Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, is trying to get a new trial after being found guilty of fraud and conspiracy last November. He’s currently serving a 25-year prison sentence. A Case of Bias? Bankman-Fried’s lawyers argue that the judge, Lewis Kaplan, was biased against him and didn’t give him…
A UK court just declared Tether’s USDT a property, and it’s causing a stir in the crypto world. Let’s break down what this means and what might happen next. Good News for USDT? This ruling could be a big deal for USDT. It gives it a clearer legal standing, which might attract more investors, both…
A new lawsuit claims that banking giant JPMorgan Chase helped a Ponzi scheme scam investors out of millions of dollars. Bank Accused of Enabling Fraud The lawsuit, filed by investor David Stapleton, alleges that JPMorgan Chase knowingly enabled a fraudulent scheme run by Sanjeev Acharya, the CEO of Silicon Sage Builders. Acharya allegedly raised over…
A popular crypto analyst thinks Bitcoin could skyrocket in value before the current market cycle ends. Michaël van de Poppe, who has over 700,000 followers on social media, believes Bitcoin could jump by as much as 890% from its current price. Bitcoin as a Safe Haven Van de Poppe says investors might choose Bitcoin as…
Customers in Kentucky were left shocked and frustrated after receiving fake $100 bills from an ATM. Movie Money, Not Real Money Several people, including Tiffany Vaugh, withdrew money from an Independence Bank ATM in Providence, Kentucky, only to discover the bills were fake. These bills were marked “for motion picture purposes” and “in props we…
American companies are borrowing a record amount of money, and it’s all because they’re worried about what’s coming next. A Big Week for Borrowing In the first week of September, companies issued a record-breaking amount of debt. This is the most ever in a single day, and the second-highest amount ever in a single week….
The crypto world is a wild west right now, with different government agencies pulling in different directions. A new bill, called the “BRIDGE Digital Assets Act,” aims to bring some order to the chaos. A Bridge Between Agencies The bill proposes a new committee made up of representatives from the Securities and Exchange Commission (SEC)…
Bitcoin has been on a roll lately, gaining almost 13% in the past week. Analysts are buzzing about a potential bull run, and one key indicator is pointing in that direction. New Bitcoin Addresses: A Key Indicator Crypto analyst Burak Kesmeci has identified a crucial factor in Bitcoin’s price movements: the number of new Bitcoin…
Ethereum remains the king of decentralized exchanges (DEXs), controlling a whopping 35% of the market. This means that most of the trading of cryptocurrencies without using traditional exchanges happens on Ethereum. This is good news for Ethereum investors, as it shows the network is still very active and popular. However, Ethereum isn’t alone in the…
Kraken, a popular cryptocurrency exchange, is taking on the US Securities and Exchange Commission (SEC) in a legal battle over the definition of digital assets. Kraken vs. SEC: A Battle of Definitions The SEC has accused Kraken of operating an unregistered exchange for digital assets, claiming these assets qualify as securities. Kraken strongly disagrees, arguing…
