Editing by Peter Thal Larsen and Thomas Shum
Crypto
Breakingviews – Breakingviews: SBF’s guilty verdict will help crypto break free
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Judge Lewis Kaplan watches as FTX founder Sam Bankman-Fried testifies in his fraud trial over the collapse of the bankrupt cryptocurrency exchange, at federal court in New York City, U.S., October 27, 2023 in this courtroom sketch. REUTERS/Jane Rosenberg Acquire Licensing Rights
NEW YORK, Nov 2 (Reuters Breakingviews) – Just over a year ago, Sam Bankman-Fried might have been counting his large stash of virtual coins. Soon, he may be counting bars in prison instead. A Manhattan jury on Thursday convicted the FTX founder of seven counts related to crimes he committed at the helm of the now-bankrupt cryptocurrency exchange. With some $8 billion in customer funds stolen, his misdeeds will go down as one of the biggest financial frauds on record. Bankman-Fried’s shot at redemption is all but over, yet for the broader cryptocurrency business it could provide a long-awaited chance to move forward.
The trial of the former billionaire widely known as SBF lasted roughly four weeks, but it took the jury just over four hours of deliberation to unanimously determine his guilt. Several ex-colleagues testified against him in court, saying he siphoned customer funds away from the exchange to finance personal investments, political contributions and even charitable donations. He didn’t garner much sympathy while on trial. Even the judge overseeing the case chided him for evasive answers on the witness stand.
The outlandish details of FTX’s collapse fueled broader mistrust of the cryptocurrency sector. Crypto and blockchain startups raised less money in the last four quarters combined than in the first quarter of 2022, when FTX was still riding high, according to research by digital asset investment firm Galaxy Digital. The failed firm’s tentacles seemed to extend to every corner of the sector, from lenders like Genesis to hedge funds like Three Arrows Capital. To be sure, the speculative bubble in crypto would probably have deflated even without Bankman-Fried. But his prominent role in promoting U.S. legislation to govern such assets meant that his downfall in some ways halted progress entirely.
Yet despite widespread predictions of cryptocurrency’s demise, there is still a market for virtual assets. The price of bitcoin has more than doubled this year as large financial institutions like BlackRock (BLK.N) seek to make the virtual currency more respectable. Even FTX may be set for its own rebirth. CEO John J. Ray III is working on a payout plan for customers who lost money. The bankrupt exchange is also negotiating with three bidders to help it relaunch trading services, Bloomberg reported last month.
Assistant U.S. attorney Nicolas Roos said in his closing statement before the jury, “this is not about complicated crypto, it’s about deception.” Even if Bankman-Fried appeals the verdict, his swift conviction should cause a collective sigh of relief from firms using blockchain technology to solve real problems like streamlining cross-border payments and remittances. Crypto enthusiasts argue that technology permits the creation of decentralized financial networks. It may take some old-fashioned U.S. justice to restore trust in the idea of a trustless system.
Follow @AnitaRamaswamy on X
CONTEXT NEWS
A jury in Manhattan federal court on Nov. 2 convicted Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, of seven counts related to wire fraud and money laundering in connection with his role in its collapse.
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)
Our Standards: The Thomson Reuters Trust Principles.
Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Crypto
Quid Miner Launches Global Cloud Mining Mobile App to Help Cryptocurrency Investors Generate Daily Income

