Elizabeth Holmes sentenced to more than 11 years in prison for fraud

CNN — Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for defrauding investors while running the failed blood testing startup Theranos. Judge Edward Davila imposed a sentence of 11 years and three months in prison, with another three years of supervision after Holmes is released. … Read more

Crypto exchanges’ revenue surges to eclipse NYSE and Nasdaq

Global trading revenue generated by cryptocurrency exchanges hit $24.3bn in 2021 to surpass total revenue generated by traditional stock exchanges such as the New York Stock Exchange and the Nasdaq for the first-time ever, according to a report published by financial-services consultancy Opimas. The report estimates that revenue at crypto exchanges increased seven times from … Read more

Cryptocurrency won’t save Vladimir Putin

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — The isolation of Russia by much of the world economy may or may not convince Vladimir Putin to recall his invading troops from Ukraine (probably not). But it does mean pain … Read more

Women traders in crypto quadruple in five years

Trading remains a male dominated profession, but the number of women who are directly investing is growing, especially in crypto and decentralized finance. The share of women crypto traders has quadrupled to 12% in the last five years, according to data from the crypto exchange Bitstamp. They accounted for only 3% back in 2016. The … Read more

Budget 2022 Live Updates: Didn’t want to increase taxes at the time of pandemic, says FM Nirmala Sitharaman

Nirmala Sitharaman made a statement with her sartorial pick for Budget 2021. (Express photo by Praveen Khanna) The Budget comes at a time when India’s employment rate has plummeted. Historic unemployment and faltering growth not only exacerbated inequalities of income and wealth but also led to an increase in the absolute number of poor people … Read more

Crypto.com Will Run Its First Super Bowl Ad Amid Marketing Blitz

Representation of Crypto.com Arena. The company will run its first Super Bowl ad in February. Photo: Crypto.com Singapore-based cryptocurrency platform Crypto.com will run its first Super Bowl commercial in February as it seeks to become a household name. It is the latest in a series of moves by Crypto.com to get its name on the … Read more

Why painters and plumbers chatting about crypto worries R3’s boss

Cryptocurrencies are too risky for non-professional investors to handle, said the head of blockchain firm R3, pushing for regulators to better control the space as demand increases. “The Federal Reserve and other central banks are looking at how they can use this technology to bring efficiency to the market. [But] when you look at cryptocurrencies, … Read more

Crypto CEO Brian Armstrong Buys Los Angeles Home for $133 Million

Coinbase CEO Brian Armstrong is the buyer of a $ 133 million property in Los Angeles, according to people familiar with the deal. The transaction, which closed in December, is one of the most expensive single-family home sales ever completed in the Los Angeles area. The seller was a limited liability company linked to Japanese … Read more

Dogecoin Surges as Crypto Market Remains on Edge

Dogecoin Tuesday’s surge defied further weakness in crypto markets ahead of a key Federal Reserve meeting and new regulatory pressures. Tesla CEO Elon Musk hooked up to Doge Tuesday morning and tweeted that “Tesla will make it possible to buy something with Doge and see how it goes.” Musk sent the tweet at 5:34 am … Read more

Crypto and Its Many Fees: What to Know About the Hidden Costs of Digital Currency

Cryptocurrencies are designed to trade through online networks, without the need for banks or government support. However, many new investors are surprised to learn that using digital cash comes with costs, including unexpected fees. Below are some frequently asked questions. Crypto fees are essentially processing fees built into the networks that hold bitcoin and other … Read more