Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for his role in the FTX fraud scheme. He was also ordered to forfeit $11 billion, meaning he must drain any funds not recovered in the bankruptcy proceedings.However, there was a widespread perception in the cryptocurrency community that the sentence was too low. Dan Held, general partner at Asymmetric, said: said The judgment was “not long enough considering his actions, his feelings about his actions and the actual harm caused”.The collapse of FTX resulted in losses of approximately $8 billion. The estate is trying to recover as…
Author: Crypto Flexs
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WAX Blockchain provides a comprehensive Web3 toolkit, including Cloud Wallet and Developer Portal. Under the partnership, AMB on AWS will integrate WAX’s Web3 gaming tools suite. This partnership provides developers with seamless access to blockchain infrastructure through the AWS console. In a groundbreaking move, Amazon Web Services (AWS) and WAX Blockchain have teamed up to revolutionize Web3 gaming tools. The collaboration aims to mark an important milestone in the advancement of decentralized applications (dApps) by streamlining the integration of blockchain functions, especially within the gaming industry. Partnership signed to improve Web3 gaming tools Under the partnership, Amazon Managed Blockchain (AMB),…
The Ethereum network has reached a significant milestone of reaching one million validators, reflecting the growing focus on staking and network security. However, some community members are raising concerns about potential issues associated with this milestone.Validator Milestones:The Dune Analytics dashboard shows that Ethereum currently has 1 million validators, with about 32 million Ether staked, worth about $114 billion at current market prices. This milestone represents 26% of the total supply of Ethereum.Staking Pool Dominance:Approximately 30% of staked Ether is through the Ethereum staking pool Lido, indicating the popularity of staking pools that allow users holding small amounts of Ether to…
BlackRock CEO Larry Fink expressed optimism about Bitcoin as the iShares Bitcoin Trust (IBIT) recorded historic growth with $13.5 billion in inflows in 11 weeks. The world of finance witnessed a milestone as BlackRock’s iShares Bitcoin Trust (IBIT) recorded an unprecedented $13.5 billion in inflows in its first 11 weeks of trading. The groundbreaking exchange-traded fund (ETF), which gives investors exposure to Bitcoin without owning the cryptocurrency directly, set a record on March 12 for the highest daily trading volume of $849 million. This surge in interest demonstrates a growing trend. Mainstream acceptance of Bitcoin and its underlying technologies. Larry…
The widely respected cryptocurrency analyst and trader is expressing bullish sentiments about the top 30 altcoins by market capitalization. Trader known by the pseudonym Altcoin Sherpa says The Internet Computer (ICP), a blockchain project that aims to replicate the speed, performance and scale of the Internet on a decentralized network, appears to have completed a period of consolidation that began earlier this year with 212,600 followers on social media platform X. “ICP: It looks like the weeks of build-up are over. It’s time to go. I think this will be actively traded for the next few weeks.” Source: Altcoin Sherpa/X…
Configuration: Windows system on local WiFi network. For classroom purposes, I would like to have a custom Signet network for my students to use Bitcoin Core and Send/Receive. This is the bitcoin conf file I already created: signet=1 signetchallenge=512100146aa4936a2dc8d8c26c3429a0c78017f974268d2f51ae (signet) rpcport=38332 rpcuser=tester rpcpassword=tester I used the Signet wiki page to get started with ChatGPT (since I use Windows and the wiki page shows it on Linux). I believe the other nodes must also use the same conf file, but they cannot see each other on my WiFi network. This is my first time trying Signet, so there’s a good chance…
London, UK, March 28, 2024, Chainwire Metacade, an innovative Web3 gaming platform, is preparing to move out of beta with a number of groundbreaking initiatives that will redefine the way blockchain games are developed. CEO Russell Bennett predicts a series of landmark announcements throughout the second and third quarters of 2024. It starts with the appointment of an advisory committee. Jamie King, Dan Hibell, Elly Bradbury, and Anders Christiansen combine premium Web2-Web3 commercial knowledge to drive Metacade’s expansion across talent, product, utility, and engagement. As blockchain gaming prepares to welcome one billion players, Metacade will mobilize advances in game development.…
diversification: While Bitcoin remains the pioneer of cryptocurrencies, the market now boasts thousands of alternative digital assets. Investors are seeking exposure to a broader range of cryptocurrencies, recognizing the importance of diversification in risk management. With the recent introduction of spot Bitcoin ETFs to the US market, investors now have a wider variety of investments to add to their portfolios, including spot Ethereum (ETH), liquid staked cryptocurrency assets such as stETH, and other innovative cryptocurrency indices. Looking for
The cryptocurrency community is abuzz with speculation and anticipation regarding the possible approval of an Ethereum (ETH) exchange-traded fund (ETF), a development that could have a major impact on the digital asset investment landscape. A top analyst recently estimated the odds of approval for an Ethereum (ETH) ETF at 35%, a figure that has sparked considerable discussion among investors and enthusiasts. This article details the analysis behind these predictions, exploring the impact of the Ethereum (ETH) ETF on the market, including the reaction of emerging cryptocurrencies such as: Shiva Buzz (BUDZ)And how this will impact the price of Ethereum (ETH),…
FTX Real Estate’s sale of 41 million locked Solana units ( brush +2.55% ) is valued at $7.5 billion, and there has been huge demand, according to nine sources involved in the discussions.Galaxy Asset Management was chosen by FTX Assets to facilitate the token sale in September 2023, with the assets determining that they would provide the services in a cost-effective and agnostic manner. Registered investment advisors are allocating tokens to potential bidders, some of whom are raising funds for larger bids.Neptune Digital is the first company to publicly announce that it has acquired Solana, which is locked in FTX…