
03/24
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controlled and they high and elevated for a long time if you have, you know, to borrow the phrase from the crypto, if you have diamond hands. but you know, somebody could just not sell. six months comes by, and donald trump could sell stock, monetize his position. they could elevate the stock, dried it up, and that will have his wealth that way. it's money right into his pocket potentially. >> the reason i want to talk to you about them today is that at one level, you know, the tiktok is the biggest example of this. something i think people don't really understand is how much tax liability in the specific and the broad policy form is on the table for america's alien errors in this election. >> is extraordinary. it's trillions of dollars, because the trump tax cut will expire next year. and so that is -- that was a disproportionate gift to the wealthy class. now, yass has a bunch of tax games going on . he's one of the wealthiest people in america. i think people are dramatically underestimating his billions of dollars. you know, roughly 30, $40 billion. he has a huge stake in tiktok, like you sai
controlled and they high and elevated for a long time if you have, you know, to borrow the phrase from the crypto, if you have diamond hands. but you know, somebody could just not sell. six months comes by, and donald trump could sell stock, monetize his position. they could elevate the stock, dried it up, and that will have his wealth that way. it's money right into his pocket potentially. >> the reason i want to talk to you about them today is that at one level, you know, the tiktok is...
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Mar 29, 2024
03/24
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this morning, the one time king of crypto is off to federal prison for 25 years, although experts say that sentence could be cut in half with good behavior. and by completing prison rehab programs. ftx was the premier crypto exchange, but it collapsed in late 2022 after bankman-fried used billions in customer funds to keep his hedge fund, alameda research, afloat. at his trial, prosecutors played this abc news interview. >> so you do know, and you did know that fdx deposits were being funneled to alameda. >> so i was vaguely aware that that was how some wires were being sent in the first place. >> didn't that set off alarm bells in your head? >> so there are a lot of people who are involved in that process. and look, i really deeply wish that i had taken like a lot more responsibility for understanding what the details were of what was going on there. >> his lawyer, seeking a more lenient sentence, described bankman-fried as an awkward math nerd, but his victims claim he was more calculating, one telling the judge he lost money. i wanted to spend on a family home, another saying it wa
this morning, the one time king of crypto is off to federal prison for 25 years, although experts say that sentence could be cut in half with good behavior. and by completing prison rehab programs. ftx was the premier crypto exchange, but it collapsed in late 2022 after bankman-fried used billions in customer funds to keep his hedge fund, alameda research, afloat. at his trial, prosecutors played this abc news interview. >> so you do know, and you did know that fdx deposits were being...
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Mar 28, 2024
03/24
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more and view important safety information at inspiresleep.com >> bill: sentencing hearing for the crypto kid. he faces up to 110 years in prison. he is accused of stealing billions of dollars from clients. kelly o'grady live at the courthouse to watch all of this. kelly, good morning. >> good morning, bill. we're seconds away from the hearing kicking off. our producer inside shared that his parents, after they arrived, looked very pale, thin and concerned . we're expecting to hear testimonials from potential victims. character witnesses and then his fate will rest in the hands of a judge. he faces up to 110 years. accused of stealing over 10 billion in funds. one of the largest financial frauds ever. the prosecution is looking for 40 to 50 years. defense seeking five to 6 1/2. balancing retribution with the possibility of rehabilitation. they say there was no harm done to victims. the bankruptcy process will return all the funds and neurological issues that could make prison very difficult. the prosecution is underscoring that customers will be repaid and the value they lost as of novemb
more and view important safety information at inspiresleep.com >> bill: sentencing hearing for the crypto kid. he faces up to 110 years in prison. he is accused of stealing billions of dollars from clients. kelly o'grady live at the courthouse to watch all of this. kelly, good morning. >> good morning, bill. we're seconds away from the hearing kicking off. our producer inside shared that his parents, after they arrived, looked very pale, thin and concerned . we're expecting to hear...
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Mar 28, 2024
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you were a victim of the crypto kid. what is stunning to me, i don't know how much you had there. you actually -- he will go to jail. but your investment could actually be made whole. how is that possible? >> yes, it is a remarkable situation. the way you can see the value of these claims. anybody that has an account and properly filed a claim. basically all the accounts were swept clean and nothing in it. we had records of what was held there prior to the collapse of ftx. each month over the last year the hedge fund markets that fund these claims, in other words i could sell my claim for $0.82, $0.88, $0.90, etc. , as we get closer. because bitcoin has had such dramatic rises in value. many claims will be made close to whole or better than whole, it is extraordinary. remember, we were looking for $7 billion. looks like it has been found. there is precedence to this. many of the claimants in the madoff case were made close to whole and looks like it will happen in the ftx case as well. >> bill: it's up five times in a year, the etf or bitcoin. the people involved in this, not just
you were a victim of the crypto kid. what is stunning to me, i don't know how much you had there. you actually -- he will go to jail. but your investment could actually be made whole. how is that possible? >> yes, it is a remarkable situation. the way you can see the value of these claims. anybody that has an account and properly filed a claim. basically all the accounts were swept clean and nothing in it. we had records of what was held there prior to the collapse of ftx. each month over...
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Mar 29, 2024
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what happens to the money and crypto crook sam bankman-fried. he will serve a lengthy 25 year prison sentence for orchestrating one of the largest financial frauds in history. all the investors will be made home. kelly o'grady is watching the story like a hawk all week. good morning. >> good morning. we're expecting his legal team to mount an appeal next. sbf will find out why he serves the sentence. a low or medium security. dorm-style beds. white collar criminals. medium sleep on a steal bed and share a cell with violent criminals. inmates can enjoy racquetball and learn to crochet. victorville another medium option. he can paint a mural. he is vegan and look to keep that diet. i checked out the bureau of prisons everything from tofu and soy taco saaliad. those activities might sound fun. not a walk in the park. inmate deaths, epa violations. not as bad as a jail he spent a few days in in another country. >> dana: i go to the pilates place. i don't like this idea of the soy taco bowl but pilates was very interesting. i don't play foose ball or
what happens to the money and crypto crook sam bankman-fried. he will serve a lengthy 25 year prison sentence for orchestrating one of the largest financial frauds in history. all the investors will be made home. kelly o'grady is watching the story like a hawk all week. good morning. >> good morning. we're expecting his legal team to mount an appeal next. sbf will find out why he serves the sentence. a low or medium security. dorm-style beds. white collar criminals. medium sleep on a...
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Mar 29, 2024
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just in our crypto ——. i for other purposes. just in our crypto ---_ crypto --. i feel like an appmpriate _ crypto --. i feel like an appropriate sentence. l crypto --. i feel like an appropriate sentence. i crypto --. i feel like an - appropriate sentence. i feel them lotta people would have them lotta people would have the request of a0 mac years just because of the number of projects and meeting investors impacted by his actions a lot better then the lawyer was asking was six years which would bring ridiculous considering the crime. those that ut considering the crime. those that put a — considering the crime. those that put a lot _ considering the crime. those that put a lot of _ considering the crime. those that put a lot of money - considering the crime. those that put a lot of money and l that put a lot of money and fade into ftx and freed himself or they could be getting their money back?— or they could be getting their mone back? �* , ,., money back? there's something im ortant money back? there's something important to _ money back? there's someth
just in our crypto ——. i for other purposes. just in our crypto ---_ crypto --. i feel like an appmpriate _ crypto --. i feel like an appropriate sentence. l crypto --. i feel like an appropriate sentence. i crypto --. i feel like an - appropriate sentence. i feel them lotta people would have them lotta people would have the request of a0 mac years just because of the number of projects and meeting investors impacted by his actions a lot better then the lawyer was asking was six years which...
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Mar 29, 2024
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justin d'anethan is a crypto expert from keyrock. he says the sentencing is welcome news for the industry. i think for the crypto community as whole, it feels like an appropriate sentence. i think many people would have rather have the prosecutors request of a0 years, just because of the number of projects, companies, and just retail investors that were impacted by his actions, but it is at least a lot better than what sbf�*s lawyer was asking, which was 6.5 years, which would have been ridiculous considering the seriousness of his crime. yes, and speaking of the retail investors, those that put a lot of money and faith into ftx and into bankman—fried himself, are they going to be getting their money back? there's something very important to understand. right now the claims for ftx assets that are locked in are about 80 or 90 cents on the dollar. so it sunds like most of the assets would be paid back to the investors, but a very important point is that it will be the value of the assets at the time of bankruptcy and not what the
justin d'anethan is a crypto expert from keyrock. he says the sentencing is welcome news for the industry. i think for the crypto community as whole, it feels like an appropriate sentence. i think many people would have rather have the prosecutors request of a0 years, just because of the number of projects, companies, and just retail investors that were impacted by his actions, but it is at least a lot better than what sbf�*s lawyer was asking, which was 6.5 years, which would have been...
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Mar 28, 2024
03/24
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and former billionaire crypto boss sam bankman—fried — who was convicted of fraud and money laundering last year — returns to court for sentencing. queen camilla arrives for the annual maundy service — with a message from the absent king. we start in the middle east, where israeli airstrikes and fierce fighting between israel and hamas have continued around at least three hospitals in the gaza strip. the israeli military says it is taking steps
and former billionaire crypto boss sam bankman—fried — who was convicted of fraud and money laundering last year — returns to court for sentencing. queen camilla arrives for the annual maundy service — with a message from the absent king. we start in the middle east, where israeli airstrikes and fierce fighting between israel and hamas have continued around at least three hospitals in the gaza strip. the israeli military says it is taking steps
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Mar 28, 2024
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a reckoning for the fallen crypto king. sam bankman—fried is to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. the crisis at thames water deepens as shareholders refuse to inject extra cash into the uk's largest water company. hello and welcome to world business report, i'm lukwesa burak. we start in the us, where in the next few hours sam bankman—fried — the former cryptocurrency tycoon, convicted of stealing billions of dollars from customers — will be sentenced for his crimes. the 32—year old founder of the collapsed crypto exchange ftx could now face decades in prison.
a reckoning for the fallen crypto king. sam bankman—fried is to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. the crisis at thames water deepens as shareholders refuse to inject extra cash into the uk's largest water company. hello and welcome to world business report, i'm lukwesa burak. we start in the us, where in the next few hours sam bankman—fried — the former cryptocurrency tycoon, convicted of...
