The founder of FTX, Sam Bankman-Fried, has been convicted on seven counts of fraud and conspiracy. After a month-long trial in federal court in New York City, Bankman-Fried was found guilty of cheating investors and customers out of over $10 billion through FTX and his cryptocurrency trading firm, Alameda Research. The charges against him carry […]
XRP, the cryptocurrency associated with Ripple, experienced a significant surge in price, rising over 8% in the past 24 hours. This surge propelled XRP to become the fourth-largest cryptocurrency by market capitalization, temporarily displacing Binance Coin (BNB) from its position.The price rally appears to be a reaction to two key developments concerning Ripple. Firstly, the […]
A series of documents have been released in the United Kingdom regarding the regulation of stablecoins. The Financial Conduct Authority (FCA) and the Bank of England (BOE) have both published discussion papers on the topic. In addition, the BOE’s Prudential Regulatory Authority (PRA) has issued a letter to CEOs of deposit-taking institutions, and the BOE […]
