A federal judge reportedly denied the Securities and Exchange Commission’s (SEC) request to appeal a ruling regarding Ripple Labs’ cryptocurrency, XRP. U.S. District Judge Analisa Torres ruled in July that XRP does not constitute a security when sold to the general public, which was seen...
It is the first day of the rest of FTX co-founder Sam Bankman-Fried’s life. And he even looks a little different. The one-time paper billionaire and crypto entrepreneur showed up to the first day of his criminal trial on Tuesday (Oct. 3) sporting a clean...
Chicago is at the center of a heated debate over the practice of treating tips as wages. Lawmakers in the city are considering a new law that would require restaurants to pay waitstaff the city’s standard minimum wage, regardless of how much they earn in...
The criminal trial of FTX founder Sam Bankman-Fried started Tuesday (Oct. 3). Things kicked off at 9:30 a.m. at a Lower Manhattan federal court with voir dire questioning about the various qualifications of the potential jurors. But before the trial officially began, the former crypto...
Jurors in FTX founder Sam Bankman-Fried’s trial may not be familiar with cryptocurrencies. And as The Wall Street Journal (WSJ) reported Tuesday (Oct. 3), that lack of knowledge might be something both the prosecution and the defense use to their advantage. Bankman-Fried, 31, is charged with defrauding customers...
It took around five days for the cryptocurrency exchange FTX to implode last November. It will take around five or six weeks for the founder of the failed exchange’s criminal trial to play out, where his guilt in misappropriating the billions of customer funds that...
Cooler Screens, a company that sells digital advertising space on refrigerator door screens, is reportedly involved in a legal dispute with Walgreens. The dispute arose after Walgreens installed Cooler Screens’ technology, which replaces traditional cooler doors with digital screens that play targeted ads, The Wall...
While the U.S. Department of Justice (DOJ) has precluded the testimony of all of accused crypto fraudster Sam Bankman-Fried’s seven witnesses in his imminent trial, the prosecution team is readying a deep bench of his former colleagues, investors and customers. Bankman-Fried’s trial, the result of...
When Sam Bankman-Fried heads to trial, his former customers will likely testify against him. Bankman-Fried, founder of the bankrupt cryptocurrency exchange FTX, will go on trial this week for allegedly masterminding one of the largest fraud cases in U.S. history. In a court filing Saturday (Sept. 30),...
