Category: Virtual Currency

Binance Founder Should Get Three Years in Prison, Prosecutors Say

Defense lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.
Countdown Is On for the Bitcoin ‘Halving’

Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.
How a Crypto Compliance Officer Ended Up in a Nigerian Prison

Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.
Sam Bankman-Fried Sentenced to 25 Years in Prison

Mr. Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, faced a maximum sentence of 110 years.
How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases

Here’s how the former crypto mogul’s 25-year sentence stacks up against the prosecutions of Michael Milken, Bernie Madoff and others.
What Meltdown? Crypto Comes Roaring Back in the Philippines.

Two years after the cryptocurrency market crashed, internet cafes for playing crypto-earning video games are opening and farmers have started harvesting virtual crops from the games for income.
Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail

Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum penalty of 110 years.
Bitcoin Price Extends Rally, Emboldening Crypto Industry

The cryptocurrency has recently set a series of records, extending a rapid rally that has emboldened the virtual currency industry to flex its political muscle.
Is Crypto Back? What to Know About Bitcoin’s Surge.

Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon.
Bitcoin Hits Record High, Recovering From 2022 Meltdown

Bitcoin’s price surged above $68,800, breaking the record the digital currency set in November 2021 when the crypto industry was booming.
Sam Bankman-Fried Seeks Lenient Sentence and to Appeal Conviction

Since the disgraced cryptocurrency mogul was convicted of fraud last year, his supporters have maneuvered to secure a lenient sentence and change the public narrative about his case.
What Happens to FTX Clawback Cases if the Company Repays Its Creditors?

Lawyers for the failed crypto exchange told a bankruptcy judge they expected to pay creditors in full.