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BOSS Price   

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BOSS Price:
$45.3 K
All Time High:
Market Cap:
$1.4 M

Circulating Supply:
Total Supply:
Max Supply:


The last known price of #BOSS is $0.00000000327 USD.

Please note that the price of #BOSS was last updated over 40 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #BOSS statistics should be considered as 'last known value'.

The lowest BOSS price for this period was $0, the highest was $0.00000000327, and the exact last price of BOSS was $0.00000000327173.

The all-time high BOSS coin price was $0.0000000548.

Use our custom price calculator to see the hypothetical price of BOSS with market cap of BTC and how the supply of BOSS affects the price at different market capitalizations.


The code for Boss crypto currency is also #BOSS.

Boss is 2.8 years old.


The current market capitalization for Boss is $1,383,240.

Boss is ranking downwards to #3152 out of all coins, by market cap (and other factors).


The trading volume is modest today for #BOSS.

Today's 24-hour trading volume across all exchanges for Boss is $45,325.


The circulating supply of BOSS is 422,785,924,047,759 coins, which is 96% of the total coin supply.

Relatively, Boss has a large supply of coins, 19,217,542 times larger than Bitcoin's supply, for example.


BOSS is a token on the Binance Smart Chain blockchain.


BOSS has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 2 crypto exchanges.

View #BOSS trading pairs and crypto exchanges that currently support #BOSS purchase.



Why Random Tokens Appear In Your Wallet — Airdrop Scam Tokens

Why Random Tokens Appear In Your Wallet — Airdrop Scam Tokens - Airdrop Scam Tokens If you have ever checked your crypto wallet on a chain explorer you would of probably discovered various tokens sitting in your wallet that you don’t remember buying. This is when the airdrop scam token funnel starts. — How The Airdrop Scam Works - Rogue developers will create a token contract that prohibits anyone except whitelisted wallet addresses from selling the token. They can then manipulate the supply and liquidity of the token to give the token false US dollar value.Supposedly over $1,000 in airdropped tokens. Of course these tokens are not actually worth the US dollar amount claimed on the blockchain since they are unsellable on a DEX. The rogue developer will then send these tokens of a variable amount in US dollar value, from a few hundred dollars to thousands of dollars of the token to random wallet addresses they have scraped from the blockchain. The token name will be something specific or even have a URL in the name. Sometimes even hijacking the name of a legitimate cryptocurrency project. The goal being for potential victims to search “how to redeem x token” which points to a site which claims to be able to let users redeem their tokens.Airdrop scam token “redeem” page This is the end point of the scam funnel. When a victim tries to redeem the tokens they have been airdropped, it will usually charg...

Boss Track Now Shows Cross-Chain Performances On a Single Page

Boss Track update #2 now live! We are pleased to announce that Boss Track is now updated to keep multiple chains of asset performance on a single page. Users can now see the performance of their assets on Ethereum, BSC, Avalanche and Cronos on a single page without needing to switch between pages. It gives the user a full picture of how their DeFi portfolio is performing in a more user friendly way. We believe this improves the user experience of Boss Track by reducing micromanagement from the part of the user by needing to click the buttons to switch between chain. It is now all in one page.Boss Track now displaying performance data on BSC & Ethereum assets on the same page. Next to each asset it will show a border with a chain icon near the token logo to show which chain the asset belongs to. For instance, USDT on BSC will show the BSC logo in the top right of the token asset to distinguish it from USDT on Ethereum. For those that have connected wallets to Boss Track before this update, you may need to reconnect wallet addresses to fix any conflicts with the old UI not showing the wallet page correctly. We are pleased to continue developing Boss Track during our Beta period to improve our platform and to make DeFi easy!

Boss Track To Integrate With Avalanche

Boss Track Avalanche Integration We are pleased to announce Boss Track will now be compatible with assets on Avalanche. Users can simply switch between different chains on Boss Track to track the profits & losses of their various assets and overall wallet on Avalanche and the total of their wallet in $AVAX. Avalanche boasts over 2.5 million unique senders and over 300 million transactions, making it one of the largest chains in the space. We believe this integration can expand the operation of Boss Track to more and more users in the cryptocurrency space. We will continue to add more compatible chains to the Boss Track platform in the future!

Boss Track Update To Remove Airdrop Scam Tokens From Website

One of the most apparent issues we encountered in BossTrack’s development is the nature of airdrop scam tokens that find their way into BSC and Ethereum wallet addresses in particular. For those not in the know, if you look at the tokens a wallet address holds, you will most likely find a lot of tokens that weren’t purchased by the user that got sent to them. These tokens will often be deceptive in nature, manipulating supply and price to give holders the false idea that these tokens are worth a small fortune.Airdropped tokens into a wallet These cryptocurrency tokens will typically have no logo, listing on CoinGecko, CoinMarketCap or centralized exchange and a very small market cap. A common scam that is used doesn’t allow the holder to trade them via typical means like trading on a Decentralized Exchange, it relies on the user googling the token name to find a website charging a bogus “gas fee” to withdraw the tokens that are typically worth much more than the gas fee. The scam as you could expect is to take the bogus “gas fee” from the holder and not let them sell their tokens. This is one example. There are of course quite a few variations of this airdrop scam that could compromise your wallet if interacted with. We strongly advise not to interact or trade with tokens just randomly given to your wallet for no apparent reason. This became such a problem that when adding a new wallet address to the BossT...

Boss Track Beta To Be Launched On September 20th

We are pleased to announce we will be launching our public beta test of Boss Track on September 20th. Users will be able to connect their wallets and track their DeFi portfolios via connecting their wallet addresses.Boss Track Open Beta Users will be able to test our DeFi portfolio tracking dApp at by entering their wallet addresses without any cost. This will give users a real time update of the profits & losses of their DeFi assets. It is as simple to begin as copy and pasting the wallet address from your MetaMask or Trustwallet. No site permission or web3 connection is needed.Desktop & phone dashboard — Flexibility Of Use - Users can use up to 4 different wallet portfolios as well as some premium features will be enabled for all users during this beta testing phase of development. This is so we can onboard as many users as possible and fix bugs and problems with the platform before our official launch. As it stands you will be able to track assets on the following chains: Binance Smart Chain, Ethereum Chain, Polygon Chain, Cronos Chain, Users can easily switch between tracking the performance of assets on their wallet across these 4 chains at the press of a button.Switch chain function — Open Testing - We have decided to open our testing to the public which will allow for invaluable feedback from users, letting us improve and optimize the experience for our users by changing featur...

