Caroline Ellison, FTX's hedge fund chief and ex-girlfriend of SBF, testified that he directed her to commit crimes—and thought he might be US president someday:
https://fortune.com/crypto/2023/10/11/ftx-founder-sam-bankman-fried-hedge-fund-chief-ex-girlfriend-caroline-ellison-us-president/
https://fortune.com/crypto/2023/10/11/ftx-founder-sam-bankman-fried-hedge-fund-chief-ex-girlfriend-caroline-ellison-us-president/
Fortune Crypto
FTX founder Sam Bankman-Fried’s former hedge fund chief (and ex-girlfriend) Caroline Ellison says he hoped to be U.S. president…
Repeatedly, Ellison made clear that Bankman-Fried was behind the biggest financial moves in his companies, to the point that bitcoins he created were sometimes called “Sam's coins.”
“I felt a sense of relief that I didn’t need to lie anymore.”
Near the end of her second day on the witness stand, Caroline Ellison, the former CEO of the crypto hedge fund Alameda Research, broke down:
https://fortune.com/crypto/2023/10/11/caroline-ellison-utilitarianism-saudi-arabia-mbs-thai-prostitutes-tears-sam-bankman-fried-ftx-sbf/
Near the end of her second day on the witness stand, Caroline Ellison, the former CEO of the crypto hedge fund Alameda Research, broke down:
https://fortune.com/crypto/2023/10/11/caroline-ellison-utilitarianism-saudi-arabia-mbs-thai-prostitutes-tears-sam-bankman-fried-ftx-sbf/
Fortune Crypto
Caroline Ellison’s latest testimony included utilitarianism, Saudi money, Thai prostitutes, and ended in tears: ‘The worst week…
“Rules like ‘don’t lie’ or ‘don’t steal’ didn’t fit in that framework,” the former Alameda CEO said of Sam Bankman-Fried’s utilitarianism.
Sam Bankman-Fried has usually kept quiet as a victim, a former investor, and two of his best friends took to the witness stand to testify against him.
However, Caroline Ellison—Bankman-Fried’s on-again off-again girlfriend—allegedly provoked the most emotional reaction from him on Wednesday afternoon:
https://fortune.com/crypto/2023/10/12/sam-bankman-fried-laughed-scoffed-caroline-ellison-testimony/
However, Caroline Ellison—Bankman-Fried’s on-again off-again girlfriend—allegedly provoked the most emotional reaction from him on Wednesday afternoon:
https://fortune.com/crypto/2023/10/12/sam-bankman-fried-laughed-scoffed-caroline-ellison-testimony/
Fortune Crypto
Sam Bankman-Fried laughed, scoffed, and visibly shook his head during Caroline Ellison’s second-day testimony, prosecutor tells…
The FTX founder’s alleged behavior stands in contrast to how he’s previously reacted to other witnesses.
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New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with Genesis and Digital Currency Group for defrauding investors out of more than $1 billion:
https://fortune.com/crypto/2023/10/19/gemini-genesis-dcg-lawsuit-new-york-attorney-general-winklevoss-silbert/
https://fortune.com/crypto/2023/10/19/gemini-genesis-dcg-lawsuit-new-york-attorney-general-winklevoss-silbert/
Fortune Crypto
New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1…
Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.
The Securities and Exchange Commission is no longer pursuing civil charges against Ripple executives Christian Larsen and Brad Garlinghouse, according to a court filing in the Southern District of New York on Thursday:
https://fortune.com/crypto/2023/10/19/sec-drops-charges-ripple-xrp-garlinghouse-larsen/
https://fortune.com/crypto/2023/10/19/sec-drops-charges-ripple-xrp-garlinghouse-larsen/
Fortune Crypto
SEC drops charges against Ripple executives Brad Garlinghouse and Chris Larsen in ongoing XRP litigation
The case is one of the most closely watched legal battles in crypto.
Sam Bankman-Fried appears likely to testify as his trial enters its final phase:
https://fortune.com/crypto/2023/10/23/sam-bankman-fried-ftx-trial-will-he-testify/
https://fortune.com/crypto/2023/10/23/sam-bankman-fried-ftx-trial-will-he-testify/
Fortune Crypto
Sam Bankman-Fried: Will he testify?
