A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the Securities and Exchange Commission that they misled investors before their stablecoin’s 2022 collapse shocked cryptocurrency markets. The jury delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the … Read more
A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its … Read more
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
NEW YORK, US – JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. Fatih Aktas | Anadolu Agency | Getty Images In a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed for bankruptcy in 2022 expressed disgust at a circulating narrative … Read more
Halving is an event that takes place every four years in the cryptocurrency world. It is followed particularly closely by the community, as it has the effect of boosting the Bitcoin price every time. The next halving event is due to take place in April 2024. If you’re a cryptocurrency owner, you’ve probably noticed that … Read more
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images In sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the … Read more
Wenjin Chen | Digitalvision Vectors | Getty Images Britain’s financial services regulator announced guidelines for financial services companies and social media influencers making memes about cryptocurrencies and other investments in a bid to tackle a rise in scams. The Financial Conduct Authority said in a statement Tuesday that any marketing for financial products — including … Read more
Bitcoin is increasingly seen as a strong store of value, and a there are a range of different ways you can take advantage of its big swings in price to generate some profit for yourself, or create a digital nest egg for the future. But futures and ETFs aside, if you want to own your … Read more
