In 2022, a proposed class action lawsuit was filed in Florida accusing David, Bankman-Fried and other FTX celebrity backers including NFL quarterback Tom Brady and supermodel Gisele Bundchen of defrauding investors who lost money when the cryptocurrency exchange collapsed.
UPDATE 3-FTX abandons efforts to restart its crypto exchange
By Dietrich Knauth NEW YORK, Jan 31 (Reuters) - FTX has abandoned efforts to restart its crypto exchange, instead opting for a liquidation that should repay customers in full, a company attorney said on Wednesday.
Japan’s Aozora Tumbles 19% to Three-Year Low on US Property Loss
Japanese lender Aozora Bank Ltd. extended its losses on Friday, plummeting as much as 19% to the lowest since Feb. 2021. The stock tumbled by its daily limit Thursday on losses tied to US commercial ...
How Much Power Does Crypto Use? The Government Wants to Know
The mining of bitcoin and other cryptocurrencies uses a lot of electricity -- more than many countries. Are you paying for it on your power bill?
Genesis reaches $21 million SEC settlement in bankruptcy wind-down
Crypto lender Genesis Global has settled a U.S. Securities and Exchange Commission lawsuit over its defunct Gemini Earn lending program, agreeing to a $21 million fine that will be paid only if Genesis is able to fully repay customers in its bankruptcy.
Top Crypto Gainers Today Feb 1 – Render, Aptos, ApeCoin, Immutable
ApeCoin increased by 8.49% to reach $1.509693, catapulting it into the top crypto gainers today. Alongside, investors traded about $427.19 million in volumes, indicating significant activity. In ...
Larry David says he was an ‘idiot’ for starring in an FTX crypto ad in 2022
The commercial was made by FTX, which was started by Sam Bankman-Fried. Back then, Bankman-Fried was a rockstar crypto leader, but in 2023 he was convicted of fraud. The ad debuted during the 2022 ...
Crypto firm Polygon Labs to cut 60 jobs in fresh round
Cryptocurrency firm Polygon Labs plans to cut 60 jobs globally, or about 19% of its workforce, the company said in a blog post on Thursday, marking a second round of layoffs amid a nascent recovery in ...
ZetaChain Price Prediction: ZETA Pumps 66% On Debut As Analysts Say This Meme Coin Presale Might Be The Next Crypto To Explode
This bullish thesis may be invalidated if ZETA falls below the immediate support level at $0.8815. In this alternative scenario, the ZetaChain price may drop to the subsequent support level at $0.7645 ...
Fed Chair Powell Has Quietly Primed Bitcoin And Crypto For A Huge $3.3 Trillion Price Boom
Federal Reserve chair Jerome Powell has held U.S. interest rates steady but primed the market for a cut this year, something that could help the bitcoin price to ...
Bankrupt Crypto Lender Genesis Settles SEC’s Earn Lawsuit
Genesis Global Holdco LLC has struck a deal with US regulators to end a civil lawsuit that accused the bankrupt crypto lender of breaking securities rules through its now terminated Gemini Earn ...
U.S. Drilling Down on Crypto Miners’ Energy Use Draws Ire From Community
The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S.
Indonesian markets rattled by election uncertainty, finmin’s future
Indonesian markets, after a period of relative calm, are showing signs of concern about the prospect of a drawn out national election and the possibility of the country's highly regarded finance ...
Digital Core REIT reports FY2023 DPU of 3.7 US cents, 15.9% below forecast
Digital Core REIT (DCREIT) DCRU 0.00% has reported a distribution per unit (DPU) of 3.70 US cents for FY2023 ended Dec 31, 2023, 15.9% below forecast and a 7.0% drop from its FY2022 DPU of 3.98 US ...
Bitcoin At $42,000, But: ‘Down To Consolidation’ Most Likely For Former ARK Invest Crypto Lead
Former ARK Invest crypto lead Chris Burniske doubles down on his mid-$20,000 Bitcoin prediction, citing consolidation as most likely. Miners starting to sell and funding rates diving deeper into negative territory signal derivatives are more bearish than spot.
A $560 Billion Property Warning Hits Banks From NY to Tokyo
The US commercial real estate market has been in turmoil since the onset of the Covid-19 pandemic. But New York Community Bancorp and Japan’s Aozora Bank Ltd. delivered a reminder that some lenders ...