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[ad_1] FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all seven counts he faced after … Read more
[ad_1] BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX‘s collapse. Jersey City, New Jersey-Based BlockFi will continue to pursue additional payments through the bankruptcies of other crypto companies including FTX and Three Arrows Capital under a bankruptcy plan approved in court last month. … Read more
[ad_1] Bankrupt crypto exchange FTX received US court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in US dollars and minimize risks related to price volatility in crypto markets. US Bankruptcy Judge John Dorsey approved FTX’s proposal at a court hearing in Wilmington, Delaware, allowing … Read more
[ad_1] Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about … Read more
[ad_1] Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, on Tuesday, said he never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him. In a letter to US District Judge Lewis Kaplan in Manhattan, Bankman-Fried said prosecutors mischaracterised his intentions in giving a … Read more
[ad_1] Less than a week after its launch, the Worldcoin crypto project of OpenAI chief executive Sam Altman is already under scrutiny by European regulators over its reliance on an eye scan to verify a user’s identity, France’s data protection agency said Friday. Worldcoin’s launch on Monday comes as the cryptocurrency industry is suffering hard … Read more
[ad_1] Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case. The letter, released on Sunday, came after prosecutors sought to bar Bankman-Fried … Read more
[ad_1] The US Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft’s $69 billion (nearly Rs. 5,67,00 crore) acquisition of video game maker Activision Blizzard, hours after a federal judge rejected a similar request. The deal is facing varying responses around the world from regulators. [ad_2] #MicrosoftActivision #Acquisition #Deal #Challenges