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Caroline Ellison, Gary Wang, and Nishad Singh Might Not be Jailed, Bankman-Fried Faces Decades in Prison: Bloomberg
3.11.2023
Three former close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, potentially leading to minimal jail time for themselves. Caroline Ellison, CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, FTX engineering chief, were key witnesses...
Fun Is Critical to Making Decentralized Games a Success – Cryptopia CEO Sangho Grolleman
3.11.2023
Sangho Grolleman serves as the CEO of Cryptopia, bringing with him a wealth of experience in the cryptocurrency realm since 2018. He recently joined the Bitcoin.com News Podcast to talk about the decentralized gaming market why making sure games are first and foremost fun to play is critical...
Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence
3.11.2023
Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening according to an account shared by Matthew Russell...
JPMorgan CEO: Inflation May Be Stickier Than People Think, Fed May Raise Rates Further
3.11.2023
The CEO of JPMorgan Chase, Jamie Dimon, has warned that inflation may be more persistent than many expect, and the government’s fiscal and monetary stimulus in the past several years has been greater than many realize. Dimon also expects more interest rate hikes from the Fed, stating:...
Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It
2.11.2023
Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s closing argument paints a picture of Bankman-Fried...
Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument
2.11.2023
Sam Bankman-Fried’s lawyer Mark Cohen gave a final argument Wednesday, portraying the FTX founder as someone who “did his best” and made mistakes but did not commit crimes. Bankman-Fried’s Lawyer: ‘Mistakes Are Not a Crime’ Sam Bankman-Fried‘s attorney...
Bankman-Fried’s Lawyers Challenge Core of Fraud Case, Questioning Fiduciary Ties Under English Law
1.11.2023
Lawyers for Sam Bankman-Fried are seeking to instruct the jury that no trust or fiduciary relationship existed between the crypto exchange and its customers, a key part of the prosecution’s fraud case. Bankman-Fried’s Attorneys Question Trust Ties In an addendum to earlier requests,...
Closing Arguments to Begin Tomorrow in SBF Trial
31.10.2023
The jury is set to deliberate shortly in the trial of FTX founder Sam Bankman-Fried, with closing arguments scheduled for first thing Wednesday morning. The defense rested its case mid-day Tuesday following weeks of testimony from former FTX executives, including former Alameda Research...
Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges
31.10.2023
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC). Terraform Labs and...
Bankman-Fried’s Memory Fails Him in Court as Prosecution Delves Into Alameda’s Preferential Treatment
31.10.2023
Ex-FTX chief Sam Bankman-Fried returned to the witness stand Monday, fielding a barrage of inquiries from the federal prosecutor. The interrogation spanned the better part of the day, with Bankman-Fried often struggling to recollect particular remarks he had uttered and specific instructions...
Do Kwon’s Unreasonable Operations Led to Terraform Collapse: Co-founder Shin Denies Involvement
31.10.2023
The co-founder of Terraform Labs Daniel Shin has denied involvement in the collapse of the Terra Network pointing fingers at former CEO Do Kwon. Following his trial, reports have made rounds from local news media showing that Shin blames the bad policies of Do Kwon as he was not part of the company...
No concerns over Bitcoin halving supply shock, says Bitvavo CEO
31.10.2023
The CEO of Dutch cryptocurrency exchange Bitvavo believes market dynamics will cater for the potential skyrocketing demand for Bitcoin in 2024
US Crypto Exchange Bittrex Receives Bankruptcy Nod to Cease its Operations
31.10.2023
A Delaware court judge approved the Chapter 11 plan of Seattle-based cryptocurrency exchange Bittrex on Monday to cease its operations. In April, the US Securities and Exchange Commission (SEC) charged Bittrex, its co-founder and former CEO William Shihara. Bittrex faced allegations of operating...
Vanguard Has No Plans to Join Asset Management Rivals in Pursuing Bitcoin ETFs: CEO Tim Buckley
31.10.2023
Asset management firm Vanguard has revealed that it will not be joining its competitors in pursuing a spot Bitcoin exchange-traded fund (ETF). While rivals like BlackRock and Fidelity have pending applications for Bitcoin ETFs, Vanguard CEO Tim Buckley stated in a recent interview with CNBC that...
Banking Giant Standard Chartered’s Crypto Custody Firm Zodia Launches in Hong Kong
31.10.2023
British banking giant Standard Chartered-owned crypto custody firm Zodia is launching services in Hong Kong. “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” the crypto firm’s CEO emphasized. Zodia has already expanded into...
UK risks regulating NFTs the wrong way, says Mintable CEO
30.10.2023
“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming
Ripple’s CEO criticizes former SEC Chair Jay Clayton’s comments
29.10.2023
The former SEC Chair emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny
Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says
29.10.2023
Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen a 38% decrease in revenues. Bloomberg Estimates...
From Airbnb to Bahamas Elite — Bankman-Fried Testifies About FTX’s Operations and Alameda
28.10.2023
Sam Bankman-Fried took the stand in his fraud trial on Friday, October 27, 2023, and was questioned by his lawyer about the operations of FTX and its relationship with affiliated crypto trading firm Alameda Research. Sam Bankman-Fried’s Trial Testimony Day 2 On Friday, Sam Bankman-Fried...
Bankman-Fried Continues Testimony: “I didn’t want to be known as the Kansas City Royals of Crypto Exchanges”
28.10.2023
Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, continued his testimony in Manhattan federal court Friday afternoon. Bankman-Fried’s public image Bankman-Fried pushed back on former Alameda Research CEO Caroline Ellison’s claims that his now infamous unkempt hair...