First of all, let me start by saying that I do own some of the big-cap cryptocurrencies, I am not as this article puts it, a degenerate or what others playfully call a “degen.” However, I have spoken to some of them and found how they operate within the playing …
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Prominent Democratic consulting firms have been making bank on the crypto industry’s new super PACs. Now that those groups are setting their sights on the Senate races in Ohio and Montana, a scenario that could destroy Democrats’ majority, will those consultants stay aboard the crypto gravy train? Political consulting is …
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Sometimes it becomes challenging for people who have entered the rabbit hole of crypto to explain to newbies what it is all about. What is the value of it? Then what they do is monitor the price movement of crypto and make their value judgment on that. The misunderstanding stems …
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This article was produced in collaboration withCourt Watch, an independent outlet that unearths overlooked court records. The dream of making a quick and easy fortune in cryptocurrency took yet another hit on Friday with the arrest of Rodney Burton, a.k.a. “Bitcoin Rodney,” a relentless promoter who sold himself as a …
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T iffany Fong stands among a gaggle of reporters in the gray tiled plaza of Daniel Patrick Moynihan Courthouse in downtown Manhattan. It is just past dawn, but members of the media are already queued up for the start of FTX founder Sam Bankman-Fried’s criminal trial. Fong, 29, takes periodic …
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On a Wednesday afternoon in SDNY’s courtroom 26A, Caroline Ellison cried on the witness stand after reading a text message she had sent to Sam Bankman-Fried last November. It was Ellison’s second day of testimony against Bankman-Fried, her former boss and boyfriend, who faces seven counts related to fraud. “That …
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The collapse of Sam Bankman-Fried’s $40 billion crypto empire shocked the world with its speed and scale. In mere days, the company he founded, FTX, fell from its perch as a top cryptocurrency exchange and filed for Chapter 11 bankruptcy. Customers who deposited funds on FTX — sometimes their life …
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The inside of the $40 million Bahamas penthouse where Sam Bankman-Fried lived was like a cross between a luxury dorm room and a jury-rigged trading floor. The curved marble living room was rimmed with computer desks, each supporting various configurations of conjoined monitors. Kitschy beach-themed decor lined the built-in display …
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A team of researchers have crunched the numbers to explain why you don’t see people hawking ugly cartoon apes on the internet as much anymore: NFTs, or non-fungible tokens, once vaunted as a revolution in crypto and digital art, are largely worthless. “Dead NFTs: The Evolving Landscape of the NFT …
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Sam Bankman-Fried, the disgraced wunderkind whose cryptocurrency exchange platform FTX imploded last November, will go from house arrest at his parents’ home to jail, a judge has ordered ahead of his trial on fraud charges. In a Friday hearing, Judge Lewis Kaplan of Federal District Court in Manhattan formally revoked …
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