Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY As Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange have reasons to believe they could actually recoup their money. Bankman-Fried, who could … Read more
Bitcoin marched higher to end the week, with its price breaching the $48,000 level for the first time since spot bitcoin exchange-traded funds began trading. The flagship cryptocurrency was last higher by more than 4% at $47,619.00, according to Coin Metrics. Ether advanced 3% to $2,511.90. Earlier, bitcoin rose to as high as $48,207.78 for … Read more
Bitcoin marched higher to end the week, with its price breaching the $47,000 level for the first time in almost two years. On Friday the flagship cryptocurrency rose more than 3% to $47,222.63, according to Coin Metrics, a level not seen since March 2022. Ether advanced nearly 3% to $2,498.98. Bitcoin trading volume and sentiment … Read more
The price of bitcoin rose above $45,000 for the first time since Jan. 11, when trading of U.S. spot bitcoin ETFs began. Bitcoin was last higher by nearly 3% at $45,391.18, according to Coin Metrics, pulling crypto-related stocks higher, although ether hovered at the flat line. The flagship cryptocurrency’s move came as shares of New … Read more
For eight years, Craig Wright has claimed to be the elusive Bitcoin creator Satoshi Nakamoto. On Monday, in the swelling heat of a UK courtroom, a trial began that will finally settle the question. Wright, flanked by his legal team, appeared relaxed during opening arguments, leaning back in his chair with one leg crossed over … Read more
A group of former customers of bankrupt crypto exchange FTX are rebelling against a proposed plan that would return the entirety of the money they lost. In a lawsuit filed this week, the customers argue they are due a whole lot more. The plan laid out by FTX in December to return customer funds does … Read more
Satoshi Nakamoto is the founding father of cryptocurrency—and a mystery. In October 2008, Nakamoto gave Bitcoin to the world. Then they disappeared. To this day, nobody knows who Nakamoto is. Amongst the speculation, one man stepped forward: Craig Wright, an Australian computer scientist who has, since 2016, maintained that he is Nakamoto. Now he’ll have … Read more
When more than $400 million worth of crypto was mysteriously pulled out of the coffers of what was once the world’s biggest cryptocurrency exchange, FTX, on the very day that it declared bankruptcy in November of 2022, many initially suspected insiders at the company—including, potentially, then CEO Sam Bankman-Fried, now convicted of fraud. But clues … Read more
Bitcoin is on course to advance for a fifth straight month in what would be the token’s longest such winning streak since a pandemic-era rally oiled by easy money. The largest digital asset has risen about 2% in January, a month of pronounced swings sparked by the rollout of the first US spot Bitcoin exchanged-traded … Read more
The book traces the following thesis: At first, the internet was open, but limited. Private companies brought interactivity to the web and grew fat on the proceeds, but that made it difficult for users to leave their networks and for competitors to enter the market. The concentration of power in the hands of Big Tech … Read more
