crypto
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 disgraced crypto financier, 31, guilty of wire fraud, securities fraud and money laundering. The charges stem from his fraudulent activities that involved customers on his FTX crypto exchange and lenders associated with his investment firm, Alameda Research. Bankman-Fried’s attorney, Mark Cohen, told reporters that he maintains his client...
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A class-action lawsuit was filed on Friday, listing cosmetics mogul Kim Kardashian and other celebrities paid to endorse a cryptocurrency EthereumMax (EMAX) as defendants along with the coin’s creators. The coin EthereumMax is not connected to Ethereum (ETH), which is currently one of the most widely-used cryptocurrencies. The suit claims the coin’s creators undertook a “pump-and-dump” scheme, wherein they inflated the value of their coin via celebrity endorsements, then tanked the stock value by selling their shares, leaving their investors with no returns. The suit listed plaintiffs as anyon...
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Melania Trump is getting into NFTs in her first public venture since leaving the White House almost a year ago. The former First Lady announced Thursday that she is selling an NFT for $150 and it will be available for purchase between December 16 and December 31, 2021. The NFT is the first digital art to be sold on her new platform, which will release NFT’s regularly and is powered by Parler, a conservative social media platform. “I am proud to announce my new NFT endeavor, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative,...
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