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Sam Bankman-Fried, the founder of FTX, has been found guilty on all seven counts in his fraud trial. According to experts, it is likely that his top allies, Caroline Ellison, Gary Wang, and Nishad Singh, will also be sentenced. However, they will likely get little or no prison time. Criminal defense lawyers and
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Changpeng Zhao's wealth dropped to $17.2 billion from a previous estimate of $29.1 billion. Source
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The new documentary reveals the entire journey of FTX, from its beginnings to its sudden collapse, with exclusive insider details about Sam-Bankman Fried’s business. The story of the ex-CEO of the FTX exchange, Sam Bankman-Fried, has interested many writers and producers. Plans to release films based on the history of FTX
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As FTX disgraced founder Sam Bankman-Fried steps to defend himself in the court on Thursday, here’s what has transpired ever since the FTX bankruptcy. Sam Bankman-Fried will testify in defense of his actions leading up to the collapse of FTX and his entire digital asset empire. His legal team confirmed
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The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission.In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing
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Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether (USDT), is reportedly preparing to update the frequency of releasing its reserve data reports.Paolo Ardoino, Tether’s chief technology officer and incoming CEO, disclosed that the firm plans to publish reserve data in real-time in 2024, Bloomberg reported
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OSL offers prime brokerage, exchange and custody of crypto assets, as well as infrastructure for financial institutions to offer digital asset trading. BC Technology may elect to sell parts of OSL's business rather than the whole entity, according to the report, citing people familiar with the matter. Source
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Bloomberg is set to debut a documentary called “Ruin” on Oct. 25 via Bloomberg Television. The film delves into the story of FTX, a cryptocurrency exchange founded by disgraced Sam Bankman-Fried. It explores FTX’s journey to prominence, showcasing its innovative strategies, tactics, and eventual downfall. FTX’s rise and downfall “Ruin,” a feature documentary
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Following notable changes to the ARK 21Shares Spot Bitcoin ETF application, Bloomberg ETF analysts James Seyffart and Eric Balchunas have predicted that
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