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Sorry about that, Tom.
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Lawmakers should make sure there are clear differences between centralized and decentralized exchanges, and they shouldn't be forced to follow rules that don't fit the risks they face.
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Even though there were many reasons to be skeptical of cryptocurrency schemes, the idea of the strange genius doing amazing things was too good to pass up.
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Sam Bankman-Fried's rise and fall shows how we live now: we tweet instead of read.
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Many investors forget that when it's easy to make money, even people who aren't very good at money can make themselves look like real geniuses.
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The arrogance and lack of skill of business giants is an old story. But the risk has grown because digital technology is so easy to scale up.
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FTX, a cryptocurrency exchange, rejected a Bloomberg News story that said the business was in talks with Robinhood but had yet to make an offer.
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As of now, FTX CEO Sam Bankman-Fried owns 11% of Voyager Digital, making him the sole shareholder.
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BlockFi plans to use the $250 million credit facility to strengthen its balance sheet and platform.
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Thanks to the idea of 'effective altruism,' which he studied in college, Sam Bankman-Fried, the wealthy founder of crypto exchange FTX, has plans to give away the great bulk of his money.