Bitcoin
The $8 billion Sam Bankman-Fried criminal trial starts today — here’s what’s at stake and how we got here
A year ago, Sam Bankman-Fried was revered as a titan of the industry and living large at a $40 million penthouse in the Bahamas, while he ran a crypto empire valued at $32 billion. On Tuesday morning in a Manhattan federal court in New York, the now disgraced founder and ex-CEO of the bankrupt crypto […]
Read More
Sam Bankman-Fried considered having to pay Trump $5 billion not to run for president, Michael Lewis tells ’60 Minutes’
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, comes at courtroom as attorneys drive to persuade the judge overseeing his fraud circumstance not to jail him forward of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters Sam Bankman-Fried, the alleged crypto felony who stands accused of masterminding a […]
Read More
Fugitive founder of crypto hedge fund that shed $10 billion arrested in Singapore while attempting to flee
Sopa Illustrations or photos | Lightrocket | Getty Photographs Authorities have arrested crypto fugitive Su Zhu, co-founder of bankrupt electronic asset hedge fund Three Arrows Capital, who was apparently making an attempt to flee Singapore at the time. Liquidators handling the bankruptcy estate of the collapsed fund, known as 3AC, claimed in a statement on […]
Read More
Coinbase CEO slams JPMorgan for banning crypto payments in United kingdom, indicates authorities should really act
Brian Armstrong, main government officer of Coinbase International Inc., speaks throughout the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Illustrations or photos Coinbase CEO Brian Armstrong is not happy with JPMorgan Chase’s conclusion to block crypto-connected transactions at its U.K. digital banking subsidiary, Chase Uk. […]
Read More
Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
Foundry’s Kevin Zhang with Jihan Wu, the founder and chairman of Bitdeer and a co-founder of Bitmain. Kevin Zhang Crypto winters don’t scare Kevin Zhang, who has been in the business of mining bitcoin for ten years. He’s lived through a few bear markets in the last decade, but no matter where he has set […]
Read More
Ethereum founder Vitalik Buterin travels the globe to keep crypto alive as the U.S. cracks down
Ethereum founder Vitalik Buterin in Prague. CNBC PRAGUE — For Vitalik Buterin, the idea of home is fleeting. The Russia-born coder, who built ethereum in his late teens, doesn’t stay long in any one city anymore. Meanwhile, the list of places he won’t go keeps growing. “There’s definitely a bunch of countries that I would […]
Read More
FTX sues Sam Bankman-Fried’s mothers and fathers, aims to claw again some of the $26 million in presents and home
Bankrupt crypto trade FTX is hunting to claw back again luxury assets and “millions of dollars in fraudulently transferred and misappropriated funds” from the mother and father of Sam Bankman-Fried, the exchange’s disgraced ex-CEO and founder. In a Monday court docket submitting, attorneys symbolizing the individual bankruptcy estate of the failed exchange alleged that Allan […]
Read More
What it’s like in Europe’s popular crypto haven Portugal as the U.S. cracks down
Alexander Spatari | Moment | Getty Images LISBON, PORTUGAL — Matadors and bitcoin maximalists are regulars at Campo Pequeno, a neo-Moorish bullring in the northernmost reaches of the Portuguese capital city. The two aren’t all that different. Both are typically defiant and stubborn, engaged in a seemingly hopeless battle that pits man against beast, where […]
Read More
Texas paid bitcoin miner Riot $31.7 million to shut down through heat wave in August
During the crypto growth of 2021, Riot Platforms was raking in funds from bitcoin mining. Now the business is dropping so substantially revenue that it’s counting on power credits from advertising power again to the Texas grid to preserve its fees below handle. Riot stated on Wednesday that it earned $31.7 million in electrical power […]
Read More
There are just 6 bitcoin billionaires in the entire world, new crypto tremendous-rich report claims
Hundreds of hundreds of thousands of persons have crypto investments. A new report exhibits how several crypto millionaires and billionaires exist. Antonio_diaz | Istock | Getty Images Hundreds of thousands and thousands of men and women about the globe have some kind of crypto holdings, whether that is in bitcoin or 1 of the lots […]
Read More