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The Latest Breaking News from Cryptocurrency

Scams: Senior Investors Targeted As Crypto Payment Use Grows

Crypto investment scams are climbing, costing senior victims about $35,000 each last year, the FBI reports.

Kiplinger

How did Sam Bankman-Fried attract investors? Well, Fomo probably helped

The cryptocurrency fraudster talked a lot of venture capitalists into pouring millions of dollars into his business. Maybe they should be more careful next time

The Guardian - UK

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

WEKU

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Bitcoin- Will Cryptos Continue to Rally?

Bitcoin broke out to the upside in October. After recovering and consolidating throughout most of 2023, the leading cryptocurrency moved to a new high for the year. At over the $35,000 level in early November, the trend has turned bullish, and higher prices could be on the horizon.

Barchart

Crypto Market Confined To Price Corridor As Bitcoin Remains Stuck In Price Maze

Bitcoin (CRYPTO: BTC) is headed toward a phase where the cryptocurrency could be confined within a specific price corridor

Zenger

French FTX cryptocurrency clients welcome Bankman-Fried guilty verdict

French victims of the collapse of the FTX cryptocurrency exchange were pleased with the guilty verdict handed down to founder Sam Bankman-Fried by a jurry in New York, even as they have yet to see any of their money recovered from the collapse of the company a year ago.

Radio France Internationale

107,000 Repurposed Crytpomining GPUs Up for Rent for AI workloads

Io.net allows cryptocurrency miners to repurpose their GPUs for AI workloads.

Tom’s Hardware

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Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than…

The Conversation

Was crypto on trial with Sam Bankman-Fried?

Binance and Coinbase are under investigation – but bitcoin was trading at highest value in a year as FTX founder convicted of fraud

The Guardian - US

This fake ledger app on the Microsoft Store may have stolen over half a million dollars worth of crypto

According to a new post, There was a fake ledger app on the Microsoft store that has stolen $588,000 so far in Bitcoin.

Windows Central

Bankman-Fried's trial exposed crypto fraud but Congress has not been eager to regulate the industry

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the crypto industry

The Independent UK

Disgraced 'crypto king' Sam Bankman-Fried found guilty of fraud

Sam Bankman-Fried has been found guilty over his role in the collapse of FTX, the cryptocurrency exchange he founded. He's been convicted of seven counts of fraud and conspiracy and will be sentenced in March 2024. Also, Apple is suffering its most prolonged sales slump in more than a decade.…

France 24

From crypto king to convicted fraudster: Sam Bankman-Fried’s spectacular fall from grace

The once-hailed ‘boy wonder’ of the crypto industry rose to prominence after founding trading firm Alameda Research in 2017 at the age of 25. So what went wrong? Bevan Hurley looks back at Bankman-Fried’s remarkable rise – and even more dramatic fall as he begins his 25-year prison sentence

The Independent UK

FTX fraudster Sam Bankman-Fried may die behind bars as he’s convicted of all charges

Cryptocurrency founder was once worth $26bn

The Independent UK

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The Guardian - US

Sam Bankman-Fried trial: former crypto star facing up to 110 years after being found guilty of fraud - as it happened

Sentencing set for March 2024 after weeks-long trial saw his inner circle turn against him. This blog is now closed.

Zenger

Coinbase Q3 Revenue Beats Estimates Despite Decline

Cryptocurrency trading platform reports $674M in total revenue, surpassing Street consensus

AnandTech

Samsung's Next-Gen 3nm and 4nm Nodes on Track for Mass Production in 2H 2024

Samsung is set to start making chips using its 2nd Generation 3nm-class (SF3) manufacturing technology as well as performance-enhanced version of its 4nm-class (SF4X) fabrication process in the second half of next year, the company told its investors this week. Both production nodes are expected to significantly improve competitive positions…

The Independent UK

Jury begins deliberating fate of FTX founder Sam Bankman-Fried

A New York jury has begun deliberating whether FTX founder Sam Bankman-Fried was guilty of fraud in the disappearance of billions of dollars from his customers' accounts on the cryptocurrency exchange

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Evening Standard

It's time for the UK to forge its own crypto future

City Voices: There are big benefits that the growth of cryptocurrency can bring for the UK

Reason

Government Blocking of "Tornado Cash" Cryptocurrency-Related Service Was Legal, Didn't Violate First Amendment

From Monday's opinion by Judge T. Kent Wetherell, II (N.D. Fla.) in Coin Center v. Yellen (for a similar decision, see this August post about Van Loon v. Dep't of Treasury): Plaintiffs argue that [the government's restriction on the use of] Tornado Cash [a mechanism for further anonymizing cryptocurrency transactions]…

Zenger

Buffett’s Bitcoin Criticism Backfires As Cryptocurrency Outperforms Berkshire Hathaway

Investors who defied Warren Buffett's advice and bought Bitcoin have seen a 246.3% return, outperforming Berkshire Hathaway.

Zenger

Cryptocurrency Market Sees Diverse Performance Amid Bitcoin ETF Optimism

BTC rallies to 17-month high as investors await potential approval of Bitcoin ETFs in the US.

The Independent UK

Closing arguments next in FTX founder Sam Bankman's fraud trial after his testimony ends

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments

The Guardian - US

Sam Bankman-Fried wraps up testimony as fraud trial nears end

Prosecutors press Bankman-Fried on how Alameda Research, sister hedge fund to FTX exchange, spent $8bn of customer funds

The Guardian - US

Sam Bankman-Fried denies messy hair part of ‘tech genius’ persona during trial

Disgraced former CEO of crypto exchange FTX admits to disparaging regulators on third day of testimony

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