Tag Archives: ftx

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Randall Crater – the founder of defunct crypto business My Big Coin – was sentenced to eight years in prison for defrauding both customers and investors out of millions of dollars. Randall Crater Is Heading to Prison U.S. District Judge Denise Casper in Boston oversaw the case involving Crater and his now failed company. Initially, prosecutors sought as many as 13 years in jail for the former crypto executive. The goal was to make an example of him and make any other...

The United Kingdom and its finance ministry is planning to lay the groundwork for new digital currency regulations following the collapse of popular digital currency exchange FTX. The United Kingdom Doesn’t Want Another FTX in the Books Financial Services Minister Andrew Griffith commented in a recent interview: Our view is that this reinforces the case for clear, effective, timely regulation and proactive engagement with [the] industry. This includes a proposal to bring...

Cathie Wood of Ark Investment Management said that she feels bitcoin – the world’s number one digital currency by market capitalization – could wind up hitting a price of $1.5 million by the year 2030. Cathie Wood Is Predicting Big Things for BTC This is a tad different from the comments she made in early January of this year. During that time, Wood was confident that bitcoin would only reach a price of $1 million by the year 2030. Now, it looks like she’s upping the...

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FTX – the now defunct crypto exchange that was previously run by founder and head executive Sam Bankman-Fried – is suing former crypto lending platform Voyager Digital for nearly $500 million. FTX and Voyager Are Now at Odds Voyager Digital filed for bankruptcy back in the summer of 2022. The company collected (allegedly) nearly $250 million from the former digital exchange in September, plus an additional $194 million about a month later. FTX also made interest payments...

2023 is slated to be – according to various analysts – the year in which bitcoin and the crypto market heal themselves, but per Galaxy Digital CEO Mike Novogratz, things aren’t going to work out that way. Mike Novogratz: Not Much Will Happen This Year The bitcoin bull says that while 2023 will open the door to some of the healing these analysts expect to see, we aren’t going to witness any serious bull runs, nor will the digital asset space endure serious levels of...

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