FTX Fallout: SBF Family Implicated In $100 Million Political Donation Scheme
The saga of FTX, the fallen cryptocurrency exchange, takes a shocking turn as new evidence suggests founder Sam Bankman-Fried (SBF) wasn’t acting alone. Emails obtained by the Wall Street Journal allege a $100 million political donation scheme orchestrated by SBF and his entire family, raising serious questions about campaign finance violations and the misuse of […]
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Where there's a politician, there's a request for a donation. It's no different with Steve Stockman - Representative of the 36th congressional district in the state of Texas. Stockman now has a donation page up on his website allowing users to submit funds via a connection with digital payments processor BitPay for his run for United States Senate. This is not Stockman's first run-in with bitcoin. He was seen at a New Year's Eve party at 'The Bitcoin Center' in Manhattan's financial district holding up a QR code with a donation address. Could this be the start of a new thing in the....
As the drama and contagion surrounding the FTX fallout continues to unfold, so too have the sports brands, personalities and properties that were associated with the exchange. Part of why FTX’s damage is seemingly so residual lies within the fact that the firm’s reach began to touch so many different verticals: from political donations and […]
The US Federal Election Commission (FEC) has determined that political campaigns and political action committees (PACs) may accept bitcoin as a form of in-kind donation under current federal election laws. The FEC previously delayed a decision on a request for clarification from Make Your Laws (MYL) - an organisation that facilitates political contributions - which sought guidance on how it could go about accepting and using bitcoin donations, as well as general rules for handling digital currencies. In its draft report, the FEC tracks closely with comments made previously by the....
The fallout from an alleged pyramid scheme in Vietnam that used digital money transfers has seen bitcoin come under the crosshairs of governmental authorities who have – once again – warned everyday Vietnamese citizens against using the cryptocurrency. This, despite the perpetrators running the website linked to the alleged pyramid scheme, not having actually used bitcoin in their illegal enterprise that is said to have netted over $100,000, according to a report on Bloomberg BNA. Regional publication Giadinh reveals the means through which a pyramid scheme works by exploiting the interest....
John Bush and Catherine Bleish began a road trip across the US with their family of four this week, during which they will only spend bitcoin. Beginning in San Marcos, Texas, they drove into Washington on Friday, the first stop on their 'Uncoinventional Living Tour', for the Bitcoin in the Beltway conference. The self-dubbed 'Blush' family will drive for four weeks and 4,400 miles, also stopping in Lancaster, New Hampshire for the 11th annual Porcupine Freedom Festival and then to Kansas City, Missouri - Bleish's hometown - over the Independence Day holiday, before finally returning back....