Bitcoin

Elon Musk and Mark Cuban agree on one thing: Dogecoin is no longer a joke

Mark Cuban warned Elon Musk on X that Donald Trump is only loyal to himself. At Williamsburg Pizza in New York, there is only one cryptocurrency you can use to pay for your pie: Dogecoin.You can also use the memecoin to buy a beer and the “famous wings,” or maybe a “Barry Bonds Homerun Baked Potato,” at the University Sports Grill in Tempe, Arizona. And even the most high-profile fan of Dogecoin, Elon Musk, has floated the idea of once again acc...

FTX founder Sam Bankman-Fried jailed after bail revoked

NEW YORK: A US judge on Friday canceled Sam Bankman-Fried's bail, citing reasonable suspicion that the charged creator of the insolvent FTX cryptocurrency exchange had attempted to influence witnesses on at least two occasions.The verdict was delivered by US District Judge Lewis Kaplan during a hearing held in a federal court in Manhattan, a mere two months ahead of the planned October trial for fraud."He has already - without violating any other...

Quick Sam Bankman-Fried verdict is unusual for big white-collar case

NEW YORK: A jury convicted FTX co-founder Sam Bankman-Fried within hours of beginning deliberations, an unusually swift verdict after a monthlong trial in a complex white-collar case.Bankman-Fried was standing, holding his hands in front of him and looking at the jury box, as he listened to the verdict. He was led out of the courtroom a few minutes later as his parents watched from the front row of the public gallery.His father, Joseph Bankman, d...

Sam Bankman-Fried will not face a second trial

NEW YORK: US prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange.In a letter filed on Friday night in federal court in Manhattan, prosecutors said the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.Prosecutors s...

Binance crypto founder Changpeng Zhao sentenced to four months in prison

Binance founder Changpeng Zhao was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.Zhao, 47, was sentenced Tuesday by US District Judge Richard Jones in Seattle. Dressed in a dark suit with a light blue tie, the billionaire arrived in court flanked by half a dozen lawyers.His mother and sister watched his sentencing from the front r...
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