Beautiful Virgin Islands

Wednesday, May 20, 2026

What happened at FTX is straight-forward.

FTX lent US$10bn of client funds to their trading arm Alameda, which used it for leveraged crypto speculation. Alameda blew up in crypto meltdown & can't repay. People got whiff of this & tried to pull US$5bn from FTX. FTX didn't have it.

A year ago Bitcoin hit $69,000.

One of the main reason for the spectacular rally was all the leverage that funded unprecedented #crypto advertising and speculative buying.

The FTX bankruptcy proves the entire rally was a fraud.

Google refuses UK union recognition but agrees to mediated talks with staff

The company declines formal trade union recognition for workers in the UK, instead proposing discussions through a third-party conciliation process amid ongoing labor tensions i...

UK infrastructure ‘built for a climate that no longer exists’, report warns as heat and floods intensify

A major climate assessment says Britain’s transport, housing, and energy systems are increasingly mismatched to rising temperatures and extreme weather, raising risks of disrupt...

UK radio station apologises after false announcement of monarch’s death is mistakenly aired

A brief on-air error triggered confusion before being quickly corrected, prompting an apology and an internal review into how the incorrect bulletin was broadcast

UK Shares Climb as Inflation Softens, Easing Pressure on Interest Rate Expectations

Markets respond to signs of cooling price growth, shifting expectations around future Bank of England policy tightening and supporting equities.

Channel 4 Confirms ‘Married at First Sight UK’ Continues Amid Cancellation Rumours

Broadcaster dismisses claims the long-running reality format is ending, reaffirming ongoing commitment despite scheduling speculation and audience debate.

UK Launches ‘More Good Days, Together’ Campaign Amid Mental Health Awareness Push

National initiative tied to Mental Health Awareness Month aims to expand early intervention, public support services, and workplace mental health standards across the UK.

UK Sanctions on Russian Oil Face Political Pressure Over Allegations of Loopholes

Debate intensifies in Britain over enforcement of Russian oil restrictions and claims that compliance gaps are allowing indirect exposure to discounted crude.

UK Surveillance Aircraft ‘Dangerously Intercepted’ by Russian Jets Over Black Sea

Defense ministry reports close encounter during reconnaissance mission, highlighting rising airspace tensions near NATO’s eastern frontier

Beautiful Virgin Islands

What happened at FTX is straight-forward.

Newsletter

Related Articles

Google refuses UK union recognition but agrees to mediated talks with staff

UK infrastructure ‘built for a climate that no longer exists’, report warns as heat and floods intensify

UK radio station apologises after false announcement of monarch’s death is mistakenly aired

UK Shares Climb as Inflation Softens, Easing Pressure on Interest Rate Expectations

Channel 4 Confirms ‘Married at First Sight UK’ Continues Amid Cancellation Rumours

UK Launches ‘More Good Days, Together’ Campaign Amid Mental Health Awareness Push

UK Sanctions on Russian Oil Face Political Pressure Over Allegations of Loopholes

UK Surveillance Aircraft ‘Dangerously Intercepted’ by Russian Jets Over Black Sea

UK Parliamentary Vote on June 18 Becomes Early Test of Labour Power Dynamics

UK Softens Russian Oil Sanctions Amid Fuel Price Pressures

UK Becomes First G7 Nation to Seal Landmark Trade Deal With Gulf States

Beautiful Virgin Islands