As the week comes to a close, 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 roller coaster week.
Former FTX CEO Sam Bankman-Fried Convicted of Fraud
The former CEO of FTX, Sam Bankman-Fried, was found guilty of seven counts of criminal fraud, following a recent jury verdict. Various charges were brought 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 turn in NFTs
Despite its 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 digital assets. Read the full article here.
Dogecoin ready for a bullish breakout
Crypto analyst Ali Martinez expressed his optimism regarding Dogecoin DOGE/USD, noting that it is breaking out of a multi-year descending triangle on the weekly DOGE chart. This, coupled 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 after Bankman-Fried conviction
Following the conviction of Sam Bankman-Fried, a renowned investor Pierre Schiff has denounced those he accuses of being complicit in Bankman-Fried’s fraudulent activities, including politicians and regulators. Schiff, a longtime Bitcoin critic and gold supporter, made his views known via Twitter. Read the full article here.
Dogecoin co-creator criticizes Bitcoin ATMs
Billy Markusthe co-creator of Dogecoin, expressed his dissatisfaction with Bitcoin BTC/USD vending machines over the weekend, calling them “scams.” The conversation took place 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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