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FTX founder Sam Bankman-Fried appeals sentencing, fraud conviction

FTX founder Sam Bankman-Fried appeals sentencing, fraud conviction

RonBailey/iStock Unreleased via Getty Images FTX founder Sam Bankman-Fried appealed his conviction and 25-year prison sentence for orchestrating the large-scale fraud and conspiracy that led to the downfall of his crypto empire, according to a recent filing. The 32-year-old former crypto mogul was convicted in November 2023 on seven different charges, including defrauding FTX customers…

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Cryptocurrency Faces Market Volatility and Legal Challenges

Cryptocurrency Faces Market Volatility and Legal Challenges

On April 10, the U.S. Securities and Exchange Commission (SEC) took a significant step by issuing a Wells notice to Uniswap, a leading decentralized exchange (DEX). This action is a clear formal indication that the SEC is considering recommending an enforcement action. It highlights the growing scrutiny under which the cryptocurrency sector finds itself. Uniswap…

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Mother confesses she forced 5-year-old daughter to live in feces-covered closet with little food prior to death

Mother confesses she forced 5-year-old daughter to live in feces-covered closet with little food prior to death

INDIANAPOLIS (WXIN) — Court records provide gruesome new details into the “horrific” death of a 5-year-old Indianapolis girl.   The girl’s mother, Toni McClure, has been arrested for murder. Her boyfriend, Ryan Smith, has been arrested for neglect resulting in death, a charge McClure also faces. Dive teams search for missing Florida mom of 3 The Indianapolis…

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Crypto Whales Sold Holdings Before the Market Crash

Crypto Whales Sold Holdings Before the Market Crash

In the last 24 hours, Bitcoin and altcoins encountered significant volatility, resulting in a notable decline, with the overall crypto market capitalization dropping by approximately 8%, settling at $2.53 trillion. This swift market fluctuation may have taken many retail traders by surprise. However, insights from on-chain data reveal that certain large-scale investors, colloquially known as…

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Bitcoin halving: should you invest now?

Bitcoin halving: should you invest now?

Visitors to the Bank of England museum can try to lift a 13kg gold bar, see the bank’s charter from 1694 and now browse a display dedicated to crypto assets. The Bank’s Future of Money exhibition features a gold coin emblazoned with the bitcoin logo, a device used for storing cryptocurrency, and a T-shirt from…

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Yuga Labs NFT Royalty Sent To FTX US Address, What Is Happening?

Yuga Labs NFT Royalty Sent To FTX US Address, What Is Happening?

According to blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), has been transferring royalties to a wallet connected to FTX US, which is now bankrupt. For the last two months, Yuga Labs have been flowing more than $250,000 worth of assets to the wallet address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1…

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DeFi Protocol SushiSwap Drops Nearly 20% After SEC vs. Uniswap Lawsuit

DeFi Protocol SushiSwap Drops Nearly 20% After SEC vs. Uniswap Lawsuit

The decentralized finance (DeFi) sector faced significant turbulence this week, particularly SushiSwap, a notable DeFi protocol, which saw its token SUSHI plummet by over 18%. This decline occurred after the Securities and Exchange Commission (SEC) issued a Wells Notice against Uniswap, hinting at possible regulatory changes for similar platforms. FTX and Alameda Research Transfers SushiSwap…

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