Boss Track To Integrate With Cronos Chain

We are pleased to announce Boss Track will be integrated with Cronos Chain. Users of BossTrack will be able to track their Cronos assets profit and losses with our dApp.BossTrack x Cronos Integration One of the more promising up and coming chains in cryptocurrency is Cronos ran by The chain boasts almost 1 million unique wallets as well as over 59 million transactions on chain. We believe this number can scale much farther as we approach more favourable market conditions. Users can select Cronos chain amongst our already existing compatible chains to see the live performance of their assets when we launch to the public.BossTrack Cronos Chain dashboard We believe the more chains we add to BossTrack, the stronger our user experience becomes in the DeFi space.

Boss Track Now Integrated With Polygon

As DeFi expands and develops new smart chains with potential and innovation, so too does Boss Track adapt around the developments in DeFi. The Polygon network is one of the largest smart chains alongside Ethereum and BSC, with over 135+ million addresses on the network. This is why we are pleased to announce Boss Track will now be integrated with Polygon. DeFi wallets with assets on Polygon will be able to track their DeFi assets by selecting Polygon network from their wallet page. Users will then be able to see the profit & losses of their assets on Polygon, as well as the overall performance of the entire wallet.Polygon wallet dashboard for Boss Track. Users will still be able to switch between BSC and Ethereum via the same interface at the click of a button. We are thrilled to develop many more chains and integrations into Boss Track in the future to make it the ultimate DeFi portfolio tracker when we launch to the public. We believe the more DeFi users use Boss Track, the greater the use case ecosystem that develops for holders of Boss Token. Amongst the deflationary and passive reward tokenomics of $BOSS, so too will Boss Token also have a use case for general DeFi users.

Why Boss Track Will Make DeFi Better

There has been a long standing problem with DeFi, and that is just being able to see what your portfolio is doing. Doing a simple task such as checking how much your wallet’s tokens are worth typically takes a user minutes of signing into a decentralized exchange using MetaMask or Truswallet, then pairing their tokens to USDT on a decentralized exchange, one by one. It is an undeniably a poor user experience. Something as simple as just checking the price of your tokens, requires multiple time consuming steps for a user, wasting minutes out of people’s days. This needs to change. So, we have made Boss Track to save people’s time. What is Boss Track? We are developing a dApp website that simply tracks the portfolio of someone’s Ethereum and BSC wallets. This gives people a simple ‘at a glance’ break down of what your DeFi assets are doing. Users will be able to see the profits and losses of their overall portfolio as well as a breakdown of each of the coins in their wallets. This ends the ‘clunky’ previous user experience of having to sign in through a decentralized wallet, and compare tokens to a stablecoin on a decentralized exchange each time you want to check your portfolio. Connecting a wallet address is easy, simply connect it through Web3, or paste your wallet address manually in the website for the portfolio tracking to begin. This will be compatible with both Ethereum and BSC wallets. You can swi...

Is Boss Token Still a “Meme Coin” If It Has a Use Case?

In the cryptocurrency world, a “meme coin” typically has negative connotations to the wider cryptocurrency market. In short, it usually refers to a coin that is ran off of hype and simple speculation, without any utility or use case to speak of. Common examples are Dogecoin and Shiba Inu. Boss Token like many other coins built on the Binance Smart Chain are referred to as meme coins. As a developer I haven’t been shy or reluctant at calling Boss Token a meme coin. Other developers of similar coins try to pretend their project is something it is not, I on the other hand, have been more honest. When you get to the meat and bone of the matter, the use case for Boss Token right now, is a cool dog in the logo.Boss Token’s Logo For this reason, I expect Boss Token’s price action to mimic what other meme coins are doing in particular Doge & Shiba Inu. Also for this reason, it has gained its share of enthusiastic supporters who enjoy the volatility of this highly speculative cryptocurrency, and also its critics. However Boss Token has greater potential… — The Future of Boss Token - The status of a meme coin can take a project far by building a decentralized community. However this can be taken even further with a use case. I believe the developers of various successful meme coins have also figured that out, such as the Shiba Inu & FEG team launching their own use cases on what were originally called ...

What I Learned From Shiba Inu Coin and How It Relates to Boss Token

To many people’s surprise, Shiba Inu had one of the most explosive growths in cryptocurrency in 2021. Within a space of a few months, I saw it grow from a $200k market cap to over $10 billion, during that time many people said it would go to zero, but Shiba Inu made them look foolish. How did this happen? I have my theories… — Piggy Backing off Dogecoin’s Popularity - First of all, you can not talk about Shiba Inu without talking about Dogecoin. Doge was the first meme coin, created as a joke by an IBM software engineer named Billy Markus in 2013. However, as fate loves irony, it became a genuine blue chip coin in the top 10 of coins by market cap in 2021. This came about due to the positive market sentiment and also Elon Musk promoting the coin. Shiba Inu however, was released in August 2020 to little to no acclaim. The time I got involved in Shiba Inu was in January 2021, and the coin was being marketed as “The Dogecoin Killer” even saying as much on their official website, was this inflammatory? yes. Was it effective marketing? also, yes.Me promoting the Shiba Inu Website on February 1st, 2021 / Shiba Inu became intentionally associated with Dogecoin by the developers, letting it piggy back off Dogecoin’s rise in popularity and also Elon Musk’s tweets about the coin. Every time Elon Musk would make a tweet involving Shiba Inu (the dog) in reference to dogecoin, Shiba Inu coin would ...


Snowden Blasts Elizabeth Warren as 'Pro-Banker,' Claims She 'Rolls Over'...

