FTX Hearings: All the Big Moments in 12 Minutes

Congress recently held two hearings investigating the FTX collapse. Watch the big moments in this recap.

It’s Time to Pay Attention to A.I. - ChatGPT and Beyond

Imagine being able to have a language conversation about anything with a computer. This is now possible and available to many people for the first time with ChatGPT. 

In this episode we take a look at the consequences and some interesting insights from Open AI’s CEO Sam Altman.

The Case Against Sam Bankman-Fried

Sam Bankman-Fried has been arrested, accused of engineering “one of the biggest financial frauds in American history.” 

In a Department of Justice indictment unsealed on Tuesday, Bankman-Fried has been charged with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations of campaign finance laws. 

Bankman-Fried, who was arrested in the Bahamas on Monday, faces years in prison if convicted. 

The charges point to a long-running scheme to misappropriate the deposits of exchange customers to pay debts and expenses of Bankman-Fried’s private trading firm Alameda Research and to make investments. 

The conspiracy ran from 2019 — the year he founded FTX — until its collapse last month, according to the complaint.

‘This Company Was Uniquely Positioned to Fail:’ FTX Group CEO John Ray

Streamed live 14 hours ago. Watch coverage of a House Financial Services Committee hearing with FTX Group CEO John Ray following the arrest of former CEO Sam Bankman-Fried in the Bahamas.

US bank branch closures widen social inequality

The FT travels to the Mississippi Delta to see how banking and predatory lending are widening social inequality. Today there are more than 1,600 'banking deserts' in the US, with the lack of financial services hitting African-Americans the hardest. This film is part of the FT's Financial Literacy and Inclusion Campaign, an FT charity promoting financial literacy.

Sam Bankman-Fried Arrested in Bahamas After US Files Charges

Sam Bankman-Fried was arrested in the Bahamas. His detention followed a notification from the US that it had filed criminal charges against the disgraced co-founder and former head of digital-asset exchange FTX, according to the Bahamas attorney general.

Citadel Advantage News Digest - Issue #158

Read / Subscribe to the “Citadel Advantage News Digest” Issue #158 - In this edition -

• Green Loans: A Fast-Track Method to Be a Banking ESG Leader
• Cryptocurrency Exchanges, Regulation and Bank Runs: A Summary
• The whole point of money is to NOT know your customer - Chris Skinner's blog
• Just 8% of Americans have a positive view of cryptocurrencies now
• 'Bank of Twitter': Is Elon Musk Spitballing Or Could It Really Work?
• Why Crypto’s Crash Hasn’t Spilled Into Other Markets
• Elon Musk Is Hiring Relatives at Twitter in Literal Nepotism

NEWS about World Affairs, Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Check it out HERE