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Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues

[Dec 23, 2022 1:00 PM] With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running.

FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock

[Dec 23, 2022 12:30 PM] Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to…

FTX Token Jumps 65% As SBF Returns Home, Can FTT Hold The Gains?

[Dec 23, 2022 11:00 AM] FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the…

Rating agencies, not regulators, can rebuild trust in crypto after FTX

[Dec 22, 2022 4:47 PM] Private rating agencies could work better and more quickly than regulators when it comes to reviewing businesses in the cryptocurrency industry.

SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security

[Dec 22, 2022 4:00 PM] On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key…

FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

[Dec 22, 2022 2:30 PM] After evaluating several law firms, FTX's unsecured creditors' committee has chosen a legal adviser.

SBF sent home after his parents put up their house to cover his astronomical bail bond

[Dec 22, 2022 1:51 PM] The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond.

SBF received special treatment inside Bahamian jail: Report

[Dec 22, 2022 11:15 AM] Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV, and vegan food.

Third parties could return FTX funds directly to customers: Law firm

[Dec 22, 2022 10:18 AM] According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.

Alameda's Caroline Ellison escapes potential 110-year prison term via plea deal

[Dec 22, 2022 4:00 AM] Former Alameda Research CEO could be released on $250,000 bail, but she's not allowed to leave the United States.

FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds

[Dec 21, 2022 9:04 PM] On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that…

Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

[Dec 21, 2022 8:38 PM] Both former executives of FTX and Alameda Research have been charged for their role in the frauds that led to FTX's collapse.

Crypto could spark the next financial crisis, says India’s RBI head

[Dec 21, 2022 8:10 PM] Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.

Sam Bankman-Fried is one step closer to US extradition: Report

[Dec 21, 2022 11:12 AM] Officials from the U.S. Embassy, FBI, and U.S. Marshals Service were reportedly in attendance to witness the former FTX CEO waiving his right to a formal extradition process.

Bitcoin Drops To Monthly Low As Year-End Approaches, More Impulsive Decline?

[Dec 21, 2022 1:59 AM] Bitcoin moved closer to the $17,000 level on Tuesday. The digital currency dropped to $16,400, its lowest level in the last three weeks. As year-end approaches, BTC could face high volatility and low liquidity. Bitcoin Hit A Brief Surge Bitcoin…

What blockchain analysis can and can't do to find FTX's missing funds: Blockchain.com CEO

[Dec 20, 2022 10:42 PM] Peter Smith said the hardest thing to trace was the funds that enter the banking system.

SBF signs extradition papers, set to return to face charges in the US

[Dec 20, 2022 6:36 PM] The FTX founder has reportedly signed on the dotted line, bringing him a step closer to returning to US soil.

Who has returned donations or contributions from FTX amid the firm’s reputational risks?

[Dec 20, 2022 3:30 PM] Politicians and news organizations have reportedly planned to return roughly $6.6 million in donations from FTX — a mere fraction of the crypto exchange's estimated contributions.

Auros Global expects to resume regular operations following restructuring plan

[Dec 20, 2022 12:12 PM] The crypto trading firm reportedly suffered a $20 million dollar exposure in the FTX collapse.

3 reasons why BNB price risks another 30% decline by January

[Dec 20, 2022 8:05 AM] BNB has entered the breakdown stage of its prevailing ascending triangle pattern alongside some negative fundamentals that can push price further down.

Busan city drops global crypto exchanges from its digital exchange plans

[Dec 20, 2022 3:43 AM] FTX was one of the key exchange partners for Busan city, but its recent collapse made the administration reconsider its plans of onboarding third-party crypto exchanges.

‘Visibly Shaking’ FTX Co-Founder Hammers out a ‘Wasted Day’ in Court as Bahamian, US Legal Team Prep for Extradition

[Dec 20, 2022 3:30 AM] FTX co-founder Sam Bankman-Fried (SBF) had a difficult day in court on Monday according to a number of accounts that said SBF’s local attorney seemed to be in conflict with his U.S. legal team. Furthermore, courtroom reports noted that SBF dozed…

BlockFi files motion to return frozen crypto to wallet users

[Dec 19, 2022 11:59 PM] Crypto lender BlockFi has asked a U.S. bankruptcy court for the authority to return the crypto held in BlockFi wallets to users.

FTX warns it will claw back political donations and contributions

[Dec 19, 2022 9:59 PM] The exchange warned those who received payments from FTX or its former executives that it's looking to recover funds even if they were donated to charity.

Sam Bankman-Fried agrees to US extradition 'to put the customers right': Report

[Dec 19, 2022 4:01 PM] The former FTX CEO attended an emergency hearing of the Bahamas Magistrate Court just hours earlier, returning to prison following the event.

Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.

[Dec 19, 2022 2:00 PM] The entrepreneur reportedly reconsidered his earlier decision to contest extradition and now would be able to appear in a United States court.

Sam Bankman-Fried wants to see indictment before extradition to US: Report

[Dec 19, 2022 11:43 AM] Authorities in the Bahamas have had the former FTX CEO in custody since Dec. 12, shortly before he was denied bail.

The Dangers Of Paper Bitcoin

[Dec 19, 2022 7:31 AM] The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.Are you keeping bitcoin on an exchange? Let me tell you a story about what happens when you, and others, leave your…

What is crypto market capitulation and its significance

[Dec 19, 2022 4:20 AM] Cryptocurrency market capitulation revolves around investors' fears of further losses in a seemingly never-ending downward spiral, but it's also the period of maximum opportunity.

Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried

[Dec 18, 2022 9:00 PM] Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence…