U.S. prosecutors believe there will not be a second trial for former FTX CEO Sam Bankman-Fried. There is a lack of new evidence cited. The initial trial covered key aspects of the case. The conviction stands. The sentencing date was set for March 28, 2024, as scheduled. US prosecutors have signaled there may not be a second trial for Sam Bankman Fried (SBF), the former CEO of defunct cryptocurrency exchange FTX. This development comes as stakeholders seek a speedy resolution, emphasizing the public interest and expectations for compensation details for victims of FTX accounts. With Bankman-Fried’s first trial finding him…
Author: Crypto Flexs
Read More
U.S. prosecutors have decided not to proceed with a second trial against Sam Bankman-Fried, co-founder of bankrupt cryptocurrency exchange FTX. The FTX drama marks a turning point with the ruling, which comes after the actor was found guilty of stealing from a customer a month ago. Bankman-Fried was found guilty by a jury on all seven counts of fraud and conspiracy on November 2. The charges were that he stole $8 billion from FTX customers. As a result of this conviction, the former billionaire, who previously had a personal fortune of $26 billion, suffered enormous financial hardship. The fact that…
Max Schwarzman, CEO of a cryptocurrency analysis platform, said Bitcoin drew similarities to meme coins. Dogecoin (governor) and pepe. If history repeats itself, price breakout PEPE may be on the horizon. PEPE shares a similar pattern to DOGE in 2020. in post Schwartzman drew the attention of the cryptocurrency community on his From the attached chart he shared, we can see that the price movement of PEPE in 2023 is the same as: DOGE in 2020. Source: X If PEPE continues to move in a similar pattern, the price of the meme coin could break out in 2024. The price…
BlackRock is the first applicant to announce who will acquire Bitcoin on its behalf, as BlackRock cannot legally purchase the cryptocurrency itself. The asset manager worked with JP Morgan and quantitative trading firm Jane Street, the filing shows. Valkyrie also named Jane Street as AP in addition to Cantor Fitzgerald, another filing shows. Many ETF issuers are likely to have multiple authorized participants.
The growing demand for blockchain technology naturally calls for a global blockchain talent pool. From blockchain/cryptocurrency startups like Golem and ConsenSys to blockchain protocol creators like 0x, the world is looking for talented people interested in technology, business, and blockchain marketing. The sudden demand for this relatively infantile technology, less than a decade old, is creating a huge crisis in the human capital interested and trained in this technology. Google Trends charts and the number of job listings for blockchain/cryptocurrency also confirm what I am saying. When we look at the kind of demand we have in the market in…
Cryptocurrency markets are known for their volatility, perfectly exemplified by recent moves in popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and the emerging BONK. Reflecting broad market sentiment and investor behavior, these digital currencies reflect the current state of the cryptocurrency industry and hint at its unpredictable nature. Despite recent declines in market valuations, partly due to changes in market dynamics and investor reactions, analysts are identifying factors that could signal a promising revival for DOGE, SHIB, and BONK in 2024. Leading Meme Coin, Dogecoin, Struggle Dogecoin, the leader in the meme coin category, has faced many challenges.…
Tired of carrying physical cash for your gambling expeditions, or weary of lengthy processing times for digital payments? You’ll be thrilled to hear there’s a revolutionary transformation sweeping across the online gaming landscape – the rise of Bitcoin and Crypto Casinos. This digital currency has ushered in a new era, allowing players to wager safely, swiftly, and anonymously, redefining the traditional gambling paradigm. Read on as we delve into these state-of-the-art crypto casinos, their attractive features, and how they’re destined to redefine our gaming experience. From secure transactions to limitless gaming possibilities – welcome to the future of online gambling!Top…
Blockchain analytics platform Kaiko conducted a study that revealed the complexities of liquidity across the largest cryptocurrency assets, with some lower market capitalization assets outperforming higher ones. According to it 3rd quarter liquidity ranking, XRP and Dogecoin (DOGE) beat Solana and Cardano in the liquidity rankings, falling behind only Bitcoin and Ethereum. There were some surprising numbers in the rankings, with BNB coming in 8th in terms of liquidity and Litecoin also performing better. Kaiko Analysis Highlights Liquidity of Crypto Assets The sheer number of cryptocurrency assets has always sparked the idea among investors to measure their valuation on some…
Three privacy-focused altcoins are falling in price after they announced their delisting from a popular cryptocurrency exchange platform. Seychelles-based cryptocurrency exchange OKX said in a new company blog post that it will delist Monero (XMR), Zcash (ZEC), and Dash (DASH) because they no longer meet the company’s listing criteria. given. “To maintain a strong spot trading environment, we continuously monitor the performance of all listed trading pairs and regularly review their listing eligibility. Based on user feedback and OKX token delisting/hiding guidelines, we will be delisting several trading pairs that do not meet our listing criteria… We will continue to…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.Which way Western Man?“Equality… belongs essentially to decline: the chasm between man and man, class and class, the multiplicity of types, the will to be one’s self, and to distinguish one’s self out — that which I call pathos of distance — characterizes every strong age.”- Nietzsche, Twilight of the IdolsIt’s often thought the grand struggle of the modern world is between right and left, Republican and Democrat, or liberal against conservative. Libertarians take…