The Hold on the Trillion-Dollar Crypto Trade Leaves It Vulnerable

Throughout the cascading cryptocurrency collapses and bankruptcies this summer, one name rose to the top: Sam Bankman-Fried, also known as SBF. The Bahamas-based American billionaire entrepreneur heads FTX, the world’s second-largest cryptocurrency exchange. This year, he’s become a primary protagonist in the folding of crypto platforms and hedge funds like Celsius Network, Voyager and Three Arrows Capital, deploying a proverbial $1 billion parachute to scoop up failing firms, prop up those facing insolvency and flirt with acquisitions worth hundreds of millions. He’s also become a primary player in American domestic politics, revealing he’s willing to spend up to $1 billion […]

Thailand takes the dangerous path of denying harm reducing alternatives

In a move that sent waves across South and Southeast Asia last week, Thailand’s Public Health Minister and Deputy Prime Minister Anutin Charnvirakul iterated that the importation and production ban on vaping products will continue, depriving Thai smokers of provable alternatives to quit. Harm-reducing alternatives to combustible cigarettes, including vaping devices, heated tobacco, and oral pouches, provide nicotine in a less harmful fashion, according to most major health bodies, but the minister was insistent that the rising use of these products by young people was enough to warrant their continued ban. While nicotine alternatives remained banned, the minister has been […]