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Hollywood is planning a Sam Bankman-Fried movie based on Going Infinite

Apple Studios and A24 are reportedly planning to adapt Michael Lewis’ book on the rise and fall of the former FTX CEO into a feature film.

Sam “SBF” Bankman-Fried may still be looking at 25 years in prison, but production companies are reportedly developing a film based on the former FTX CEO’s rise and fall from grace.

According to a Nov. 12 Variety report, Apple Studios and A24 are co-developing and co-producing a feature film about Bankman-Fried based on Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon. Lewis released the book in October 2023, on the day the former CEO’s criminal trial began in New York.  

Some critics of Lewis’ book claimed that the Big Short author downplayed the impact of Bankman-Fried’s actions on millions of investors, who were locked out of their accounts and could not access a combined billions of dollars. A portion of the book focused on SBF’s effective altruism and how it may have influenced events leading to his misuse of customer funds.

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Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch

FTX filed for bankruptcy 2 years ago — What’s happening now?

The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end.

On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins over to John Ray, who immediately filed for Chapter 11 bankruptcy protection in the United States. The day marked the beginning of the end of what was once one of the world’s most prominent and influential cryptocurrency exchanges. 

US authorities charged Bankman-Fried and four of his associates with fraud. FTX users and creditors saw billions of dollars worth of funds locked out of their reach in an exchange they weren’t sure would ever be able to repay them. Ray reported that the firm represented an “utter failure of corporate controls at every level of an organization,” later comparing its operations to a “dumpster fire.”

In addition to FTX’s impact on millions of users and its employees, many lawmakers and business leaders often seemed to use the exchange as a punchline when discussing crypto, having it represent one of the most egregious examples of illicit practices. The company declared bankruptcy amid a crypto market downturn that turned a lot of public opinion away from the industry as token prices crashed and many firms filed for Chapter 11. 

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Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch

Putin proposes BRICS digital asset platform to reshape investment in South Asia, Africa, and Latin America

Putin's proposed BRICS digital asset platform aims to boost investment in South Asia, Africa, and Latin America, enhancing market growth.

The post Putin proposes BRICS digital asset platform to reshape investment in South Asia, Africa, and Latin America appeared first on Crypto Briefing.

Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch

UK-based pension scheme makes 3% Bitcoin allocation

Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.

United Kingdom-based pension specialist Cartwright reported that an “unnamed scheme” had made a 3% allocation of Bitcoin into its pension fund.

According to a Nov. 4 notice, Cartwright reported that “after a rigorous training and due diligence process,” a UK pension scheme had chosen to make the Bitcoin (BTC) allocation, citing its “long investment time horizon.”

The firm’s head of investment implementation, Steve Robinson, said the crypto investment would help “reduce reliance on employer contribution.”

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Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch

Michigan pension fund maintains Bitcoin ETF investment, adds Ether ETFs

The value of the ARK 21Shares Bitcoin ETF shares held by the state’s pension fund increased by roughly $1 million since being reported.

The State of Michigan Retirement System has added exposure to Ether exchange-traded funds (ETFs), according to a United States Securities and Exchange Commission (SEC) filing. 

In a Nov. 4 SEC filing, Michigan’s state pension fund disclosed holding 460,000 shares of the Grayscale Ethereum Trust and 460,000 shares of the asset manager’s Ethereum Mini Trust. The investment, reporting for Sept. 30, added to the fund’s previously disclosed exposure to the ARK 21Shares Bitcoin ETF.

At the time of publication, the total value of the Bitcoin (BTC) and Ether (ETH) investments was roughly $18 million if Michigan maintained its holdings. The value of the 110,000 shares of the ARK 21Shares Bitcoin ETF held by the pension fund increased by roughly $1 million since being reported on June 30.

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Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch

Justin Sun, Andre Cronje claim Binance charges zero listing fees while Coinbase demands millions

The disparity in listing fees between exchanges could influence project accessibility and shape the competitive landscape in the crypto market.

The post Justin Sun, Andre Cronje claim Binance charges zero listing fees while Coinbase demands millions appeared first on Crypto Briefing.

Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch

Trump’s crypto project cuts WLFI token sale target from $300M to $30M amid low demand

Trump's crypto project cuts WLFI token sale target from $300M to $30M amid low demand, signaling challenges for World Liberty Financial.

The post Trump’s crypto project cuts WLFI token sale target from $300M to $30M amid low demand appeared first on Crypto Briefing.

Robert Kiyosaki Reveals Plan to Stop Buying Bitcoin — Here’s the BTC Price to Watch