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Crypto.com CEO says will prove naysayers wrong amid FTX contagion fears

Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images The boss of cryptocurrency exchange Crypto.com took to YouTube Monday to reassure users of his platform after the stunning collapse of rival firm FTX sparked fears of a …

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FTX says it’s removing trading and withdrawals, moving digital assets to a cold wallet after a $477 million suspected hack

In this photo illustration, the FTX website is seen on a computer on November 10, 2022 in Atlanta, Georgia. Binance, the world’s largest cryptocurrency firm, agreed to acquire FTX, another large cryptocurrency exchange, in a rushed sale in order to prevent a liquidity crisis, which is known as the “Lehman …

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Sam Bankman-Fried reportedly denies fleeing to Argentina, says he’s still in the Bahamas

Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the disgraced ex-CEO of the now-bankrupt crypto exchange FTX had …

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Sen. Markey demands answers from Musk on Twitter imposters

Senator Ed Markey speaks at the Back the Thrive Agenda press conference at the Longworth Office Building on September 10, 2020 in Washington, DC. Jemal Countess | Getty Images Sen. Ed Markey demanded answers from Twitter owner Elon Musk about its new verification and impersonation policies Friday after a Washington …

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Twitter Blue subscription paused after users abuse it

In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images Twitter appears to have paused its $7.99/month Blue Blue subscription …

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Scaramucci talks FTX, Sam Bankman-Fried and ‘the worst week in cryptocurrency history’

Anthony Scaramucci, the founder of SkyBridge Capital and short-time Trump communications director, spoke on CNBC’s Squawk Box Friday morning about friend and business partner Sam Bankman-Fried, the CEO of the crumbling crypto exchange FTX. FTX, which took a 30% stake in Scarmucci’s SkyBridge Capital in September, is facing potential bankruptcy …

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Investors lost more than $2 trillion since

An attendee wears a “Will Work for NFTs” shirt during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of the blockchain, crypto, NFT, and Web 3 ecosystems, and their wide-reaching effect on commerce, culture, and communities. Jordan Vonderhaar | …

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An expensive VR experiment with no audience

Sofia Pitt using Meta Quest Pro Sofia Pitt I’ve been testing the new $1,500 Meta Quest Pro virtual reality headset since it launched on Oct. 25. After spending about two weeks with it, here’s my takeaway: The Pro has an identity crisis. At $1,500, it’s far too expensive to be …

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FTX collapse won’t sink the crypto economy, Blockchain.com CEO says

This week’s FTX collapse is “a tragedy and total failure of governance,” Blockchain.com CEO and co-founder Peter Smith told CNBC’s “Closing Bell” on Thursday, but it’s not going to sink the crypto economy by any stretch. According to Smith, the rapid downfall of Sam Bankman-Fried’s company will accelerate a trend …

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How Spotify stayed No. 1 in streaming music vs. Apple, YouTube, Amazon

Onur Dogman | LightRocket | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Spotify, once a Swedish startup tasked with tackling music piracy issues, is now the most popular audio streaming subscription service in the world. …

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