Tag: cryptocurrency

FTX Founder Accused of Embezzling Customer Funds for Political Contributions

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been charged with stealing customer funds for political campaign donations. Prosecutors claim that Bankman-Fried used funds stolen from FTX sister company Alameda Research to make campaign contributions before the 2022 US midterm elections. He allegedly directed the money into the personal accounts of FTX executives, who […]

Is Solana (SOL) the Next Big Thing? Former Goldman Sachs Executive Weighs In

Former Goldman Sachs executive Raoul Pal believes that Solana (SOL) could follow a similar trajectory to Ethereum (ETH) during its bear market in 2018 and 2019. In an interview, Pal stated that SOL, which is his second largest cryptocurrency holding, has the potential for a dramatic recovery and reaching new highs, just like Ethereum did […]

Explained In 30 Seconds: Why Sam Bankman-Fried Is Finally Behind Bars After A Year

Former FTX CEO, Sam Bankman-Fried, finds himself in the Metropolitan Detention Center (MDC) in Brooklyn after his bail was revoked by Judge Lewis Kaplan. The MDC, known for its lack of comforts, is currently housing over 1,500 inmates, exceeding its capacity of 1,000. Bankman-Fried, who previously resided in a luxurious Stanford home, is expected to […]

Explained In Less Than 30 Seconds: Why Trump Holds Ethereum Worth $500K

According to a recent financial disclosure form, former president and potential 2024 Republican frontrunner, Donald Trump, holds between $250,000 and $500,000 in a cryptocurrency wallet. The wallet is connected to a line of non-fungible tokens (NFTs) that Trump’s campaign launched during his 2024 bid to return to the White House. These NFTs feature illustrations of […]

FTX CEO’s Freedom Derailed: Sam Bankman-Fried Faces Jail Time

The bail of Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, has been revoked by the Federal Court and he has been ordered to be sent to jail. Federal Court Judge Lewis Kaplan made this decision in response to allegations that Bankman-Fried, also known as SBF, had been attempting to intimidate witnesses related […]

Bitcoin’s Price to Skyrocket? Mark Yusko Expects New All-Time Highs

Bitcoin could potentially reach new all-time highs, according to Mark Yusko, founder of Morgan Creek Capital. He believes that two key catalysts will contribute to this surge: Yusko projects that the fair value of Bitcoin will be $100,000 by the middle of summer next year, bolstered by the halving. However, he suggests that the price […]

The X Factor: Musk’s Ambitious Plans for the Future of X

Elon Musk, CEO of X (formerly known as Twitter), has expressed his team’s dedication on X for transforming the platform into the best platform for creators worldwide. Our goal is to make this the best platform for creators around the world! https://t.co/hezPrYWmOp — Elon Musk (@elonmusk) August 11, 2023 In response, accounts focused on XRP […]

Fake Token Capitalizes on Lil Tay’s Tragic Demise

A cryptocurrency coin named Lil Tay was released shortly after the announcement of the death of 15-year-old influencer Claire Hope, who was known as Lil Tay. EXPLAINED: The Lil Tay coin was launched on the BNB Smart Chain with a total supply of 100 coins. While no one has claimed responsibility for the coin, Lil […]