Archive List for crypto

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 […]

@kevinoleary on @coinbase CEO: ‘I’d fire him’ #shorts

O’Leary Ventures Chairman and Shark Tank Investor Kevin O’Leary discusses Coinbase CEO Brian Armstrong’s decision to challenge the litigation brought against the company by the SEC. O’Leary joined Yahoo Finance Live on June 7, 2023. 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 […]

SEC sues Binance and Coinbase: Here’s a breakdown on the lawsuits and what it means for crypto

#crypto #coinbase #binance The Securities Exchange Commission has sued Coinbase, alleging the firm broke securities law. Yahoo Finance legal reporter Alexis Keenan explains the SEC’s suit and markets reporter Jared Blikre breaks down the market reaction. 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 […]

Coinbase stock jumps on analyst upgrade

#Coinbase #youtube #yahoofinance Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss a rise in shares of cryptocurrency exchange Coinbase after Atlantic Equities upgraded the stock to ‘overweight’. 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, […]