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Mar 28, 2024
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former billionaire crypto boss sam bankman—fried — who was convicted of fraud and money laundering last year — returns to court for sentencing. thames water crisis deepens as shareholders refuse to inject extra money into the uk�*s largest water company. two bodies inside a submerged pickup truck have been recovered from beneath the collapsed bridge in baltimore.
former billionaire crypto boss sam bankman—fried — who was convicted of fraud and money laundering last year — returns to court for sentencing. thames water crisis deepens as shareholders refuse to inject extra money into the uk�*s largest water company. two bodies inside a submerged pickup truck have been recovered from beneath the collapsed bridge in baltimore.
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Mar 28, 2024
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former billionaire crypto boss sam bankman—fried, who was convicted of fraud and money laundering last year, returns to court for sentencing. scotland could become the first uk nation to provide terminally ill people with assistance to end their lives if a bill that has been introduced at holyrood is approved. the thames water crisis deepens as shareholders refuse to inject extra money into the uk's largest water company. and queen camilla departs the royal maundy thursday service — there's a message from the absent king. we need and benefit greatly from those who extend the hand of friendship to us. especially in a time of need. hello, welcome to bbc news now, three hours of fast—moving news, interviews and reaction.
former billionaire crypto boss sam bankman—fried, who was convicted of fraud and money laundering last year, returns to court for sentencing. scotland could become the first uk nation to provide terminally ill people with assistance to end their lives if a bill that has been introduced at holyrood is approved. the thames water crisis deepens as shareholders refuse to inject extra money into the uk's largest water company. and queen camilla departs the royal maundy thursday service — there's...
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Mar 28, 2024
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a reckoning for the fallen crypto king. sam bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software debugging? hello and welcome. if you just joined us, i'm sally bundock.
a reckoning for the fallen crypto king. sam bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a...
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Mar 28, 2024
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the 32—year—old founder of collapsed crypto exchange ftx could now face decades in prison. our cyber correspondentjoe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise and downfall of the man behind one of the biggest financial crimes in us history. interesting thing that's been happening pretty recently is that the bitmex bitcoin perpetual futures ran up a lot in price. this was sam bankman—fried in his element — at his desk, talking crypto and making incredible profits. his hair and shabby look were all part of the appeal and brand. sbf, as he was known by legions of fans online, portrayed himself as a maths genius who wasn't interested in personal wealth. it was all about developing the cryptocurrency industry and giving to charities. this is big. but ftx, his cryptocurrency exchange that sold bitcoin and other virtual currencies for normal money, like pounds and dollars, grew to be the centrepiece of a sprawling business worth $32 billion. so, when it all came crashing down in december 2022, more th
the 32—year—old founder of collapsed crypto exchange ftx could now face decades in prison. our cyber correspondentjoe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise and downfall of the man behind one of the biggest financial crimes in us history. interesting thing that's been happening pretty recently is that the bitmex bitcoin perpetual futures ran up a lot in price. this was sam bankman—fried in his element — at...
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Mar 29, 2024
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it's very much a bitcoin story and crypto is still searching for those cases. we will leave _ searching for those cases. we will leave it _ searching for those cases. we will leave it there. steven ehrlich, director of research at forbes crypto, thank you for joining us on bbc news.- joining us on bbc news. thank ou. the biden administration has approved maryland's request for $60 million in aid for recovery efforts after a bridge in baltimore collapsed when it was hit by a cargo ship. divers have so far found the bodies of two people in a red pick—up truck underwater. eight workers were on the bridge when it was hit by the cargo ship dali, plunging them into the waters below. two were rescued on the day, but the search continues for four other men who were working on the bridge repairing potholes. all are now presumed dead. investigators say the container ship that crashed, and still remains in the patapsco river, was carrying more than 700 tons of hazardous materials. the jobs of at least 8,000 workers at the port of baltimore are affected by the collapse o
it's very much a bitcoin story and crypto is still searching for those cases. we will leave _ searching for those cases. we will leave it _ searching for those cases. we will leave it there. steven ehrlich, director of research at forbes crypto, thank you for joining us on bbc news.- joining us on bbc news. thank ou. the biden administration has approved maryland's request for $60 million in aid for recovery efforts after a bridge in baltimore collapsed when it was hit by a cargo ship. divers...
