Justice Department Watchdog Calls for Review of Crypto Fraud Allegations

Justice Department Watchdog Calls for Review of Crypto Fraud Allegations

John Ray, CEO of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, USA, on Tuesday, November 22, 2022. eric reads | Mayor Bloomberg | fake images The Justice Department has requested that an independent examiner be appointed to review “substantial and serious allegations of fraud, dishonesty” and “incompetence” after the implosion of … Read more

The European Central Bank says that Bitcoin is on the “road to irrelevance”

The European Central Bank says that Bitcoin is on the “road to irrelevance”

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank strongly criticized bitcoins on Wednesday, saying that the cryptocurrency is on a “road to irrelevance.” In a blog post titled “Bitcoin’s last stand,” ECB CEO Ulrich Bindseil and analyst Jürgen Schaff … Read more

Crypto Entrepreneurs Fail To Capture Elon Musk’s Attention With A $600,000 Goat Statue

Crypto Entrepreneurs Fail To Capture Elon Musk’s Attention With A 0,000 Goat Statue

AUSTIN, Texas—Even as a cold night began to settle outside Tesla’s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they called their coin, accepted a sculpture of 12,000 pounds of a Mr. Musk-headed goat mounted on a rocket. It’s the latest gimmick in the … Read more

FTX will sell or restructure global empire, CEO says

FTX will sell or restructure global empire, CEO says

FTX’s new CEO said Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble over court documents and press releases over whether the bankruptcy filing should proceed in New York or Delaware. “Based on our review last week, we are pleased to learn … Read more