U.S. prosecutors have decided not to try the remaining charges facing Sam Bankman-Fried, including charges of foreign bribery and bank fraud. Prosecutors, led by U.S. Attorney Damian Williams for the Southern District of New York, also decided not to file charges of illegal political donations, which were excluded from the original indictment due to a dispute with the Bahamas over Bankman-Fried’s extradition. In a letter explaining the decision, prosecutors said evidence had already been presented on several of the charges at Bankman-Fried’s original trial, and he was found guilty on all seven counts of fraud and conspiracy related to his…
Author: Crypto Flexs
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Polkadot has submitted a new proposal to bring new changes to the NFT ecosystem. DOT is up more than 65% in the past month and most market indicators appear to be bullish. Polkadot (DOT) Although it has always been a pioneer in terms of development activity, it has never gained much traction in the NFT space. Therefore, AMBCrypto looked at the performance of the NFT space on blockchains to see how the NFT space will fare in 2024 as MATIC continues to reap investor gains. Polkadot’s NFT ecosystem could grow in 2024! Polkadot’s development activity has always been a major…
join us telegram A channel to stay up to date on breaking news coverage A budget-friendly option can attract investors interested in tokens without breaking the bank. With many cryptocurrencies priced under $1, there are plenty of options for potential investments. Cheap cryptocurrencies therefore offer multiple opportunities for exploration and potential growth. 8 Cheapest Cryptocurrencies You Can Buy Right Now for Less Than $1 The performance of the cryptocurrency market in 2023 has attracted great attention. multiple tokens We have seen progress and growth observed throughout the year. Analysis of CoinMarketCap.com data shows that the value of all listed cryptocurrencies…
The Financial Intelligence Unit of India (FIU IND) has issued a notice deeming nine major foreign cryptocurrency exchanges ‘illegal’. The agency, which is responsible for regulating all financial transactions in the world’s fifth-largest economy, cited failure to comply with local anti-money laundering (AML) and counter-terrorist financing (CFT) regulations as the reason for its decision. As a result of this decision, all nine exchanges included in the notice will have their URLs blocked in the country, which could have a serious impact on their user base in India. The scope of the notice includes Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp,…
The cryptocurrency market is constantly evolving, and altcoins often receive the attention of the well-known Bitcoin. As we head into 2024, experts in the field have identified several altcoins with significant potential. Miles Deutscher and Michaël van de Poppe, two well-known names in the cryptocurrency industry, shared their insights to highlight this year’s top contenders. The top 5 altcoins for 2024 are: Miles Deutscher’s top five picks include a variety of altcoins, each with their own unique strengths and potential growth catalysts. Deutscher highlighted the link with the upcoming Ethereum EIP-4844 upgrade, which promises lower fees and greater competitiveness, starting…
As the end of the year approaches, NFT traders are finally finding a use for the useless tokens in their wallets. That means selling tokens for pennies to offset capital gains against taxes. And with the IRS’ criminal investigation division reportedly taking a special interest in cryptocurrency cases, there may be a better time than ever to offload your junk tokens. Known as tax loss harvesting, this strategy helps traders who are lucky on some investments and unlucky on others minimize their tax liability, ultimately saving money. But with so many lifeless or abandoned NFT projects, who will buy useless…
ETH Long-Term Holders Percentage Surpasses BTCThe proportion of long-term holders of Ethereum (ETH) has surpassed Bitcoin (BTC) for the second time in history, and more than 70% of investors have held assets for more than one year. This milestone for the blockchain is important to maintain its overall health, stability, and reduce price volatility. Despite Ethereum’s underperformance compared to Bitcoin in terms of price activity, more investors are holding ETH for the long term, indicating confidence in its future value. However, Bitcoin still leads the way in profitability. Nonetheless, optimistic predictions for Ethereum’s future price include BitMex founder Arthur Hayes’…
As the year comes to a close, cryptocurrency investors and enthusiasts are certainly keeping their eyes on the future and what the digital asset market will look like in the coming years. Despite a slow start to the year, the final months of 2023 looked favorable to the cryptocurrency landscape and the bull cycle seemed to be in full swing. There has been widespread commentary about the potential of an ongoing bull market and how this could impact the cryptocurrency market. A cryptocurrency researcher who goes by the pseudonym Ether NasyonaL is one of the latest entities to discuss the…
In sub-Saharan Africa, only 3% of the 48 million smallholder farmers are engaged in agriculture. insurance. They own one acre of land and earn about $1.40 per person per day. small farmer. Smallholders often own a mix of cash crops and subsistence or non-commercial farming. And compared to large-scale industrial farms, they lack financial and technical resources. As extreme weather events become more frequent due to climate change, floods or droughts could push these farmers into a cycle of poverty without protection through crop insurance. Here is an update from an Ethereum Foundation Fellow. Benson Njuguna. Benson is on a…
Injective has announced its year-end scavenger hunt, an event where participants explore the ecosystem and find 12 hidden secret words. The Treasure Hunt event is currently being run with a prize pool and exclusive prizes shared among the top three players, supported by relevant dApps or decentralized applications. There are 12 secret words hidden in the same number of dApps. Players must interact with dApps and complete certain tasks to unlock hidden words. You will then need to submit your entry to Injective via Google Form, a link shared by Injective in their official blog post. It is important to…