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Mar 29, 2024
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the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, has been sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's collapse in 2022, the former billionaire became a celebrity atop a crypto empire. prosecutors said he raided customer accounts for bribes, illegal political donations and risky investments. our business correspondent michelle fleury has more. thejudge had to decide a couple of things and took into account age, losses involved an impact on the victims and also the message of the tarrant and he settled on 25 years for sam bankman—fried, sending him to prison for that time. it was less than lawyers who had been prosecuting the case had asked for you wanting, 14—15 years and by contrast lawyers for mr bankman—fried said he should get less than
the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, has been sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's collapse in 2022, the former billionaire became a...
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Mar 29, 2024
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sam bankman—fried, the 32—year—old once known as the crypto king, is sentenced to prison. the white house approves money to help the us state of maryland respond to the deadly collpase of a bridge in baltimore. hello. i'm caitriona perry. you've very welcome. let's start in the middle east, where the syrian defence ministry says israel carried out an air strike on the city of aleppo. reports say at least 36 people — including some hezbollah fighters — were killed. syrian officials say aleppo had also come under fire from drones launched by what it called "terrorist groups". a british—based monitoring group the syrian observatory for human rights said the strikes targeted weapons stores near aleppo international airport. contacted by the afp news agency, the israeli military said it would "not comment on reports in the foreign media". the international court ofjustice has ordered israel to take all necessary action to ensure that basic food supplies reach palestinians facing hunger in gaza. thejudges said the israeli military must not violate the international convent
sam bankman—fried, the 32—year—old once known as the crypto king, is sentenced to prison. the white house approves money to help the us state of maryland respond to the deadly collpase of a bridge in baltimore. hello. i'm caitriona perry. you've very welcome. let's start in the middle east, where the syrian defence ministry says israel carried out an air strike on the city of aleppo. reports say at least 36 people — including some hezbollah fighters — were killed. syrian officials say...
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Mar 29, 2024
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plus, 25 years injail for the former king of crypto. has the downfall of sam bankman—fried done permanent harm to the digital currency dream?
plus, 25 years injail for the former king of crypto. has the downfall of sam bankman—fried done permanent harm to the digital currency dream?
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Mar 28, 2024
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that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested in russia on suspicion of espionage. moscow accuses the wall street journal reported of trying to obtain military secrets while reporting on the war in ukraine. evan gershkovich, the wall street journal and the u.s. deny accusations of wrongdoing. i spoke with his sister and paul beckett on their efforts to bring evan home. danielle, i will start with you. we talked in december. first of all, how are you and your family doing? >> we are holding on. we in this past year have been learning about being advocates for evan. we are continuing to move forward, continuing to trust that the white house is taking this very seriously and that there is
that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested in russia on suspicion of espionage. moscow accuses the wall street journal...
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Mar 28, 2024
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i asked him, have you killed crypto? it was in the doldrums. we had seen previous scandals in 2022 and his was the worst by far. he said at the time i hope not, and i don't think it has because i think it stronger than that. it turns out he was right. if you look at the state of crypto now it has slowly this year built up and built up and it is stronger than ever. . ~' built up and it is stronger than ever. ., ~ , ., y built up and it is stronger than ever. ., ~ i. , . built up and it is stronger than ever. . ~' y . ., ever. thank you very much. you will be back with — ever. thank you very much. you will be back with me _ ever. thank you very much. you will be back with me in _ ever. thank you very much. you will be back with me in a _ ever. thank you very much. you will be back with me in a little _ ever. thank you very much. you will be back with me in a little while. i we're expecting sentencing to take place in new york in the coming hours. we will of course bring you the latest from the courthouse as soon as we get it. you can watch our
i asked him, have you killed crypto? it was in the doldrums. we had seen previous scandals in 2022 and his was the worst by far. he said at the time i hope not, and i don't think it has because i think it stronger than that. it turns out he was right. if you look at the state of crypto now it has slowly this year built up and built up and it is stronger than ever. . ~' built up and it is stronger than ever. ., ~ , ., y built up and it is stronger than ever. ., ~ i. , . built up and it is...
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Mar 28, 2024
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a reckoning for the fallen crypto king. sam bankman—fried is due to be sentenced for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. more industrial action against amazon as workers in birmingham in the uk strike over pay and union rights. welcome to world business report. we start in the new york — where sam bankman—fried — the former cryptocurrency tycoon convicted of stealing billions of dollars from customers — is due to be sentenced for his crimes. the 32—year old founder of the collapsed crypto exchange ftx could face decades in prison.
a reckoning for the fallen crypto king. sam bankman—fried is due to be sentenced for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. more industrial action against amazon as workers in birmingham in the uk strike over pay and union rights. welcome to world business report. we start in the new york — where sam bankman—fried — the former cryptocurrency tycoon convicted of stealing billions of dollars from customers — is due to be sentenced...
