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cryptocurrency

Replacing Gold Exposure With Cryptocurrency Could Prove to be a Costly Error

by Adrian Jhonsan
Replacing Gold Exposure With Cryptocurrency Could Prove to be a Costly Error

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for …

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Categories World

New York federal prosecutors suggest Sam Bankman-Fried should face imprisonment

by Adrian Jhonsan
New York federal prosecutors suggest Sam Bankman-Fried should face imprisonment

FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Fatih Aktas/ | Anadolu Agency | Getty Images …

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Categories World

I Examined Sam Altman’s Sphere and All I Received Was This Disappointing Cryptocurrency | WIRED

by Craig Fedirighi
I Examined Sam Altman’s Sphere and All I Received Was This Disappointing Cryptocurrency | WIRED

“We don’t take ID or anything. So long as you look over 18, we scan your iris,” said Ana Howard, the contractor hired to lead onboarding in London. But everyone …

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Categories Business

FTX’s Sam Bankman-Fried has another charge dropped by prosecutors

by Ev Richard
FTX’s Sam Bankman-Fried has another charge dropped by prosecutors

Indicted FTX founder Sam Bankman-Fried leaves the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, …

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Categories Technology

The Motivation Behind Big Banks, Such as JPMorgan, Embracing Blockchain Technology for Wall Street

by Ev Richard
The Motivation Behind Big Banks, Such as JPMorgan, Embracing Blockchain Technology for Wall Street

Banking titans such as JPMorgan and Citi want to supercharge Wall Street by borrowing a tool from crypto — tokenizing assets on a blockchain. “Once you have these assets that …

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Categories Technology

Bitcoin sees significant decline prior to Federal Reserve meeting while investors consider Binance worries

by Ev Richard
Bitcoin sees significant decline prior to Federal Reserve meeting while investors consider Binance worries

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images The price of bitcoin …

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Categories Technology

Lawsuit Alleges FTX Lobbyist Attempted to Purchase Nauru Island, Facilitate Superspecies Development

by Ev Richard
Lawsuit Alleges FTX Lobbyist Attempted to Purchase Nauru Island, Facilitate Superspecies Development

The Nauru ring road runs right around the Island nation of Nauru. (C) Hadi Zaher | Moment | Getty Images Sam Bankman-Fried’s younger brother, who was a top lobbyist for …

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Categories Technology

Lawsuit Alleges Sam Bankman-Fried Utilizes FTX Funds to Pay Defense Attorneys

by Ev Richard
Lawsuit Alleges Sam Bankman-Fried Utilizes FTX Funds to Pay Defense Attorneys

Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, June 15, 2023. Mike Segar | Reuters Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued …

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Categories Technology

Fraudulent Crypto Operator Receives 8-Year Prison Sentence for Scam

by Ev Richard
Fraudulent Crypto Operator Receives 8-Year Prison Sentence for Scam

Residential skyscraper buildings beyond luxury villas on the waterfront of the Palm Jumeirah in Dubai, United Arab Emirates, on Thursday, Jan. 19, 2023. Christopher Pike | Bloomberg | Getty Images …

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Categories Technology

Nasdaq Halts Crypto Custody Service Launch Plan

by Ev Richard
Nasdaq Halts Crypto Custody Service Launch Plan

Michael Nagle | Bloomberg | Getty Images Nasdaq is pausing its plans to release a crypto custody business, CEO Adena Friedman said on the company’s earnings call Wednesday. “Considering the …

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Categories Technology
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