Bitcoin News and Finance: What You Need to Know

PFC Botev Plovdiv, Bulgaria’s oldest soccer team, recently said it now accepts bitcoin payments at fan shops and catering points during matches. Fans who make payments using the top cryptocurrency anytime in the month of November are eligible for a 10% discount. Fans to Buy Tickets With BTC Bulgaria’s oldest soccer team, PFC Botev Plovdiv, has said fans and the general public can now pay for merchandise with BTC at the club’s fan shops and catering points in the central stand during matches. The club said it is planning to avail this payment option for fans who wish to buy tickets. According to a report published by Novinite.com, club fans who make purchases using cryptocurrency in the month of November will get a 10% discount. Remarking on the club’s acceptance of bitcoin as a payment option, club president Anton Zingarevich said: We are excited about this technology, which is creating new opportunities and has the potential to become an integral part of our lives, just as it ...

The United States Court of Appeals for the Fifth Circuit has found that the U.S. Securities and Exchange Commission (SEC) acted “arbitrarily and capriciously” in a case involving the stock buyback disclosure rule. “Another day and another court finds that the SEC again acted arbitrarily and capriciously. Is anyone else concerned about this very troubling pattern of the SEC flouting any faithful allegiance to law under Mr. Gensler?” Ripple’s chief legal officer asked. SEC Loses Another Legal Battle Following a federal court’s determination that the U.S. Securities and Exchange Commission (SEC) had acted “arbitrarily and capriciously” in a case involving a spot bitcoin exchange-traded fund (ETF) application, another federal court reached a similar conclusion in a separate matter involving the securities regulator. The United States Court of Appeals for the Fifth Circuit stated on Tuesday that the SEC’s stock buyback disclosure rule was arbitrary and capricious. While this case is ...

Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening according to an account shared by Matthew Russell Lee from the Inner City Press. Bankman-Fried Convicted on Multiple Charges The ex-FTX CEO has been found guilty by a jury of his peers, according to several reports on Thursday evening. The 31-year-old Sam Bankman-Fried was charged in December 2022, about a month after the exchange collapsed. Bankman-Fried had a sweeping set of allegations, as prosecutors accused him of orchestrating an extensive plan to mismanage billions of dollars in customer deposits entrusted to FTX. These charges also implicated him in deceiving both FTX investors and lenders, as well as those associated with Alameda Research. On Thursday, the reporter Matthew Russell Lee reported the courtroom account of the situat...

The CEO of JPMorgan Chase, Jamie Dimon, has warned that inflation may be more persistent than many expect, and the government’s fiscal and monetary stimulus in the past several years has been greater than many realize. Dimon also expects more interest rate hikes from the Fed, stating: “I suspect that they may not be done … I just think there’s a higher chance than probably other people think.” Jamie Dimon Shares Economic Outlook JPMorgan Chase CEO Jamie Dimon discussed the U.S. economic outlook in an interview with Yahoo Finance Live on Wednesday after Fed officials wrapped up their Federal Open Market Committee (FOMC) meeting. The committee decided to pause raising interest rates this month, keeping the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. Regarding the FOMC decision, Dimon said: “I think they’re right to pause here and see what happens.” However, the JPMorgan executive believes that the central bank may raise interest rates further, stating: I sus...