0
0.0
Mar 29, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
next one for you, jonathan, disgraced ftx founder sam bankman-fried got 25 years in prison for his financial fraud. do the crypto markets care? have we beyond sbf? >> indeed, ashley. almost reminds me back in 2004 when it was -- excuse me, in 2014 when it was mount gox was the crypto blowup of the ere arrowhead and it survive that had and it'll survive sbf. it was new technology but very old time fraud. very traditional old fraud and justice was served. whether you want to buy crypto or not, ashley, it's a different story. only 2% of the people that own crypto use it as a currency but sbf, justice is served and new technology and old fraud to the whose house he goes. ashley: very quickly. it's been a pretty darn good first quarter and s&p gaining 10% and nasdaq 9 and dow 5.5 and new quarter begins monday. can we keep this no mentum? >> i think it's in new areas of the market, ashley. i'm looking at areas like natural gas for example, scg isen etf i like that's off the radar screen play. the big tech names that have led the market for the last five years and look, international paper at a new
next one for you, jonathan, disgraced ftx founder sam bankman-fried got 25 years in prison for his financial fraud. do the crypto markets care? have we beyond sbf? >> indeed, ashley. almost reminds me back in 2004 when it was -- excuse me, in 2014 when it was mount gox was the crypto blowup of the ere arrowhead and it survive that had and it'll survive sbf. it was new technology but very old time fraud. very traditional old fraud and justice was served. whether you want to buy crypto or...
0
0.0
Mar 29, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
kelly, thank you very much. >>> my next guest created unicoin after the ftx collapse. his name is mo, and he joins me now. great to have you, mo. let's begin begin with unicoin. what is it? >> unicoin is actually an alternative, right, that we actually launched because we believed that the lack of transparency, the anonymity and the decentralization of traditional cryptoor currency was so volatile -- clip the currency was so volatile and is so suspect, you know, and open for all kind of nefarious behavior. so unicoin is asset-backed. it's public reporting, it's compliant k. and so we believe that that is the future of cryptocurrency and, certainly are, sam bankman-fried's case certainly supports that message. ashley: and talking of sbf, what did you make of his sentence? do you think it's fair? >> i do think it's fair, and i think that the department of justice sent the right message and the judge, judge kaplan, did as well in the 252-year sentence and this -- 25-year sentence and this $11.2 billion fine. i think the message loud and clear. they're not going to tolerat
kelly, thank you very much. >>> my next guest created unicoin after the ftx collapse. his name is mo, and he joins me now. great to have you, mo. let's begin begin with unicoin. what is it? >> unicoin is actually an alternative, right, that we actually launched because we believed that the lack of transparency, the anonymity and the decentralization of traditional cryptoor currency was so volatile -- clip the currency was so volatile and is so suspect, you know, and open for all...
0
0.0
Mar 28, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
ashley: you know what's interesting, adam, when this happened, ftx collapse, there were a lot of people that said, you know what, this is -- could be really bad news for crypto, the credibility. that hasn't been the case. >> no, look at bitcoin trading at all time highs but i tell you, it was brutal for so many of us. i lost a lot of money. i was long silicon valley bank shares and silver gate. it was painful. i never thought that the ripple effect of what was happening down there in the bahamas was going to be so extreme, and it was. so a lot of us lost a lot of money on this whole thing. by the way, the fact that he now is going to have to serve 20 years, it doesn't feel good, it doesn't bring back the money i lost myself and that i lost for clients. but it does -- it keeps people honest and that's what's important. ashley: i'm being told, adam, this is the been a correction. it's 25 years so you can add on another 5. let's bring in kelly o'grady outside the courthouse with the very latest. kelly. kelly reporter: that's right, ashley. i can confirm it is 25 years and my producer ran n
ashley: you know what's interesting, adam, when this happened, ftx collapse, there were a lot of people that said, you know what, this is -- could be really bad news for crypto, the credibility. that hasn't been the case. >> no, look at bitcoin trading at all time highs but i tell you, it was brutal for so many of us. i lost a lot of money. i was long silicon valley bank shares and silver gate. it was painful. i never thought that the ripple effect of what was happening down there in the...
