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Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

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Sam Bankman-Fried convicted of multi-billion dollar FTX fraud

NEW YORK, Nov 2 (Reuters) – FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all … Read more

Analysis: Time for central bank digital currencies to prove their worth

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Analysis: Time for central bank digital currencies to prove their worth

LONDON, Oct 22 (Reuters) – A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 … Read more