The crypto industry is in dire need of help, and there’s no central bank that can save them. Sam Bankman-Fried, the billionaire chief of crypto exchanges, has signed agreements to bail out two companies in just a few weeks: BlockFi (a quasi-bank) and Voyager Digital (a digital asset brokerage). FTX, Bankman-Fried’s crypto exchange, agreed Tuesday...Read More

The World Bank warned of a global recession. David Malpass, President of the World Bank, stated that “recession will be difficult to avoid” for many countries. “This is the most severe slowdown in 80-years.” World Bank: Global Recession and Stagflation Tuesday’s warning by the World Bank was about the increasing risk of global recession and stagflation. David Malpass,...Read More

CNBC interviewed Andy Jassy, Amazon CEO, Thursday about cryptocurrency and non-fungible tokens (NFTs). In July 2017, Jeff Bezos was replaced by Jassy as Amazon’s president and CEO. Since 2003, he was the leader of Amazon Web Services (AWS). The CEO of Amazon stated that he is not likely to accept cryptocurrency as a payment method for products...Read More