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The Latest Breaking News on Crypto

Prosecutors Urge 40-50 Years For Crypto Fraudster Bankman-Fried

US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday.

International Business Times

Sam Bankman-Fried deserves 40 to 50 years for FTX fraud, prosecutors say

Manhattan prosecutors condemn former FTX chief’s ‘unmatched greed and hubris’ and seek long sentence for $8bn fraud conviction

The Guardian - US

'Craig Wrong': Satoshi Nakamoto 'Impersonator' Ruling Stirs Up Crypto Community On X

Craig Wright, who has been claiming for years that he created Bitcoin, isn't the person he says he is, according to a British judge Thursday – the ruling became a sensational topic on X (formerly Twitter) throughout the day.

International Business Times

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Money flowing out of London stock market at a record pace, new figures show

Of 17 European countries, only four have seen greater percentage outflows of money this year

Evening Standard

Worldcoin Asserts Orb Security Amid Spain Ban

Spain has become the latest country to move against allowing Worldcoin to continue using its iris scanning technology in the country, but the biometric crypto project is keen on clarifying how its technology works.

International Business Times

48% Of Crypto Owners Planning To Vote For Trump Over 39% For Biden: Poll

Most registered voters who own cryptocurrencies are planning to vote for former President Donald Trump in November, a new poll found, highlighting the potential of an emerging swing vote demographic to become a game-changer in the impending Biden-Trump rematch.

International Business Times

Block Inc. (SQ) vs. Morningstar (MORN) - Which Financial Stock Has Long-Term Growth Potential?

The financial sector is on the cusp of significant growth, driven by the high-interest rate environment, the rapid ascent of fintech solutions, and evolving consumer preferences. So, let us scrutinize leading financial stocks Block (SQ) and Morningstar (MORN) to identify which is best positioned for long-term growth.

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Bitcoin Not Invented By Computer Scientist Wright: Court

Australian computer scientist Craig Wright is not "Satoshi Nakamoto", the pseudonym used by the creator of the cryptocurrency bitcoin when it launched in 2008, a UK court ruled Thursday.

International Business Times

Australian computer scientist is not bitcoin creator Satoshi Nakamoto, high court rules

Judge says evidence for his conclusion that Craig Wright did not create bitcoin is ‘overwhelming’

The Guardian - UK

Bitcoin halving event: what is it and how does it affect prices?

A Bitcoin halving is on the horizon, but what does it mean and how will it affect Bitcoin’s value?

Evening Standard

Binance Lays Out 'Facts' In Nigeria Business Amid Executives' Detainment

Binance, whose two executives have reportedly been held in a Nigerian government property for about two weeks, said it has provided information to help the country's law enforcement agencies tackle financial crimes.

International Business Times

US Attorney's Office Moves To Recover $2.3M Stolen Crypto In 'Pig Butchering' Scheme

The U.S. government is looking to recover some $2.3 million worth of pilfered cryptocurrencies in a "pig butchering" scam that was initially found to target a Massachusetts resident, but was later found to have also victimized 36 others nationwide.

International Business Times

US retail sales bounce back in February; producer prices rise more than expected – as it happened

US data dampens expectations of early interest rate cuts

The Guardian - UK

Judge Denies Gemini-Genesis Bid To Dismiss SEC Lawsuit Over Crypto 'Earn' Program

The SEC has just scored a win in its lawsuit against Gemini and Genesis over the crypto firms' defunct Earn program that led to a billion-dollar loss for investors when the cryptocurrency market experienced a significant downturn late in 2023.

International Business Times

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International Business Times

Michael Saylor's MicroStrategy Seeks Another $500M To Buy More Bitcoins

MicroStrategy continues to pursue its Bitcoin buy strategy as the company announced another plan to purchase more of the cryptocurrency by offering $500 million in convertible senior notes.

International Business Times

Tether Helps US Retrieve $1.4 Million Worth USDT From Customer Support Scam

Tether has demonstrated its commitment to combating financial fraud by collaborating with U.S. law enforcement agencies to recover more than a million USDT from a customer support scam network.

AAP

ASIC loses case over comparison site's crypto service

Finder has successfully defended a lawsuit brought by the corporate regulator, which was seeking penalties over its crypto asset-related product.

International Business Times

Once Bankrupt Core Scientific Mines $1.4B Worth Bitcoin In 2023

Core Scientific has bounced back from its bankruptcy in late 2022 due to the slump in Bitcoin prices to mine Bitcoin worth around $1.4 billion in 2023.

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International Business Times

Binance Confirms 2 Executives Still In Nigeria Amid Two-Week Detainment Report

Binance confirmed Wednesday that two of its executives were still in Nigeria more than two weeks after they flew in to discuss the government's ban on crypto trading platforms.

International Business Times

El Salvador's Nayib Bukele Hails Country's Millions In Bitcoin Profits

President Nayib Bukele has been a Bitcoin bull for years and continued believing in the cryptocurrency's potential even when prices were in the lows late in 2022.

International Business Times

Court Modifies Ex-Binance CEO's Bond Conditions, Orders Passport Surrender

Changpeng Zhao's bond conditions for release have been modified by the court, and he is now prohibited from traveling within the continental U.S. unless he notifies the Pretrial Services Agency.

International Business Times

Crypto Mixer Bitcoin Fog Founder Found Guilty Of Money Laundering

Roman Sterlingov, which the DOJ accused of operating Bitcoin Fog, has been found guilty of money laundering and other related charges following his 2021 arrest in a case that has raised concerns about law enforcement's conviction methods.

International Business Times

Most Markets Track Wall St Gains As US Data Fails To Damp Rate Hopes

Asian markets mostly rose in line with Wall Street on Wednesday as forecast-beating US inflation data did little to dent expectations that the Federal Reserve will begin cutting interest rates this year.

International Business Times

Wall Street Is Turning Bitcoin Into An 'Asset,' But It Has Yet To Explain A Couple Of Things To Investors

"The SEC's approval of a spot Bitcoin ETF renders the asset class an accredited financial product, making it far more accessible to the masses," Jesper Johansen, Founder and CEO of Northstake, said.

International Business Times

FDIC Blasts SEC's Controversial SAB 121 Bulletin Targeting Crypto Custodians

The FDIC's vice chair had very sharp words for a staff accounting bulletin of the SEC that has raised concerns about the bulletin's implications on custodial service providers.

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