Michael Saylor attacks Sam Bankman-Fried

Saylor says the crypto industry is often "greedy, arrogant or foolish." ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $841.82B (-1,16%) 24 Hour Volume $39.68B (+9.55%) Notable Movers[(EOS) $0.9965]( (+3.63%) Notable Movers (DeFi)[(SNX) $1.97]( (+3.06%) Bitcoin Dominance 38,47%[(+0,12%)]( Bitcoin Price[(BTC) $16,827.02 (-1.07%)]( Ethereum Price[(ETH) $1,232.15 (-1.79%)]( Cardano Price[(ADA) $0,311 (-1.74%)]( Editor's Note When AI Takes Over With all of the talk about AI stealing all of our jobs, I thought I would let AI answer this question — “Can AI really put a cryptocurrency newsletter writer out of a job?” AI-generated cryptocurrency newsletters are able to provide more accurate and reliable information than those written by humans. AI can quickly process large amounts of data, analyze it accurately and present it in an easy-to-digest format for readers. This allows readers to gain deeper insight into the cryptocurrency market, enabling them to make better informed decisions about their investments. AI can also be trained to generate humorous content by using data from different sources and content formats, such as jokes and stories. With the right training, AI can write newsletters that are not only informative but also entertaining and funny. Guess I’m out of a job, then. [Today’s Top Stories ] Extra Bonus for TraderWagon users in Binance Football Fever! Register at TraderWagon, Vote for football match outcomes in Binance Football Fever 2022 to Win up to $5,000 Bonus! [Join Here.]( Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Wednesday's CoinMarketRecap podcast!]( 🔥 Listen to all the day's top crypto stories while you're on the move with the CoinMarketRecap podcast. You can find us on [Apple Podcasts]( [Spotify]( and [Google Podcasts]( too! [Michael Saylor rips into SBF…]( 😬 MicroStrategy's executive chairman Michael Saylor has criticized Sam Bankman-Fried following the collapse of FTX — calling him the "poster child" of "shitcoinery." Speaking to the Valuetainment podcast, Saylor described large parts of the crypto industry as "greedy, arrogant or foolish" — and claimed SBF had created tokens out of thin air. "Sam scraped billions from unsuspecting investors in Silicon Valley. They should have known better. He took billions from crypto hedge funds and crypto banks like BlockFi and Voyager — they should have known better. And then he took probably $10 billion or more from depositors on his exchange," the Bitcoiner said. […and CZ joins in too]( 😱 Binance CEO Changpeng Zhao isn't pulling any punches either. CZ has described the 30-year-old founder of FTX as among the "greatest fraudsters in history," adding: "He is also a master manipulator when it comes to media and key opinion leaders." The entrepreneur denied that he was responsible for the exchange's downfall, and said FTX "killed themselves (and their users) because they stole billions of dollars of user funds." CZ went on to argue that "no healthy business can be destroyed by a tweet" — defending his decision to make a bombshell announcement that he was planning to offload more than $500 million in FTT tokens last month. [Sam Bankman-Fried lawyers up]( 🚨 Sam Bankman-Fried has hired the prominent New York defense attorney who defended Jeffrey Epstein confidant and convicted sex trafficker Ghislaine Maxwell, according to Reuters. Mark S. Cohen is a former federal prosecutor who specializes in white-collar crime and civil litigation. Maxwell was sentenced to 20 years in prison after being convicted of trafficking underage girls for the disgraced financier. Cohen may well have his work cut out for him with Bankman-Fried, who has admitted that he is ignoring legal advice by continuing to give a flurry of media interviews. Whether he'll listen to Cohen remains to be seen. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States