Sequoia Capital, a venture capital firm, has suffered a significant loss after investing nearly a quarter billion dollars into FTX, a cryptocurrency exchange. Alfred Lin, a partner at Sequoia Capital, accused FTX CEO Sam Bankman-Fried of deliberately misleading and lying to the firm. Lin reached this conclusion after conducting an extensive review of Sequoia’s due […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of fraud and conspiracy to commit fraud. The jury reached their verdict quickly after a short deliberation period. Throughout the trial, questions arose about how this situation could have been prevented and what can be done to avoid similar incidents in the future. Some argue […]
The Emirate of Abu Dhabi has established a comprehensive regulatory framework for digital ledger technology, positioning itself as the second crypto hub in the UAE alongside Dubai. The Registration Authority of Abu Dhabi Global Market (ADGM) has released the Distributed Ledger Technology (DLT) Foundations Regulations 2023, which aim to provide regulatory clarity for the crypto […]
Ripple has achieved a significant milestone in the XRP ecosystem with the official approval of its cryptocurrency for use within Dubai’s financial ecosystem. The Dubai Financial Services Authority (DFSA) has given the green light for licensed organizations in the Dubai International Financial Centre (DIFC) to utilize XRP as a virtual asset service. This approval will […]
The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, accusing the magazine of trademark infringement. The letter claims that Bitcoin Magazine used the term “FEDNOW” on its merchandise without the Federal Reserve’s consent. The Federal Reserve argues that this could cause confusion among consumers and make them believe […]
In the bustling city of Mumbai, a new chapter in the crypto industry is unfolding. Aditya Sharma, a former KYC analyst turned entrepreneur, is at the forefront of this revolution. Alongside his friend Gopal Mukherjee, Aditya co-founded Don Invest, a pioneering cryptocurrency consulting firm. Their mission? To guide people in making wise investments in digital […]
MachinaTrader is taking off! The past month has been a whirlwind of activity in the world of MachinaTrader. Here’s a quick summary of the key highlights: 1. Bullish Times and MachinaTrader Partnership 🤝 Bullish Times and MachinaTrader have united in a significant partnership. Bullish Times is a leading source for well-researched news, particularly in the […]
The recent downfall of Sam Bankman-Fried, the former CEO of the collapsed crypto exchange FTX, has significant implications for the industry. While Bankman-Fried has been found guilty of fraud and faces a potential prison sentence, this does not signify the end of the crypto industry. Bitcoin and Ethereum have already established themselves as asset classes […]
The U.S. Securities and Exchange Commission (SEC) has filed a motion for summary judgment in its case against Terraform Labs and its co-founder, Do Kwon. The SEC alleges that Terraform and Kwon orchestrated a fraudulent scheme that resulted in a $45 billion market loss. The regulator claims that Kwon was a key participant in Terraform’s […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion in customer funds, which he used for speculative purposes and to fund an extravagant lifestyle. The verdict, delivered by the jury, has exposed Bankman-Fried’s true intentions and shattered the […]
