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New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit – Bitcoin News

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New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit

The former FTX CEO Sam Bankman-Fried (SBF) says he plans to speak with Andrew Ross Sorkin at the annual New York Times Dealbook Summit on Nov. 30, according to a tweet he published on Nov. 23. SBF’s tweet received quite a bit of response and its unconfirmed as to whether or not the former FTX executive will appear in person or virtually.

No Shortage of Criticism After SBF Reveals He’ll Be Speaking With Andrew Ross Sorkin at This Year’s Dealbook Summit

Following the highly criticized New York Times (NYT) article about Sam Bankman-Fried sleeping better and playing video games, one person jokingly tweeted that day and said if SBF planned on attending this year’s Dealbook Summit he would “definitely [be] dropping by.” Coincidently, SBF is still listed to attend the conference, and according to a tweet SBF made on Wednesday, he plans to speak at the event.

“I’ll be speaking with [Andrew Ross Sorkin] at the @dealbook summit next Wednesday (11/30),” the former FTX CEO tweeted. Immediately after SBF published the tweet, he was criticized for being able to attend the NYT event.

New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit

The Twitter account @wsbchairman asked: “How did this dude steal billions of dollars and is now speaking at a summit as a free man?” One person replied to SBF and said that Bernie Madoff wasn’t so lucky when the Twitter account @fintwit said:

In 2008, Bernie Madoff was arrested within 24 hours of his fraud being revealed. In 2022, Sam Bankman-Fried will be attending the NYTimes Dealbook Summit after his fraud was revealed.

SBF’s tweet got a great number of harsh responses and people asking why the former FTX CEO was allowed to speak at such an event. According to the NYT Dealbook Summit event schedule, other conference speakers include Meta CEO Mark Zuckerberg, Tiktok CEO Shou Chew, U.S. Treasury secretary Janet Yellen, Ukraine president Volodymyr Zelensky, and former vice president of the United States Mike Pence.

The event on Nov. 30 will be hosted by the NYT columnist and Dealbook founder Sorkin. “Every year, we bring together the most consequential people at the intersection of business, policy, and culture that are impacting society,” Sorkin is quoted as saying on the event website.

SBF’s tweets are also set to a unique privacy setting, and only people SBF follows or mentions in his tweets can reply. One individual who could reply to SBF’s tweet, longtime bitcoiner Bruce Fenton, said there would be a few topics that he thought people would like to hear.

New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit

“Would be good to hear: When/how you decided to take client funds [and] use them as collateral for loans – this is the key issue much more than margin issues [and] is being brushed off,” Fenton said to SBF. “More on the political donations process [and] what those conversations are like behind closed doors,” Fenton added.

New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit
Elon Musk commenting on the NYT Dealbook article.

SBF is also featured in a Dealbook NYT article called: “Inside Sam Bankman-Fried’s Quest to Win Friends and Influence People.” According to the Dealbook Twitter account, the article talks about SBF’s “philanthropic arm” and “charitable contributions.” Dealbook’s tweet was also filled with a great number of people who disapproved of the way the NYT was reporting on SBF.

One individual wrote: “Sam Bankman-Fried is a criminal who stole billions from his customers.”

Tags in this story
Andrew Ross Sorkin, Bruce Fenton, Criticism, Dealbook Summit, Former FTX CEO, FTX collapse, FTX fallout, Janet Yellen, Mark Zuckerberg, Mike Pence, Mocked, New York Times, NYT, NYT article, NYT Dealbook Summit, Sam Bankman-Fried, Sam Bankman-Fried (SBF), sbf, SBF Dealbook Summit, Shou Chew, Volodymyr Zelensky, wsbchairman

What do you think about SBF speaking at the NYT Dealbook conference? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Crypto Derivatives DEXs Reposition for Life After FTX

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Crypto Derivatives DEXs Reposition for Life After FTX


That’s driven lots of new interest to some of the earliest decentralized players. Dan Gunsberg, creator of Solana-based derivatives exchange Hxro, said that in recent weeks he’s seen a boom in interest for his trading platform, which he claims cannot fall prey to the same pain points that felled FTX and its sister company, Alameda.


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Price analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

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Price analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain.


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Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits – Mining Bitcoin News

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Bitcoin's Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits

While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago.

Bitcoin’s Hashrate Slips Lower

The first week of November 2022 was brutal for digital currency prices as FTX’s collapse rippled across the entire industry in a negative fashion. Prior to the FTX fallout, bitcoin was trading above the $20K zone and the network’s total hashrate was coasting along at roughly 270 to 290 exahash per second (EH/s) before the blowout.

There was a quick burst of increased hashrate the day after FTX filed for bankruptcy and BTC’s total hashrate tapped an all-time high on Nov. 12, 2022. At block height 762,845, bitcoin miners managed to get the hashrate to briefly rise to a whopping 347.16 EH/s. Since then, the hashrate has divebombed and slid below the 200 EH/s range on Nov. 26.

Bitcoin's Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits

Presently, bitcoin miners have managed to rise above the 200 EH/s region, to the current 236 EH/s recorded at 10:15 a.m. (ET) on Dec. 2, 2022. The drop in hashrate indicates that unprofitable mining entities have been forced to shut down machines, while only the strong operators survive.

At the time of writing, the estimated cost of bitcoin production ($16,956) is awfully close to the leading crypto asset’s spot market value ($16,897). Previously, the cost of bitcoin production was $18,313 on Nov. 30, which was significantly higher than BTC’s spot market value. With a drop in BTC production costs, it makes it easier for current operators to survive.

Bitcoin miners are also expecting a large mining difficulty reduction between 6.56% to 7.9% lower than today’s difficulty rating on or around Dec. 5, 2022. Presently, the estimated mining difficulty reduction could be the largest difficulty drop the network has seen in 2022. Since Nov. 30, up until Dec. 2, 2022, roughly 80 exahash of hashpower has been removed from the network’s total hashrate.

Tags in this story
Bitcoin, Bitcoin (BTC), Bitcoin Miners, Bitcoin mining, bitcoin mining sector, block rewards, block times, Blocks, braiins.com, cash reserves, Change in Difficulty, Cost of Production, Cryptoslate, difficulty change, difficulty retarget, glassnode, Hash Price, Macromicro.me, Miners, mining, Mining BTC, Mining Difficulty, Mining Operations, Mining Pools, Mining Report, pay down debt, selling BTC

What do you think about the current state of Bitcoin’s hashrate? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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