Tag: Bitcoin

2024-12-06

MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone

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CFOTO | Future Publishing | Getty Images Cryptocurrency-related stocks gave up big gains Thursday even after the price of bitcoin soared above $100,000 for the first time overnight. MicroStrategy dipped into negative territory to slip 4.8% after surging more than 7% earlier in the day. Riot Platforms and Mara Holdings fell around 5% and more than 4%, respectively. Meanwhile,…

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2024-12-06

Bitcoin falls below $100,000 after reaching the milestone level for the first time

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The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On Wednesday night, it rose…

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2024-10-19

Trump crypto project allows ex-president’s family to make 75% of revenue

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Donald Trump’s crypto project, World Liberty Financial, published a 13-page document Thursday that described its mission and how tokens can be allocated, and that indicated that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the “World Liberty Gold Paper,” World Liberty Financial, or WLF, said the Trump family will…

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2024-09-25

Bankman-Fried accomplice Caroline Ellison sentenced in FTX fraud

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Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison term was significantly stiffer…

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2024-09-18

New details, including who can buy in

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More than two hours into Republican former President Donald Trump’s World Liberty Financial launch event on X Monday night, the team behind the Trump family’s new crypto project finally unveiled a key detail: Who can buy the forthcoming tokens it plans to release, and how shares of the project will be allotted. For over a month, the former president and his…

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2024-09-13

FTX exec Ryan Salame threatened with sanctions for lying

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Former FTX executive Ryan Salame outside of U.S. District Court in Manhattan, Sept. 12, 2024 MacKenzie Sigalos | CNBC A furious federal judge on Thursday threatened to slap unspecified sanctions on former FTX executive Ryan Salame for lying to him last year when he pleaded guilty to campaign finance and money transmitting crimes. Salame at a hearing Thursday in U.S….

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