THREAD: crypto
LifeLine™ Media threads use our sophisticated algorithms to construct a thread around any topic you want, providing you with a detailed timeline, analysis, and related articles.
News Timeline
FTX Founder Sam Bankman-Fried JAILED Ahead of Fraud Trial
— Sam Bankman-Fried, the founder of the now-bankrupt cryptocurrency exchange FTX, had his bail revoked on Friday as he awaits his October fraud trial. Judge Lewis Kaplan announced the decision in a Manhattan federal court after prosecutors accused Bankman-Fried of tampering with witnesses.
The former billionaire’s trouble escalated during a 26 July 2023 hearing when prosecutors alleged that he shared personal writings of his ex-partner Caroline Ellison with a New York Times reporter, a move they described as “crossing a line.”
Donald Trump POSTS to Instagram for the FIRST Time Since Ban
— The former president Trump has posted to Instagram promoting his digital trading cards that “sold out in record time” to the tune of $4.6 million. This was Trump’s first post in over two years since he was banned from the platform after the events of 6 January 2021. Trump was reinstated on Instagram and Facebook in January this year but has not posted until now.
SEC Charges Crypto Boss Do Kwon With FRAUD for Terra CRASH
— Regulators in the United States have charged Do Kwon and his company Terraform Labs with fraud that resulted in the billion-dollar crash of LUNA and Terra USD (UST) in May 2022. Terra USD, ironically labeled as an “algorithmic stablecoin” that was supposed to maintain a value of $1 per coin, reached a staggering $18 billion in total value before collapsing to almost nothing within two days.
Regulators took particular issue with how the Singapore-based crypto firm deceived investors by advertising UST as stable using an algorithm that pegged it to the dollar. However, the SEC claimed it was “controlled by the defendants, not any code.”
The SEC’s complaint alleged “Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities,” and stated the whole ecosystem “was simply a fraud.”
Crypto Community FUMING After Charlie Munger Says to Follow China’s Lead and BAN Crypto
— Warren Buffett’s right-hand man Charlie Munger sent shockwaves throughout the crypto community after publishing an article in the Wall Street Journal titled “Why America Should Ban Crypto.” Munger’s premise was simple, “It isn’t currency. It’s a gambling contract.”
BULLISH on Bitcoin: Crypto Market ERUPTS in January as FEAR Turns to GREED
— Bitcoin (BTC) is on track to have the best January in the last decade as investors turn bullish on crypto after a disastrous 2022. Bitcoin leads the way as it approaches $24,000, up a massive 44% from the beginning of the month, where it hovered around $16,500 a coin.
The broader cryptocurrency market has also turned bullish, with other top coins such as Ethereum (ETH) and Binance Coin (BNB) seeing substantial monthly returns of 37% and 30%, respectively.
The upturn comes after last year saw the crypto market plunge, fueled by fears of regulation and the FTX scandal. The year shredded $600 billion (-66%) from Bitcoin’s market cap, ending the year worth only a third of its 2022 peak value.
Despite the ongoing concerns of regulation, the fear in the market looks to be shifting to greed as investors take advantage of bargain prices. The rise may continue, but savvy investors will be wary of another bear market rally where a sharp sell-off will send prices back to Earth.
SOLD OUT: Trump’s Superhero NFT Trading Cards Sell Out in Less than ONE Day
— On Thursday, President Trump announced the release of “limited edition” digital trading cards depicting the president as a superhero. The cards are non-fungible tokens (NFTs), meaning their ownership is securely verified on blockchain technology.
FTX Founder Sam Bankman-Fried (SBF) ARRESTED in Bahamas at Request of US Government
— Sam Bankman-Fried (SBF) has been arrested in the Bahamas at the request of the US government. It comes after SBF, the founder of bankrupt crypto exchange FTX, agreed to testify before the US House Committee on Financial Services on 13 December.
Former FTX CEO Sam Bankman-Fried WILL Testify Before the US House Committee on 13 December
— The founder of collapsed cryptocurrency trading firm FTX, Sam Bankman-Fried (SBF), tweeted that he is “willing to testify” before the House Committee on Financial Services on the 13th of December.
In November, FTX’s native token plunged in price, causing customers to withdraw funds until FTX could not meet the demand. Subsequently, the company filed for Chapter 11 bankruptcy.
SBF was once worth almost $30 billion and was the second-largest donor to Joe Biden’s presidential campaign. After the collapse of FTX, he is now under investigation for fraud and worth less than $100 thousand.
Invalid Query
The keyword entered was invalid, or we couldn't gather enough relevant information to construct a thread. Try checking the spelling or entering a broader search term. Often simple one-word terms are enough for our algorithms to build a detailed thread on the topic. Longer multi-word terms will refine the search but create a narrower information thread.
Chatter
What the world is saying!
Katie took a chance on us when we were a little known crypto exchange, back when very few people believed in the technology, and I'll always be grateful for that. She’s been our longest serving...
. . .?Rewards+?– the loyalty programme built for all – is now available worldwide ? ? Up to 10% p.a in Earn Plus bonuses ? Up to 8% back in http://Crypto.com Visa Card rewards ?...
. . .