Traders who see $BTC’s price going up are paying those betting against the coin to keep their bullish positions open. That bodes well for the cryptocurrency.
and conspiracy charges., who is facing eight criminal charges including wire fraud and campaign-finance violations, pleaded not guilty to all charges via his lawyer at a hearing in federal court in New York. The former CEO of the now-bankrupt crypto exchange FTX made his second appearance in the courthouse on Tuesday.
At his first appearance last week, he was released on a personal recognizance bond, and shortly after, flew back to his parents' home in California. His not guilty plea was expected,37,000 mining rigs it hosts for Celsius Mining. Core turned the machines off after moving to reject its contract to host the equipment. The two firms have been engaged in litigation over the 2020 deal, which Core Scientific says is costing it $2 million in revenue per month.
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First Mover Americas: Legal Troubles Brewing at Digital Currency GroupThe Gen_Capital-DCGco loan has led to a class-action arbitration case from Gemini and the U.K. gives foreign investors crypto tax exemption. LedesmaLyllah reports.
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First Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7KBitcoin started the new year trading in the same narrow range that it occupied for the last two weeks of 2022...The price of exchange tokens tends to follow the news and has been unaffected by potential SEC actions. JPRubin23 and TheSamReynolds report
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Bankman-Fried's parents have been physically threatened, his lawyers saySam Bankman-Fried's parents have been getting physical threats since the collapse of their son's now-bankrupt FTX cryptocurrency exchange, his lawyers said on Tuesday. The disclosure was made in a filing in Manhattan federal court, where the lawyers asked that the names of two remaining sureties for Bankman-Fried's $250 million bond not be disclosed. Bankman-Fried has been required to live with his parents, Joseph Bankman and Barbara Fried, with electronic monitoring since bail conditions were set.
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Exxon, Chevron Focus on Oil Projects in the AmericasThe two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
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Bankman-Fried set to enter not guilty plea in FTX fraud caseSam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.
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