Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case – Bitcoin News

Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago by a federal grand jury in Manhattan, and prosecutors charged the crypto exchange co-founder with eight different offenses. The charges include conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to…

Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges

In a superseding indictment filed with the United States District Court for the Southern District of New York on Feb. 22, U.S. Attorney Damian Williams alleged Bankman-Fried’s actions in the matter involving FTX and Alameda warranted 12 charges. According to the indictment, these included: Conspiracy to Commit Wire Fraud on Customers of FTX Wire Fraud on Customers of FTX Conspiracy to Commit Fraud on Customers of FTX in Connection with Purchase and Sales of Derivatives Fraud on Customers of FTX in Connection with Purchase and Sales of Derivatives Conspiracy to…

Coinbase launches its own layer-2 network for building decentralized apps

On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain. According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering access to other L1 ecosystems like Solana and making it interoperable with other chains. It will also provide access to Coinbase’s products, users and tools as well as easy fiat on-ramps and powerful acquisition tools.…

16 ways crypto leaders can help bridge the gap between Web3 and TradFi

When it comes to traditional finance, crypto and blockchain leaders are faced with something of a disconnect. TradFi firms are in one sense competition, but unless TradFi comes to embrace Web3, Web3 can’t reach its full potential. Complicating efforts to reach out to TradFi are mutual feelings of uncertainty: Crypto and blockchain pioneers fear that TradFi’s influence may weaken the consumer- and transparency-first commitment industry enthusiasts value, while TradFi firms are wary of a new industry whose technology and guidelines they don’t understand. With its long history, traditional finance is…

Cointelegraph Top 100 reveals the second-place of the 2023 edition

Cointelegraph has reached the No. 2 spot on its 2023 Top 100 list: Ethereum co-founder Vitalik Buterin, who had a significant impact in 2022 and is expected to continue influencing the crypto space in 2023. Sitting among a sizable list of other co-founders of the Ethereum blockchain, Buterin was the one who wrote its white paper. DISCOVER COINTELEGRAPH’S TOP 100 IN CRYPTO AND BLOCKCHAIN 2023 Ethereum has since gone on to become a dominant force in the crypto space, with two other co-founders also sitting high atop Cointelegraph’s 2023 Top 100 —…

Cointelegraph launches major update to its institutional-grade crypto intelligence dashboard

Cointelegraph Markets Pro is an all-in-one institutional-grade crypto market intelligence platform offering traders of all backgrounds real-time alerts for potential price movements before they occur.  The Cointelegraph Markets Pro platform was created with the aim to narrow the divide between institutional and retail investors. Its proprietary tools — like the Newsquakes™ indicator, the VORTECS™ Score and the Tweet Sentiment indicator — are the platform’s primary methods of achieving this goal. Looking back at Cointelegraph Markets Pro alerts performance shows that the institutional-grade platform has been a resounding success. Since 2021,…