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Disgraced crypto-king Sam Bankman Fried arrested and charged

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The disgraced crypto-king faces life in prison if convicted on all counts

FTX co-founder Sam Bankman Fried has been arrested in the Bahamas less than 24-hours before he said he was going to testify before lawmakers on Capitol Hill remotely.

The disgraced crypto-king faces eight-counts including fraud and money laundering.

Bankman Fried, 30, is accused of diverting money from customers of the cryptocurrency trading platform to Alameda Research, his crypto hedge fund and then used that money for his own personal use.

Federal authorities in New York unsealed the indictment on Tuesday.

Gurbir Grewal from the Securities and Exchange Commission said Bankman Fried was, “Improperly diverting FTX customer funds to his crypto hedge fund Alameda research and his alleged in our complaint he then misused those funds to make undisclosed venture investments, lavish real estate purchases, and large political donations.”

Bankman Fried’s claims about FTX’s sophisticated risk controls and other customer protections were simply bogus. Similarly his representations to FTX investors and trading customers concerning Alameda were also part of that carefully crafted veneer and were similarly false and misleading.”

Meanwhile in Washington D.C. the current FTX CEO John Ray testified on the collapse of the cryptocurrency company before the House Financial Services Committee.

Bankman Fried was supposed to answer lawmakers’ questions about how FTX lost billions of dollars of customers’ money.

Ray became CEO after the company filed for bankruptcy last month.

“The FTX group’s collapse appears to have stemmed from absolute control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company entrusted with other people’s money or assets,” Ray said.

Federal officials say Bankman Fried was a flight-risk, so they needed to move quickly. If convicted on all 8-counts— Bankman Fried could spend up to life in prison.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Why are Americans moving abroad?

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Inflation and the rising cost of living in the Unites States is motivating Americans to consider moving to other countries.

Have you ever dreamed of working or retiring abroad?

Well, more and more Americans are discovering that their income can stretch much further in other countries, allowing them to save more, pay off debts, and even get ahead financially.

Kelli Maria Korduck a contributor with Business Insider joins Veronica Dudo to discuss why Americans are deciding that the only way to get ahead is to leave.

#IN AMERICA TODAY #featured #livingabroad #movingabroad #inflation #travel

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Boston Dynamics’ electric marvel or robot contortionist?

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Boston Dynamics has recently unveiled its latest creation, the electric Atlas robot, boasting enhanced agility and strength.

However, with its uncanny ability to contort and rise from the ground with an almost eerie grace, one might wonder if we’re witnessing the birth of the world’s first robot contortionist.

As this technological marvel flaunts its capabilities, one can’t help but ponder if we’re on the brink of a future where household chores will be effortlessly handled by robots moving like a fusion of ballet dancers and horror movie monsters.

With its cadaver-like movements and illuminated head, it’s hard not to speculate whether Atlas is destined to revolutionise robotics or simply rehearsing for a techno-horror rendition of The Nutcracker. As Boston Dynamics continues to push the boundaries of robotics, the line between science fiction and reality becomes increasingly blurred.

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The Coffee confusion causing health concerns

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As the morning sun peeks through the curtains, many reach for that familiar brew, kickstarting their day with a comforting cup of coffee.

It’s a ritual ingrained in cultures worldwide, offering a jolt of energy to combat the grogginess of dawn.

But when is the optimal time for that caffeine fix? According to registered dietitian Anthony DiMarino, RD, LD, the answer isn’t crystal clear.

Some experts suggest delaying that first sip until mid-morning or later. However, DiMarino reassures coffee lovers that there’s no one-size-fits-all answer to this dilemma.

Meanwhile, the science behind coffee production unveils fascinating insights into its instant variant. Whether produced through freeze-drying or spray-drying methods, instant coffee offers convenience without sacrificing flavor.

Yet, beyond convenience, recent studies delve deeper into coffee’s impact on our bodies. Research exploring the acute effects of decaffeinated versus caffeinated coffee reveals intriguing findings on reaction time, mood, and skeletal muscle strength.

Moreover, investigations into the gut microbiome shed light on coffee’s influence on liver cirrhosis patients. A study analyzing the duodenal microbiome in this population found correlations between coffee consumption and microbial richness and evenness.

So, as you sip your coffee and ponder the day ahead, consider not just the flavour in your cup but also the subtle impacts it may have on your body and mind.

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