Defense lawyers typically tell their clients not to take the stand—Sam Bankman-Fried’s case could be the exception.
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Who will be the biggest winners from Bitcoin’s latest rally?
https://fortune.com/crypto/2023/10/24/bitcoin-reaches-highest-level-in-a-year-new-crypto-boom/
https://fortune.com/crypto/2023/10/24/bitcoin-reaches-highest-level-in-a-year-new-crypto-boom/
Fortune Crypto
Bitcoin’s surge to $35,000 signals a new crypto boom. If it’s for real, who will be the winners?
A new upswing in crypto prices could deliver benefits to the traditional finance industry, among others.
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BREAKING: Sam Bankman-Fried will testify in his own defense, his lawyers confirmed at a court hearing in Manhattan on Wednesday:
https://fortune.com/crypto/2023/10/25/sam-bankman-fried-to-take-the-stand-in-his-own-defense-ftx/
https://fortune.com/crypto/2023/10/25/sam-bankman-fried-to-take-the-stand-in-his-own-defense-ftx/
Fortune Crypto
Sam Bankman-Fried’s attorneys confirm he will take the stand in his own defense
His lawyers confirmed that the disgraced crypto founder will testify at a hearing on Wednesday.
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Sam Bankman-Fried stumbles through cross-examination—and he wasn’t even in front of the jury:
https://fortune.com/crypto/2023/10/26/sam-bankman-fried-cross-examination-stumble-ftx-jury-fraud-trial/
https://fortune.com/crypto/2023/10/26/sam-bankman-fried-cross-examination-stumble-ftx-jury-fraud-trial/
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A 12-person jury found Sam Bankman-Fried guilty of seven counts on Thursday, the culmination of a year-long criminal proceeding following the November 2022 collapse of the crypto exchange FTX:
https://fortune.com/crypto/2023/11/02/sam-bankman-fried-verdict-trial-ftx-fraud-jury-sdny/
https://fortune.com/crypto/2023/11/02/sam-bankman-fried-verdict-trial-ftx-fraud-jury-sdny/
Fortune
FTX founder Sam Bankman-Fried found guilty of all charges in ‘one of the biggest financial frauds in American history’ | Fortune
Sentencing is scheduled for March. He could face decades in prison.
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As Sam Bankman-Fried awaits his prison sentence, the spotlight has shifted to "Barb and Joe:"
https://fortune.com/crypto/2023/11/13/sam-bankman-fried-awaiting-sentence-parents-joseph-and-barbara-civil-charges/
https://fortune.com/crypto/2023/11/13/sam-bankman-fried-awaiting-sentence-parents-joseph-and-barbara-civil-charges/
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Even if you have no interest in crypto, the current frenzy around Bitcoin ETFs is interesting purely as a matter of competitive strategy.
There is a brand new market up for grabs that will be worth billions—perhaps trillions—and at least 13 companies are vying to get a piece of it:
https://fortune.com/crypto/2024/01/09/bitcoin-etf-companies-first-to-launch/
There is a brand new market up for grabs that will be worth billions—perhaps trillions—and at least 13 companies are vying to get a piece of it:
https://fortune.com/crypto/2024/01/09/bitcoin-etf-companies-first-to-launch/
Fortune
The new Bitcoin ETF industry can't have 13 winners. So who will lose? | Fortune
The biggest wild card in the mix is Grayscale, whose high fees could quickly erode its early advantages.
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The SEC's approval of Bitcoin ETFs is a bullish outcome for the long term. What happens in the short term is much harder to predict:
https://fortune.com/crypto/2024/01/11/bitcoin-goes-public-what-the-etf-victory-means-and-what-comes-next/
https://fortune.com/crypto/2024/01/11/bitcoin-goes-public-what-the-etf-victory-means-and-what-comes-next/
Fortune
Bitcoin goes public: what the ETF victory means and what comes next | Fortune
The SEC's approval of Bitcoin ETFs is a bullish outcome for the long term. What happens in the short term is much harder to predict.
