Cryptocurrency Giant, FTX, in Financial Ruin Following Bankruptcy | EWTN News Nightly
- Preacher
- Mother Angelica
- Tradition
- Roman Catholic
- Published
- Length
- 6:30
About this sermon
Topping the headlines this week is the bankruptcy and financial collapse of cryptocurrency giant, FTX. Company CEO Sam Bankman-Fried used billions of the company's cryptocurrency assets as collateral in loans. As this came to light, investors rushed to sell their FTX holdings. Bankman-Fried was also a top donor to Democrat candidates and causes, second only to George Soros. Meanwhile, the first ever Catholic Crypto Conference met this week in Valley Forge, Pennsylvania. Conference Host and Founder of the Genesis Group, Matthew Pinto, joins to share what the blockchain and cryptocurrency are and what the uses for it are. Pinto explains what happened with FTX and how this could have been avoided. Even with the FTX scandal, Pinto says it's important for Catholics to know a thing or 2 about these new technologies. He tells us why we should stay on top of this. Pinto fills us in on what promise cryptocurrency or blockchain might have to offer Catholics or Catholic institutions and what will happen if we just ignore them and keep to the usual way of doing things. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf
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