Archive List for crypto

Bitcoin hovers under 38K, Cathie Wood cuts holdings in Grayscale bitcoin trust

As bitcoin prices edge nearer to $38,000 and beyond, Cathie Wood’s ARK Invest firm is reducing its holdings in Grayscale’s bitcoin trust (GBTC). Yahoo Finance Senior Markets Reporter Jared Blikre takes a closer look at the performances of ARK’s various funds. #bitcoin #crypto #youtube For more expert insight and the latest market action, click here to watch: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Connect with Yahoo Finance: Check the latest news and data at finance.yahoo.com Follow Yahoo Finance on social: Connect […]

Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money-laundering charge

Yahoo Finance Reporter Jennifer Schonberger breaks down the The U.S. government’s case against the world’s largest cryptocurrency exchange Binance as its founder, Changpeng Zhao who pleaded guilty to a felony charge Tuesday related to his failure to prevent money laundering on his platform. Binance also agreed to a roughly $4 billion settlement with the U.S. over violations of the Bank Secrecy Act and apparent violations of sanctions programs, including failure to put into place a suspicious transaction reporting programs. Zhao announced that he stepped down as the company’s chief executive. #Binance #crypto #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date […]

Bitcoin climbs to 18-month high on renewed ETF hopes

Bitcoin (BTC-USD) surged past $37,000 early Thursday, its highest level in 18 months. The cryptocurrency’s gains come amid speculation that the SEC may finally approve a spot bitcoin ETF. Yahoo Finance Senior Reporter Jared Blikre analyzes the factors behind bitcoin’s rise, observing patterns in other cryptocurrencies as the digital asset market aims to stage a recovery from recent crashes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #crypto #bitcoin About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage […]

What the Sam Bankman Fried guilty verdict means for crypto

The criminal fraud trial of disgraced FTX CEO Sam Bankman-Fried and the subsequent guilty verdict on Friday, November 3, has drawn the attention of many — from crypto bulls to skeptics and even U.S. regulators — raising questions about the legitimacy of the greater cryptocurrency market. The Wolf Of All Streets Podcast Host Scott Melker does not believe the FTX fallout has any lasting impact, stating plainly: “This was a case of fraud that has literally nothing to do with crypto.” Melker specifies that crypto was just the vehicle to perpetuate SBF’s Ponzi scheme and that on a global scale, this case is just “an American phenomenon.” Cahill Gordon & […]

Sam Bankman-Fried guilty on all charges including wire fraud, securities fraud, and money laundering

A New York City jury convicted FTX founder Sam Bankman-Fried of fraud on Thursday after less than 5 hours of deliberation. He was found guilty of all 7 charges, with sentencing to take place on March 28, 2024. Bankman-Fried may also have to face another set of criminal charges that allege he committed bank fraud and bribed Chinese officials. Yahoo Finance Legal Reporter Alexis Keenan joins the Live show to break down everything involved in the trial and the decision handed down by the jury. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb […]

FTX founder Sam Bankman-Fried testifies in his own defense without a jury present

Sam Bankman-Fried, former founder of crypto exchange FTX (FTT-USD), is set to testify in his criminal trial in front of the judge, without a jury present. This arrangement is intended to ensure that all parts of the witness testimony are admissible, while also making it easier for appellate courts to understand the judge’s reasons for striking certain testimony later on, explains Sam Enzer, a partner at law firm Cahill Gordon & Reindel LLP. A key focus of Bankman-Fried’s testimony will be the role of lawyers in his actions. Prosecutors allege that Bankman-Fried intentionally instructed employees to auto-delete messages in order to evade regulators. However, Bankman-Fried claims he received approval from […]

FTX trial looks like ‘guilty plea in slow motion’: Former prosecutor says

Former FTX (FTT-USD) CEO Sam Bankman-Fried has wrapped up the first week of testimony in his criminal fraud trial. SBF stands accused of defrauding investors and mishandling customer deposits leading to the crypto exchange’s collapse. Prosecutors have charged him with various counts of fraud and money laundering that could potentially result in a maximum sentence of life in prison if convicted. The prosecution has aimed to portray Bankman-Fried as knowingly misleading investors and misappropriating billions in client assets — Bankman-Fried’s defense maintains he never acted maliciously. According to Nick Ackerman, the Former Assistant U.S. Attorney for the Southern District of New York, Bankman-Fried faces an uphill battle against the charges: […]

🌎 ‘We are in a world that #bitcoin has never seen before,’ Expert says #shorts

Axios Crypto Reporter Brady Dale joined Yahoo Finance Live to discuss the future for Bitcoin and the possibility for a crypto boom now that we are no longer in a zero interest rate environment. The segment is from August 30, 2023. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #bitcoin #crypto #cryptocurrency #bitcoinnews #analysts #2023 #outlook

Wall Street is making new bets on crypto with bitcoin ETF push

#youtube #bitcoin #crypto Yahoo Finance crypto reporter David Hollerith reports on bitcoin’s year-to-date performance and the outlook for bitcoin ETF approval. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance […]

SEC suing Coinbase and what does it mean for crypto regulation?

#youtube #crypto #yahoofinance As the SEC sues Coinbase and Binance, Brendan Pedersen, Punchbowl News Financial Services Reporter and Author of The Vault newsletter, joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss how these lawsuits could help shape crypto regulation. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical […]