Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, according to local reports citing the country’s attorney general Ryan Pinder. According to Pinder, SBF’s arrest “followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.” FTX Co-Founder Sam Bankman-Fried Is in Custody in…
On Dec. 9, 2022, Twitter’s owner Elon Musk told the public that the social media company plans to purge 1.5 billion accounts. Musk further added that the deletions would be obvious accounts that have no tweets or they haven’t logged in for years. However, after Musk announced this plan, a great number of cryptocurrency proponents have grown concerned that Hal…
The disgraced ex-CEO of FTX Sam Bankman-Fried has been arrested in the Bahamas, according to a statement from the Royal Bahamas Police Force. Bankman-Fried, also known as SBF, was arrested following “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition,” the statement read. The US Attorney’s…
Around 13% of the American population — or 43 million people — have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed. According to a Dec. 13 report titled: “The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” this number has risen dramatically since before 2020 when the figure was only around 3%. The…
Sam Bankman-Fried, the former CEO of the cryptocurrency exchange has been arrested and taken into custody by authorities in The Bahamas. According to a letter from the Office of the Attorney General on Dec. 12, Bankman-Fried was arrested by The Royal Bahamas Police Force following formal notification from the United States that it has filed criminal charges against SBF. This is…
In brief MNTGE is a new digital fashion startup that specializes in recreating metaverse wearables from real vintage clothing. The firm’s Day One NFT pass launches on Wednesday, offering access to designer Sean Wotherspoon’s upcoming drop and other benefits. Vintage apparel and NFT collectibles are very different products, but both have fueled secondary markets with value defined in part by…
It’s been a near-unprecedented year of extremes and black swan events for the crypto market, and now that 2022 is about to wrap up, analysts are reflecting on the lessons learned and attempting to identify the trends which may point to bullish price action in 2023. The collapse of Terra Luna, Three Arrows Capital and FTX created a credit crunch,…
Coinbase has seen information requests from law enforcement surge over the past year, the cryptocurrency exchange reported in its latest transparency report. The vast majority of the enquiries came from the United States and were tied to criminal investigations. Coinbase’s new transparency report covers the last four quarters ending with September. In that time, the exchange received 12,320 information requests…
As of 2022, more than 30 million Brazillian citizens have no bank accounts, and no credit or debit cards. What’s wrong here? For roughly a decade, Brazil has been passing legislation aimed at changing the situation. However, the results have fallen short of expectations. To better understand the reason, let’s take a step back to look at a historical perspective.…
Chinese authorities operating out of the Mongolian city of Tonglio announced the arrest of 63 people involved in a massive money laundering scheme that had netted $1.7 billion in cryptocurrency using the Tether stablecoin. According to the statement from law enforcement, the investigation began when a significant spike in deposits totaling over 10 million yuan hit a local bank, triggering…
