The criminal trial of Sam Bankman-Fried will proceed as scheduled, despite the request from his attorneys for an adjournment due to his limited access to prescribed medication. In a late-night appeal to U.S. District Judge Lewis Kaplan on Sunday, Bankman-Fried’s lawyers asked that he be allowed to take his prescribed 12-hour extended-release 20mg dose of …
Cryptocurrencies experienced a brief surge at the beginning of the week as investors speculated on the possibility of a bitcoin ETF being approved in the near future. On Monday morning, bitcoin saw a sudden spike above $30,000 based on an unverified report claiming that the iShares spot bitcoin ETF had received formal approval from the …
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 picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin, and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022. Justin Tallis | Afp | Getty Images Paolo Ardoino, the chief technology officer for Tether, has been promoted to CEO of the stablecoin company in a surprising move. This unexpected …
The Israel-Hamas conflict is set to escalate further, despite the already devastating loss of more than 2,100 lives on both sides. Israeli police have taken a significant step in response to Hamas’ recent violent attacks by freezing the cryptocurrency accounts used by the terror group. In a statement, Israeli police revealed that Hamas had …
In the testimony given in Manhattan federal court on Wednesday, a former top executive of Sam Bankman-Fried blamed him for corrupting her values, leading her to lie and steal. She expressed emotional relief when describing the collapse of Bankman-Fried’s cryptocurrency empire, saying she no longer had to lie. The executive, Caroline Ellison, had a romantic …
Good morning, Quartz readers! Here’s a roundup of the latest news you need to know: 1. US pledges support for Israel: President Joe Biden condemns Hamas’s attack and confirms American hostages. 2. EU warns Elon Musk to comply with disinformation laws regarding fake news about the war circulating on X. 3. Should you invest in …
Day four of Sam Bankman-Fried’s trial on federal fraud and money-laundering charges showcased testimony from FTX co-founder Gary Wang. Wang revealed how he and Bankman-Fried committed financial crimes and deceived the public. In a striking demonstration of the government’s case, Wang, 30, the first star witness for the prosecution, told a New York jury on …
Bank of Korea to Pilot Central Bank Digital Currency SEOUL, Oct. 5 (UPI) — The South Korean government has announced plans to initiate testing of a central bank digital currency (CBDC) this month. The Bank of Korea and the Financial Services Commission have disclosed their intention to conduct a trial run of the digital currency …
Authorities have seized Sam Bankman-Fried’s two private jets, valued at $28.4 million, as the indicted founder of FTX, a bankrupt cryptocurrency exchange, faces trial and is considered a “flight risk.” Despite the confiscation of the jets, Bankman-Fried, a former billionaire, reportedly never used them for travel. The two planes seized by the government are the …