Spirits on display in a UK bar in Cardiff, United Kingdom. Matthew Horwood | Getty Images News | Getty Images Saudi Arabia has opened its first alcohol store in the diplomatic quarter of its capital Riyadh, two sources told CNBC. The news, which has not been officially confirmed by the Saudi government, marks a major … Read more
Start your engines. From Formula One races to the Summer Olympic Games, traveling to attend major sporting events is on the rise. Sports tourism, as it’s called, is one of the fastest-growing sectors in the travel industry, according to the United Nations World Tourism Organization. The market is massive, and only stands to grow, … Read more
Sam Bankman-Fried is guilty on all seven federal charges in his criminal trial for defrauding customers of his crypto exchange out of billions of dollars with his crypto empire, jurors decided on Thursday night in a Southern District of New York court, Reuters reports. Jurors reached a verdict at 7:40 p.m., according to CoinDesk, that … Read more
Photo: Michael M. Santiago (Getty Images) Gary Wang, cofounder and chief technology officer for FTX, focused on a single piece of code during his testimony: “allow_negative.” SBF did not code at FTX, so Wang was responsible for orchestrating all of the technical changes at the company. The code “allow_negative” allowed for Alameda Research’s balances to … Read more
Photo: Bloomberg (Getty Images) Sam Bankman Fried allegedly entertained a plan to raise capital from Saudi Crown Prince Mohammed bin Salman, according to former Alameda CEO Caroline Ellison in her testimony on Wednesday. Will More Celebs Continue to Join Crypto? | Gizmodo Interview It’s one of many bombshells dropped by Ellison on the second day … Read more
Saudi Arabian Crown Prince Mohammed bin Salman attends the G20 Leaders’ Summit via videoconference in Riyadh, Saudi Arabia on October 30, 2021. Royal Court of Saudi Arabia | Anadolu Agency | Getty Images Saudi Crown Prince Mohammed bin Salman lit up social media with his blunt response to accusations that his government is “sportswashing,” or … Read more