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Sam Bankman-Fried Released on $250 Million Bail

Sam Bankman-Fried Released on $250 Million Bail

Sam Bankman-Fried was freed on a $250 million bond after making his initial appearance in a US court to face fraud charges related to the collapse of FTX. A $250 million personal recognisance bond backed by his parents’ California house is part of a bail package. In an indictment announced Dec. 13, Manhattan federal prosecutors accused Bankman-Fried, 30, of organising …

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Bitcoin

Bitcoin Price Reaches Key Support, Why BTC Could Start Fresh Increase

Bitcoin price is correcting gains from well above $35,000 against the US Dollar. BTC is approaching a major suppot near $32,350, where the bulls might take a stand. Bitcoin started a downside correction from the $36,650 zone. The price is now trading below $34,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with …

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Parabolic Bitcoin Indicator Points To Dangerous Collapse To Below $20K

Parabolic Bitcoin Indicator Points To Dangerous Collapse To Below $20K

Bitcoin price is in a downtrend, after spending nearly a full year in a parabolic uptrend. An indicator bearing the “parabolic” name on monthly timeframes has given a signal, that according to past instances, has always resulted in a catastrophic fall in the top cryptocurrency by market cap. Even if the resulting selloff ends up being the weakest ever following …

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