CoinDesk Podcast Network

Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022; Will Bitcoin Hit $1M by 2030?

The most valuable crypto stories for Wednesday, Feb. 1, 2023.

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ABOUT

Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. This comes as a New York judge has prohibited former FTX CEO Sam Bankman-Fried from attempting to contact any former or current employees of Alameda Research or FTX. Plus, ARK Invest is out with its 2023 "Big Ideas" research report and predicts bitcoin (BTC) will still close the decade at $1 million because its fundamentals are sound, despite a turbulent 2022.

See also: ​​

Why Venture Capitalists Won’t Be Held Accountable for Investing in FTX

Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022

Judge Bans Sam Bankman-Fried From Contacting FTX Employees and Using Signal

ARK Invest Maintains Prediction Bitcoin Price Will Hit $1M by 2030


This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

HOSTS

William Foxley

Will Foxley is the host of The Mining Pod and publisher at Blockspace Media. A former co-host of CoinDesk's The Hash, Will was the director of content at Compass Mining and a tech reporter at CoinDesk.

William Foxley
Zack Seward

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.

Zack Seward
Jennifer Sanasie

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.

Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.

She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under $1,000.

Jennifer Sanasie
Wendy O

Wendy O runs the largest and most-watched female-run crypto YouTube program globally, "The O Show," which focuses on bringing tech-heavy information to the masses in a clear and easy-to-understand format. Prior to going full-time crypto at the end of 2018, Wendy worked at the largest infectious disease company in the world. Her role there consisted of working with newly diagnosed and existing patients to coordinate their care. Working with 300+ patients per month gave Wendy the ability to effectively communicate complex information to people from all different cultures and backgrounds which she uses while creating content. Wendy was born and raised in Los Angeles County, California and takes pride in hosting free events for her community and making sure the unrepresented have access to free crypto education. She holds BTC, ETH, GALA along with other cryptocurrencies along with NFTs above CoinDesk's disclosure threshold of $1,000.

Wendy O