NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge
Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. In the increasingly more intricate world of modern business, finance professionals stand at the crossroads of success and sustainability. Their responsibility has evolved as it is very important in navigating businesses through tough economic times. It
Reading time: 2 minutes You-Fan Chai, Manying Huang and Alaina Rhoades A team of three University of Hawaiʻi at Mānoa Shidler College of Business students won a national government case challenge, and each took home a $1,000 scholarship award. You-Fan Chai, Manying Huang and Alaina Rhoades spent several months analyzing data for a selected city,
South Korean Do Kwon presided over one of the biggest busts ever in the volatile crypto sector. His Terraform Labs Pte created the TerraUSD stablecoin, which was meant to have a constant $1 value via a complex mix of algorithms and trader incentives involving a sister token, Luna. Their combined value soared past $60 billion
Barclays will cut several hundreds of jobs in the coming months.Image: Olivia Harris (Reuters) Barclays and Citigroup are set to cut jobs from their investment bank divisions, people familiar with the cuts told Bloomberg on Wednesday. These cuts follow follow a spate of similar layoffs across other big banks. Is it too late to invest
Illustration: Dado Ruvic (Reuters) The U.S. Securities and Exchange Commission (SEC) is considering whether to classify Ether, the second-largest cryptocurrency by market cap, as a security. Fortune reports that the financial watchdog has sent subpoenas to three companies as part of probe of the Ethereum Foundation, the ecosystem that works behind the Ethereum blockchain network.
The money will help “leading-edge semiconductors made in the United States” keep “America in the driver’s seat of innovation,” U.S. Secretary of Commerce Gina Raimondo said on a call with reporters. Intel and the White House said their agreement is nonbinding and preliminary and could change. Intel has long been a stalwart of the U.S.
BEIJING (AP) — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said Wednesday. The lengthy paper by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years.
A sold-out crowd of 120 bargain-hunting fashionistas had the opportunity to shop with their hearts at Guadalupe Resale Shop’s annual Runway for Education Fashion Show & Private Sale. The March 10 event featured 13 volunteer models walking the runway in designer fashions pulled directly from the Resale Shop’s showroom floor. The
Springtime is spreading across the country. You can see it as daffodil, camellia, tulip and other blossoms start to emerge. You can also see it in the increasing number of for sale signs popping up in front of homes, along with the painting, gardening and general sprucing up as buyers get ready to sell. ×