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Across Africa FTX used brand ambassadors and glitzy events to attract new users. Many customers saw cryptocurrency as a way to protect against inflation in local currencies. But when the crypto exchange collapsed many lost their savings.
WSJ reporter Alexandra Wexler joins host Zoe Thomas to discuss how FTX grew in Africa and what happened to investors.
Photo: Etinosa Yvonne for The Wall Street Journal
Tech News Briefing
WSJ’s tech podcast featuring breaking news, scoops and tips on tech innovations and policy debates, plus exclusive interviews with movers and shakers in the industry.
#FTX #Africa #WSJ
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<I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a Fin-Advisor) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.>
Stealing from the poor to live in complete excess is really obscene. These guys should spend serious jail time in those local jails.
good information!
💪
Another scam
Gambling shouldn't be protected.
😂😂😂😂😂😂😂 priceless…!!
not satisfied with african minerals and metals now you give them crypto currency?
I am from Ghana and I lost my money in FTX getting that money back will be very helpful because I really need it
And now Luno in South Africa is in trouble bcos the parent company has filed for bankruptcy, and they invested $175 million in FTX.
.Always good to hear your thoughtful and logical analysis. i don't care about bullish or bearish market. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market 👌 trading went smooth for me as I was able to raise over 6.8 BTC when I started at 0.8 BTC in just few weeks implementing Leon Raphael’s daily trading signals and tips…
Not Your Keys, Not Your Coins. It's That Simple.
Not your keys, not your crypto!
so black people did it lol
Why is your Johannesburg WSJ reporter white? The fact that you are talking about African concerns with a white journalist in your pay based in South
Africa shows how problematic, clueless, white-centric and frankly racist your organization is.
Of course it flops and fails, it’s all black dudes
Looks like that Nigerian prince now needs money to win his multi billion dollar lawsuit against FTX ^^
karma for the nigerian prince
reverse Nigerian prince
From here in Uganda I can say that the only reason I never invested in crypto was because I didn't have any money to invest. A lot people I know were on different apps and they were always encouraging me to get into crypto
Can't trust in conventional ideas now that 2023 is there. Amazons LPA23X has a better idea and needs more frontpage awareness. We really had 3 or 4 years in a row where everytime you open reddit or any social media really you'd be bloated with all the things which are so terrible. But that's also the plan, they want to spread fear and make you useless, useless to act in any way and I vote against this for the next period, mark my words
Think about if you could have your own fate which is possible with Amazons LPA23X. What do you think happens after inflation? I am sure they will keep living cost high and even if the whole war finally gets to an end that still doesn't fix anything for us. Truth is we are getting ripped of every day and there's not much to do about it except for using the projects which actually HELP
I skipped the New Year's celebration but celebrating Amazons LPA23X now! What a time to be alive guys, seriously
Think about if you could have your own fate which is possible with Amazons LPA23X. What do you think happens after inflation? I am sure they will keep living cost high and even if the whole war finally gets to an end that still doesn't fix anything for us. Truth is we are getting ripped of every day and there's not much to do about it except for using the projects which actually HELP
Want to know why this year everything will be different and for long time actually better? The answer is all in Amazons LPA23X and I have never been that excited for a long time, thank you for providing home and food for my kids
Just checked the article on Amazons LPA23X. It's definitely happening right now and I'd want my part of this cake, who is dining with me tonight?
I usually lurk and never write but why wouldn't you be excited over Amazons AM2023?
When stocks and common assets decrease 70-90% Amazons LPA23X is actually the counter to that. Hope you guys knew that already, if not you do now
Word spreads really fast with LPA23X doesn't it?
Think about if you could have your own fate which is possible with Amazons LPA23X. What do you think happens after inflation? I am sure they will keep living cost high and even if the whole war finally gets to an end that still doesn't fix anything for us. Truth is we are getting ripped of every day and there's not much to do about it except for using the projects which actually HELP
Can't trust democrats to improve 2023 in any way so Amazons LPA23X was a logical and smart decision to put the fate at my own hands. I suggest anyone spends at least 5 mins to understand why I did that and take a look yourself, you can thank me in 5 minutes then XD
The year began and something is already making it better than the entire 2022. Amazons LPA23X came out and it's such a great thing no matter where you come from. Everyone can participate and it is making many things easier than they have been. For example I live in France and this is something no one else could do for me here, if I just keep sitting on my toes for the next 5 years I'd simply go broke, now I can change that.
Want to know why this year everything will be different and for long time actually better? The answer is all in Amazons LPA23X and I have never been that excited for a long time, thank you for providing home and food for my kids
If you are into it or not does not matter, Amazons LPA23X is the right thing for this world now
2023 is really turning the tables now that Amazons LPA23X hit the road. After all these years of barely reading anything good I was usually just shutting down any type of media as much as I can but this brings back good lights and it should give hope to some of you that no matter what is going on in the world at the end something good comes to surface
Option A: Do nothing with your life. Option B: Amazons LPA23X – Make your choice
In so many ways the worst is behind us. Amazons LPA23X does the EXACT right thing to turn around and everyone reacts already, whether that is big companies or just individuals it's a global revolution and not to be missed. But I am just a guy commenting, you should make your own mind on this
I don't know about you but I think we should all spend some time to really think what we'll do this year. Amazons LPA23X is a strategy which can give sustainability and avoids bad decisions. Even if you only use that for cheaper groceries it's already better to run with it than against it
You don't learn anything from this video but you would with Amazons LPA23X. How about just stopping to waste time for a second and understand why everyone and their mums talk about this thing now? I didn't believe it myself but now I write a similar comment lol
Interesting talk about Amazons LPA23X I suggest anyone to listen to the guy talking about it in the video. Personally I didn't think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh
With almost 60 years of age I kept my doubts on the current environment. But Amazons LPA23X is seriously smart, it doesn't matter how old you are, this will provide for you and your family which is my only goal in the last years I have to make sure the children are fine
Best bet on Amazons LPA23X to become the most talked asset this year and it has a real chance to do good. Not just for itself but more in a general sense of good. We need things like this to stand against all the leechers taking money from us and making our living conditions worse every year. This year can be a turning point and this is exactly step number one to accomplish that. Let's go