Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
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Cryptocurrencies Like Bitcoin are Not Real Money: German Parliament
Cryptocurrencies such as Bitcoin (BTC) are not real money, according to a statement published by the German federal parliament on Oct. 28.Not a payment vehicle, not a store of valuePer the announcement, the assets offered by the current cryptocurrency landscape — such as Bitcoin — provide only a very limited portion of the features expected…
Are we dumb? Financial illiterates ‘twice as likely to own crypto’
A report from Canada’s central bank shows that while most Canadians are knowledgeable about basic finance and Bitcoin, few actually hold any crypto assets.According to the results of Bank of Canada’s 2019 Cash Alternative Survey published in August 2020, financial literacy is positively associated with the awareness of cryptocurrencies but negatively associated with ownership. The…
Bitcoin can’t be viewed as an untraceable ‘crime coin’ anymore
Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable.Crypto’s association with criminality adds to this shared sense of skepticism. There is no denying that cryptocurrency has and continues to be used for illicit activities across…
New Crypto Toolkit Can Measure Speculation in a Token’s Price
The Economic Suite, developed by Flipside Crypto and Prysm Group, is a new blockchain economic tool that will let projects view advanced economic data about their ecosystem. The partnership, whose results were announced on May 13, combined Flipside’s data analytics experience with Prysm’s economic expertise.The Economic Suite features a variety of charts that show key economic…
Russia scraps plans for a national cryptocurrency exchange
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US FTC Sues Startup for Allegedly Misusing Raised Funds on Bitcoins and Credit Card Bills
The United States Federal Trade Commission (FTC) is suing a startup for spending its raised funds on bitcoins (BTC) and credit card bills, rather than the stated products, the court filing revealed on May 6.The FTC brought a lawsuit before the U.S. District Court for the Southern District of Texas alleging that the startup dubbed…
Shopping with Crypto: More Than 240 Locations in Slovenia Accept Payment Via New App
The team behind a mobile application enabling shoppers to pay with crypto at online and brick-and-mortar stores has unveiled new features and a redesign — enabling consumers to shop as post-New Year sales are in full swing.Eligma, a startup dedicated to smart commerce and blockchain advocacy, says the latest version of its Elipay app has…
Stablecoin issuer Tether accessed US banking system using Signature: Report
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform. 79 Total views 5 Total shares Own this piece of history Collect this article as an NFTTether, the firm behind the largest stablecoin by market…