After a month-long puzzle, Bahamian law enforcement announced the arrest of former FTX CEO Sam Bankman-Fried on Monday. SBF faces extradition to the United States, where several charges – money laundering, wire fraud, and securities fraud – have been filed against him.
Tesla and Twitter CEO Elon Musk has lost his position as the richest man in the world. The businessman is no longer the world’s wealthiest man after a decline in Tesla shares.
The Dow Jones Industrial Average jumped Monday to close around 500 points higher ahead of crucial fiscal metrics. The leading index gained ground on some of the steep losses suffered last week as investors await a critical Federal Reserve meeting.
Goldman Sachs has suggested that Gold will outperform Bitcoin long term owing to its drivers. The bank noted on Monday that the precious metal provides a better way to diversify one’s portfolio than the crypto asset.
On Tuesday, TRON founder Justin Sun deposited $100 million into Binance and provided an Etherscan link to validate the transaction. Sun’s action comes after Binance’s outflow hit $1.8 billion.
Coinspeaker Advent Calendar: TWT Coin Forecasts 2023
