A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in … Read more
Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter.\ Update: FTX founder Sam Bankman-Fried sentenced to 25 … Read more
Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies. Today, he’s a 32-year-old inmate at the Metropolitan Detention Center in Brooklyn, waiting for … Read more
Brent Whitehead and Matt Lohstroh at the first unit they built in east Texas. Matt Lohstroh The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which … Read more
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft. They were met by a loss prevention employee, who directed … Read more
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Michael Nagle | Bloomberg | Getty Images For crypto bulls, the most lucrative bets in 2023 were in the stock market. While bitcoin rallied over 150% for the year, shares of Coinbase, MicroStrategy and … Read more
MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images MicroStrategy was founded almost 35 years ago and existed for most of its history as a little-known software company focused on business … Read more
