ftx

CoinDesk Cuts a Reported 45% of Editorial Staff Ahead of Potential Sale

Gizmodo

The finger-on-the-pulse and Polk Award-winning crypto news media company CoinDesk is in dire straits. The website has reportedly laid off 45% of its editorial staff as parent company Digital Currency Group explores a sale.

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Sam Bankman-Fried is in an 'inhumane' Brooklyn jail often criticized for its condition, and where Ghislaine Maxwell previously complained of rodents

Tech Insider
Sam Bankman-Fried arriving at court wearing a suit and tie, and the Metropolitan Detention Center in Brooklyn.
Sam Bankman-Fried and the Metropolitan Detention Center, Brooklyn.

Michael M. Santiago/Getty Images; JOHANNES EISELE/AFP via Getty Images

Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tampering

Tech Insider
:59 FTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York.
FTX founder Sam Bankman-Fried arrived at federal court in Manhattan on Friday ahead of a judge revoking his bail, and sending him to jail, over witness-tampering.

Bebeto Matthews/AP Photo

Judge Throws Bankman-Fried Back in Jail

Gizmodo

Once the lord of a multibillion-dollar crypto empire under the FTX brand name, Sam Bankman-Fried will now have to prepare himself for his upcoming trial from a cell. A New York federal judge revoked Bankman-Fried’s bail and sent the crypto wiz to jail Friday to await trial later this year.

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PayPal's latest crypto play is a stablecoin pegged to the US dollar

Tech Insider : Crypto
paypal
PayPal is launching its first stablecoin.

Thomas White/Reuters

Does anyone care about crypto? Consumer transaction volume on Coinbase is down 70% from last year.

Tech Insider : Crypto
Coinbase CEO Brian Armstrong
Coinbase, whose CEO Brian Armstrong is pictured, saw transactions drop on the platform.

Patrick T. Fallon / Getty Images

Go check out this trove of photos showing Sam Bankman-Fried in his heyday in a private jet, penthouse, and FTX office — complete with a very messy desk

Tech Insider : Crypto
Sam Bankman-Fried
Sam Bankman-Fried had lived a life of fancy penthouse spaces, whimsical tech bro sports, and social events, photos published by Bloomberg show.

Photo by Michael M. Santiago/Getty Images)

The legal debate on whether cryptocurrencies are subject to SEC rules just got more complicated

Tech Insider : Crypto
GettyImages 1294702527
Mastercard and BNY Mellon have warmed to bitcoin, boosting other cryptocurrencies like XRP

Yuriko Nakao/Getty Images

Caroline Ellison took a $22.5 million bonus from Alameda, FTX alleges

Tech Insider : Crypto
Caroline Ellison
The FTX bankruptcy estate is asking a court in Delaware to help it get back "hundreds of millions of dollars" it alleges Sam Bankman-Fried and his top associates, including Caroline Ellison, "misappropriated" in their heyday.

Tyler Le, Jenny Chang-Rodriguez/Insider

Sam Bankman-Fried may soon go to jail for alleged witness tampering after leaking Caroline Ellison's diary entries

Tech Insider : Crypto
sam bankman fried
FTX founder Sam Bankman-Fried leaves Federal court on Wednesday.

AP Photo/Mary Altaffer

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