0
0.0
Mar 28, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
now to this, ftx founder sam bankman-fried's sentencing underway in new york. kelly o'grady outside the courthouse, what's the latest? >> reporter: this sentencing is still ongoing. got kicked off at 9:45 or so, but sam bankman-fried looked very disheveled, t-shirt and pants, every different from the clean-cut short haircut we saw during trial, the bushing made his back that we know so well. judge kaplan is coming down so much harder than i think anyone expected. sam bankman-fried is younger, that comes into play with sentencing of the prosecution is looking 40 to 50 years, the defense is seeking 5 to 6. 5, their argument is there was no harm done to victims as the bankruptcy process expects to return all those customer funds. the judge completely rejected that claim today. he went through point by point, arguing this is about intend and what sam bankman-fried and that the loss figure is $10 billion. he underscored customers will be repaid in value last in november of 2,022, the price of bitcoin is four times what it was when ftx collapse. the judge also confir
now to this, ftx founder sam bankman-fried's sentencing underway in new york. kelly o'grady outside the courthouse, what's the latest? >> reporter: this sentencing is still ongoing. got kicked off at 9:45 or so, but sam bankman-fried looked very disheveled, t-shirt and pants, every different from the clean-cut short haircut we saw during trial, the bushing made his back that we know so well. judge kaplan is coming down so much harder than i think anyone expected. sam bankman-fried is...
0
0.0
Mar 26, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
back down to around that $17-18,000 the prior cycle high, just the ftx, just the ftx scandal saw the price fall below it. it quickly recovered. so this cycle would put us at a triple, if those coincide with what is called the halving event with bitcoin miners. the rewards are cut in half. that in addition to a trillion dollars of new debt every hundred days created by the government. stuart: we shall see. thank, mike. the market is open. fox corporation rang the bell on the nasdaq. we've opened with more than half of the dow stocks, the dow 30, on the upside, and the dow itself is up about 50 points. move on to the s&p 500, also slightly higher, up about a quarter percent, 5230, is the level. and the nasdaq composite also opening higher this morning, a gain of almost .4%, 16,448. better have a look at big peck tech. where are they -- big tech. meta, microsoft, alphabet, amazon on the up upside, but apple is down. just holding on to the 170 level at this moment. truth social has official hi started trading -- officially started trading. i'm looking at a gain of 57%. tell me more, plea
back down to around that $17-18,000 the prior cycle high, just the ftx, just the ftx scandal saw the price fall below it. it quickly recovered. so this cycle would put us at a triple, if those coincide with what is called the halving event with bitcoin miners. the rewards are cut in half. that in addition to a trillion dollars of new debt every hundred days created by the government. stuart: we shall see. thank, mike. the market is open. fox corporation rang the bell on the nasdaq. we've opened...
0
0.0
Mar 22, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
liquidations going on in the gray scale bitcoin trust because that's where a ton of the assets where ftx, the defunct currency exchange where sam bankman-fried's going to jail for a long time, the recovered funds was parked in that etf, that fund. and as that fund is being liquidated to pay out the victims, it's putting a lot of pressure if on bitcoin. but the flows on a daily basis into the new etfs are outstripping new supply. that's going to comet. we have the halving event which is going to cut the new supply if dramatically coming up in late april. ashley: right. >> so, look, i'm very bullish on this. we have $2 trillion deficits as far as the eye can see. you have the government trying to seize assets can -- ashley: right. >> -- from a former president. what else do you want from it? ashley: exactly. 200,000. mike lee, terrific stuff, sir. thank you so much is. appreciate it. by the way, monday is donald trump's deadline to secure that a $454 million bond many his new york civil fraud trial, so what's the latest on this, lauren? lauren: trump is posting. he claims he has the cash,
liquidations going on in the gray scale bitcoin trust because that's where a ton of the assets where ftx, the defunct currency exchange where sam bankman-fried's going to jail for a long time, the recovered funds was parked in that etf, that fund. and as that fund is being liquidated to pay out the victims, it's putting a lot of pressure if on bitcoin. but the flows on a daily basis into the new etfs are outstripping new supply. that's going to comet. we have the halving event which is going to...