cryptocurrencies

FTX advisor and Alameda CEO Caroline Ellison gets two years in prison
25 Sep

FTX advisor and Alameda CEO Caroline Ellison gets two years in prison

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A US district court judge sentenced Caroline Ellison, the former advisor and ex-girlfriend to the convicted crypto fraudster and FTX founder Sam Bankman-Fried, to two years in prison. reported Ellison’s sentence for her role in the $8 billion in fraud committed by the FTX crypto exchange that sent for 25 years back in March. Ellison will also have to serve three years of supervised release once she’s finished her prison sentence.Ellison pled guilty at the end of 2022 to just as Bankman-Fried was being extradited to the US from the Bahamas. US Securities and Exchange Commission (SEC) Director of Enforcement…
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Coinbase Returns to Hawaii Seven Years After Exiting Market
13 Aug

Coinbase Returns to Hawaii Seven Years After Exiting Market

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After a seven-year absence, Coinbase Global Inc. said it will resume offering crypto services to residents of Hawaii, the only state where it didn’t operate. The biggest US digital-asset exchange credited changes in local regulatory guidance with its decision to return to the Aloha State, which is home to about 1.4 million people. Hawaiians will now be able to trade cryptocurrencies and earn interest on their holdings through staking, a process where tokens are used to facilitate blockchain transactions, the San Francisco-based company said in a blog post Tuesday. Source link lol
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Coinbase Shares Gain After Court Limits SEC Award in Ripple Case
08 Aug

Coinbase Shares Gain After Court Limits SEC Award in Ripple Case

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Coinbase Inc. shares rose after a federal court ruled that Ripple Labs Inc. pay a fraction of what the US Securities and Exchange Commission sought in a civil suit, a decision that bodes well for the biggest US crypto exchange’s case with the agency.Coinbase’s shares are up about 7% to around $191 on Thursday, a day after the court said that Ripple had to pay a penalty of $125 million. The SEC sued for almost $2 billion to punish Ripple for raising money without registering its token as a security in 2020. Source link lol
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People Are Using Memecoins to Bet on the US Election
29 Jul

People Are Using Memecoins to Bet on the US Election

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On July 13, as word spread that a would-be assassin had narrowly missed killing Donald Trump at a rally in Butler, Pennsylvania, a trading frenzy began. Within an hour of the shooting, the price of TRUMP, a cryptocurrency inspired by the former president, had jumped up by more than a third, from $6.34 to $8.69. The memecoin was, in effect, a bellwether for the upcoming US election.Tens of political memecoins have been created within the past year; there also are coins modeled after high-profile politicians such as Joe Biden, Kamala Harris, Robert F. Kennedy Jr., and Alexandria Ocasio-Cortez. They share…
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Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful
27 Jul

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

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Former president Donald Trump has outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday.Trump announced that if he is elected, he will create a strategic bitcoin reserve in the US. “It will be the policy of my administration to keep 100 percent of all bitcoin the US government currently holds or acquires in the future…as a core of the strategic national bitcoin stockpile,” he said.Right now, the US government owns more than 210,000 bitcoins that were seized via illegal operations like the…
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