In a shocking turn of events, renowned crypto magnate Do Kwon has been found liable for a multibillion-dollar fraud scheme. The news has sent shockwaves through the financial world, with investors and industry insiders scrambling to understand the implications of Kwon’s actions.
In recent news, it has been reported that Sam Bankman-Fried, the billionaire CEO of FTX cryptocurrency exchange, may face challenges sticking to a vegan diet while in prison. Bankman-Fried, known for his strict vegan lifestyle, could encounter obstacles when it comes to food options behind bars.
Background
Bankman-Fried, once hailed as a crypto prodigy, is facing significant jail time after being found guilty of orchestrating a multi-million dollar Ponzi scheme that defrauded thousands of individuals.
Crypto traders have brushed off concerns over waning ETF inflows in the market, expressing confidence as Bitcoin maintains its position above $70,000.
Cocoa prices have been on the rise in recent months, surpassing even the value of bitcoin. The surge in prices can be attributed to a growing demand for cocoa products around the world.
Dogecoin surged 18% on Monday as investors anticipated the launch of DOGE Futures on several major exchange platforms. The cryptocurrency, which started as a joke, has seen a remarkable rise in value recently, fueled by the excitement surrounding its upcoming futures trading options.
In a surprising move, President Donald Trump has expressed his support for Bitcoin and other cryptocurrencies, stating that there will be no crackdown on the digital assets if he is re-elected for a second term. This marks a significant shift in the administration’s stance on the emerging technology.
Coinbase, one of the largest cryptocurrency exchanges in the United States, has made headlines after accusing the U.S. Securities and Exchange Commission (SEC) of breaking the law in rejecting their request for a crypto rulemaking.
Bitcoin has reached its highest level in over a year, with the cryptocurrency surging past the $12,000 mark. The spike in value comes as President Trump recently expressed his support for the digital currency, stating that he believes it has the potential to become a global currency.
Crypto funding rates reset after Bitcoin’s sharp pullback from $69K
