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StevenTanHC
2021-11-01

Oh no

World's richest 29-year-old says this is the biggest risk to crypto

A 'cascade, combining a big crash, liquidations,' and U.S. regulatory crackdown, says Sam Bankman-Fr

World's richest 29-year-old says this is the biggest risk to crypto

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld's richest 29-year-old says this is the biggest risk to crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-31 06:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A 'cascade, combining a big crash, liquidations,' and U.S. regulatory crackdown, says Sam Bankman-Fried</p>\n<p>Sam Bankman-Fried, the co-founder and CEO of FTX, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the world's most prominent crypto exchanges, says that one of the biggest potential risks to the bullish trend for the digital-asset market is a daisy chain of events alongside a regulatory crackdown.</p>\n<p>\"I really think...the biggest risk is a cascade, combining a big crash, liquidations,\" and a \"rule-making\" environment \"that together casts a really negative shadow over the crypto ecosystem,\" Bankman-Fried told MarketWatch on Wednesday afternoon during an interview at MarketWatch and Barron's \"Investing in Crypto\" virtual event series.</p>\n<p>The 29-year old, who is a U.S. citizen but resides in the Bahamas, is a graduate of the Massachusetts Institute of Technology and boasts a net worth of around $26 billion, according to Forbes</p>\n<p>FTX's own valuation recently topped $25 billion in its most recent funding round. The exchange platform is a cryptocurrency unicorn that offers derivative trading services with offices in the U.S. and the Bahamas, and is the sixth-largest global crypto exchange, according to CoinMarketCap.com.</p>\n<p>Bankman-Fried's comments come as the world's No. 1 cryptocurrency, bitcoin , was trading more than 5% lower Wednesday, at $58,000, and Ether on the Ethereum blockchain was down over 6%, at about $3,970 on CoinDesk.</p>\n<p>Meanwhile, meme coin Shiba Inu, a virtual asset that pays homage to Dogecoin , was up 64% on Wednesday.</p>\n<p>-Mark DeCambre</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179371226","content_text":"A 'cascade, combining a big crash, liquidations,' and U.S. regulatory crackdown, says Sam Bankman-Fried\nSam Bankman-Fried, the co-founder and CEO of FTX, one of the world's most prominent crypto exchanges, says that one of the biggest potential risks to the bullish trend for the digital-asset market is a daisy chain of events alongside a regulatory crackdown.\n\"I really think...the biggest risk is a cascade, combining a big crash, liquidations,\" and a \"rule-making\" environment \"that together casts a really negative shadow over the crypto ecosystem,\" Bankman-Fried told MarketWatch on Wednesday afternoon during an interview at MarketWatch and Barron's \"Investing in Crypto\" virtual event series.\nThe 29-year old, who is a U.S. citizen but resides in the Bahamas, is a graduate of the Massachusetts Institute of Technology and boasts a net worth of around $26 billion, according to Forbes\nFTX's own valuation recently topped $25 billion in its most recent funding round. The exchange platform is a cryptocurrency unicorn that offers derivative trading services with offices in the U.S. and the Bahamas, and is the sixth-largest global crypto exchange, according to CoinMarketCap.com.\nBankman-Fried's comments come as the world's No. 1 cryptocurrency, bitcoin , was trading more than 5% lower Wednesday, at $58,000, and Ether on the Ethereum blockchain was down over 6%, at about $3,970 on CoinDesk.\nMeanwhile, meme coin Shiba Inu, a virtual asset that pays homage to Dogecoin , was up 64% on Wednesday.\n-Mark DeCambre","news_type":1},"isVote":1,"tweetType":1,"viewCount":1154,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}