Newbury, Berkshire, UK, June 27, 2025 (GLOBE NEWSWIRE) — As the blockchain ecosystem becomes more and more complete, the cryptocurrency market is gradually integrated into the global financial system, but market fluctuations are still frequent. Coupled with the factors of intensified geopolitical tensions, in this uncertain background, a question worthy of attention has begun to become particularly urgent:
“Besides holding onto my coins and waiting for the price to go up, how else can I use these assets more robustly?
British cloud mining platform Quid Miner has launched a new solution, dedicated to helping crypto asset holders move from “static coin holding” to “continuous appreciation”. Through the Quid Miner intelligent cloud mining service platform, let digital assets truly start to “work for you every day”. Convert idle assets into productive assets. Let crypto assets truly realize their effectiveness.
Activate your crypto assets with computing power contracts
Many crypto investors choose to hold their coins and wait for prices to rise, but the frequent market fluctuations often catch people off guard. Quid Miner provides a smarter and more proactive method: through secure cloud mining contracts, you can convert your holdings of mainstream currencies such as LTC, XRP, ETH, DOGE, etc. into daily stable income. Truly realize the efficient use of assets.
This model does not involve complex trading operations, and there is no need to worry about “buying at a high point”. Digital assets directly participate in the operation of cloud mining machines through contracts, and the platform manages technology, energy consumption and maintenance in a unified manner. Users only need to wait for daily income to be automatically settled.
Multi-currency support:
including mainstream currencies such as DOGE, BTC, ETH, SOL, BCH, XRP, USDC, LTC, USDT (TRC20 / ERC20), and you can switch currencies and configure mining strategies at any time.
Diversified contracts: meet the mining strategies of different users:
Classic contracts (1-7 days): suitable for novices to try, short cycle, experience the complete process.
Flexible contracts (12-30 days): balance income and cycle, suitable for users who want stable accumulation.
Advanced contracts (36-50 days): suitable for long-term coin holders, get higher computing power configuration and better income
Safe and compliant, simple operation:
Relying on the dual protection of McAfee® and Cloudflare®, it operates legally and compliantly, and supports access by users around the world. All fee structures are fully transparent, with no hidden fees.
Zero hardware investment, green energy mining:
Both the mobile version and the web version can be operated, no equipment or technical foundation is required. , one-click to start cloud mining. 100% renewable energy is used to achieve both environmental protection and efficiency
What is cloud mining?
Cloud mining is a method of mining cryptocurrencies such as Bitcoin by renting remote cloud computing power. Users only need to purchase contracts through legal investment to mine. The platform can run computing power mining for users in the cloud, which is simple and convenient, allowing more users around the world to participate directly and earn stable passive income every day.
How to start your mining journey with QuidMiner
⦁ Visit the official website: https://quidminer.com/
⦁ Create your account via email. New users can receive a $15 computing power reward
Flexible configuration according to personal budget, different contracts have different computing power, amount and cycle, and the income will also vary.
Please click to download the official mobile app to check your mining progress and income anytime, anywhere.
Quid Company Platform Overview
Quid Miner was founded in the UK in 2010. It strictly abides by international regulatory standards and provides services to more than 8 million users in more than 180 countries/regions around the world. Users do not need to bear the risk of drastic market fluctuations. They only need to choose the right mining contract investment to enjoy stable passive income. Whether you are a novice investor or an experienced trader, the mining solution provided by Quid Miner is becoming another path to seek steady progress in an uncertain market.
Summary:
In the turbulent cryptocurrency market, Quid Miner provides a more robust new path under the reality of “holding coins = losing money”: by choosing a safe cloud mining contract, you can continue to generate cash flow from encrypted digital assets such as XRP, BTC, DOGE and ETH. No technology or market prediction is required to open a new channel for daily income. Whether you are a long-term holder of XRP or a diversified cryptocurrency holder, Quid Miner can provide you with a practical way to unlock the profit potential of your portfolio.

For more details, please visit the official website of the platform: https://quidminer.com
Official platform email: info@quidminer.org
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Name: Quid Miner
Email: info@quidminer.org
Crypto
Neo Pepe Leads the Charge: Why Shiba Inu, Dogecoin, and Pepe Coin Enthusiasts Are Backing 2025’s Hottest Crypto Presale – Branded Spotlight Bitcoin News

Crypto
Cryptocurrency News Live Updates: Bitcoin, Ethereum prices today; memecoin, other token updates

Several cryptocurrencies have experienced significant losses over the past week. Here’s a summary of the top losers:
MerlinStarter (MSTAR): Price is at $0.001935, with a circulating supply of 603,312,500. MSTAR has seen a 7-day decrease of -54.33%. Its market cap is $1,172,535.24, with a 24-hour volume of $582,463.92.
Polyhedra Network (ZKJ): Currently priced at $0.2209, ZKJ has a circulating supply of 292,861,111. It has decreased by -37.3% over the last 7 days. Its market cap is $63,922,251.97, with a 24-hour volume of $38,608,983.31.
Elderglade (ELDE): Trading at $0.01706, with a circulating supply of 84,000,000. ELDE has fallen by -34.83% in the last 7 days. Its market cap is $1,428,301.8, with a 24-hour volume of $6,033,508.27.
Self Chain (SLF): Priced at $0.0835, SLF has a circulating supply of 167,000,000. The cryptocurrency has dropped -34.8% over the past 7 days. Its market cap is $13,908,033.85, and its 24-hour volume is $6,878,055.22.
Bombie (BOMB): BOMB is priced at $0.000972, with a circulating supply of 9,000,000,000. The token has seen a -32.95% decrease in the last 7 days. Market cap stands at $8,849,717.79, accompanied by a 24-hour volume of $6,810,986.77.
AltLayer (ALT): Currently at $0.02626, with a circulating supply of 3,755,148,021.85. ALT has decreased by -32.55% over the last 7 days. Market cap is $98,644,804.69 and 24-hour volume is $24,463,959.34.
AVAIL Network (AVAIL): Trading at $0.02132, AVAIL has a circulating supply of 2,166,895,012. It shows a -29.57% change over the last 7 days. Its market cap is $46,236,581.05, and its 24-hour volume is $13,772,011.42.
Velar (VELAR): Priced at $0.003955. VELAR shows a -28.76% change over the last 7 days. Its market cap is $0, and its 24-hour volume is $191,064.28.
Subsquid (SQD): Currently at $0.15106, with a circulating supply of 586,317,237.5. SQD has decreased by -27.75% over the last 7 days. Market cap is $85,073,648.57 and 24-hour volume is $28,498,252.59.
Assisterr AI (ASRR): Trading at $0.1519, ASRR has a circulating supply of 14,620,000. It shows a -27.35% change over the last 7 days. Its market cap is $2,208,102.59, and its 24-hour volume is $2,173,768.32.
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