After a lengthy trial involving the now-defunct cryptocurrency exchange FTX and trading company Alameda Research, Sam Bankman-Fried was found guilty of fraud and money laundering. It ends the astonishing decline in fortune for the 31-year-old former billionaire, who was formerly dubbed the "King of Crypto" and
During the opening statements on Wednesday, October 4, federal prosecutors and Sam Bankman-Fried's attorneys sparred over whether the former billionaire's cryptocurrency exchange, FTX, fell due to “massive” fraud committed by its creator or poor business decisions. Bankman-Fried, 31, has entered a not-guilty plea to allegations that
Founder of collapsed FTX crypto exchange Sam Bankman-Fried was arrested in The Bahamas after US authorities filed criminal charges against him. It is a remarkable fall from grace for the 30-year-old entrepreneur who rode the bitcoin boom to build one of the world's largest cryptocurrency exchanges
On November 29, Huobi announced its partnership with the Commonwealth of Dominica, TRON, and DMC Labs. The three platforms were endorsed by the Dominica government to issue Dominica's national token, Dominica Coin (DMC), and Digital Identity (DID). DMC holders will be granted digital citizenship of
The Bahamas authorities are investigating the collapse of the bitcoin exchange FTX to see if any criminal behaviour occurred. One of the most high-profile cryptocurrency meltdowns, FTX filed for bankruptcy on Friday after traders rushed to remove $6 billion off the platform in only 72 hours
The Government of Dominica announced that it had reached an agreement with TRON, designating the TRON Protocol as the country's national blockchain infrastructure. TRON has secured the government's approval to issue Dominica Coin (DMC), a blockchain-based fan token, to promote Dominica's global popularity for its natural
Come September 15 2021, Cuba will recognize and regulate cryptocurrencies, such as bitcoin, for payments on the island. Resolution 215, which was published in the state-run Official Gazette, said the central bank will set new rules for how to deal with digital currencies and determine how to license
The Caribbean island of The Bahamas has something up its sleeve that has likely made central banks from all over the world turn their heads and observe how it will go. Via a mobile application, Sand Dollar is a digital currency issued by the Central Bank
