Sam Bankman-Fried, previously leading FTX as its CEO, has asked to continue his imprisonment at the Metropolitan Detention Center in Brooklyn. His attorneys submitted this application on April 8 in the Southern District of New York. The petition follows a 25-year sentence handed down for various felony offenses. Bankman-Fried’s legal team believes that remaining in … Read more
In response to increasing investor interest in securing losses while still having the chance for higher returns, Fidelity Investments has introduced three new exchange-traded funds (ETFs): Fidelity Dynamic Buffered Equity Fund (FBUF), Fidelity Protected Equity Fund (FHEQ), and Fidelity Enhanced Yield Equity Fund (FYEE). These actively managed ETFs aim to provide a core equity investment, … Read more
Ripple Labs Inc., the company behind the crypto payment platform Ripple, has once again alerted its users to exercise caution. Specifically, they should be wary of suspicious email links and deepfaked content. Basis for The Ripple Labs Warning To provide some background, Ripple recently released a video on platform X, illustrating how fraudsters have deceitfully … Read more
Coinbase, a well-known cryptocurrency exchange, has been recognized by the Financial Crimes Enforcement Network (FinCEN) for its role in helping with criminal probes. Paul Grewal, Coinbase’s Legal Officer, announced this on April 11 via a post on their platform (previously Twitter), sharing an authentic FinCEN letter. FinCEN Stresses Compliance Coinbase played a role in helping … Read more
Sam Bankman-Fried, ex-CEO of the collapsed FTX cryptocurrency exchange, has submitted an appeal to the 2nd US Circuit Court of Appeals in Manhattan against his conviction and 25-year prison term for involvement in an $8 billion scam. This filing initiates a potential prolonged legal conflict. The Appeal Process Begins Previously wealthy and well-known in the … Read more
Coinbase International, the global division of a renowned cryptocurrency trading platform, introduces Pepe (PEPE) perpetual futures starting April 18th. This significant advancement marks an essential milestone in their continuous growth. With these funds, traders can now handle ongoing price fluctuations without worrying about expiration dates. Pepe perpetual futures enable speculative trading based on anticipated price … Read more
Five years ago, the controversy surrounding Craig Wright’s claim to be Satoshi Nakamoto, the mysterious creator of Bitcoin, reached its conclusion with the involvement of a Norwegian Bitcoiner. In simpler terms, the long-standing dispute between Craig Wright and the Bitcoin community over his true identity has been resolved after a Norwegian Bitcoiner was involved in … Read more
Cathie Wood’s investment company, Ark Invest, has been aggressively investing in cryptocurrencies and artificial intelligence. In their recent financial report, Ark revealed that they now own shares in OpenAI, the organization behind ChatGPT. Ark Invest’s OpenAI Investment Disclosure On Thursday, April 10, Ark Invest announced to its clients that their $54 million venture capital fund, … Read more
Bitcoin and Ethereum prices experienced a modest recovery but remain under pressure due to waning price momentum. Today, options worth approximately $2.5 billion for both cryptocurrencies are about to expire. The volatility leading up to Bitcoin‘s halving has intensified, with traders anticipating minimal upward movement amid external factors and large-scale selling by major investors. Bitcoin … Read more
Recently, Solana has once again made headlines due to disagreements between some projects built on its chain. Specifically, there have been conflicts between MarginFi, a Solana-based lending and borrowing protocol, Solend, another lending platform, and SolBlaze, a liquid staking solution. During the commotion, MarginFi’s chief executive officer and creator resigned following controversy over some questionable … Read more