The judge said the former crypto mogul had lied during his testimony and shown no remorse for stealing $US8 billion from customers.
Drug empires,life-destroying scams and extravagantly lavish lifestyles have been fuelled by a spike in cryptocurrency crime as criminals exploit its anonymity to manipulate extraordinary amounts of cash.
Craig Wright has for eight years claimed that he was the man behind “Satoshi Nakamoto,” the pseudonym that masked the identity of the creator of bitcoin.
The former prime minister was promised a huge public farewell in his beloved Sutherland Shire. But RSVPs were more a trickle than a deluge.
Bitcoin is back at record levels,but its time in the sun might be short-lived.
Despite its extreme volatility,cryptocurrencies such as bitcoin are gaining popularity with self-managed super funds,with over $1 billion invested.
The Australian sharemarket rallied in late trade to finish less than a point shy of its record closing high,after government data showed retail sales were softer than expected in January,boosting optimism the Reserve Bank’s interest-rate cuts are gaining traction in its fight against inflation.
Sam Bankman-Fried is facing a sentence of up to 100 years for orchestrating the fraud that brought down the cryptocurrency exchange.
At 28,Edward Craven has built Stake.com into one of the world’s biggest gambling enterprises. But there is another side to its hot streak.
Bitcoin exchange-traded fund listings in the United States have contributed to the cryptocurrency’s strength,sending its price past $76,000.
Australian tech entrepreneur Fred Schebesta’s main company was last valued at $650 million,but he still uses two-ply toilet paper and his go-to shoes are six years old.