A woman rides her bicycle with the Marina Bay Sands hotel and high-rise buildings in the background in Singapore on Sept. 4, 2023. Roslan Rahman | AFP | Getty Images Singapore will introduce tighter rules for cryptocurrency service providers, following feedback on its proposed regulations, said the city-state’s financial authority. “The consulted proposals detail business … Read more
Sam Banman-Fried (left) image by ED JONES / Contributor/Getty Images. Mackerel image (right) image by Anadolu / Contributor/Getty Images Sam Bankman-Fried quickly figured out that mackerel fish is the currency of choice among inmates. He recently used it to pay for a haircut. The food item has been a popular means of exchange in federal … Read more
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During Sam Bankman-Fried’s monthlong fraud trial, prosecutors presented damning evidence that the fallen crypto founder knew full well what he was doing from the beginning. He knew that Alameda Research borrowed billions in customer funds from FTX. He knew his fellow executives fabricated balance sheets to send to lenders. He knew FTX wasn’t fine when … Read more
At 7:33 pm eastern yesterday, Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, was found guilty of seven counts of fraud and conspiracy. The crypto industry exhaled. The verdict was a “huge relief,” says market analyst Noelle Acheson, formerly of crypto brokerage Genesis. The fraud at FTX, which threw the crypto world into a spin … Read more
Shai Gilgeous-Alexander is thriving on the court, but his life away from basketball recently took a sharp turn. The OKC Thunder guard finds himself in the midst of a legal battle in regards to a property he just bought. Shai Gilgeous-Alexander and his girlfriend recently purchased a lakeside mansion worth over eight million dollars, but … Read more
FTX founder Sam Bankman-Fried is not going to the moon, instead he appears headed for prison … he’s been found guilty on all counts against him in his federal cryptocurrency fraud case. Federal law enforcement sources tell TMZ … a jury in New York City convicted the disgraced “Crypto King” on all seven counts of … Read more
Sam Bankman-Fried is guilty on all seven federal charges in his criminal trial for defrauding customers of his crypto exchange out of billions of dollars with his crypto empire, jurors decided on Thursday night in a Southern District of New York court, Reuters reports. Jurors reached a verdict at 7:40 p.m., according to CoinDesk, that … Read more
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. Michael M. Santiago | Getty Images As lawyers in Sam Bankman-Fried’s criminal trial presented their closing arguments on Wednesday, prosecutors reminded jurors of the mountain of evidence provided by key witnesses, while defense counsel accused … Read more
The UK is currently dealing with an alarming rise of crypto—the diarrhea-causing intestinal parasite, not the baffling currency. In a report this month, health officials documented a much higher number of cases than expected so far in 2023. It’s not clear yet why crypto is surging in the country, though the increase may be tied … Read more
Each Sunday morning, the congregation of the International Deliverance Praying Ministry gathers in front of their church, ready to be let in. It’s a modest building in the southside of Nassau, the capital of the Bahamas, on an overgrown and potholed street that floods when it rains. While they wait, a member of the church … Read more