    This week, the crypto community actively discussed Massachusetts Senator Elizabeth Warren's remarks labeling crypto as a potential threat. Additionally, JPMorgan boss Jamie Dimon voiced a similar sentiment, asserting he would close crypto down if he held governmental power. In response to Warren and Dimon's statements, Edward Snowden, the former National Security Agency (NSA) contractor and whistleblower, publicly criticized Warren for her inclination towards banks.Snowden Accuses Warren of Favoring Big Banks in Crypto Tussle Recently, Democratic Senator Elizabeth Warren of Massachusetts has been advocating for revisions to U.S. banking regulations to encompass cryptocurrencies. Her opposition to crypto has intensified, as evidenced on CNBC's 'Squawk Box,' where she labeled crypto as a 'threat' and emphasized that the U.S. government must not let it persist. Lately, Warren has shown increased favor towards the banking sector, even advocating for a central bank digital currency (CBDC) during an April interview with Chuck Todd. In a recent Senate banking committee oversight hearing, Warren engaged in discussions about this matter with several leaders from America's foremost banks. The hearing saw Warren in agreement with key figures like Bank of America's CEO Brian Moynihan, JPMorgan's Jamie Dimon, Wells Fargo's Charles Scharf, and other top brass officials from some of the largest financial institutions in the U.S. Although Warren was previously recognized as a formidable adve... read More

Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Li...

    Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor's closing argument paints a picture of Bankman-Fried building a mountain of lies that eventually collapsed, 'leaving countless victims in its wake.'From Crypto King to the Courtroom's Closing Arguments: The Bankman-Fried Saga Almost a year ago, customers began trying to withdraw funds from FTX, but their requests went unprocessed as FTX went bankrupt with $10 billion missing, prosecutor Roos told the court on Novemeber 1, 2023. The federal government’s closing argument was published by Matthew Russell Lee from the Inner City Press. Roos argued that Sam Bankman-Fried spent FTX customer money to cover expenses, buy property and make political donations in a “pyramid of deceit” that eventually collapsed. Roos said Bankman-Fried knew taking the money was wrong but believed he could evade consequences. “He thought he was smarter, and could walk his way out of it. Today, with you, that ends,” Roos said to the jurors. Roos said Bankman-Fried set up a secret system allowing his quantitive trading firm Alameda Research to take FTX customer funds with zero risk of liquidation. Roos called this stealing: '[It's] fraud. It's stealing plain and simple.' Roos said Bankman-Fried lied repeatedly on the stand, unable to recall det... read More

Former FTX Boss Sam Bankman-Fried to Testify on Thursday in High-Stakes ...

    Ex-FTX chief Sam Bankman-Fried is slated to make his case directly to the jury in his ongoing trial, as shared by his defense lawyer, Mark Cohen. Bankman-Fried's decision to testify comes on the heels of several witnesses who have spoken against him in recent weeks.Facing Accusations: Sam Bankman-Fried Prepares to Plead His Case Directly to Jury Having already shared his side of the story with outlets like The New York Times and Good Morning America, Sam Bankman-Fried (SBF) is gearing up to assert his innocence to a panel comprising 12 jurors and six alternate jurors. Defense counsel Mark Cohen announced that SBF will take the witness stand, in a press statement conducted via teleconference on Wednesday. This development has been widely reported, with Matthew Russell Lee of Inner City Press providing insights. Russell Lee has confirmed that he will be broadcasting a live stream of SBF's testimony through social media platform X. SBF has sat through testimonies from past colleagues, including Caroline Ellison, Gary Wang, and Nishad Singh. He has also heard from FTX’s former general counsel and the CEO of Blockfi, all of whom have testified against him. Despite these challenges, the ex-FTX CEO maintains his innocence, pleading not guilty to all charges, even as he stares down a potential sentence of over 100 years in prison. His testimony is scheduled for Thursday, October 26, 2023, and Cohen has hinted that it will be a comprehensive examination likely to take all day. ... read More

Skybridge Boss Scaramucci Predicts Bitcoin's Value Could Multiply 11-fol...

    Anthony Scaramucci, founder of Skybridge Capital, believes that if the U.S. Securities and Exchange Commission (SEC) approves Blackrock's spot bitcoin exchange-traded fund, the value of bitcoin could surge significantly. Scaramucci also discussed Sam Bankman-Fried, the former head of FTX, and Gary Gensler, the current chair of the SEC.Scaramucci Shares His Bold Bitcoin Prediction, Discusses SEC Chair Gensler and Former FTX Chief Bankman-Fried Scaramucci, who is optimistic about bitcoin, recently spoke with Altcoin Daily about various crypto-related topics. The American financier touched on Blackrock's Bitcoin ETF, mentioning he was its first external investor. He also addressed the situation with Sam Bankman-Fried, the former FTX chief who owned a 30% stake in Skybridge Capital. Scaramucci said he's negotiating with the bankruptcy estate and has no plans to testify in Bankman-Fried's trial. The Skybridge leader stated he spent approximately four hours with the Department of Justice (DOJ), who informed him that his testimony wasn't required. 'I've been very public that I think he's a fraud,' Scaramucci candidly said about Bankman-Fried. 'Sam equivocated his ADHD and his sloppiness and his disorganization as a cover for the crimes that were being committed,' Scaramucci told Altcoin Daily. 'You can't have $8.8 billion of your customers' money in your personal account no matter what your excuse for that, you cannot do that.' Scaramucci continued: I think the sentence will be ligh... read More

IMF Boss Kristalina Georgieva Calls to Accelerate 'Financial Inclusion' ...

    Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has argued that digitalization could help to scale up 'financial inclusion.' During a keynote, Georgieva stated that digitalization worked well in this sense and called for an extension of initiatives to promote financial inclusion. IMF Managing Director Kristalina Georgieva Calls to Digitalize Economies Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has referred to digitalization and its relation to 'financial inclusion.' During a keynote at the 2023 Annual Meeting of the IMF in Marrakesh, Georgieva called for extending these digitalization initiatives, stating they were 'clearly working out' in reaching more people. Georgieva stated: Digitalization is the most important way in which we can rapidly scale up financial inclusion and we saw that during COVID. We now see that many more of these digitally empowered schemes are in place. She praised the properties of digital innovations, explaining that these were already ubiquitous in today's economy. She declared: Everywhere I look it is digital that moves help to people, moves investment, and on that basis moves the ability of the economy to accelerate. We know that digital brings the cost of transacting down. Georgieva emphasized that the world we live in today is very different than the world in which she lived, with speed and interconnectivity being factors marking today's economy. She stressed ... read More

SEC Boss Gary Gensler Completes Senate Hearing: Here's What Crypto Inves...

