Tag: cryptocurrencies

Why Bitcoin Soars High on ETF Hype

Why Bitcoin Soars High on ETF Hype

Bitcoin (BTC) briefly rose above $35,000 for the first time since May 2022, driven by speculation that U.S. regulators will soon approve a Bitcoin exchange-traded fund (ETF). The price of BTC reached $35,086 on Tuesday, up over 17% in 48

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FTX's $1B Fraud Lawsuit Targets Ex-CEO and Executives

FTX’s $1B Fraud Lawsuit Targets Ex-CEO and Executives

Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation.  Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.

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