The prosecution presented evidence that Bankman-Fried acted with criminal intent when he removed FTX customer funds and used that money to cover losses at Alameda and pay for other expenses, such as real estate and venture investments. Bankman-Fried’s sentencing date is March 28, and he faces a maximum sentence of 115 years in prison.īankman-Fried’s crimes include wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud and conspiracy to commit money laundering. On November 2, disgraced FTX founder and CEO Sam Bankman-Fried was found guilty on all seven criminal counts charged against him tied to the collapse of FTX and sister hedge fund Alameda Research in late 2022. Ethereum prices gained about 12% in the month and are up 56% overall so far in 2023. Solana (SOL) rallied another 57% in November, boosted in part by comments by Ark Invest CEO Cathie Wood, who praised the crypto’s high speed and low cost relative to Ethereum.Įven after a significant year-to-date rebound, Bitcoin prices remain down more than 45% from their all-time high of about $68,790 in November 2021.īitcoin prices gained more than 8% in November and are about 120% year-to-date. Bitcoin prices pulled back from those highs in the closing week of November but were on track to finish the month above $37,300.Īfter rising as high as $2,135 in the month, Ethereum (ETH) prices were on track to finish November above $2,030 as investors hope a potential spot Bitcoin ETF approval would open the door for a spot Ethereum ETF as well. Optimism surrounding potential SEC approval of a spot crypto ETF pushed Bitcoin prices to new 52-week highs above $38,000 in November. On Robinhood's Website November Crypto Market Performance
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |