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News & Articles By Arsenio Toledo
10/12/2023
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By Arsenio Toledo
Sam Bankman-Fried directed executives to COMMIT CRIMINAL FRAUD for him, including donating over $10 MILLION to Biden
Cryptocurrency trader and former Alameda Research CEO Caroline Ellison recently testified at the trial of Sam Bankman-Fried that she was directed to donate $10 million to the presidential campaign of Joe Biden. Alameda Research is the sister company of Bankman-Fried’s now-defunct cryptocurrency exchange platform FTX. Prosecutors are alleging that Bankman-Fried defrauded customers and investors on FTX […]
08/15/2023
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By Arsenio Toledo
Sam Bankman-Fried indicted AGAIN for allegedly using $100M in stolen customer funds for political donations
A new indictment filed by federal prosecutors against cryptocurrency exchange FTX co-founder Sam Bankman-Fried alleged that he used more than $100 million in stolen customer funds to make political campaign contributions right before the 2022 United States midterm elections. The 31-year-old former billionaire was charged with seven counts of conspiracy and fraud after the collapse of […]
01/11/2023
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By Arsenio Toledo
Cameron Winklevoss calls for Digital Currency Group CEO Barry Silbert to be removed, citing alleged lies about finances
Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, has penned an open letter calling for the removal of Barry Silbert as the CEO of the Digital Currency Group. The Digital Currency Group, or DCG, is a Stamford, Connecticut-based conglomerate that is the parent company of several high-profile cryptocurrency firms, including digital currency-focused news site CoinDesk […]
01/11/2023
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By Arsenio Toledo
Coinbase announces second mass layoff – 20% of workers to lose jobs
Coinbase is once again slashing its workforce in response to the ongoing downturn in the cryptocurrency industry. The publicly traded cryptocurrency exchange announced that it is planning to reduce its headcount by around 950 employees as part of the company’s restructuring effort that it expects to be completed by the end of the second quarter of […]
01/10/2023
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By Arsenio Toledo
HYPOCRISY: Federal Reserve warns banks against using crypto while planning to develop its own digital currency
The Federal Reserve along with other federal agencies have issued a joint statement warning banks against using cryptocurrencies just as the Fed is deliberating over possibly issuing a central bank digital currency (CBDC) in the United States. The Fed was joined in its statement by the Federal Deposit Insurance Corporation (FDIC) and the Office of […]
12/21/2022
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By Arsenio Toledo
Coming economic collapse will be used to close banks and introduce central bank digital currencies
The coming global economic collapse will come with it the quick adoption of central bank digital currencies (CBDCs) around the world This is according to Clive Thompson, former managing director at Union Bancaire Privee, a private bank and wealth management firm in Geneva, Switzerland. He warned that this coming global financial crisis will start in one country and spread […]
12/20/2022
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By Arsenio Toledo
Investors are leaving the cryptocurrency industry en masse as collapse continues
More investors are leaving the cryptocurrency industry as the values of crypto assets continue their freefall. Cryptocurrency fund asset managers saw their investors withdraw $20 billion worth of assets from the crypto industry in November. This accounts for nearly 15 percent of total crypto assets under management (AUM), bringing the collective AUM of crypto fund […]
12/14/2022
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By Arsenio Toledo
Bahamian government wants to take back $256 million-worth of luxury properties bought by FTX executives (with other peoples’ money)
Lawyers in the Caribbean archipelagic nation of the Bahamas say FTX founder and CEO Sam Bankman-Fried and co-CEO Ryan Salame spent $256.3 million buying different properties in the country. Now, regulators want all of these properties returned to the state. The Bahamian officials went to a federal court in Delaware asking the court to dismiss FTX’s […]
12/13/2022
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By Arsenio Toledo
Bored Ape Yacht Club NFT investors suing celebrity promoters for misleading and fraudulent endorsements of the failed product
A-list celebrities, including television host Jimmy Fallon, actress Gwyneth Paltrow and singer Justin Bieber, have been sued in a class action suit accusing them and other celebrities of fraud after they promoted Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs). The suit claims that celebrities, which also include pop singer Madonna and socialite Paris Hilton, pumped up […]
12/06/2022
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By Arsenio Toledo
Crypto stocks PLUMMET: Industry nearing collapse as financial analysts warn most crypto firms unlikely to survive long-term
Stocks for companies in the cryptocurrency industry have plummeted. Analysts and investors still can’t figure out when this downfall will bottom out, but many of them believe that most crypto firms are unlikely to survive long-term. Publicly-traded cryptocurrency companies like Coinbase Global Inc., Galaxy Digital Holdings Ltd. and MicroStrategy Inc. all had their stocks plummet in […]
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