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Shark Tank celebrity Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto reciprocate FTX. In other news, Russian president Vladimir Putin has called for international settlements based on digital currencies. All this and more unbiased below in this edition of the Bitcoin.com News Week in Review.
Kevin O’Leary Reveals How He Almost Secured $8 Billion to Let loose FTX Before It Collapsed
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to salvage crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, embracing the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), all interested investors vanished.
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Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Effect come what may
Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas discussion that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was hypothetical to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters.
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Putin Calls for International Reconciliations Based on Blockchain and Digital Currencies
Russian President Vladimir Putin believes a new system for international money delivers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and partitioned ledger technology will be “much more convenient.”
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Robert Kiyosaki: I’m Still Bullish on Bitcoin — Crypto Cannot Be Denounced for FTX Collapse
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin in defiance of the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be blamed for the actions of former FTX CEO Sam Bankman-Fried.
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What are your ruminations on this week’s stories? Let us know in the comments section below.
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