    SEC Chairman Gary Gensler is on the hot seat as the Senate Banking Committee demands answers and clarity on a range of topics including the commission’s ongoing investigations in the crypto space and Gensler’s belief that cryptocurrencies should be regulated under the securities law.  Senate Banking Committee Grills Gensler Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC) was cross-examined by the Senate Banking Committee on Tuesday, September 12. The committee probed the SEC boss for clarification on the commission’s complex rules changes and the ability of these new regulations to address future market failures.   Following the hearing, a Journalist at Fox Business, Eleanor Terrett, revealed in an X (formerly Twitter) post a list of key points from the hearing between SEC Chair Gary Gensler and the Senate Banking Committee.  She stated that a variety of topics were discussed in the hearing, with Artificial Intelligence being the primary focus, while cryptocurrency was discussed on a small scale. Nevertheless, Terrett explained that the members of the committee brought to light Gensler’s rule-making pace, and his aggressive pursuit of crypto firms in the industry.  Republican members of the committee mostly questioned Gensler on his activities in the crypto industry. Some members felt he was encouraging a turbulent environment in the crypto space by enacting new rules and regulations at an ... read More

Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit

    Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot substantiate Mashinsky is currently violating the law.Mashinsky Fights Back: Former Celsius CEO Challenges FTC Lawsuit, Claims No Legal Violations In a memorandum filed September 11, 2023, Mashinsky's legal team asserts the FTC complaint does not show he breached the Federal Trade Commission Act. His lawyers claim the FTC cannot seek monetary damages under the Act per a 2021 Supreme Court ruling. 'The complaint cannot substantiate a claim that Mashinsky 'is violating' or is 'about to violate' the law because Mashinsky resigned from his position as CEO of Celsius [on] September 27, 2023,' the court filing reads. The memorandum states the FTC's allegations fail to support that Mashinsky knowingly made false statements to deceptively obtain customer data. This purportedly does not meet the requirements to allege a violation of the Gramm-Leach-Bliley Act. Mashinsky's lawyers also contend the FTC has not demonstrated grounds for monetary relief under the Act. In their filing, Mashinsky's attorneys ask the court to dismiss the FTC's Federal Trade Commission Act and Gramm-Leach-Bliley Act claims against him. They argue the complaint does not establish that Mashinsky broke any laws or regu... read More

Turkish Crypto Exchange Boss Gets 11,196 Years in Prison

    The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal organization.Thodex Chief Sentenced to 11,196 Years in Prison The CEO of collapsed Turkish cryptocurrency exchange Thodex, Faruk Fatih Özer, was reportedly sentenced to 11,196 years, 10 months and 15 days in prison on Thursday. AFP reported that prosecutors had requested a prison sentence of 40,562 years for the 29-year-old crypto exchange boss. Özer was found guilty of various charges including fraud, leading a criminal organization, and money laundering. The court also found Thodex to be a criminal organization and that Özer acted with fraudulent intent from the beginning. In addition, Özer's sister Serap and brother Guven were found guilty of the same charges. The Thodex CEO refuted the finding that his intentions were criminal. He told the court he would 'not have acted so amateurishly' if that was the case, according to state-run news outlet Anadolu Agency. The publication quoted him as saying: I am smart enough to lead any institution on Earth … That is evident in this company I established at the age of 22. Thodex, founded in 2017, was one of the largest crypto exchanges in Turkey before it abruptly collapsed in April 2021. The platform went offline and... read More

Binance Boss Counters 'FUD' Amidst Legal Challenges, Touts Company's Res...

    Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange's leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some top executives, CZ said Binance likely has 'the lowest founding team turnover of any tech startup of our size and age, in the world.'Binance's CZ Refutes Negative Buzz Binance CEO Changpeng Zhao, known as CZ, addressed concerns raised by recent 'FUD' headlines, assuring the community that everything is under control. Binance faces legal challenges from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Moreover, several top executives have reportedly departed the company in recent weeks. 'Saw some debates in the community,' CZ said on Thursday. 'When you do the right thing, and there is FUD, you don't have to do anything. The community defends you. Let me summarize. There have been a lot of negative news/rumors, bank runs, lawsuits, [the] closing of fiat channels, product wind downs, employee turnover, exit markets, etc.' The Binance CEO added: Guess what we don't have? No liquidity issues. All withdrawals (and deposits) are properly handled. All customer funds are SAFU, and 100% reserved. There are also: won court cases, bank run handled and then record deposits, new fiat channels, smooth sunsetting of old products and launching of new products, new... read More

An Adderall Shortage and No Vegan Meals — Former FTX Boss Struggle...

    After Sam Bankman-Fried, once the head of FTX, petitioned the court for a five-day-a-week release from incarceration, the overseeing judge swiftly denied the plea. On Tuesday, Bankman-Fried pleaded not guilty in response to the most recent charges. Meanwhile, his legal team emphasized that he was subsisting solely on bread and water within the confines of the Metropolitan Detention Center (MDC) in Brooklyn, New York. Bankman-Fried Pleads Not Guilty Amidst Dietary and Medical Struggles in Brooklyn Detention Center Sam Bankman-Fried, known as SBF, is confronting difficulties at Brooklyn's Metropolitan Detention Center, or MDC. The 31-year-old appeared before U.S. judge Sarah Netburn on Tuesday, asserting his innocence against recent charges. His attorneys said the jail isn't addressing his hyperactive disorder because it's allegedly not providing him with Adderall. There has been a notable shortage of Adderall in 2023, and it isn't standard for jails to give this medication to prisoners. However, SBF has obtained a court order directing the MDC to supply him with Adderall. According to reports, he's living on just bread and water, as his attorneys assert he needs vegan meals. They argue that the lack of appropriate medication and food could hinder his defense. The MDC, a federal detention center, houses male and female inmates in different sections and has various security levels. The facility has a reputation for its tough conditions, leading some to question if SBF is in prot... read More

FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail

    FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the social media outlet X, where Bankman-Fried's legal counsel revealed that the attorneys intended to challenge the ruling. However, despite these intentions, Bankman-Fried was subsequently taken into custody by the U.S. Marshals.Sam Bankman-Fried Remanded to Jail After Bail Revocation In the past fortnight, the legal team prosecuting the case against Sam Bankman-Fried has been striving to incarcerate the former FTX CEO on grounds of suspected witness tampering. Bankman-Fried disseminated selected passages from an online journal penned by former Alameda CEO Caroline Ellison to a New York Times journalist. The Department of Justice (DOJ) has asserted that these leaked fragments were designed to cow a witness slated to testify against the one-time head of FTX. Since these excerpts surfaced, a heated debate has ensued between the parties, as they sparred over whether Bankman-Fried's action constitutes a mere exercise of free speech or a deliberate attempt at witness intimidation. According to an X thread published by Matthew Russell Lee of the Inner City Press, the judge presiding over the case has decided to remand Bankman-Fried to jail. Just before mentioning the revocation, the judge mentioned Bankman-Fried leveraging a VPN to watch televis... read More

Close Call: $20M Saved as Binance Boss Warns of Latest Crypto Scam

    On Aug. 2, Changpeng “CZ” Zhao said he wanted to “share this (luckily) unsuccessful, but very clever and close scam incident from yesterday. It saved $20 million, he said before adding, “hope it may also save you one day.” Scammers are becoming more sophisticated, and their latest weapon is the generation of addresses with the same starting and ending letters. This is what most people check when making a transfer, CZ said. I want to share this (luckily) unsuccessful, but very clever and close scam incident from yesterday . Saved $20m. Hope it may also save you one day. The scammers are so good now they generate addresses with the same starting and ending letters, which is what most people check… — CZ Binance (@cz_binance) August 2, 2023 Crypto Address Scam Highlighted He added that some wallets hide the middle part of the address to make the UI look better. This plays to the advantage of the scammer. The scammers use their newly generated address with the same starting and ending letters to send ‘dust’ to the victim’s wallet. Dust is the tiny fraction of a digital asset often left over in empty wallets. Users make wrongly select this scam wallet to make a legitimate transaction since it now shows in the history and has the same beginning and ending as the legitimate target wallet. “You might just copy the wrong one. This is what happened yesterday to a very experienced crypto operato... read More

Ripple (XRP) Boss Brad Garlinghouse Lambastes SEC for 'Creating This Mes...

    The Ripple boss has lambasted the federal regulator after its expressed intentions to appeal the recent ruling. Late last week, the SEC said the decision made by Judge Torres that XRP sold to retail traders was not a security needs a “review.” This has largely been viewed as intent to appeal the court ruling and drag the case on for even longer. On July 23, Garlinghouse said an important topic has come up about protecting retail, adding: “The SEC created this mess by proclaiming it was the cop on the crypto beat when it had no legal jurisdiction.” An important topic has come up about protecting retail. The SEC created this mess by proclaiming it was the cop on the crypto beat when it had no legal jurisdiction Where’s that gotten us? Consumers left holding the bag in bankruptcy court while the SEC holds press conferences. — Brad Garlinghouse (@bgarlinghouse) July 22, 2023 SEC Not Protecting Consumers The Ripple executive went on to say that consumers are “left holding the bag in bankruptcy court while the SEC holds press conferences.” Garlinghouse added that it was “absurd” to blame a Judge for faithfully applying the law. “We all know legislation – not more regulation by enforcement – is the only way forward to provide clear rules and protect retail.” The notion has been echoed by many industry experts and U.S. lawmakers who assert the SEC is regulating by enforcement beyond its jurisdiction... read More

Openai Boss Sam Altman Claims He's Not Involved in Worldcoin's Day-to-Da...

    After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised $115 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv University that he is not involved in the project's day-to-day operations.Sam Altman Says He's Not Close Enough to the Worldcoin Project to 'Meaningfully Comment on the Plans' Sam Altman holds an esteemed presence in the technology sphere and has performed various roles such as Y Combinator's president, Reddit's brief CEO tenure, and presently leading Openai, maker of AI-driven chatbot Chatgpt. In 2019, Altman teamed up with Max Novendstern and Alex Bania to establish Tools for Humanity (TFH), the creators behind Worldcoin's iris biometric cryptocurrency venture. Worldcoin envisions multiple objectives like constructing a vast identity and financial framework that supports universal basic income (UBI) principles. Supposedly based on Ethereum, the token project recently introduced its dual services—World ID and World App. While World ID claims to provide AI-resistant, iris-dependent identification procedures, the World App focuses on enhancing decentralized identification. TFH recently acquired $115 million through a Series C financing round headlined by Blockchain Capital. Other participants included Andreessen Horowitz’s A16z crypto branch, Bain Capital Crypto, and Dist... read More

Billionaire Investor Bill Ackman Insists JPMorgan Boss Jamie Dimon Shoul...

    Billionaire investor and Pershing Square Capital Management CEO, Bill Ackman, has asserted that JPMorgan Chase's chief executive, Jamie Dimon, should enter the 2024 United States presidential race. Ackman claims that the current president Joe Biden is “extremely weak and in cognitive decline,” and argues that Dimon could defeat both Biden and Trump in the general election should he pursue a political career.From Wall Street to White House: Bill Ackman’s Case for Jamie Dimon as President American financier Bill Ackman is known for his outspoken viewpoints, even if they defy convention. On Wednesday, Ackman delved into politics, discussing the forthcoming U.S. 2024 election and suggesting that JPMorgan's leader Jamie Dimon would make an excellent president. Ackman also pointed to an article indicating that Dimon has contemplated seeking public office upon leaving his position at the country's largest bank. “Jamie Dimon is one of the world's most respected business leaders. Politically he is a centrist,” Ackman tweeted. “He is pro-business and pro-free enterprise, but also supportive of well-designed social programs and rational tax policies that can help the less fortunate.” The billionaire investor added: [Dimon] is extremely smart, thoughtful, and pragmatic, and he knows how to bring opposing parties together. He is highly respected by the Right, the Left, and the Center. Concerning the United States presidency, Ackman argues that the... read More

JPMorgan Boss Warns 'Everyone Should Be Prepared' for Interest Rates 'Go...

    JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.” The billionaire banker also discussed the potential for commercial real estate to sour following concerns raised by Berkshire Hathaway's Charlie Munger about the sector. JPMorgan's Jamie Dimon Discusses Souring Commercial Real Estate Sector This week Jamie Dimon, the CEO and chairman of JPMorgan Chase, along with some of his colleagues, discussed the state of the U.S. economy during the bank's investor day event. According to JPMorgan, the economy is 'doing fine,' but a 'mild recession' is still expected. In line with Charlie Munger's warning to the Financial Times, Dimon expressed concern about commercial real estate, which could pose challenges for banks in the future. Dimon stated, “There’s always an off-sides — The off-sides in this case will probably be real estate. It’ll be certain locations, certain office properties, certain construction loans. It could be very isolated; it won’t be every bank.” A 'Very Normal' Credit Crunch The multinational investment bank further announced that it still expects to earn $84 billion in net interest revenue. The bank is also making a big bet on artificial intelligence (AI). According to Bloomb... read More

OpenAI Boss Sam Altman to Raise $100M for Worldcoin Crypto Project: FT

    Worldcoin is in advanced talks to raise fresh capital as it nears launch in the next few weeks, according to the Financial Times. The project aims to use iris-scanning technology to create a secure global cryptocurrency called Worldcoin. Previous investors in Worldcoin include Andreessen Horowitz’s crypto fund, FTX founder Sam Bankman-Fried, and internet entrepreneur Reid Hoffman. The firm was founded in 2019 and has been working on digital identification technology using retina-scanning orbs. Furthermore, a $100 million private token sale early last year valued the total supply of the Worldcoin tokens at $3 billion, the report added. Worldcoin Launch Imminent Earlier this year, Worldcoin claimed to have surpassed a million signups and between 100 and 200 Orbs operational at any given time. “It’s a bear market, a crypto winter. It’s remarkable for a project in this space to get this amount of investment,” said an FT source close to the project. According to the firm, the orbs use “iris biometrics to establish an individual’s unique personhood, then create a digital World ID that can be used pseudonymously in a wide variety of everyday applications without revealing the user’s identity.” gm Miami! The Orb world tour has officially landed in Florida. Stop into the grand opening of @thecanvasglobal's newest independent web3 & digital creator gallery in Wynwood starting @ 6pm EST to verify your World ID, learn more about the ... read More

FTX Boss Ryan Salame's Maryland Home Searched by FBI in Unexplained Raid

    According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S. Federal Bureau of Investigation (FBI) on Thursday. The grounds for the raid remain unknown, and neither Salame nor his legal representative have offered any statement concerning the situation.FBI Conducts Mysterious Search on Home of Former FTX Executive Ryan Salame On April 27, 2023, a report from the New York Times revealed that Ryan Salame, the former co-chief of FTX Digital Markets, had his $4 million house in Potomac, Maryland searched on Thursday morning. Salame, who was a key figure at FTX, informed regulators in the Bahamas that the company was misusing customer funds just days before its collapse, according to court documents. The raid was disclosed by two individuals with knowledge of the matter, as noted by reporters Matthew Goldstein and David Yaffe-Bellany of the Times. The reason for Thursday’s search remains unknown leaving the motive behind the search a matter of speculation. Ryan Salame, who donated more than $22 million to Republican campaigns during the 2022 U.S. election cycle, was a prominent political donor. Additionally, Salame played a part in FTX Ventures Ltd., a subsidiary of FTX, which invested $25 million in 80 Acres Farms, an Ohio-based vertical farming company. While it's unclear what the investment's objective was, Salame was involved in the process. According to The Times' report, Salame's legal representa... read More

Former FTX Boss Ryan Salame's House Raided by the FBI (Report)

    The US Federal Bureau of Investigation (FBI) reportedly searched the home of Ryan Salame - the former CEO of FTX's Bahamian subsidiary. The raid comes several months after the gigantic collapse of the once-prominent crypto giant. Numerous agencies, prosecutors, and failed investors have claimed the exchange committed fraud against its customers, calling upon severe punishment upon its leaders. Sam Bankman-Fried (SBF) - the former CEO of FTX - spent a brief time in a Bahamian jail before being extradited to the US. He currently lives at his parents' house in California, awaiting a trial at the beginning of October. According to a coverage by The New York Times, the FBI raided Salame's house in Potomac, Maryland, on April 27. However, the reason behind the operation remains unknown. Salame joined the fallen crypto behemoth in 2021 to serve as the CEO of FTX Digital Marketing (the Bahamas-based affiliate of the exchange). The 30-year-old emerged as a central player in the scandal last year after he told the regulators of the island nation that FTX might have misappropriated billions of dollars in clients' funds and transferred them to Alameda Research. Salame also made the headlines by donating over $23 million to Republican candidates and political action committees. For his part, SBF supposedly pumped around $40 million in political donations in the 2022 election cycle, mostly to Democrats. The former leader of FTX faces severe charges, including committing wire fraud, conspi... read More

Rep. Davidson Declares War on SEC Boss Gary Gensler Over 'Long Series of...

    Securities and Exchange Commission (SEC) Chair Gary Gensler's crusade against the crypto-asset industry has prompted political pushback. United States Representative Warren Davidson is the latest to retaliate. The Ohio Representative said he is introducing legislation to remove Gensler as the SEC boss in a bid to 'correct a long series of abuses.' SEC's 'Unconstitutional Overreach' The announcement comes after the SEC said that it would 'modernize' the proposed redefinition of an 'exchange' under the agency's rules which could also encompass crypto market participants in decentralized finance (DeFi). The SEC Chair stated that rule amendments could be advantageous to both investors as well as the markets since it would entail bringing certain brokers under the purview of additional regulatory scrutiny. The focus will be on 'modernizing' the concept of an 'exchange,' which would be more closely referred to as a system that 'brings together buyers and sellers of securities that offer the use of non-firm trading interest and provide another type of non-discretionary method.' As such, the proposed amendments would require these systems to register as national securities exchanges or as broker-dealers and comply with Alternative Trading System (ATS) regulations. The SEC further added the commission's current rules also cover DeFi. Opposition Gensler's proposal and the subsequent announcement targeting DeFi are in the crosshairs of many crypto advocates who have raised concerns abou... read More

Former FTX Boss Sam Bankman-Fried Using Privacy Messaging App Signal

    Federal prosecutors of the Southern District of New York overseeing the current case against Sam Bankman-Fried, the disgraced founder and former CEO of FTX, want the court to impose tighter bail conditions on the defendant. SBF Using Signal Based on their investigations, they discovered that Sam Bankman-Fried, also known as SBF, had messaged the general counsel of FTX US via Signal.  Signal is a messaging app similar to WhatsApp. The platform offers instant messaging across platforms, allowing people to communicate privately. Signal creators’ primary focus is on security and privacy. The application is run as a non-profit managed by a foundation. Over 40 million people use it, and per court filings, SBF is one of them. Investigators said messages sent to the general counsel of FTX US, an individual who can be a potential witness in the ongoing criminal case against SBF, were “suggestive of an effort to influence a witness’ potential testimony.'  On January 15, SBF, prosecutors say, messaged the general counsel asking if they could “reconnect” and “if there’s a way for (for them) to have a constructive relationship, use each other as resources.' Investigators claim these messages are concerning because, considering the nature of the current investigation, the general counsel might have access to information that might help indict the defendant.  For his action, federal prosecutors are asking the overseeing jud... read More

Caroline Ellison's Testimony Claims FTX Boss SBF Directed Her to Co-Ming...

