NEW YORK: For the last eight months, Sam Bankman-Fried has been cooped up in his childhood home in Palo Alto, a 3,000-square-foot house, with a backyard and the company of his parents.But the FTX co-founder is now locked up inside Brooklyn’s Metropolitan Detention Center, a notorious facility for defendants awaiting trial on federal charges. Bankman-Fried’s $250 million bail package was revoked last week after Judge Lewis A. Kaplan in Manhattan f...
Bitcoin surpassed $45,000 for the first time in nearly two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified.The cryptocurrency jumped as much as 5.2% to its highest level since April 2022 and traded at $45,443 as of 7am New York time. Other tokens also advanced with Ether, the second biggest, rising as much as 4.1%. Bitcoin has risen almost 20% since the start of December as a Jan...
Coinbase Global Inc, the largest US crypto exchange, is experiencing a system outage.The company notified users on its website at 12:19pm Singapore time on Tuesday, assuring them that their funds were safe. Over two hours later, Coinbase said in an update that it is “seeing some services recover” but is still working on fixing the issue, adding that customers may still experience “connectivity problems.”Crypto prices have fallen since the outage ...
Bitcoin last traded at $70,000 in July, and reached an all-time high of almost $74,000 in March. Bitcoin bulls are setting their sights again on the record highs reached in March with optimism building around riskier assets and the looming US elections. “After six months of price consolidation this year, the stage is set for a perfect storm in favor of Bitcoin and other crypto assets,” wrote Blockforce Capital’s Brett Munster. He cited a rise i...
