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Sam Bankman-Fried just got sentenced to 25 years in prison
Disgraced former FTX CEO Sam Bankman-Fried was just sentenced to 25 years in prison in a New York court. He was convicted in November of fraud and conspiracy to commit money laundering.
The Biden administration now requires large cryptocurrency miners to report their energy use
The Energy Information Administration recently announced that it would start to collect energy usage information from larger-than-average cryptocurrency mining operations. The program will take a look at over 130 mines that account for more than two percent of electricity usage nationwide.
Doomed crypto firm Terraform Labs files for bankruptcy in the US
Terraform Labs, the infamous crypto company behind TerraUSD and Luna, has filed for Chapter 11 bankruptcy protection in Delaware.
GameStop axes its short-lived NFT marketplace as it retreats from crypto
GameStop has notified customers that it's shutting down its NFT market, effective February 2. The marketplace launched in July 2022. GameStop also shut down its year-old crypto wallet in November, citing "regulatory uncertainty."
Tech’s biggest losers in 2023
The Engadget team's pick of the worst things that happened in tech in 2023.
Winklevoss-owned crypto firm hit by lawsuit alleging it defrauded investors of $1 billion
Gemini, a cryptocurrency exchange helmed by the infamous Winklevoss twins, just got hit with a lawsuit alleging that it defrauded investors. The suit was brought forth by New York Attorney General Letitia James, the same AG currently prosecuting former president Donald Trump.
You can now buy a Ferrari with crypto in the US, if that's your thing
Reuters reported that Ferrari has begun accepting cryptocurrency payments for purchases in the US using BitPay. It'll accept bitcoin, ether and USDC, and plans to expand the service to Europe.
Celsius founder Alex Mashinsky arrested and charged with fraud
The problems keep mounting for Celsius founder Alex Mashinsky, as he’s been arrested and charged by federal authorities for fraud. Mashinsky faces seven criminal counts, including securities, commodities and wire fraud, as originally reported by CBS News. The U.S. attorney’s office alleges that Mashinsky misled customers regarding the nature of his company, making it seem like a bank when it was actually a high-risk investment fund.
Binance reaches deal with SEC to avoid US asset freeze
The SEC and Binance have reached an agreement that will allow the cryptocurrency exchange to continue operating in the US until a lawsuit filed by the regulator earlier this month is resolved.
Binance faces SEC charges for allegedly mishandling funds and dodging rules
The SEC has slapped crypto giant Binance with 13 charges.
Hitting the Books: The abrupt and ignoble downfall of Sam Bankman-Fried
In SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy, veteran crypto reporter Brady Dale provides a scintillating and clarifying narrative of the entire FTX/Alameda Ventures saga.
Venmo now lets you send crypto to other users for some reason
Venmo is going further into the once-heralded digital currency space by allowing users to send crypto directly to other Venmo customers. The feature rolls out throughout may and also allows for sending digital currency to Paypal users and other external wallets.
Terra blockchain founder Daniel Shin indicted in South Korea
South Korean authorities announced today that they indicted the co-founder of Terraform Labs, the company that develops and manages the blockchain payment platform Terra. According to Bloomberg, Daniel Shin and nine others linked to Terra now face multiple charges, including violations of capital markets law, which regulates the nation’s securities and financial markets.
Crypto giant Binance charged with violating US trading and derivatives laws (updated)
Binance and its founder have been charged with commodities law violations.
FTX co-founder Nishad Singh pleads guilty to fraud and conspiracy charges
FTX co-founder Nishad Singh has pleaded guilty to six federal fraud and conspiracy charges. He has agreed to cooperate with the case against FTX founder and former CEO Sam Bankman-Fried.
FTX co-founder Sam Bankman-Fried faces four new criminal charges
FTX creator Sam Bankman-Fried is now dealing with four new charges over fraud and campaign finance violations.
SEC charges Terraform Labs over alleged 'multi-billion dollar' crypto fraud
The SEC has charged Terraform and its CEO for allegedly running a 'multi-billion dollar' crypto fraud scheme.
UK government reveals 'robust' plans to regulate crypto
The UK government has detailed "ambitious" plans to regulate the crypto industry.
House Republicans form panel to shape crypto policy
House Republicans have created a panel to oversee crypto policy, including rules.
New York State sues former Celsius CEO over alleged cryptocurrency fraud
New York State is suing the former chief of crypto lender Celsius over 'billions' in fraud.
