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Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He bought the Miss Universe brand of beauty pageants in 1996, and sold it in 2015. He produced and hosted The Apprentice, a reality television series, from 2003 to 2015. As of 2020, Forbes estimated his net worth to be $2.1 billion.[
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FTX contagion will be ugly within crypto, but probably less damaging to the wider world

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theconversation.com

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines.

Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion).

This has coincided with a major downturn in global markets due to interest rates going up, but falling prices also reflect a series of collapses and bankruptcies within the industry.

These include the Terra Luna blockchain, lender Celsius, the Voyager exchange/brokerage, hedge fund 3AC, and now also FTX/Alameda, which has just filed for bankruptcy. Crypto assets total value The collapse of FTX, the world’s second largest crypto exchange, concerns a liquidity crisis.

Read more on theconversation.com
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