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The Latest Breaking News from Cryptocurrency

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

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.

The Guardian - US

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Coinbase Q3 Revenue Beats Estimates Despite Decline

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

Zenger

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…

AnandTech

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

The Independent UK

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

Evening Standard

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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]…

Reason

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.

Zenger

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 Independent UK

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

The Guardian - US

Prosecutor grills Sam Bankman-Fried about his hair and tech genius persona – as it happened

Prosecutor appears to highlight Sam Bankman-Fried’s style as part of an eccentric tech whiz persona as part of a bigger ruse

The Guardian - US

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The Independent UK

FTX founder Sam Bankman-Fried testifies at his fraud trial

FTX founder Sam Bankman-Fried has begun testifying at his fraud trial, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and customers were hurt

The Guardian - US

Sam Bankman-Fried asked about co-living at FTX, ex-girlfriend and poker during fraud trial – as it happened

Lawyers for Bankman-Fried question him about the unusual housing and lifestyle habits of FTX employees

Fortune

How to spot a crypto scam

In the Wild West of cryptocurrency, the crossover between legitimate business and scam is sometimes too close to call.

The Guardian - US

Sam Bankman-Fried testifies in his crypto fraud trial without jury present

The CEO of the failed cryptocurrency exchange FTX is charged with seven counts of wire fraud and conspiracy to launder money

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Zenger

Bitcoin Dominance Hits 30-Month High As Cryptocurrency Market Cap Rises

Major coins trade mixed as Bitcoin breaches $35,000 level and global market cap reaches $1.27 trillion.

The Independent UK

Sam Bankman-Fried awaits chance to tell his side of story in epic cryptocurrency exchange collapse

Prosecutors have rested, setting the stage for Sam Bankman-Fried to tell a jury at a New York criminal trial his version of how his multibillion dollar cryptocurrency empire collapsed, causing billions of dollars in losses that the government blames on him

Evening Standard

Former cryptocurrency boss Sam Bankman-Fried will testify at trial, lawyer says

The FTX founder is accused of stealing billions of dollars from investors and customers

Fortune

Coinbase and MicroStrategy among crypto-linked stocks soaring as Bitcoin hits $35,000 for first time since 2022

The leading cryptocurrency just broke through $30,000 on Monday.

Zenger

Bitcoin ETF Progress Boosts Cryptocurrency Market Amidst Soaring Prices

BlackRock's iShares Bitcoin Trust listed on DTCC, positive indicators for SEC approval

Fortune

Spot Bitcoin ETF buzz carries top cryptocurrency closer to $31,000

The cryptocurrency had its highest weekly gain since June.

Zenger

Robert Kiyosaki Comments On Gold And Silver Pullback

Best-selling author advises on cryptocurrency investment strategies amidst precious metals decline.

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