Posted 1 minute ago In ~ Lawyers for FTX founder Sam Bankman-Fried submitted a letter to District Judge Lewis Kaplan on Tuesday challenging the Justice Department’s sentencing proposal last week. “With considerable hostility, the memorandum distorts reality and casts Sam as a depraved supervillain to support its cherished ‘loss’ narrative. I think it’s a dark, megalomaniacal motivation for him to go against the record. It makes an apocalyptic prediction about recidivism. And to reach the level of recommending the death penalty, we adopted a medieval view of punishment.” filing said. In a memorandum submitted last Friday, U.S. prosecutors said asked…
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Exchange supply of ETH increased by 5% after Dencun. Whales were selling ETH on exchanges.. Ethereum (ETH) continued its downward trend, plummeting 9% over the past 24 hours. The second-largest cryptocurrency has remained in the red since the Dencun upgrade went live, with weekly losses reaching 18% at press time, according to CoinMarketCap. Whales are cashing in. As the broader market sells off, concerns are growing that ETH’s bullish trend may be reversing. According to Spot On Chain, an on-chain data tracker, the three whales reportedly liquidated a total of 26,946 ETH over the past four days, resulting in a…
BitPay is constantly looking for new ways to make your cryptocurrency payment experience better. Today we’re excited to share new improvements to BitPay’s invoicing system that will help deliver a more seamless and sophisticated payment experience for customers and merchants. Additionally, we’re adding support for brand new cryptocurrencies, giving you more power in how you spend.What’s new?Support for over 100 assetsWe are pleased to announce that our new BitPay invoice system supports payments made in over 100 top coins and tokens. See the full list of supported coins and tokens here.Simplified payment UIThe new, simpler invoice design makes the payment…
The stage is set for a federal judge to decide how long Sam Bankman-Fried can spend in prison. The U.S. Department of Justice and the defense team have now submitted their respective arguments, as well as statements from FTX creditors (for the prosecution) and Bankman-Fried’s family and friends (for the defense).
U.S. District Court Judge Robert Shelby concluded the hearing by stating that the U.S. Securities and Exchange Commission (SEC), also known as the SEC, acted in bad faith against The Debt Box. The Utah judge added that the agency abused the judicial process. This is a case related to ‘The Debt Box’ case, which the committee filed with the court in July of last year, that is, in July 2023. It is claimed that the company quickly liquidated its bank account and attempted to leave the country. The court has now ordered the SEC to pay the company’s legal fees,…
Bitcoin’s move back below $63,000 has provided a clearer view of support and resistance levels leading up to next month’s halving. Bitcoin (BTC) and cryptocurrency analyst Ali-Charts has identified three important prices that act as support levels for the world’s largest digital asset. $61,100, $56,685 and $51,530 would cushion Bitcoin against further declines, according to on-chain observers citing Glassnode data. Conversely, after BTC hit a new all-time high on March 14, the following resistance levels were $66,990 and $72,88, according to CoinGecko. The cryptocurrency hit a high of $73,737 after weeks of massive inflows into its U.S. spot Bitcoin ETF…
Posted 1 minute ago In ~ Tornado Cash developer Alexey Pertsev is accused of laundering $1.2 billion in illicit funds through the platform, according to an indictment obtained by DL News in the Netherlands. The indictment alleges that Pertsev is involved in money laundering on Tornado Cash and cites 36 transactions on the platform that it claims are illegal. One such transaction was 175 ETH, reportedly derived from the Ronin Bridge hack, and the blockchain popularized by the Web3 game Axie Infinity lost 173,600 ETH, among other assets, to exploits worth a total of $590 million in March 2022. Pertsev…
The cryptocurrency industry is putting pressure on the U.S. Securities and Exchange Commission (SEC) to establish clear rules and regulations for the cryptocurrency market. Major players including Paradigm, the Crypto Council for Innovation and the U.S. Chamber of Commerce argued with the district court to uphold Coinbase’s appeal to the SEC to provide specific guidance for the cryptocurrency industry. Crypto Industry Challenges SEC’s Regulatory Approach in court filing Paradigm’s filing on Monday expressed interest in the case, highlighting the SEC’s continued refusal to issue final rules and guidance regarding cryptocurrencies, tokens and related trading platforms. Paradigms’ legal team explained: enforcement…
A leading international cross-border bank; Standard Chartered I made another optimistic prediction for Ethereum. According to analysts at the bank, ETH could rise to all-time highs due to the potential introduction. Spot ETH Exchange Traded Fund (ETF). ETH price expected to rise to $14,000 Analysts at Standard Chartered Bank said: Optimistic outlook for ETHThe second-largest cryptocurrency is expected to skyrocket exponentially to $14,000 by 2025. Analysts elaborated in a note Monday. key elements This could lead Ethereum to its expected price target. In particular, the potential Ethereum Spot ETF approved The announcement by the U.S. Securities and Exchange Commission (SEC)…
introduction Cryptocurrency is a hot topic in today’s digital world and many people are looking to invest in this new form of digital currency. One cryptocurrency that is gaining popularity is GothicCoin. In this article, we will delve into the secrets of GothicCoin and provide you with the ultimate guide to understanding and investing in this digital currency. What is Gothic Coin? GothicCoin is a decentralized digital currency that aims to provide a secure and private way to transact online. It uses blockchain technology to ensure the security and integrity of transactions, making it a trustworthy form of digital currency.…