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The value of a cryptocurrency named HairyPlotterFTX (FTX) surged by 510% following the guilty verdict of FTX founder, Sam Bankman-Fried, on charges of defrauding customers and lenders. Meanwhile, FTX's native token FTT (CRYPTO: FTT) is down 1.20%. Bankman-Fried could face several decades in prison, with sentencing set for March 28, 2024.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 5:54 am

DOGEUSD

Sam Bankman-Fried, the founder of FTX, has been found guilty of seven criminal counts, including wire fraud and conspiracy to commit securities fraud. Following the verdict, Dogecoin co-creator Billy Markus criticized Bankman-Fried for his actions. The price of Dogecoin (DOGE) has fallen by 3.76% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 3:05 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a drop after Sam Bankman-Fried, founder and former CEO of FTX, was found guilty of defrauding his customers and lenders. Despite this, analysts predict an 'explosive' phase for Bitcoin as long-term indicators turn bullish. Meanwhile, the S&P 500 and Nasdaq Composite saw gains as Treasury yields decreased, and labor market data showed easing inflation and a slowdown.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 2:32 am

BTCUSD

Sam Bankman-Fried, former CEO of FTX, has been convicted on seven counts of criminal fraud. Investor Peter Schiff has called for accountability from politicians and regulators who he claims were complicit in Bankman-Fried’s fraudulent activities. Schiff, a critic of Bitcoin and advocate for gold, believes that free markets are more adept at regulation than these entities.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 1:13 am

BTCUSD

ETHUSD

Sam Bankman-Fried, the former CEO of FTX, has been found guilty on seven counts of criminal fraud, including wire fraud, securities fraud, commodities fraud, and money laundering. The charges could lead to a maximum sentence of 115 years in prison. The court case revolved around whether Bankman-Fried knowingly misappropriated $10 billion in customer funds from FTX's crypto exchange for personal and business expenses.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 12:22 am

BTCUSD

ETHUSD

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been found guilty in relation to the collapse of the exchange. The details of the conviction are not provided in the article.

Portfolio Pulse from Charles Gross

November 03, 2023 | 12:14 am

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A federal jury in Missouri ruled that the National Association of Realtors and major real estate companies, including HomeServices of America and Keller Williams, were guilty of conspiring to keep commission rates high. The verdict could lead to a shift in the way home buyers and sellers interact, potentially lowering commission costs. The decision has already impacted the market for real estate services, with stocks such as Zillow, Compass Inc, and Redfin Corp experiencing drops.

Portfolio Pulse from Natan Ponieman

November 02, 2023 | 8:57 pm

USDTUSD

A Chinese court has sentenced 21 people for online fraud involving the movement of $307 million in Tether (USDT) to local P2P exchanges for conversion to Renminbi. The funds were later withdrawn in traditional currency under false pretenses. The source of the USDT is unknown, but it is a popular digital asset used by fraud rings in Southeast Asia. This comes after China lifted its ban on non-fungible tokens (NFTs) and declared all cryptocurrency transactions as illegal in September 2021.

Portfolio Pulse from Khyathi Dalal

November 02, 2023 | 6:47 pm

RDFN

Bob Goldberg, the chief executive of the National Association of Realtors (N.A.R.), has resigned following a $1.8 billion verdict against the organization and allegations of sexual harassment. The N.A.R. and several brokerages were ordered to pay damages for conspiring to inflate home commissions. Nykia Wright, former CEO of the Chicago Sun-Times, will serve as interim CEO. The N.A.R. plans to appeal the verdict.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:10 pm

Dupont has recognized a liability of $401M related to a settlement deal concerning the Aqueous Film-Forming Foams multi-district litigation, as per a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:06 pm