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Bitcoin’s price—above $63,000 on Thursday—has reached heights not seen in two years, but the coin’s upcoming halving event could push prices down to $42,000, according to analysts at JPMorgan:
https://fortune.com/crypto/2024/02/29/bitcoin-correction-jp-morgan-april-halving/
https://fortune.com/crypto/2024/02/29/bitcoin-correction-jp-morgan-april-halving/
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As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both the Department of Justice and the Securities and Exchange Commission, the friend—Sameer Ramani—remains at large:
https://fortune.com/crypto/2024/03/03/sec-coinbase-insider-trading-kraken-howey-binance-ripple-terra/
https://fortune.com/crypto/2024/03/03/sec-coinbase-insider-trading-kraken-howey-binance-ripple-terra/
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A Donald Trump–themed, MAGA memecoin (TRUMP) has surged more than 700% over the last month, according to CoinGecko data, reaching a market cap of almost $500 million:
https://fortune.com/crypto/2024/03/04/trump-maga-coin-meme-nft/
https://fortune.com/crypto/2024/03/04/trump-maga-coin-meme-nft/
Fortune
Trump memecoin nears $500 million market cap as MAGA frenzy collides with latest crypto boom | Fortune
A Donald Trump–themed memecoin has surged more than 700% over the last month, reaching a market cap of almost $500 million.
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Crypto has been a main area of focus for several of the Gulf countries, especially the emirates of Dubai and Abu Dhabi, which saw an opportunity during the pandemic to pitch themselves as digital asset hubs:
https://fortune.com/crypto/2024/03/06/dubai-crypto-saudi-vara-blockchain-regulation-mena-middle-east/
https://fortune.com/crypto/2024/03/06/dubai-crypto-saudi-vara-blockchain-regulation-mena-middle-east/
Fortune
The Middle East is pitching itself as the future of crypto. Will companies follow? | Fortune
From sovereign wealth funds to regulators, Gulf countries are establishing a digital assets hub in the Middle East.
The world’s largest and scandal-ridden crypto exchange today unveiled Crypto, its own luxury scent “blending finance with fragrance,” according to a statement:
https://fortune.com/crypto/2024/03/06/smells-like-crypto-binance-drops-perfume-that-blends-finance-with-fragrance/
https://fortune.com/crypto/2024/03/06/smells-like-crypto-binance-drops-perfume-that-blends-finance-with-fragrance/
Fortune
Smells like crypto: Binance drops perfume that blends ‘finance with fragrance’ | Fortune
The world's largest crypto exchange today unveils Crypto, its own luxury scent “blending finance with fragrance."
Here’s a closer look at the odds Bitcoin’s creator could come back—and what it would mean if they did:
https://fortune.com/crypto/2024/03/07/bitcoins-black-swan-event-how-the-return-of-satoshi-could-pose-a-75-billion-threat/
https://fortune.com/crypto/2024/03/07/bitcoins-black-swan-event-how-the-return-of-satoshi-could-pose-a-75-billion-threat/
Fortune
Bitcoin’s black swan event: How the return of Satoshi could pose a $75 billion threat | Fortune
Bitcoin just made an enormous comeback. Will Satoshi Nakamoto?
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Grayscale wants to launch a spinoff of its spot Bitcoin exchange-traded fund, GBTC, according to a regulatory filing on Tuesday:
https://fortune.com/crypto/2024/03/12/grayscale-bitcoin-mini-trust-gbtc-spinoff/
https://fortune.com/crypto/2024/03/12/grayscale-bitcoin-mini-trust-gbtc-spinoff/
Fortune
Grayscale files to launch low-fee GBTC spinoff to help appease investors: ‘This is a way to throw them a bone’ | Fortune
Grayscale has filed to launch a low-fee GBTC alternative to attract new investors and appease disgruntled investors.
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U.S. President Joe Biden put forward a variety of crypto related taxes and regulations which he says could generate almost $10 billion next year, and over $42 billion over the next decade, according to his proposed 2025 budget:
https://fortune.com/crypto/2024/03/13/joe-bidens-latest-budge-proposal-calls-for-a-30-tax-on-crypto-mining/
https://fortune.com/crypto/2024/03/13/joe-bidens-latest-budge-proposal-calls-for-a-30-tax-on-crypto-mining/
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