Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels
The cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents' home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said on Thursday. Assistant US Attorney Nicolas Roos said in US District Court in Manhattan that Bankman-Fried, 30, perpetrated a fraud of epic proportions. Roos proposed strict bail terms, including a USD 250 million bond and house arrest at his parents' home in Palo Alto, California. An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse. Bankman-Fried wore a suit and tie in court and sat between his attorneys. Two US marshals sat behind him. Bankman-Fried, arrest
Bitcoin halving among primary reasons that may lead to more firms shutting down
Two top associates of Sam Bankman-Fried have pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday in a stunning development that came as the digital coin entrepreneur was being flown in FBI custody to the US from the Bahamas. Carolyn Ellison, the 28-year-old former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, the 29-year-old who co-founded FTX, pleaded guilty to charges related to their roles in the fraud that contributed to FTX's collapse, US Attorney Damian Williams said on Wednesday night in a video statement released on social media. They are both cooperating with the Southern District of New York, Williams said, adding that anyone else who participated in the fraud should also reach out to his office because our patience is not eternal. He promised that his office continued to work on the case around the clock, noting that he'd said in announcing .
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CoinSwitch annual report: The highest holdings in the virtual currencies in India were in Bitcoin, and it was followed by Dogecoin and Ethereum
Crypto funds have seen net inflows of $498 million in 2022, versus $9.1 billion in 2021
Sam Bankman-Fried may be ready to come to the US to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas. A lawyer for Bankman-Fried was quoted as saying Monday the disgraced FTX founder has agreed to be extradited to the United States. A court hearing was stopped earlier in the day when his attorneys said it was premature for him to stand before the court. Jerone Roberts, a local defense attorney for Bankman-Fried, told The New York Times that lawyers will prepare the necessary documents for extradition. Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision, the Times quoted Roberts telling reporters. It was not immediately clear when extradition could occur. The court appearance came just a week after Bankman-Fried's lawyers had initially said that they planned to fight extradition. An extradition hearing had been scheduled for Feb. 8. The reversal could speed up th
The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors
Women from West Bengal, Haryana and Uttar Pradesh were involved in the most crypto trades on the platform: Crypto exchange WazirX
The three primary committees charged with electing Democrats said Friday that they would set aside more than $1 million in donations this election cycle from disgraced crypto mogul Samuel Bankman-Fried, who is accused of making tens of millions of dollars in illegal campaign donations. Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was a prolific political donor to individual lawmakers, official campaign committees and super PACs. Among the recipients of his cash were the Democratic National Committee, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee. In a statement Friday, DNC spokesman Daniel Wessel said that the group will set aside the $815,000 in contributions it has received from Bankman-Fried since 2020. That total includes donations Bankman-Fried made directly to the DNC as well as the Democratic Grassroots Victory Fund and the Biden Victory Fund, which was a joint fundraising committee approved by Joe Biden's ...
On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400
Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary
Amid the FTX collapse saga, customers withdrew $1.14 billion in just 12 hours from leading crypto exchange Binance and according to its CEO, the massive withdrawals were "handled with ease"
CoinSwitch is expected to launch its new products by 2023 to become the first Indian crypto company to diversify into other asset classes
Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate's banking committee Wednesday. However, new legislation is potentially on the way. Sen. Elizabeth Warren announced at the hearing bipartisan legislation aimed at cracking down on cryptocurrencies being used in money laundering. The legislation, co-sponsored by Republican Sen. Roger Marshall of Kansas, would require cryptocurrency exchanges to verify customer identities like banks and other financial institutions do. Crypto has become the preferred tool for terrorists, for ransomware gangs, for drug dealers and for rogue states that want to launder money, said Warren, the Massachusetts Democrat, adding that crypto doesn't get a pass to help the world's worst criminals no matter how many television ads they run or how many political contributions they make. Republican Sen. Cynthia Lummis, of Wyoming, said she and Democratic Sen. ...
That tweak in the code got the attention of the US Securities and Exchange Commission (SEC), and charged Bankman-Fried with fraud
The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said
The manner of Sam Bankman-Fried's fall from grace is something the world has seen earlier, too. Here are five such biggest and most sensational instances
More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the US and the Bahamas