TagCrypto
The FTX Trial is Heating Up
Convicted for fraud, the former crypto mogul Sam Bankman-Fried is trying to offload the blame. But a key witness weakens his case.The trial of Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, is underway in Manhattan. Investors in FTX lost billions of dollars earlier this year, but Bankman-Fried is denying alleged fraud and misuse of funds. However, prosecutors are accusing him of systematically stealing those funds and channeling them unto personal means. A bombshell witness, Caroline Ellison, Bankman-Fried’s ex-girlfriend and a “top executive” in his business, took the stand earlier this month and supported the criticisms of the prosecution. David Gura writes for NPR, Though other former top executives at FTX businesses are testifying during the trial, Ellison was always considered the most important witness. After prosecutors first called her to the witness stand, everyone stood and faced the Read More ›
Life After Capitalism: Human Creativity Drives Economic Growth
Gilder once more rocks the archetypes of modern information theory and economics with a paradigm-shifting salvo of sheer brillianceAuthor of national bestseller Life After Google and generation-defining Wealth and Poverty, venture capitalist, futurist, and pioneering thinker extraordinaire George Gilder pinpoints how the clash of creativity with power at the heart of economic systems leads to global cognitive dissonance and argues that the creation of the novel taps capitalism’s infinite promise and is humanity’s only path of escape from stagnation and tyranny. Gilder once more rocks the archetypes of modern information theory and economics with a paradigm-shifting salvo of sheer brilliance. The capitalist era is over — get ready for life after capitalism. For more than two hundred years, capitalism spread wealth around the globe, bringing unprecedented prosperity and progress, liberating human potential. But something has gone terribly wrong in the world economy. Read More ›