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Mar 28, 2024
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the former billionaire crypto boss sam bankman—fried, who was convicted for one of the biggest financial crimes in us history, is about to be sentenced. these are the live pictures from outside the manhattan federal court where bankman—fried faces decades in prison forfraud and money laundering. the un investigates what it says is a plausible case of israel using starvation as a weapon of war in gaza. as india prepares to go to the polls, the country's largest minority tells the bbc they feel marginalised and suppressed — we have a special report. the most beautiful thing about india is its diversity but that is now being crushed, and the main victims are muslims. and scotland could become the first uk nation to provide terminally ill people with assistance to end their lives.
the former billionaire crypto boss sam bankman—fried, who was convicted for one of the biggest financial crimes in us history, is about to be sentenced. these are the live pictures from outside the manhattan federal court where bankman—fried faces decades in prison forfraud and money laundering. the un investigates what it says is a plausible case of israel using starvation as a weapon of war in gaza. as india prepares to go to the polls, the country's largest minority tells the bbc they...
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Mar 29, 2024
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failed for 25 years, a former billionaire crypto boss sam bankman-fried is cvicted of one of the biggest financial frauds in u.s. history. also coming up on "the world today," tackling homelessness through football. we look at a new netflix movie helping to make a change. ♪ hello and welcome to the world today from bbc news where we start with breaking news coming in to us now from south africa, where at least 45 people have died in a bus crash. the department of transport says the vehicle, traveling from botswana to limpopo province, plunged off a high bridge into a ravine after colliding with the crash barrier. it then burst into flames when it hit the ground. local media is reporting that an eight-year-old girl was the only survivor. the precise cause of the crash is currently being investigated. just to reiterate what we just told you, there has been a serious bus crash in south africa. transportation authorities have been informing us that we believe that 45 people at least have been killed in this crash. this vehicle plunged off a high bridge into a ravine, colliding with a crash
failed for 25 years, a former billionaire crypto boss sam bankman-fried is cvicted of one of the biggest financial frauds in u.s. history. also coming up on "the world today," tackling homelessness through football. we look at a new netflix movie helping to make a change. ♪ hello and welcome to the world today from bbc news where we start with breaking news coming in to us now from south africa, where at least 45 people have died in a bus crash. the department of transport says the...
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Mar 28, 2024
03/24
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he was dubbed the crypto king. 32—year—old sam bankman—fried became a billionaire through his cryptocurrency exchange platform ftx, but but the company collapsed spectacularly in 2022. now he will spend 25 years in prison for lying to investors and stealing customers funds. for more on this here's our north america business correspondent erin delmore. tell us more about it. the judge tell us more about it. the 'udge said today in i tell us more about it. the 'udge said today in a i tell us more about it. the 'udge said today in a court * tell us more about it. the judge said today in a court house - tell us more about it. the judge l said today in a court house behind me that he rejected entirely sam bankman—fried's claims that there were no actual losses when the cryptocurrency exchange ftx collapsed in november 2022. instead, thejudge pointed collapsed in november 2022. instead, the judge pointed to $8 collapsed in november 2022. instead, thejudge pointed to $8 billion in losses from customers, and more losses from customers, and more losses by creditors and investors totalling more than
he was dubbed the crypto king. 32—year—old sam bankman—fried became a billionaire through his cryptocurrency exchange platform ftx, but but the company collapsed spectacularly in 2022. now he will spend 25 years in prison for lying to investors and stealing customers funds. for more on this here's our north america business correspondent erin delmore. tell us more about it. the judge tell us more about it. the 'udge said today in i tell us more about it. the 'udge said today in a i tell...
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Mar 28, 2024
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he spoke in front of congress as a leader in the burgeoning crypto industry. he founded the cryptocurrency exchange ftx, where customers traded their dollars and pounds for cryptocurrencies like bitcoin. when the exchange collapsed in november 2022, he assured customers their money was safe. but it turns out his entire business was built on lies. ajury convicted him here in this courthouse in november on fraud and conspiracy charges after only five hours of deliberations — a nod to the strength of the government's case. nowjudge lewis kaplan has sentenced him to 25 years in prison, saying bankman—fried knew his actions were wrong and criminal and that he made a bad bet that he wouldn't get caught. judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to d
he spoke in front of congress as a leader in the burgeoning crypto industry. he founded the cryptocurrency exchange ftx, where customers traded their dollars and pounds for cryptocurrencies like bitcoin. when the exchange collapsed in november 2022, he assured customers their money was safe. but it turns out his entire business was built on lies. ajury convicted him here in this courthouse in november on fraud and conspiracy charges after only five hours of deliberations — a nod to the...
