Category: Virtual Currency

Bitcoin Hits a Record as Crypto Investors Root for a Trump Win

Bitcoin’s price went above $75,000, breaking the record that the digital currency set in March.
Bitcoin and Crypto, Promoted by Trump, Brace for Election Volatility

Many crypto investors hope that a victory for Donald Trump could propel the price of Bitcoin to new heights, though a loss could cause a fall.
Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation

Mr. Singh, who was a top executive in Sam Bankman-Fried’s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.
Kraken Lays Off 15 Percent of Workers and Names New Co-Chief Executive

The influential cryptocurrency exchange has undergone several reorganizations in recent years.
How FTX’s Young Executives Shattered Their Parents

As their children are sentenced for fraud, the parents of FTX’s top leaders have described their disbelief at how the crypto exchange upended their lives.
Election Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site

Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.
Binance Employee, in Custody for 8 Months in Nigeria, Will Be Released

Prosecutors have dropped the criminal case against Tigran Gambaryan so he can receive medical care, a government spokesman said.
Is the Trump Trade Back?

Market observers see signs that investors increasingly believe Donald Trump will win the election, but there may be alternate explanations for a shift in sentiment.
The Downfall of FTX’s Ryan Salame and Crypto Advocate Michelle Bond

Ryan Salame, an FTX executive, and Michelle Bond, a crypto policy advocate, were once a Washington power couple. Now they both face prison time.
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Fraud

A top adviser to Sam Bankman-Fried, the disgraced founder of FTX, Ms. Ellison pleaded guilty to conspiring with him to steal $8 billion and became a crucial witness for the prosecution.
2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says

Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.
Caroline Ellison, Star Witness in FTX Case, Should Receive Lenient Sentence, Prosecutors Signal

Ms. Ellison, Sam Bankman-Fried’s former girlfriend and a top executive in his empire, is set to be sentenced on Sept. 24 for her role in the collapse of the crypto exchange.