    On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). The ex-Alameda CEO’s testimony details that she was fully aware from 2019 to 2022, that Alameda Research had access to a special borrowing facility that allowed the company to maintain an unlimited line of credit with zero collateral. The 'borrowing facility,' according to Ellison, was FTX's customer funds. Caroline Ellison Details FTX's Misconduct With Alameda and the Co-Mingling of Customer Funds Started From the Very Beginning Following the unsealing of Caroline Ellison’s plea deal, Inner City Press reporter Matthew Russell Lee published a tweet storm that featured screenshots of Ellison’s unsealed guilty plea transcript. Russell Lee said that the plea arraignment was “held in secret, and not docketed until today, once Bankman-Fried was freed on $250 [million] bond.” If Ellison’s testimony is true, the document highlights a number of infractions both FTX and Alameda executives partook in since 2019. “From 2019 to 2022, I was aware that Alameda was provided access to a borrowing facility on, the cryptocurrency exchange run by Mr. Bankman-Fried. I understood that executives had impl... read More

Court Documents Say FTX Boss Ryan Salame Snitched on SBF 2 Days Before t...

    According to court documents associated with the FTX bankruptcy proceedings, on Nov. 9 — two days before the company filed for Chapter 11 bankruptcy protection — FTX co-CEO Ryan Salame told Bahamian authorities that Sam Bankman-Fried (SBF) sent customer funds to the firm Alameda Research. A letter written by Salame sent to the Bahamian commissioner of police detailed the “possible mishandling of clients’ assets” by SBF.Court Documents Indicate FTX Co-CEO Ryan Salame Allegedly Turned on Bankman-Fried A written account from FTX co-CEO Ryan Salame details that the former FTX executive may have disclosed Sam Bankman-Fried’s (SBF) alleged fraudulent acts two days before the crypto company filed for bankruptcy protection. Ostensibly, Salame contacted law enforcement officials in The Bahamas and explained that SBF sent illicit transfers to Alameda. The letter is dated Nov. 9, and Salame explained that the customer funds were used to pay down Alameda’s “financial losses.” The court documents detail that the letter from Salame first went to the Securities Commission of the Bahamas and then it was distributed to the Bahamian commissioner of police. The letter was purportedly received by the executive director of the Bahamas securities commission Christina Rolle. Salame allegedly explained that the high-up FTX execs — SBF, Gary Wang, and Nishad Singh, were the only three individuals that had full access to transfer such funds t... read More

FTX's Odd Relationship With Vertical Farming Firms — A Look at Exc...

    After discovering that ten holding firms associated with FTX Digital and Alameda Research invested roughly $5.4 billion into nearly 500 firms and projects, people have been curious about a few specific investments. One specific investment made by FTX Ventures Ltd. was for $25 million into the Ohio-based firm 80 Acres, a company that specializes in vertical farming. It seems that 80 Acres Farms was partnered with a Bahamian hydroponic producer called Eeden Farms, and Ryan Salame, the co-chief executive officer of FTX Digital Markets, toured 80 Acres farm in Ohio with the Bahamian prime minister Philip Davis.A Look at the Ties Between FTX Ventures, FTX Co-Chief Executive Officer Ryan Salame, and 2 Specific Vertical Farm Companies The Financial Times (FT) recently published documents that show FTX Digital’s and Alameda Research’s portfolio of investments, which adds up to a whopping $5.4 billion. Among the hundreds of investments, FTX and Alameda invested in companies that were not related to the crypto and the blockchain industry. One of those investments was 80 Acres Farms, a vertical farming company that provides produce to grocery stores like The Fresh Market, Kroger, and Whole Foods. The two co-founders of 80 Acres were recently featured in a BBC 'Follow the Food' segment. Now people might wonder why a cryptocurrency firm, and more specifically FTX Ventures Ltd., invested in a company that grows produce using hydroponics in vertically stacked layers. It&rs... read More

Former FTX Boss Speaks at Dealbook Event, Says He 'Didn't Knowingly Co-M...

    On Nov. 30, 2022, the former FTX CEO Sam Bankman-Fried (SBF) discussed FTX’s collapse at the New York Times’ Dealbook Summit with Andrew Ross Sorkin in his first live-appearance interview since the crypto exchange’s downfall. SBF told the Dealbook Summit host that he was “deeply sorry about what happened” and further stressed that he “didn’t knowingly co-mingle funds.”NYT Dealbook Summit Host Andrew Ross Sorkin Questions Sam Bankman-Fried, Former FTX CEO to Appear on Good Morning America FTX co-founder and former CEO Sam Bankman-Fried (SBF) sat down for a long interview with Andrew Ross Sorkin, the host of the New York Times’ (NYT) Dealbook Summit. SBF’s Dealbook appearance followed the SBF interview published the day prior with crypto supporter and reporter, Tiffany Fong. Appearing virtually at the NYT conference, SBF was asked whether or not he was worried about criminal charges being brought against him. “There’s a time and a place for me to think about myself and my own future,” SBF told the NYT Dealbook event host. “I don’t think this is it.” The former FTX CEO explained that he was still located in the Bahamas and that coming back to the U.S. has crossed his mind. “I’ve thought about coming to the U.S.,” the former FTX executive said. I can't even begin to explain the vibes of this SBF interview at DealBook — nilay patel... read More

Xbox Boss Phil Spencer Calls Today's Metaverse a 'Poorly Built Video Gam...