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Mar 29, 2024
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thousand partners, and we hear about accounts that are there, first thing, they are not sending you crypto or disinformation, they are active, what are they doing? they are building a history of humanlike behavior. because in the future, yes it will be really important for us to evaluate where we can do detection to evaluate if something is a deepfake. when there is a deepfake, where will people go to check? they will go to other people in social spaces. we need to invest in humans and also infest in ensuring the human -- inventing chatbot's do not have any share. >> -- vivian: synthetic identities, not just synthetic content. fascinating. clint. i have no new for a number of years. you have been with microsoft for two years, but you have been sort of doing this deep digital forensics for quite a long time. so you have seen that trajectory of history, how we have seen things evolve since 2016, prior to 2016 until now. give us a sense of what change you have seen, particularly since generative ai has taken off in the wake of the launch of chatgpt and what risks you are seeing today. >> in t
thousand partners, and we hear about accounts that are there, first thing, they are not sending you crypto or disinformation, they are active, what are they doing? they are building a history of humanlike behavior. because in the future, yes it will be really important for us to evaluate where we can do detection to evaluate if something is a deepfake. when there is a deepfake, where will people go to check? they will go to other people in social spaces. we need to invest in humans and also...
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Mar 26, 2024
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we are 10 minutes into the session for trading in tokyo and seoul, but we are tracking crypto-linked stocks, that move higher. bitcoin is a fraction below the $70,000 mark that we have seen in the past week. 70,000 has been a record high. we are seeing some of those names moving to the upside. somewhere else we are looking, and other stock rising at the start is nissan, the japanese automaker just got a three year plan for the company on monday that was unveiled, and as part of the plan, nissan is targeting an additional one million vehicle sales over the next three years. it really seeking to regain market momentum, boost profitability as well. nissan off the back of that is moving to the downside. it is certainly one to be tracking as we head through the session, haidi. haidi: coming up next, a deep dive into markets with mizuho, with an outlook for the yuan, particularly what we're seeing across em's. before that, boeing announces a leadership shakeup after a customer revolt over its spiraling safety crisis. we will have the details next. this is bloomberg. ♪ when you automate s
we are 10 minutes into the session for trading in tokyo and seoul, but we are tracking crypto-linked stocks, that move higher. bitcoin is a fraction below the $70,000 mark that we have seen in the past week. 70,000 has been a record high. we are seeing some of those names moving to the upside. somewhere else we are looking, and other stock rising at the start is nissan, the japanese automaker just got a three year plan for the company on monday that was unveiled, and as part of the plan, nissan...
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Mar 25, 2024
03/24
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asian crypto related stocks could move as well. global investors symposium is about to kick off in hong kong. we will be there live. ♪ ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. we have equity moves and then also what is happening in the fx space, watching the levels of the japanese yen closely given a have the likes of bank of america saying 152, 150 five could be available to watch for intervention. haidi: we had some pretty stern verbal warnings in the previous session and that seems to be continuing today as well. suzuki talking about the undesirability of really strong fx moves in either direction. of course, this will feed through into potentially what we see longer-term for japan equities given a helping hand to have seen from the weaker currency. annabelle: that's right, we have definitely seen a weaker yen helping exporters. the question is whether we still see the weaker yen having a negative impact given that it does hurt consumers inside japan, and which one is more imp
asian crypto related stocks could move as well. global investors symposium is about to kick off in hong kong. we will be there live. ♪ ♪ annabelle: this is "daybreak: asia." we are counting down to asia's major market opens. we have equity moves and then also what is happening in the fx space, watching the levels of the japanese yen closely given a have the likes of bank of america saying 152, 150 five could be available to watch for intervention. haidi: we had some pretty stern...
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Mar 27, 2024
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around crypto. this is bloomberg. ♪ ♪ tom: welcome back. bitcoin breached the $70,000 level after a surge after etf outflows last week sense ftc approval. i'm joined by tim, a major player in the crypto space. let's look to january 11, what has approval done to demand for the products? tim: widely anticipated, it took a long time to come to fruition. and lot of lobbying for asset managers. very exciting event, slightly hysterical event. the impact has been larger than the most optimistic forecasts. $11 billion inflows. we've seen that expressed in price action. tom: do you see money in etf's? tim: yes. european products have been around longer, so i think there was repatriation to u.s. products but impact has been named legitimacy and of bitcoin. it is all very well promoting it but when larry fink puts blackrock behind it, this is a material change and impacts the attitude to bitcoin. tom: when it comes to building out a crypto sector is it playing catch-up? tim: euro has had crypto products fo
around crypto. this is bloomberg. ♪ ♪ tom: welcome back. bitcoin breached the $70,000 level after a surge after etf outflows last week sense ftc approval. i'm joined by tim, a major player in the crypto space. let's look to january 11, what has approval done to demand for the products? tim: widely anticipated, it took a long time to come to fruition. and lot of lobbying for asset managers. very exciting event, slightly hysterical event. the impact has been larger than the most optimistic...
