Tag Archives: Sam Bankman-Fried

19Oct/26

How Billionaires Turn Philanthropy Into Power

October 19, 2026EconomyAD ASTRA, Andrew Carnegie, Benjamin Franklin, Bill Gates, Brian Armstrong, Brian ArmstrongThis, Businesspeople, Coinbase, Economy of the United States, Elon Musk, Elon MuskWhether, Finance, Florence, Giorgio Vasari, Gwynne Shotwell, Henry Ford, Hyperloop, John D. Rockefeller, Katie Miller, Leonardo da Vinci, MacKenzie Scott, Max Levchin, Mykhailo Fedorov, Netflix, Palo Alto, PAYPAL, Philanthropy, Renaissance capital, Rob Reich, Robert F. Smith, Sam Bankman-Fried, SpaceX, Starlink, Steve Jobs, Steve JobsWhen, The Boring Company, the ford foundation, Ukraine, Vivek Ramaswamy, Walter Isaacson, Warren Buffett, White South African peopleadmin

Technocratic Capital vs. Traditional Charity: The Billionaire Battle Over Philanthropy

Mon Oct. 19, 2026 /Mpelembe Media/ — Prominent Silicon Valley leaders, most notably Elon Musk and Coinbase CEO Brian Armstrong, have spearheaded a systematic ideological shift away from traditional billionaire philanthropy. Armstrong and Musk argue that conventional non-profit grantmaking and large private foundations are inefficient, prone to administrative bloat, and routinely “captured by ideology,” rendering many charitable endeavors a net negative for society. Rooted in capitalist techno-determinism and Effective Accelerationism (e/acc), this perspective holds that civilizational advancement is best achieved not through non-profit redistribution, but by aggressively deploying private capital into high-risk, engineering-driven for-profit enterprises—such as electric vehicles, space exploration, and digital infrastructure. Consequently, leaders subscribing to this philosophy prioritize market innovation and founder-controlled capital allocation over legacy grantmaking models exemplified by Bill Gates or Warren Buffett. Continue reading →

26Oct/25

Binance and GFI Launch Crypto Regulation Course

October 26, 2025FinanceBinance, Changpeng Zhao, Corporate crime, Cryptocurrency exchanges, FTX, Sam Bankman-Friedadmin

This curriculum is designed for compliance and regulatory professionals, offering insights into the rapidly changing digital asset landscape, including topics such as money laundering risks, investor protection, and real-world case studies like the FTX collapse. The collaboration strengthens an existing strategic alliance between Binance and GFI, which previously involved Binance sponsoring over 500 scholarships for a foundation programme in crypto regulation and compliance. Continue reading

01Dec/22

FTX collapse crushes crypto dreams in Africa and beyond

December 1, 2022FinanceAlfred Lee, Bahamas, Bangkok, Binance, Bitcoin, Cryptocurrencies, Cryptography, Economy, Edward Choy, Elisha Owusu Akyaw, Ghana, Japan, Kenya, Lagos, monetary authority of singapore, Money, Morocco, Nigeria, Osarieme Aghedo, Sam Bankman-Fried, Singapore, South Africa, South Korea, Stablecoin, Thomson Reuters Foundation, TikTok, United Statesadmin

FTX’s bankruptcy hurts small investors across the world
Young African crypto backers fret about damage to sector
Regulators repeat warnings about risks of crypto dealing

LAGOS/BANGKOK – Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” – his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX.
Continue reading →