A bogus social media post declaring that the S.E.C. had approved an E.T.F. tied to the cryptocurrency caused prices to whipsaw. A real decision could come as soon as Wednesday.
Category: Virtual Currency
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The Hot New Market in Crypto? Trading FTX’s Carcass.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
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The Hot New Market in Crypto? Trading FTX’s Carcass.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
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Bitcoin Soars on Hopes of Investment Fund Approval
The cryptocurrency has gained roughly 150 percent this year, as investors bet that regulators will soon approve the first spot exchange-traded fund that is designed to track the price of Bitcoin.
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U.S. Case Details Binance’s Knowledge About Criminal Users
The crypto exchange treated them as essential customers, the government said. U.S. authorities want the industry to understand how bad that is for business.
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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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Cryptocurrency Prices Surge, Driven by a Potential Bitcoin Fund
Investors anticipate regulatory approval of an exchange traded fund linked directly to Bitcoin, which will they hope will encourage more people to invest in the digital asset.
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Bankman-Fried’s Guilty Convictions Complete His Fall From Grace
The verdict in the FTX founder’s fraud trial leaves the crypto industry’s onetime poster child facing a lifetime behind bars.
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Sam Bankman-Fried Was a Grown Up Criminal, Not an Impulsive Man-Child
Investors bought into the perception of the FTX founder as an unkempt boy genius. The jury didn’t buy it.
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Silicon Valley Shrugs Off Sam Bankman-Fried’s Trial
Tech investors lauded Mr. Bankman-Fried and helped fund his FTX crypto exchange. The tech industry has since done what it does best: move on.