Tag - cryptocurrencies

 
 

CRYPTOCURRENCIES

Former FTX CEO Sam Bankman-Fried arrives at a courthouse in New York in March 2023. On Thursday, he was sentenced to 25 years in prison.
COMMENTARY / World
Apr 1, 2024
Sam Bankman-Fried's 25-year sentence is a warning to crypto
The former FTX CEO's conviction to 25 years in prison sends a clear message to cryptocurrency fraudsters. The costs of misconduct outweigh the benefits.
FTX co-founder Sam Bankman-Fried attends his sentencing hearing at Federal Court in New York on Thursday in this courtroom sketch.
BUSINESS
Mar 29, 2024
Sam Bankman-Fried sentenced to 25 years over FTX collapse
While there is no parole in the federal system, Bankman-Fried could be released a few years early for good behavior.
Police escort Do Kwon from court in Podgorica, Montenegro, on Saturday.
BUSINESS / Companies
Mar 26, 2024
Terraform goes on trial as Do Kwon awaits extradition in Montenegro
The trial is the latest in a series of high-profile legal confrontations in which U.S. regulators seek to assert greater control over the crypto industry.
Hackers linked to North Korea, among the most sophisticated in the business, are showing no signs of letting up in targeting the cryptosphere.
BUSINESS / Tech
Mar 23, 2024
North Korean hackers stalk crypto startups scrimping on security
Startups strapped for cash after a prolonged funding drought have cut security spending even as soaring digital-asset prices tempt hackers.
Former FTX chief Sam Bankman-Fried leaves Manhattan federal court in New York on Jan. 3.
BUSINESS
Mar 16, 2024
Sam Bankman-Fried should get up to 50 years in prison, U.S. says
A sentence of 40 to 50 years is necessary for the "historic” crime involving more than 1 million victims and losses of over $10 billion, prosecutors say.
Bitcoin showed its boom-or-bust character Tuesday with volatile price swings.
BUSINESS / Markets
Mar 6, 2024
Record surge marks new revival for Bitcoin
The cryptocurrency has experienced a breathtaking rebound this year amid strong demand from new U.S. exchange-traded funds.
At Crypto HK, a popular crypto store in Hong Kong, customers can buy cryptocurrencies with a minimum 500 Hong Kong dollars ($64) and are not required to provide any identity documents.
BUSINESS / Markets
Jan 28, 2024
Bruised by stock market, China rushes into banned bitcoin
More and more Chinese investors are using creative ways to own crypto assets they believe are safer than investing in stock and property markets at home.
The drop in funds stolen by North Korean hackers mirrors a larger trend in the cryptocurrency security landscape: an overall decline in hacks of the once-lucrative decentralized finance, or DeFi, protocols.
ASIA PACIFIC / Crime & Legal
Jan 25, 2024
North Korean hackers targeting crypto more but stealing less: report
The drop in funds stolen by North Korean hackers mirrors a larger trend in the cryptocurrency security landscape.
Elon Musk attends an interview in New York on Nov. 29.
BUSINESS / Tech
Jan 10, 2024
SEC’s ‘compromised’ account amplifies X mistrust, security concerns
The high-profile breach comes at a time when X and billionaire owner Elon Musk are seeking to win back trust from both users and advertisers.
A scientist works on a quantum computer at the IBM Quantum lab in Yorktown Heights, New York.
COMMENTARY / World
Jan 3, 2024
Your money may not survive a quantum heist
Prime numbers have served the internet age well, but the private sector and public authorities can no longer take their continued guardianship for granted.
South Korean Lee Kyung-woo was sentenced to life in prison in October for the kidnapping and murder of a 48-year-old woman over a crypto dispute.
ASIA PACIFIC / Crime & Legal
Dec 13, 2023
Crypto and ketamine: The murder that shocked South Korea
Case resembling K-drama plot emerges in safe and almost drug-free country where violent killings are rare.
U.S. national security adviser Jake Sullivan (left), South Korean national security adviser Cho Tae-yong (center) and secretary-general of Japan's National Security Secretariat, Takeo Akiba, at a news conference in Seoul on Saturday.
JAPAN
Dec 9, 2023
Japan, U.S., South Korea to step up action on North's cyberthreats
The national security advisers of the three countries met in Seoul on Saturday as Pyongyang warned that it would deploy more spy satellites.
Bitcoin’s revival from the 2022 crypto crash has weathered a U.S. crackdown that put Sam Bankman-Fried behind bars for fraud at FTX and handed top crypto exchange Binance and its founder Changpeng Zhao rap sheets and big fines.
BUSINESS / Markets
Dec 4, 2023
Bitcoin hits $40,000 level for the first time since May 2022
The token added as much as 2.9% to reach $40,867 and was just shy of that mark Monday in Singapore, taking its 2023 jump to 146%.
Yoshitaka Kitao, chief executive officer of SBI Holdings, says Japan is preparing the groundwork for the full-scale introduction of stablecoins.
BUSINESS / Companies
Nov 28, 2023
Circle enters pact with Japan’s SBI to spur USDC stablecoin usage
They will also establish a banking relationship and promote the use of Circle’s Web3 services in Japan.
A redacted online resume of a North Korean IT worker is shown in this screenshot obtained on Monday.
ASIA PACIFIC / Society
Nov 21, 2023
North Koreans use fake names to land remote IT work for cash
Landing a job outside North Korea to secretly earn hard currency for the country demands highly-developed strategies to convince Western firms.
Sam Bankman-Fried, founder of FTX, exits the federal courthouse in Manhattan in February.
COMMENTARY / World
Nov 5, 2023
Sam Bankman-Fried won't be the last crypto mogul behind bars
If Sam Bankman-Fried culpability for the "pyramid of deceit” behind FTX’s collapse seemed so obvious, it’s partly because he was prosecutorial gold.
Former FTX chief executive Sam Bankman-Fried leaves Manhattan federal court in New York in January.
BUSINESS / FOCUS
Nov 4, 2023
Swift FTX case vindicates prosecution ‘need for speed’
ON Thursday, the jury took only a few hours to convict Sam Bankman-Fried of treating FTX as his personal piggy bank.
Former FTX chief Sam Bankman-Fried leaves court following a bail hearing ahead of his October fraud trial, in New York City on July 26.  He was found guilty on all counts against him on Thursday.
BUSINESS
Nov 3, 2023
Sam Bankman-Fried found guilty on all counts at fraud trial
The panel reached its decision after five weeks of trial, and the former crypto tycoon now faces up to 110 years behind bars.
Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing on Capitol Hill in Washington in February 2022.
BUSINESS / Companies
Oct 28, 2023
FTX founder admits 'mistakes' but testifies he didn't defraud anyone
FTX founder Sam Bankman-Fried insisted he did not steal billions of dollars from customers when the cryptocurrency exchange collapsed last year.
FTX founder Sam Bankman-Fried faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, at federal court in New York City on Thursday, in this courtroom sketch.
WORLD / Crime & Legal
Oct 27, 2023
FTX founder Sam Bankman-Fried implicates lawyers in testimony
Accused of stealing billions of dollars from customers, Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy.

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Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on