Sam Bankman-Fried’s Fraud Conviction In FTX Case, Elon Musk Takes Another Swing At NFTs And More: Crypto Round-Up This Week
By Benzinga
As the week wraps up, let’s take a look back at some of the major stories that hit the crypto world. From a high-profile conviction to a billionaire’s skeptical views on NFTs, it’s safe to say it’s been a rollercoaster of a week.
Ex-FTX CEO Sam Bankman-Fried Convicted of Fraud
The former CEO of FTX, Sam Bankman-Fried, has been found guilty on seven counts of criminal fraud, following a recent jury verdict. A variety of charges were leveled against him, including wire fraud, conspiracy to commit wire fraud, securities fraud, commodities fraud, and money laundering. The conviction could result in a maximum sentence of 115 years in prison. Read the full article here.
Elon Musk Takes Another Swing at NFTs
Despite his known affinity for certain cryptocurrencies, Elon Musk continues to express skepticism towards non-fungible tokens (NFTs). In a recent interview with podcaster Joe Rogan, Musk once again criticized the digital assets. Read the full article here.
Dogecoin Poised for Bullish Breakout
Crypto analyst Ali Martinez expressed optimism about Dogecoin (CRYPTO: DOGE), noting that it is breaking out from a multi-year descending triangle on the DOGE weekly chart. This, along with a buy signal from the TD Sequential indicator, reinforces the bullish outlook for DOGE. Read the full article here.
Peter Schiff Calls for Accountability Post Bankman-Fried Conviction
In the wake of Sam Bankman-Fried’s conviction, renowned investor Peter Schiff has called out those he alleges were complicit in Bankman-Fried’s fraudulent activities, including politicians and regulators. Schiff, a long-standing critic of Bitcoin and proponent of gold, made his views known via Twitter. Read the full article here.
Dogecoin Co-Creator Criticizes Bitcoin ATMs
Billy Markus, the co-creator of Dogecoin, voiced his dissatisfaction with Bitcoin (CRYPTO: BTC) ATMs over the weekend, labeling them as “ripoffs”. The conversation unfolded on social media in response to a user sharing a photo of a Bitcoin ATM. Read the full article here.
Cryptocurrency Photo by SvetlanaParnikova on Shutterstock
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