Caroline Ellison, the former CEO of Alameda Research LLC, appeared in court in New York on October 12, 2023, as the government’s key witness in the fraud case against Sam Bankman-Fried, the founder of FTX. The trial took place in a courthouse in downtown Manhattan. During a relatively slow day in court, one of the …
A year ago, Sam Bankman-Fried was hailed as a titan of the industry, living a luxurious life in a $40 million penthouse in the Bahamas while overseeing a crypto empire worth $32 billion. However, things have taken a dramatic turn, as Bankman-Fried will now face trial in a Manhattan federal court in New York for …
Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE The District of Columbia Court of Appeals has cleared the path for bitcoin exchange-traded funds (ETFs). On Tuesday, the court ruled in favor of Grayscale in its lawsuit against the Securities and Exchange Commission (SEC). The SEC had previously denied Grayscale’s application to convert its …
SEC Chair Gary Gensler has taken a hardline stance against the cryptocurrency industry, with the recent lawsuit against Coinbase and Binance for securities violations and skepticism towards the future of token trading. This move has resulted in a sell-off in the market with four of the 10 most valuable coins dropping at least 15% in …