Features News Daily TheBitTimes.com

A former aide to Nigel Farage, who was previously convicted of wire fraud and allegedly found to be the owner of an illegal Crypto ATM, was apparently filmed alongside the far-right politician when he was ‘ milkshake’ d’ on Tuesday.  Financier George Cottrell — also known as ‘Posh George’ — appeared to be among Farage’s entourage at the Reform Party’s campaign launch in Essex when a member of the crowd threw a milkshake at the former UK Independence Party (UKIP) leader. This was the second milkshake thrown in the politician’s face. Cottrell was in his 20s when he took up a position as an unpaid advisor to Farage and began co-directing Brexit-related fundraising for UKIP. However, in July 2016 he was arrested and charged with 21 counts of conspiracy to commit money laundering, wire fraud, blackmail, and extortion. Is that George Cottrell leading the way for Farage? If it is, he’s a fascinating character https://t.co/JoIkryNN75...

On the 11th day of FTX founder Bankman-Fried’s historic trial , an expert witness reveals how several investments and loans were made from FTX’s customer funds.  Sam Bankman-Fried’s trial enters its 11th day, as the prosecutor calls multiple witnesses to testify. Today’s witnesses included Professor Peter Easton, who was employed by the litigation assistance firm Brattle to analyze the accounts of FTX and Alameda Research.  Testimony of Peter D. Easton, Professor of Accountancy at Notre Dame Easton is shown a balance sheet of funds going from FTX to Alameda.  47 Alameda accounts received money from FTX customer accounts in the presented balance sheet.  Several investments by Bankman-Fried were made from FTX customer funds. This includes:  Investments to Anthony Scaramucci’s Skybridge Capital and $100 million in Dave Inc. from a venture by Alameda.  Nishad Singh took $1 million from customer funds to make donations to the political committee M...

Sam Bankman-Fried’s historic trial has started today in New York City, as the former FTX CEO is set to be tried on seven different charges of wire fraud and money laundering. The historic trial of Sam Bankman-Fried, the founder of a crypto exchange FTX, has started today with jury selection. The trial began today at 10 AM New York time at the Daniel Patrick Moynihan Courthouse on 500 Pearl Street.  Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas Roos is leading the prosecution. The defense is being led by Mark Cohen. Here are the latest live updates from inside the courtroom:  Sam Bankman-Fried has entered the court with five lawyers.  SBF had received no plea offer from the prosecutor, affirmed by both lawyers.  Judge Kaplan indicates that the case might be decided in a couple of weeks (rather than six weeks, as believed by the lawyers) Judge Kaplan emphasizes that the Jurors must not read any posts, publ...

Four London teens have been sentenced to a total of 23 years in jail for stealing cell phones and Crypto in a series of knifepoint robberies across the city, after police tracked down their address through food deliveries paid for with stolen bank details. A total of 26 people were robbed by the group on the streets of London, according to an official statement by the Metropolitan Police. The teens would threaten their victims with knives, giving them no choice but to hand over their phones and passcodes. Victims’ cryptocurrency was then drained into hot wallets. In total, over £115,000 ($150,000) in crypto was stolen. The teens also used victims’ bank information to buy top-up cards and taxi fares, among other illicit purchases. According to the Met Police statement, the robberies took place between June 2021 and January 2022. This timeframe coincides with a Protos report detailing how crypto muggings in London’s financial district were on the rise between June and December 202...

Bull Bitcoin founder and maximalist Francis Pouliot endorsed research by Block21M on Tuesday, which accused a single entity of enjoying majority ownership of Bitcoin Ordinals. Within hours, the community debunked that research. Inscriptions are NFT-like pieces of data attached to subunits of bitcoin using Casey Rodarmor’s off-blockchain numbering system called Ordinal theory. Bitcoin users who opt-in to wallet software that support Ordinals can buy, sell, and transfer these NFTs. Inscriptions can store up to 4MB of data apiece on Bitcoin’s blockchain. Block21M’s research claims a single public key has produced the majority of all inscriptions. However, that key doesn’t own those inscriptions. Instead, the inscription-as-a-service website UniSat assisted in their creation.  UniSat has inscribed the vast majority of Ordinals since Rodarmor released his Ordinals software earlier this year. UniSat releases ownership after inscribors pay its fee. Therefore, according to independe...

Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another. Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission (SEC). In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to get more ruthless if companies continue to not comply: “You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres [men] in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.” “These senators are really fatigued, they’re really tired of gathering every six months when the next crypto company blows up and goes to zero,” he said, adding “because they’re totally unregu...

The FTX event was one of the most devastating falls of 2022. It has been painful for the millions of investors who invested their funds in the exchange. When the exchange filed for Bankruptcy , the little trust that they had in recovering their funds was also lost. Now, almost every day, new updates regarding the FTX case are surfacing. From the US DOJ seizing $455 million worth of SBF’s Robinhood shares, ex-FTX director Nishad Singh facing investigation, and FTX’s recent recovery of over $5 billion in cash and cryptocurrencies, a lot of things are happening with the FTX drama. In one of the most recent updates, a Delaware Bankruptcy judge has allowed the names of FTX creditors to remain sealed for one to three months. Source: Wired UK FTX bankruptcy judge said that he may change his mind in a future hearing Judge John Dorsey, who made the judgment regarding the privacy of the creditor names, also mentioned that he may change his mind in a future hearing. ...