From yesterday to today little has been the variation that has developed the price action of Bitcoin and cryptocurrencies, however there was a slight pullback estimated at -1.6% that somehow has created a sense of uncertainty among bullish traders.
Now beyond the behavior of the cryptocurrency price action, and a bit to contextualize the information uploaded by Cointelegraph columnist Gareth Jenkinson, on the judgment of FTX's Sam Bankman-Fried and the five things to watch out for.
According to Jenkinson, "Sam Bankman-Fried will face his first day in court on a series of charges less than a year after the calamitous collapse of the FTX cryptocurrency exchange."
Another item to note is that "The former CEO of the bankrupt exchange is scheduled to face 21 days in court during his criminal trial scheduled from Oct. 4 to Nov. 9. Bankman-Fried has been in pretrial detention at the Metropolitan Detention Center since August 11 and has filed several unsuccessful appeals seeking his release to prepare for his trial"
Additionally "Proceedings will begin with jury selection on October 3 before the trial itself begins on Wednesday, October 4. Cointelegraph has highlighted five main talking points ahead of one of the most important cryptocurrency-related trials in history."
An important fact to keep in mind is that "The U.S. Department of Justice had originally announced an eight-count Indictment with fraud, money laundering and campaign finance offenses in December 2022"
SOURCES CONSULTED
Cointelegraph. Sam Bankman-Fried FTX trial — 5 things you need to know. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
