2023-10-02

๐Ÿ๏ธ FTX's Secret Island Survival Blueprint!

Howdy friends,Oooh...$28k Bitcoin...Nice!

Ok, let's take a sip of coffee and get down to it!

  • ๐Ÿ’ฉ Sam's Trump Offer

  • ๐ŸŽ๏ธ Vroom with Ripple & SHIB

  • ๐Ÿ๏ธ Survival on Nauru?

๐ŸŽฒ FTX's Billion Dollar Gamble

It's one thing to try buying a car or a house, but how about buying a break from politics?

FTX founder Sam "SBF" Bankman-Fried explored the idea of paying Donald Trump a whopping $5 billion, urging him to back away from a presidential run....and who's money did he plan on paying him with??? ๐Ÿ™ŠIt's a shocking revelation from Michael Lewis's latest book, "Going Infinite: The Rise and Fall of a New Tycoon."Lewis mentioned, โ€œSamโ€™s thinking that we could pay Donald Trump not to run for president...like how much would it take?โ€Was Trump's price tag really $5 billion? (or was that an overestimate too? ๐Ÿคฃ)We're left guessing, as SBF couldn't clarify if this number hailed directly from Trump himself.Obviously, this grand political gamble never took off.Trump and SBF...and I thought I was bad with money!๐ŸคฆAfter FTX's collapse in November 2022, those billions were nowhere to be found. Lewis described the aftermath as reminiscent of Pompeii - a world suddenly halted.

Jobs of the Week!

Risk Governance ManagerRobinhoodRemote$110,000 - $129,000 a year

Based preferably in Menlo Park, CA or New York, NY, this role focuses on enhancing the company's risk management governance program. Responsibilities include risk identification, assessment, monitoring, reporting, and working closely with various business units. Ideal candidates should have 6-8 years of broker-dealer experience, a master's degree or relevant certification, and a deep understanding of risk management in brokerage and crypto.

ControllerCoinDeskNew York$200,000 - $214,000 a year

The role involves managing billing, payables, financial statements, contract diligence, and liaising with auditors. The ideal candidate will standardize processes, ensure GAAP adherence, engage in M&A and funding due diligence, and support internal control initiatives. Requirements include a Bachelor's in Accounting, CPA certification, 10 years of accounting experience, and expertise in M&A and funding rounds. Media or Events industry experience and knowledge of specific platforms like Sage Intacct, Coinbase, and Stripe are preferred.

Senior Accountant, Financial ReportingPaxosRemote$94,350โ€”$130,000Serving giants like PayPal and Nubank, Paxos are seeking a Senior Accountant to enhance financial reporting. Responsibilities include preparing U.S GAAP and other financial statements, analyzing financial data for accuracy, liaising with external auditors, and continuously improving accounting operations. The ideal candidate will have 3+ years in public accounting, expertise in U.S. GAAP, and familiarity with Netsuite ERP.

๐ŸŽ๏ธ Honda Races Ahead with Crypto Payments

Your next car might cost just a chunk of crypto!

Automobile behemoth Honda seems to be turning a new leaf, embracing cryptocurrency for its transactions.You heard that right; you can now snag that dream Honda using Ripple (XRP) or even meme-inspired Shiba Inu (SHIB), among others.

The Tokyo titan teamed up with FCF Pay, making a foray into the future by allowing purchases in digital assets over traditional cash.Is this the start of the revolution? ๐Ÿค”Whether you're a Bitcoin enthusiast, an Ether expert, or a full member of the XRP army, Honda's got you covered.And for those who love a good meme, they've thrown in some zesty options like Pepe Coin and Doge Killer into the mix!(and you thought memecoins were seen as worthless junk.... well... spoiler alert; they probably still are!) ๐Ÿ—‘๏ธ

This move mirrors a broader trend in the crypto world, as memecoins once considered a joke like Dogecoin now hold a commendable market cap of over $8.6 billion.And Honda's not alone; Texas's Chariot Energy has also started accepting SHIB for solar panel bills. Vroom vroom to a crypto future!

๐Ÿ’€ FTX's Catastrophic Island Escape Plan Unveiled

Turbulent waters continue for the embattled FTX Trading Ltd., as new revelations hint at what seems like the plot of a blockbuster movie.  

The latest lawsuit against the crypto giant and its co-founder, Sam Bankman-Fried, alleges not just financial misdeeds but also an audacious island escape plan!Did SBF actually think he was a James Bond villain? ๐Ÿฆน

FTX Trading, grappling with allegations of enormous fraud, is aggressively attempting to recover millions while shining a light on over $1 billion in sketchy transactions.One shocking revelation? A daring plan hatched by FTX Foundation, the company's nonprofit wing, to buy the island nation of Nauru.The goal? Constructing a bunker to ensure the survival of the "effective altruism" community, a philosophy dear to Bankman-Fried, should global catastrophe strike.SBF and Ellison left to repopulate the planet after a global extinction...Frankly, I'd rather not be around for that! ๐Ÿคฎ

But it wasnโ€™t just about survival. The memo cheekily adds that owning a country might have its other advantages.

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