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Former Binance CEO Changpeng Zhao Still Worth $15 Billion Despite Guilty Plea: Forbes
23.11.2023
Source: X / @cz_binance Former Binance CEO Changpeng Zhao, commonly known as CZ, is still worth $15 billion despite recently pleading guilty to federal money laundering charges. On Tuesday, the crypto boss acknowledged his violation of US regulations and evasion of sanctions laws in his pursuit...
Ripple Executive Flags Gary Gensler’s Speech, Highlights SEC’s Shortcomings
17.11.2023
Stuart Alderoty Source: YouTube/PlanXRP Ripple’s Chief Legal Officer Stuart Alderoty has pointed out loopholes in Gary Gensler’s speech at the 2023 Securities Enforcement Forum referring to the Securities and Exchange Commission’s (SEC) “shady” behavior. In a social media post on X (formerly...
Joe Bankman’s Legal Troubles: Fallout from Son’s FTX Conviction
14.11.2023
Source: Pexels Though disgraced FTX boss Sam Bankman-Fried (SBF) has already lost in court, the crypto mogul’s law professor parents – Joe Bankman and Barbara Fried – may also face charges for abetting their son’s megalithic fraud. The former played a pivotal role in advising his son during...
BIS Chief Touts Benefits of CBDCs, Says Crypto Reveals ‘Poorly Designed and Poorly Supervised Financial Systems’
8.11.2023
In a Wednesday speech in Basel, Switzerland, Bank for International Settlements (BIS) chief Agustín Carstens argued that central bank digital currencies (CBDCs) will “sit at the core of the future financial system,” bringing innovation and meeting public expectations. While Challenges Remain,...
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...
Prosecutors Probe Sam Bankman-Fried’s Memory in FTX Case Without Jury
27.10.2023
Federal prosecutors questioned Sam Bankman-Fried in an ongoing hearing on Wednesday about his message deletion practices and the alleged use of customer funds while he was CEO of now-bankrupt crypto exchange FTX. FTX Founder Faces Intensive Cross-Examination by Prosecutors in Ongoing Trial...
Metal Gear Solid 3 Gets Unreal Glow-Up In New Remake Trailer
25.10.2023
When the Metal Gear Solid 3 remake was revealed back in May, all we got were some shots of a swamp and Naked Snake coming out of the water. A new trailer that debuted today during the latest Xbox mini-showcase finally gives us a look at the game in action, if only briefly. And you know what?...
Former FTX Boss Sam Bankman-Fried to Testify on Thursday in High-Stakes Trial
25.10.2023
Ex-FTX chief Sam Bankman-Fried is slated to make his case directly to the jury in his ongoing trial, as shared by his defense lawyer, Mark Cohen. Bankman-Fried’s decision to testify comes on the heels of several witnesses who have spoken against him in recent weeks. Facing Accusations:...
Ex-PlayStation Boss Has A Warning For The Game Industry
23.10.2023
Shawn Layden has been out of PlayStation for four years now, but retirement hasn’t stopped him from weighing in on larger trends in gaming. Long worried about ballooning blockbuster development budgets, the former CEO of Sony Computer Entertainment America has added studio consolidation and...
From Effective Altruism to Terms of Service — Pivotal Points in Bankman-Fried’s Court Battle
23.10.2023
Lawyers for former FTX CEO Sam Bankman-Fried have given proposed jury instructions to the court in advance of jury deliberations and his verdict. These instructions clarify the defense’s legal positions and emphasize their client’s right to be presumed innocent until proven guilty....
Skybridge Boss Scaramucci Predicts Bitcoin’s Value Could Multiply 11-fold With Blackrock’s ETF Approval
22.10.2023
Anthony Scaramucci, founder of Skybridge Capital, believes that if the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s spot bitcoin exchange-traded fund, the value of bitcoin could surge significantly. Scaramucci also discussed Sam Bankman-Fried, the former head of...
Bank of America CEO Discusses Economic Slowdown and Fed Cutting Interest Rates
22.10.2023
Bank of America CEO Brian Moynihan expects the U.S. economy to slow down in the middle of next year. The executive also noted that according to his bank’s research, the Federal Reserve will start cutting interest rates in the middle of next year to the latter half of next year. Bank of America Boss...
IMF Boss Kristalina Georgieva Calls to Accelerate ‘Financial Inclusion’ Through Digitalization
18.10.2023
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has argued that digitalization could help to scale up “financial inclusion.” During a keynote, Georgieva stated that digitalization worked well in this sense and called for an extension of initiatives...
Xbox Boss Says There's No 'Secret' Call Of Duty Drop Coming To Game Pass In 2023
17.10.2023
Now that Microsoft’s purchase of Activison Blizzard has officially been completed, Xbox Series X/S owners have been hoping to see games like Call of Duty: Modern Warfare II and Diablo IV appear on Game Pass any day now. But Microsoft Gaming CEO Phil Spencer poured cold water on the rumor mill hype...
FTX Engineer Reveals $8B Bug, Lavish Spending, and Political Donations in Explosive Testimony Against Bankman-Fried
17.10.2023
Nishad Singh, former director of engineering at FTX, testified this week against his former boss Sam Bankman-Fried, detailing a software bug that hid billions in missing funds and excessive spending on celebrities and real estate. Singh Points Finger at $8 Billion Bug and Bankman-Fried’s...
Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
Ellison Was CEO But SBF Was Still Boss at Alameda, Her Testimony Suggests
11.10.2023
The testimony of Caroline Ellison, the former business, romantic – and by her estimation, criminal – partner of Sam Bankman-Fried, whom she identified upon prosecutors’ request – began in the vaguest of ways
Diablo IV's Next Season Promises Easier Level Grinding To Win Back Players
5.10.2023
Diablo IV’s Season of Blood goes live October 17, and it’s aiming to inject some life back into the loot RPG with blood-sucking foes and quality-of-life fixes. The game’s developers promise players will level up 40 percent more quickly than last season, potentially paving the way for more fun...
‘I Won’t Tell if You Don’t’ — SEC Unearths Alleged Scheme by Do Kwon to Fabricate Terra Transactions
1.10.2023
In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss reportedly claimed he could fabricate transactions on...
Sonic Frontiers’ Final Free Update Is Kicking Players' Asses
29.9.2023
Sonic Frontiers, Sega’s latest (and surprisingly well-received) entry in the speedy hedgehog franchise, received its final free content update on Thursday. It seems this new update is proving to be way more difficult than the base game, as players who once bragged about how easy the game was...