Hackers tied to North Korea diversify strategies for cryptocurrency theft
Hackers associated with North Korea are attempting to expand the list of targets for their crimes to compensate for the decline in the value of cryptocurrencies and diversify their sources of income, writes Yonhap. According to the report by Kim…
Grain as a weapon: Russia-Ukraine war reveals how capitalism fuels global hunger
International fears about the impact of the Russia-Ukraine war on an existing global food crisis appear to have faded in the seven months since Russia pulled out of a deal that allowed Ukraine to export grain to world markets. Such…
Sam Bankman-Fried faces up to 110 years in prison after being convicted on all charges
By Rebecca Mezistrano TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, November 3. Full Video Transcript Below:J.D. DURKIN: I’m J.D. Durkin, reporting from the New…
New Zealand Courts Deny Collective Legal Representation for Cryptopia Account Holders
Cogito Metaverse’s Offer Gains Momentum as Small Account Holders Find Swift Compensation Wellington, New Zealand, Nov. 03, 2023 (GLOBE NEWSWIRE) — In a recent development, New Zealand courts have ruled that account holders affected by the Cryptopia hack and subsequent…
Charlie Munger Talks Shop: From Bitcoin Fervor To Tech Giants’ Fate
In a recent in-depth conversation with The Wall Street Journal at his Los Angeles residence, Charlie Munger, the nonagenarian vice chairman of Berkshire Hathaway (NYSE: BRK-A) (NYSE-BRK-B), shared his candid insights on a range of topics, from the state of…
Sam Bankman-Fried, Former Billionaire Crypto King, Found Guilty Of Stealing Billions Of Dollars From Investors, Faces 110 Years In Prison
On Thursday, the founder of crypto exchange FTX, Sam Bankman-Fried, was found guilty of fraud and additional charges. FTX was a cryptocurrency exchange that allowed its users to buy, sell and enter into contracts for crypto coins and tokens. Jurors found the…
Ex-Crypto boss Bankman-Fried’s trial nears end: ‘I deeply regret not taking a deeper look’ at claims
By City A.M. Reporter The closing arguments are set to begin on Wednesday in the trial of former Crypto boss Sam Bankman-Fried’s fraud trial in New York, The founder of the now bankrupt cryptocurrency exchange FTX stepped down from the…
Payments giant PayPal obtains crypto marketing green light in Britain
LONDON (Reuters) – Global payments giant PayPal is registered to offer cryptoassets “activities” in Britain, the Financial Conduct Authority has said on its website. The crypto market in Britain is awaiting its first set of rules, but in the meantime…
SafeMoon founders arrested on wire fraud and money laundering charges
SafeMoon founders arrested; Kyle Nagy at large. The charges include wire fraud and money laundering. There are also accusations of misappropriation and investor deception. In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal…
Turkey eyes new law on crypto assets: report
Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen approach to money laundering and terrorism financing to bring Turkey into compliance with Financial Action Task Force (FATF) requirements. Turkey…