Parent of FTX victim who lost $130,000 asks judge to go easy on SBF

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty Images Heather Ferguson’s son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. At the time, Ferguson traveled to where her child was … Read more

FTX estate sells majority stake in startup Anthropic for $884 million

In this photo illustration, Anthropic logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted … Read more

Texan bitcoin miner Giga partners with Phoenix Global in Argentina

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

Inside Austin’s bitcoin underground

AUSTIN — There is a sort of clubhouse for Austin’s bitcoin believers on the second floor of the Littlefield Building at the corner of Congress Avenue and Sixth Street. The hideaway is at the crossroads of two worlds — the majestic thoroughfare that leads to the Texas State Capitol and the iconic, albeit notorious, stretch … Read more

Bitcoin briefly slumps below $63,000 after hitting $73,000 last week

Bitcoin extended its slide on Tuesday, dropping more than $10,000 at one point from its all-time high last week. The flagship cryptocurrency was last lower by 4% at $64,440.14, according to Coin Metrics. Earlier it fell to as low as $62,320.30, after reaching a record of $73,679 last week. “As ETFs buy up available supply … Read more

56 Bitcoin Not Invented By Computer Scientist Wright: Court

Australian computer scientist Craig Wright is not “Satoshi Nakamoto”, the pseudonym used by the creator of the cryptocurrency bitcoin when it launched in 2008, a UK court ruled Thursday. The decision follows a trial in London’s High Court after the Crypto Open Patent Alliance (COPA), a nonprofit organisation set up to keep cryptocurrency technology free … Read more

Bitcoin Crosses $71,000 To Hit All-Time High: Why Is Crypto On the Surge?

Bitcoin has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Bitcoin rises by as much as 4.8 per cent to a record $71,677 in European trading, bringing gains for the year so far to 70 per cent … Read more

Bitcoin touches an all-time high above $69,000 then falls 4%

Jaap Arriens | NurPhoto | Getty Images Bitcoin has reached a new all-time high for the first time in more than two years, as this year’s rally — fueled by excitement over bitcoin ETFs and the upcoming halving event — accelerated. The price of the cryptocurrency topped $69,210 on Tuesday morning before retreating, according to … Read more

Bitcoin tops $67,000 as it nears 2021 all-time high

Jaap Arriens | NurPhoto | Getty Images Bitcoin jumped to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. The flagship cryptocurrency was last higher by 6% at $66,660.91, according to Coin Metrics. Earlier, it rose to as much as $67,567.98, its highest level since … Read more