NEW YORK: Sam Bankman-Fried, the co-founder of FTX, told a New York court he was aware that Alameda Research hadn’t taken steps to properly hedge its risk even as he approved billions of dollars of investments before both companies collapsed last year.Assistant US Attorney Danielle Sassoon used Bankman-Fried’s past interviews and other statements to undermine his attempts to distance himself from decisions at the hedge fund, which was affiliated ...
Bhutan’s investment arm and Bitdeer Technologies Group are planning to ramp up their Bitcoin mining operation to help offset the revenue impact of an upcoming event known as the halving. The partnership between Druk Holding & Investments and Nasdaq-listed crypto mining firm Bitdeer aims to invest in boosting Bhutan’s mining capacity sixfold through the introduction of cutting-edge hardware. The planned upgrades will increase the Himalayan kin...
US Bitcoin exchange-traded funds have posted their longest run of daily net outflows since listing at the start of the year, part of a wider retreat from riskier assets in a challenging period for global markets.Investors pulled close to $1.2 billion in total from the group of 12 ETFs over the eight days through Sept. 6, data compiled by Bloomberg show.The drop comes amid a rocky period for shares and commodities on economic growth worries.Mixed ...
It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud. In a flurry of enforcement activity, the US Department of Justice, Securities and Exchange Commission, Commodity Futures Trading Commission, and the Federal Trade Commission all filed lawsuits against both Mashinsky and Celsius itself. Allegations against ...
