Bankman-Fried sentenced to 25 years in prison.

Sam Bankman-Fried has been sentenced to 25 years in prison.   FTX imploded in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX, has been sentenced to 25 years in prison. origin »

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Indonesia to get crypto regulatory overhaul.

Indonesia’s Financial Services Authority (OJK) today announced some significant changes to its cryptocurrency regulation are coming. As of January 2025, cryptocurrencies will fall under a new regulator within the country – the OJK, as opposed to commodities and futures trading regulator, Bappebti. origin »

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Algotech in focus following Saudi Arabia AI fund news.

Saudi Arabia is reportedly in discussions with venture capital firms including Andreessen Horowitz to set up a $40 billion AI fund. S&P 500 is keeping strong on the back of AI Evidently, the Kingdom wants to stretch its arms in artificial intelligence – a market that’s been growing at an exceptional pace with no a […] origin »

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Sam Bankman-Fried sentenced to 25 years in prison.

Sam Bankman-Fried has been sentenced to 25 years in prison for orchestrating the $8 billion fraud scheme that precipitated the collapse of the cryptocurrency exchange FTX. Following his conviction on seven counts of wire fraud and conspiracy in November 2023, the former billionaire entrepreneur received his sentence. origin »

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