MacKenzie Sigalos

CNBC Reporter MacKenzie Sigalos is an award-winning journalist who is a cross-platform contributor to CNBC, NBC, and MSNBC, where her reporting is featured on digital, broadcast and streaming networks, as well as CNBC's social platforms. Her international and domestic field reporting has included coverage in Africa, Asia-Pacific, Europe and multiple cities across the U.S. MacKenzie is also a founding co-host and contributor on Crypto World.

Biography:  https://www.cnbc.com/mackenzie-sigalos/

79%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

88%

Examples:

  • The author has a tendency to use language that dehumanizes those who hold different political views.
  • The author implies that certain individuals are extreme or unreasonable.

Conflicts of Interest

76%

Examples:

  • The author has a conflict of interest in reporting on FTX, as they have not disclosed their relationship with the company.

Contradictions

85%

Examples:

  • Articles contradict themselves by stating that Block's Cash App business reported strong growth, while also mentioning that Afterpay, a company acquired by Block for $29 billion last year, struggled throughout 2021 and posted successive quarters of losses.
  • Contradictions in articles state that Bitcoin hit a new all-time high, while others mention the industry has seen an influx of institutional investors since the Securities and Exchange Commission approved a raft of new U.S. spot bitcoin exchange-traded funds.

Deceptions

70%

Examples:

  • The article deceptively implies that Ellison was a key player in the creation of FTX when she joined Alameda Research, which was still in its original Bay Area office at the time.
  • The sentence “Ellison spent years as Bankman's on-again, off-again girlfriend and roommate” is deceptive as it implies that Ellison had a significant romantic relationship with Sam Bankman Fried. In reality, they were in an on-and-off again relationship for several years.
  • The title “Block shares surge 16% after company announces surprise profit” is deceptive as it implies that the shares surged by 16% after a surprise profit announcement when in fact it was only up by 4 cents per share and not comparable to estimates.

Recent Articles

Trump Announces Cryptocurrency Plan, Promises Scrap of Biden Administration's Central Bank Proposal

Trump Announces Cryptocurrency Plan, Promises Scrap of Biden Administration's Central Bank Proposal

Broke On: Saturday, 27 July 2024 Former President Trump announces plans to establish a cryptocurrency advisory board and scrap the Biden administration's central bank plan for crypto if re-elected, during his speech at the Bitcoin2024 Conference.
Former FTX Executive Ryan Salame Sentenced to 90 Months in Prison for Unlawful Campaign Donations and Money Laundering

Former FTX Executive Ryan Salame Sentenced to 90 Months in Prison for Unlawful Campaign Donations and Money Laundering

Broke On: Tuesday, 28 May 2024 Ryan Salame, former co-CEO of FTX Digital Markets Ltd., was sentenced to 90 months in prison for making unlawful campaign donations totaling millions. His testimony against Sam Bankman-Fried led to key witnesses during the founder's fraud trial in November 2023. Salame, who donated over $24 million to Republicans, pleaded guilty in September 2023 to conspiracy charges.
Coinbase Q1 Earnings Surge: $1.18B Net Income, Bitcoin Transactions Up 93%, Ethereum on Base Brings in $56.1M

Coinbase Q1 Earnings Surge: $1.18B Net Income, Bitcoin Transactions Up 93%, Ethereum on Base Brings in $56.1M

Broke On: Thursday, 02 May 2024 Coinbase reports Q1 earnings of $1.18 billion, driven by a surge in transactions and favorable crypto accounting rules. Bitcoin made up a third of consumer and institutional transactions, with price reaching an all-time high of $73,000 after SEC approval of spot ETFs. Strong revenue growth from consumer and institutional trading led to EBITDA of $1 billion, but transaction expenses increased by 73%. Looking forward to Q2, Coinbase estimates overall expenses up to $890 million due to higher trading volumes and customer support costs.
Upcoming Bitcoin Halving: Bracing for Potential Price Surge and Impact on Miners

Upcoming Bitcoin Halving: Bracing for Potential Price Surge and Impact on Miners

Broke On: Saturday, 20 April 2024 In May 2023, the Bitcoin network will undergo its third halving event, reducing rewards for mining new blocks in half. Historically preceding price increases, this event could lead to a bull run and new all-time highs for Bitcoin. Adam Sullivan of Core Scientific anticipates major rally despite challenges, while Mark Cuban explores AI's impact on miners.
Sam Bankman-Fried Found Guilty of Wire Fraud Following FTX Collapse and $8 Billion Theft

Sam Bankman-Fried Found Guilty of Wire Fraud Following FTX Collapse and $8 Billion Theft

Broke On: Friday, 29 March 2024 Sam Bankman-Fried, founder of FTX cryptocurrency exchange, was found guilty on two counts of wire fraud and five counts of conspiracy following the collapse in November 2022. Over $8 billion stolen from customers due to poor management decisions by Sam and his team at Alameda Research LLC.
Square and Cash App Revenue Drive Block's Fourth-Quarter Gross Profit Growth

Square and Cash App Revenue Drive Block's Fourth-Quarter Gross Profit Growth

Broke On: Friday, 23 February 2024 Block, led by Jack Dorsey, reported fourth-quarter earnings that exceeded analysts' estimates for gross profit and showed strong growth in Square and Cash App revenue. The company generated $2.03 billion in gross profit for the quarter, up 22% from the previous year.
SEC Allows Listing of Spot Bitcoin ETFs on US Exchanges, Marking a Significant Milestone for Cryptocurrencies

SEC Allows Listing of Spot Bitcoin ETFs on US Exchanges, Marking a Significant Milestone for Cryptocurrencies

Broke On: Monday, 15 January 2024 The US Securities and Exchange Commission (SEC) has granted permission to list spot bitcoin exchange-traded funds (ETFs) on US exchanges, marking a significant milestone in the acceptance of cryptocurrencies among Wall Street giants. This decision allows institutional investors to put money into digital currencies. Despite positive developments, it is crucial to approach Bitcoin and other cryptocurrencies with caution and an understanding of potential risks.

FTX Founder Convicted, Parents Face Legal Perils, and SEC Open to Exchange's Revival

Broke On: Thursday, 09 November 2023 Sam Bankman-Fried, founder of the failed FTX cryptocurrency exchange, has been convicted of seven counts of fraud and conspiracy. SEC Chair Gary Gensler has stated that a revived FTX could work if new leadership operates within the law. Bankman-Fried's parents, Joseph Bankman and Barbara Fried, face potential criminal exposure for their roles in their son's collapsed crypto empire.