Top China Coins Ready To Skyrocket

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The Securities and Futures Commission (SFC) of Hong Kong suggested on February 20 that a licensing system be established for cryptocurrency exchanges, and in the near future, it will permit ordinary individuals to trade major cryptocurrencies such as Bitcoin and Ethereum. This article discusses the leading Chinese Coins and explains why they are likely to experience a significant increase in value soon.  Super unique NFT collection #TokenPunkies Hong Kong’s Green Signal to Crypto Trading According to the statement, every centralized cryptocurrency exchange that operates in Hong Kong is required to obtain a license from the regulatory authority. Interestingly, it appears that the United States is not the sole global financial powerhouse capable of causing market turbulence.   As mentioned previously, the People's Bank of China, the country's central bank, infused $92 billion USD into the market on Friday, surpassing the ongoing quantitative easing measures of the US Fed...
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Sam Bankman Freid Pleads Not Guilty

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Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case


Source: Yahoo finance

In a development that many expected, former CEO Sam Bankman-Fried officially pleads not guilty in the FTX fraud case. The Tuesday hearing has seen the disgraced founders’ official plea to criminal charges by United States prosecutors of fraud and conspiracy,

Bankman-Fried is accused of utilizing customer assets from his now-bankrupt crypto exchange platform to fund bets through hedge fund Alameda Research. Moreover, his not-guilty plea differs from the action taken by Alameda CEO Caroline Ellison, and fellow FTX founder Gary Wang.

Bankman-Fried Pleads Guilty in FTX Fraud

Through the relatively young history of the crypto industry, there has not been a scandal on the scale of FTX. Formerly one of the largest and most well-known crypto exchange platforms on the planet, now bankrupt with its top brass indicted on charges of fraud.

There was once a time when FTX represented a guiding light for the entire market. As the year presented unheard-of challenges, it was Sam Bankman-Fried and the company were the figureheads for a way forward. Yet, today is the Seminole day that marks Sam Bankman-Fried’s plea of not guilty in the high-profile fraud case.

The plea that took place before United States District Judge Lewis Kaplan of Manhattan today did not come as a surprise. It followed reports from Reuters that initially stated the guilty plea as a possibility. Conversely, his plea of guilty is one that is able to be changed at a later date, should he so choose.

The former crypto wunderkind is charged with two counts of wire fraud and six counts of conspiracy. Moreover, these include conspiracy to launder money and commit campaign finance violations. If convicted, Bankman-Fried could face up to 115 years in prison.

The latest hearing followed Bankman-Fried’s previous release on a $250 million bond after his extradition from Bahamian custody. Currently located in his parents’ California home, Bankman-Fried was held in the infamous Bahamas Fox Hill prison for eight days prior to his extradition.


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