    Phil Spencer, CEO of gaming at Microsoft and head of Xbox, directed some criticism at the idea of the metaverse and how it is being executed. Spencer remarked that for him, the current metaverse is a 'poorly built video game,' but also that the sector was still in its early stages and will surely evolve. Phil Spencer Blasts Today's Metaverse While the still unclear concept of 'the metaverse' has been harnessed by several companies that want to leverage the advantage of being pioneers in an industry, other important personalities have criticized the current sector. Phil Spencer, head of Xbox at Microsoft, blasted today's metaverse technology during the WSJ Live Convention, noting that it was still unpolished. About today's metaverse, Spencer stated: It's a poorly built video game. Many interpreted this statement as an indirect jab at Meta, which has been criticized before due to the poor graphics its flagship metaverse app Horizon Worlds presented compared to modern video games. Spencer elaborated later on his remarks, explaining that 'video game creators have an amazing ability to build compelling worlds that we want to go spend time in; building a metaverse that's like a living room is not how I want to spend my time.' However, Spencer does not count out the concept of the metaverse just yet. To the executive, it is still the early days of the industry, and he believes that the metaverse will evolve to become like current video games. Spencer's Previous Metaverse Criticism ... read More

No 'Security' Token Delisting Plans for New Kraken Boss

    The firm's former chief operating officer, Dave Ripley, will assume the role of CEO after it hires a new COO. The news follows the shock announcement last week that Kraken founder Jesse Powell will be stepping down after more than a decade at the helm. Ripley also stated that the exchange has no intentions of delisting any tokens that the SEC has unofficially deemed as securities, according to Reuters. Its decision not to play ball with the US regulator keeps the company on track with its libertarian ideals. Ripley will take over at a turbulent time as crypto markets have plunged almost 70% since their all-time highs, and US regulators are tightening the screws. They Are Not Securities He added that the long list of coins listed on Kraken is not securities, despite what SEC Chair Gary Gensler claims. The exchange offers 203 coins and tokens and 634 pairs, according to CoinGecko. They would only consider registration if another token appears 'that becomes interesting and also happens to simultaneously be a security,' according to Ripley. A security is defined as an 'investment contract' akin to a stock or shares, whereas crypto assets behave more like commodities. The SEC is currently investigating leading exchange Coinbase for similar issues regarding the listing of securities. He said there were not 'any tokens out there that are securities that we're interested in listing' before confirming that the firm is looking into opportunities in the mergers and acquisitions sector. ... read More

Notorious Turkish Crypto Boss Arrested in Albania

    The Albanian authorities arrested Faruk Fatih Ozer - the CEO of the Turkish cryptocurrency exchange Thodex - in the city of Elbasan. Last year, the platform ceased trading and withdrawals, while the 28-year-old executive was rumored to have left Turkey with $2 billion in users' funds. Despite not managing to detect Ozer's whereabouts, Turkish law enforcement agents jailed six other individuals connected to the fraud. Two of those were the brother and the sister of the CEO. Justice at Last Faruk Ozer and his troubled crypto exchange Thodex made the headlines last year. The halting of all trading services and the consecutive shutdown of the website caused significant losses for thousands of Turkish investors. The case prompted local authorities to organize an investigation and detain all individuals responsible for the collapse. Over the course of their operation, they arrested 62 people related to the scam, while later, they sent six of them to prison. Interestingly, two of the criminals were Faruk Ozer's brother and sister. However, the head of Thodex managed to escape the long arm of the law. Multiple reports indicated that he left his homeland with $2 billion in users' funds. On August 30th, Ozer was arrested in the Albanian city of Elbasan. Prosecutor Kreshnik Ajazi said he will be held in custody until he faces a court hearing in the coming days. Shortly after, the Albanian and the Turkish authorities will cooperate on his extradition. It remains unknown what punishment O... read More

Xbox Boss Phil Spencer Skeptical About Metaverse, Criticizes Play-to-Ear...

    Phil Spencer, head of the Xbox brand, believes that the metaverse has been with us since 30 years ago, when digital gaming was largely introduced. However, Spencer criticized play-to-earn (P2E) models, stating that they create a workforce out of a kind of gamer who needs to monetize the time spent playing. Xbox Boss Phil Spencer Believes the Metaverse Has Been Here for Some Time The metaverse and its current conceptions have been the subject of debate and criticism. The current head of the Xbox brand and CEO of gaming at Microsoft, Phil Spencer, offered his skeptical take on how the metaverse, an alternate world, is currently being presented. In an interview with Bloomberg, Spencer stated that the metaverse is nothing new and that it is related to what gamers have already been doing for some time. He explained: My view on metaverse is that gamers have been in the metaverse for 30 years. When you're playing games, these 3D shared worlds that people have been playing in for years and years, I think what we've found is that there's more connection because we have a shared purpose. Furthermore, Spencer clarified that gamers might be confused with the concept of the metaverse because having an avatar in a game and being part of a virtual world where voice communication is available can be considered inhabiting it. While Spencer personally might be skeptical about the metaverse, Microsoft and the Xbox brand have used the term regularly at different times. In January, when announcin... read More

JPMorgan Boss Jamie Dimon Warns 'Something Worse' Than a Recession Could...

    JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of 'something worse' than a recession. 'There are storm clouds,' the executive said, citing interest rates, QT, oil, Ukraine, war, and China.JPMorgan Chief Jamie Dimon's Economic Forecasts JPMorgan's chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions about where the U.S. economy is headed during a client call last week, Yahoo Finance reported Saturday. While noting that the U.S. economy is strong, with consumers' balance sheets and businesses in good shape, the executive emphasized that 'you have to think differently' when forecasting. The JPMorgan chief described: 'What is out there? There are storm clouds. Rates, QT, oil, Ukraine, war, China.' Dimon shared: 'If I had to put odds: soft landing 10%. Harder landing, mild recession, 20%, 30%.' He added: Harder recession, 20%, 30%. And maybe something worse at 20% to 30%. 'It is a bad mistake to say 'here is my single point forecast,'' he clarified. His predictions echoed what he said in June when he warned that an economic hurricane is 'coming our way.' He advised investors to brace themselves. While Dimon sees a possibility of something worse than a recession, he stressed during a recent visit to JPMorgan Chase's Olneyville bank branch: 'Whatever the future brings, JPMorgan is prepared.' Various analysts have predicted that the U.S. economy could be in a recession this year. Bank of America's head of ... read More

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