BITCOIN

On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that both Ellison and Wang have been cooperating with law enforcement officials. The U.S. Securities and Exchange Commission (SEC) also charged Wang and Ellison the same day, and the Commodity Futures Trading Commission (CFTC) followed suit with charges. “Caroline Ellison and Gary Wang acknowledge liability,” the CFTC said in a statement on Wednesday. Wang and Ellison Are Cooperating With Law Enforcement U.S. attorney Damian Williams and the SDNY Department of Justice (DOJ) announced that the government has filed fraud charges against FTX co-founder Gary Wang and Alameda Research CEO Caroline Ellison. “Both [Ellison and Wang] have pleaded guilty to [the] charges,” Williams told the press. “And they are both cooperating with the [SDNY]. Let me re

Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident that the crypto industry will move forward despite the collapse of crypto exchange FTX. Guggenheim’s Scott Minerd Shares Crypto Outlook Guggenheim Partners Global Chief Investment Officer (CIO) Scott Minerd shared in an interview with Bloomberg last week his thoughts on the future of cryptocurrency following the implosion of crypto exchange in FTX. He was asked if he has confidence that bitcoin and crypto can move forward given the FTX fallout, subsequent contagion, and recent crypto market sell-offs. Minerd replied: “I do.” The CIO then proceeded to detail: “A year ago we were talking about crypto, and there were approximately 19,000 coins, to which my comment was, ‘this is mostly crap.'” He warned: There is going to be a washout. “Just like the internet bubble, we will have s