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Mar 21, 2024
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in some ways it has moved away from nvidia and interestingly, also into crypto based names like robin hood. it is interesting because investors are saying, where is the next investment cycle? there is the idea of momentum. katie: which companies are in the kim kardashian basket? are there any names that particularly you stand out? >> it was among them. a lot of them had near-term catalyst. as i mentioned, also crypto based names where there is that meme element to it that harkens back to amc and gamestop. katie: perez and nvidia would stay hot for a long time. take a look at how people are positioned around nvidia. is there anything priced in terms of that -- of them losing that share? >> no. it is just not nearly at the peak levels that we saw back to last summer. the idea that anyone is considering any hedging does not exist. it is completely absent. if you are an investor who has participated in this much upside, you would think that there is the idea of protecting some gains and that is completely absent with anything relating to ai. katie: let's go down the list. supercomputers r
in some ways it has moved away from nvidia and interestingly, also into crypto based names like robin hood. it is interesting because investors are saying, where is the next investment cycle? there is the idea of momentum. katie: which companies are in the kim kardashian basket? are there any names that particularly you stand out? >> it was among them. a lot of them had near-term catalyst. as i mentioned, also crypto based names where there is that meme element to it that harkens back to...
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Mar 28, 2024
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katie: i will be back for a special edition of bloomberg crypto at 12:00 p.m. eastern and of course you can catch david on the big take, bid take podcast. coming up joshua bolten comes up to talk about how the election risk will impact wall street. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding... and gas station sushi. not banking. th
katie: i will be back for a special edition of bloomberg crypto at 12:00 p.m. eastern and of course you can catch david on the big take, bid take podcast. coming up joshua bolten comes up to talk about how the election risk will impact wall street. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our...
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Mar 22, 2024
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the largest crypto may post its worst weekly decline so far this year. bitcoin down 10% from its record high. the demand for etf's cooling. we are tracking some of the movers. we are expecting alibaba sales of its stake. we are seeing losses for cloud computing on the back of that. in the broader markets, we are seeing weakness in chinese tech in particular. thus on reports saying that the u.s. is probing smic for its chips in huawei funds. also molding blacklisting a number of chip companies listed, linked to huawei. take a look at where we are in terms of the age aside. down as much as 4% now. we are seeing csi 300 index lower by 1.5%. it's a strong dollar story. weakness in asian currencies. the -- the rupiah down to tulsa 1%. that's it from bloomberg markets asia. daybreak middle east and africa is next. keep it here with us. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh hi, i'm janice, and i lost 172 pounds on golo. avalarahhh when i wa
the largest crypto may post its worst weekly decline so far this year. bitcoin down 10% from its record high. the demand for etf's cooling. we are tracking some of the movers. we are expecting alibaba sales of its stake. we are seeing losses for cloud computing on the back of that. in the broader markets, we are seeing weakness in chinese tech in particular. thus on reports saying that the u.s. is probing smic for its chips in huawei funds. also molding blacklisting a number of chip companies...
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Mar 28, 2024
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prosecution closing this chapter, it's a crypto story continuing. lisa: continuing on that, what kind of domino effect could we see in the ruling today? as well as the others wrapped up in the scheme that he had? david: that's a great question. he pled guilty and faces federal prison time. alice mission ski going on trial -- alex mission ski is going on trial in the building behind me. prominent individuals on trial in the coming months. but what does it mean for the broader conversation about regulation and how crypto is regarded? it's fascinating to me that it didn't serve as the catalyst many thought that it would. with sam bankman-fried arrested, some thought it would collapse and it wasn't the case. others thought it would expedite regulation to change regulatory structures in washington. that hasn't happened either. a lot is at play and happening as a result. it's not leading to the changes some thought. jonathan: david, old friend, fantastic to see you back on our screens. providing coverage of this story throughout the day on bloomberg tv an
prosecution closing this chapter, it's a crypto story continuing. lisa: continuing on that, what kind of domino effect could we see in the ruling today? as well as the others wrapped up in the scheme that he had? david: that's a great question. he pled guilty and faces federal prison time. alice mission ski going on trial -- alex mission ski is going on trial in the building behind me. prominent individuals on trial in the coming months. but what does it mean for the broader conversation about...
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Mar 25, 2024
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give me an update on the state of crypto payment. we have a lot of questions about this, real-world adoption, because we are over the market mechanics of bitcoin at this point. what are you seeing globally? jack: i think the biggest -- i don't know if it's tension -- the biggest story is stablecoins for sure. here is my personal take, bitcoin is the only neutral value transfer protocol for the world. we view it at strike as the singer value transfer protocol for planet earth. that sounds like a lot of gobbledygook. what i actually mean by that is bitcoin is the only physical digital instrument. stablecoin is just an iou for a bank deposit. it is like novation to ach. you have counterparty risk with the issuer, with the regulators, with where the bank deposit is held. bitcoin is the only physical instrument on the internet that we can move globally. we view it as the way -- it is like the tcpip for value transfer of the web. the problem is that consumers around the world prefer stablecoins because of their relative stable value to bit
give me an update on the state of crypto payment. we have a lot of questions about this, real-world adoption, because we are over the market mechanics of bitcoin at this point. what are you seeing globally? jack: i think the biggest -- i don't know if it's tension -- the biggest story is stablecoins for sure. here is my personal take, bitcoin is the only neutral value transfer protocol for the world. we view it at strike as the singer value transfer protocol for planet earth. that sounds like a...
