One of the weird little elements to the Sam Bankman-Fried debacle —and there are so many, and we journalists are quite grateful for them — has been the determined way the media has tried to make his political donations appear bi-partisan. “The FTX scandal is prompting lawmakers from both parties,” wrote Politico, “to symbolically give up campaign contributions from the crypto exchange’s top executives, underscoring the firm’s political toxicity in the aftermath of its collapse.” “[Sam] Bankman-Fried, 30, and his younger brother Gabriel donated lavishly to members of both political parties,” the New York Post noted. In fact, SBF was the seventh largest donor of the entire 2022 cycle, according…
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With $8.7 trillion in its piggy bank, BlackRock's "dabble" could be everyone else's "jump in head first" (Photo: Twitter)‘We’ve started to dabble in’ Bitcoin: BlackRock’s Rick Rieder
The chief investment officer at the world’s largest asset manager said Bitcoin is appreciating in reaction to investors looking to protect themselves from inflation
Speaking of Bitcoin in an interview Feb. 17, he said that "the volatility of it is extraordinary, but listen, people are looking for storehouses of value... My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up.”
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$8.7T BlackRock jumps into bitcoin as JPMorgan analysts say beware
BlackRock, the world’s largest asset manager, opened up to using bitcoin futures as a hedge a day before JPMorgan analysts called BTC ‘the least reliable hedge’
BlackRock revealed in Jan. 20 filings with the U.S. Securities and Exchange Commission (SEC) that its BlackRock Funds V and BlackRock Global Allocation Fund have added bitcoin futures to their eligible investments, both for speculation and hedging.
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Markets Report: Bitcoin heads to $30,000 but exchange supply anything but bearish
A new round of price losses contrasts with a record withdrawal rate from exchanges this week
Bitcoin saw a fresh sell-off on January 21 as a surprise bearish phase swept the market despite huge institutional buy-ins. Travis Kling, founder of crypto hedge fund Ikigai, argued that the forthcoming entry of multitrillion-dollar asset manager BlackRock into the Bitcoin arena was a far more important price trigger.
