Latest BITS News & Archive

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Bahamas Regulator Rebuffs FTX’s Claims About Digital Assets, Says Debtors Had ‘Incomplete Information’

The Securities Commission of the Bahamas has rejected FTX’s claims about the digital assets of its Bahamas unit that is held by the regulator.

News

Former FTX CEO Sam Bankman-Fried Pleads Not Guilty To Fraud Charges

Sam Bankman-Fried, the founder of FTX, pleaded not guilty to charges of fraud on his cryptocurrency platform in a Manhattan federal court on Tuesday.

News

Gemini Trust Company And Its Founders Winklevoss Twins Sued For Duping Customers Of $900 Million

Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, were sued by investors who said that the crypto asset exchange sold interest-bearing accounts which it didn't register as securities.

FTX founder Sam Bankman-Fried (C) is led away handcuffed from a Nassau

News

Former FTX CEO Sam Bankman-Fried Agrees To Extradition To US

Sam Bankman-Fried has reportedly agreed to go to the U.S. to face criminal charges related to the collapse of FTX.

News

Ex-FTX CEO Sam Bankman-Fried Arrested In Bahamas, To Be Extradited To US

Ex-CEO of failed cryptocurrency firm FTX, Sam Bankman-Fried, was arrested in the Bahamas Monday.

News

As El Salvador’s Crypto Investment Continues To Collapse, Country Signs Free Trade Deal With China

As El Salvador's Bitcoin investment collapses due to the closure and insolvency of a major crypto-exchange, the country on Tuesday signed a free trade deal with China.

News

New Jersey Instagram Influencer Allegedly Scammed People By Handing Out Cash

Instagram influencer Jay Mazini, real name Jebara Igbara was charged on Wednesday with up to 20 years in jail for charges of fraud and money laundering.

News

Russia Is Evading Sanctions With The Help Of Cryptocurrency?

Bitcoin mining in Russia remains steady, though sanctions could affect miners' calculus over time as the United States is taking a punitive approach.

News

Who Is Eun Young Choi? DOJ Names Cybersecurity Prosecutor To Bust Crypto Crimes

Deputy Attorney General Lisa Monaco confirmed Eun Young Choi as the first director of the National Cryptocurrency Enforcement Team.

News

Is Cryptocurrency Crowdfunding Ukraine's Military Against Russian Invasion?

Ukrainians are reportedly crowdfunding bitcoin to volunteers and hacking groups due to fear of attack by Russian troops massed near its border.

Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex

News

Cryptocurrency Scam: Are Prince Harry And Meghan Markle Really Endorsing Bitcoins?

Prince Harry and Meghan Markle have been used in fake endorsements to promote investment schemes related to Bitcoin.

News

Binance CEO Changpeng Zhao's Net Worth: He Is Reportedly The Richest Crypto Billionaire

Changpeng Zhao's net worth is now estimated at $96 billion making him the 11th richest person in the world.

News

Donald Trump Says Cryptocurrencies Are ‘Dangerous’ While Promoting Melania’s New NFTs

Donald Trump, who recently promoted wife Melania’s new NFTs, warned that cryptocurrencies are a “very dangerous thing.”

News

Aussie Man Who Claims To Have Invented Bitcoins Keeps Currency Worth Billions After Trial

Craig Wright, claimed to be the inventor of bitcoin, won a US court battle on Monday against the family of a deceased business partner.

Digital Life

AMD Zen 4 Chips Will Be Smaller But Faster, Should Intel Be Worried?

The Zen 4 CPUs could be a big game changer and pad the lead that AMD has over Intel in the 7nm processor race.

Digital Life

Nvidia Ampere GPU's 250W TPD Suggests RTX 3090 Rumors Are Right

The tech community has yet to see the new Nvidia Ampere GPU but the 250W TDP of the new A100 PCIe card suggests that the rumors about the RTX 3090 might actually be right.