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Mar 27, 2024
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we will talk crypto with mike nova grass. that conversation you do not want to miss. this is bloomberg technology. ♪ we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. ed: welcome back to bloomberg technology. a very quick check in on the markets as we approach the end of the first quarter. basically flat on most major indices particular the tech heavy ones. philadelphia semiconductor index there's a few interesting stories out there. you can see just above my hand to sense a share delisted by the nyse monday. this morning's news that they are cutting prices to try and save themselves. go on bloomberg.com and read about what's happening. nvidia also down 3%. there was so much material content out there at the moment. it still continuing to be the leader of the pack but it is from a points basis a bit of a drag on some of the indexes which is why i put it in that board. we are looking at bitcoin as we always
we will talk crypto with mike nova grass. that conversation you do not want to miss. this is bloomberg technology. ♪ we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. ed: welcome back to bloomberg technology. a very quick check in on the markets as we approach the end of the first quarter. basically flat on most major indices...
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Mar 28, 2024
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i think there is a crypto of today and a crypto of the past. we are in a new institutional era of crypto. i think the trust is building significantly. you can see that in prices and the type of investors who are moving into crypto for the first time. i think that momentum is going to build for the foreseeable future. ed: bitwise asset ceo matt hougan, thank you for your time and what is happening with sam bankman-fried's sentencing. we will sit down with the ceo of walgreens to discuss the company's future. walgreens and the reinvention era right now. that conversation is coming up next. this is bloomberg technology. ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. ear
i think there is a crypto of today and a crypto of the past. we are in a new institutional era of crypto. i think the trust is building significantly. you can see that in prices and the type of investors who are moving into crypto for the first time. i think that momentum is going to build for the foreseeable future. ed: bitwise asset ceo matt hougan, thank you for your time and what is happening with sam bankman-fried's sentencing. we will sit down with the ceo of walgreens to discuss the...
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Mar 28, 2024
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and enlisting celebrities, including quarterback tom brady peer to begun getting into crypto. >> reporter: basketball steph curry. speak are not expert and i don't need to be. >> reporter: to promote his brand. back in november, a jury unanimously found bankman-fried guilty of seven counts, including conspiracy, fraud, and money laundering. michael lewis wrote a book on the crypto stars rise and fall and has been in contact with him while detained. he says the man is hardwired for risk. >> you put your hand on a hot stove and you don't know to burn to a crisp come he doesn't feel. >> reporter: now there is no parole for federal crimes, but good behavior can produce time served. bankman-fried's lawyers will appeal the sentence, and jud judge kaplan recommends he served in a medium security prison in the bay area of northern california, norah, that's closer to bankman-fried's parents. >> norah: errol barnett, thank you so much. as russia escalates attacks on ukraine, president matt volodymyr zelenskyy spoke with speaker of the house mike johnson today, telling himt is vital that congress pa
and enlisting celebrities, including quarterback tom brady peer to begun getting into crypto. >> reporter: basketball steph curry. speak are not expert and i don't need to be. >> reporter: to promote his brand. back in november, a jury unanimously found bankman-fried guilty of seven counts, including conspiracy, fraud, and money laundering. michael lewis wrote a book on the crypto stars rise and fall and has been in contact with him while detained. he says the man is hardwired for...
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Mar 29, 2024
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. >>> another carmaker issuing a recall, and a disgraced crypto mogul learns his fate. here's carissa lawson with today's cbs "money watch" report. >> reporter: the stock market is closed on this good friday, but ended the week in mixed territory. the dow rose 47 points to close at a record high. the nasdaq lost 20, and the s&p 500 gained five points to also hit a record. >>> fallen cryptocurrency mogul sam bankman-fried was sentenced to 25 years in prison for one of the largest financial frauds in u.s. history. the 32-year-old was convicted in november for stealing more than $8 billion of customers of his now-bankrupt company ftx. his lawyers plan to appeal. >>> kia is recalling more than 400,000 tellurides because of a roll away risk while in park. the recall covers all vehicles made between 2020 and 2023 and some 2024 models, too. kia says until owners can bring in their vehicles to get the free software fix, they should use the manual parking brake instead. >>> and kfc is getting saucy. the company is adding saucy nuggets to its menu starting monday. there are five
. >>> another carmaker issuing a recall, and a disgraced crypto mogul learns his fate. here's carissa lawson with today's cbs "money watch" report. >> reporter: the stock market is closed on this good friday, but ended the week in mixed territory. the dow rose 47 points to close at a record high. the nasdaq lost 20, and the s&p 500 gained five points to also hit a record. >>> fallen cryptocurrency mogul sam bankman-fried was sentenced to 25 years in prison...