The conviction of FTX founder Sam Bankman-Fried on seven counts of fraud and conspiracy has now captured Hollywood’s attention. The ruling came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried defrauded investors and customers out of over $10 billion through FTX and his cryptocurrency trading company, Alameda Research. Charges and Potential Consequences The charges filed against Sam Bankman-Fried carry a maximum penalty of 110 years in prison, according to federal prosecutors. The severity of the potential sentence highlights the seriousness of the charges against the 31-year-old entrepreneur. The catalyst for this…
Author: Crypto Flexs
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Mark Wilson, an artist known as Favorite People, has a truly unique style to his art, with the presence of a bag of ground beef: grotesque, performative, thought-provoking and comical. . In a digital art market where supply can be endless, Indiana-based artists really stand out from the crowd with their attention-grabbing ability to often poke fun at the NFT space and bring out both humor and sadness in their work. The author of five books, die withthemost likes is passionate about the visual arts as well as recording his own stream of consciousness. He originally issued the first NFT…
Cardano founder and Ethereum co-creator Charles Hoskinson criticized Vitalik Buterin. Twitter On November 25, Cardano (ADA)’s staking innovation was not recognized.Hoskinson’s comments follow a recent interview in which Buterin discussed the Ethereum roadmap and proposed redesigning the Ethereum (ETH) staking system to address issues related to centralization.In the interview, Buterin discussed potentially adopting a UTxO approach that relies on unspent transactions to solve these problems. This model differs from Ethereum’s current account-based system and is used in some blockchains such as Bitcoin and Cardano.The cryptocurrency community was quick to point out that this solution is similar to the approach Cardano…
Ethereum price broke the $1,950 resistance level and started a new rise. ETH is consolidating and could target a move above the $2,070 resistance. Ethereum remained stable and began a new rise above the $1,950 level. The price is trading above $2,000 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance near $2,010. Unless a break occurs below the $1,985 support, the pair may continue to rise. Ethereum price gains more. After forming a base above the $1,900 level, the price of Ethereum…
Crypto&& Coffee 145November 1, 2023CipherTrace EngineeringTechnical Summary:BitcoinThe term “Bitcoin” refers to the Bitcoin network,…See more:Antoine Riard posted to the Bitcoin-Dev mailing list and the Lightning-Dev mailing list about a liability disclosure that affects all Lightning Network implementations.Ethereum:Galaxy’s Christine Kim highlights the latest All Core Devs Call on Ethereum, the launch of devnet 11, the shadow fork of Goerli, next week, the possibility of Dencun’s activation being delayed until 2024, and more!Vitalik Buterin published the following article: Different types of Layer 2Explains the complex differences between rollup, validation, and disconnected systems.Ethereum Foundation researchers published a paper on dynamically expanding the available…
Bitcoin’s current journey appears to mirror its past, presenting surprising patterns of growth and resilience. Experts in the field have observed a repeat of the historical uptrend, suggesting a continued upward trajectory for BTC. As the market anticipates the introduction of spot Bitcoin ETFs, this stands at a pivotal moment, potentially reshaping investment strategies and reinforcing Bitcoin’s importance in the financial system. This scenario is a confluence of historical trends, regulatory developments, and market dynamics, all pointing to a period of continued bullishness for Bitcoin. 2 Years of Upside Potential for Spot Bitcoin ETFs Bitcoin’s price action appears to be…
governance body Cosmos Herb atom + Approved a proposal to lower the maximum inflation rate for native tokens. Atoms are about 14% to 10%.According to the proposal, the approved changes would increase Atom’s annual staking yield from approximately 19% to approximately 13.4%.Cosmos Hub is the central blockchain of the Cosmos Network, an interconnected blockchain ecosystem. Hub’s native token is Atom, which is used for staking, governance, and trading fees.This proposal narrowly passed with 41.1% in favor and 38.5% against, the highest voter turnout in the history of the Cosmos ecosystem. It was expected to fail just hours before the deadline,…
With the news that stablecoin issuer Circle (USDC) is investing in blockchain projects, Solana (SOL) competitors are suddenly soaring. SEI Network (SEI), a new layer 1 blockchain that claims to be a faster blockchain than Solana, has reached a high of $0.250 since the Circle announcement, up more than 110% from $0.118 on November 10. Circle said it is investing in the SEI network to expand the use cases for USDC, a digital asset pegged to the dollar. SEI is down slightly and is trading at $0.239 at the time of writing. said BE, “SEI was specifically designed to address…
Welcome to our monthly newsletter! Get ready for exciting updates from the BitPay team, including new merchants joining the cryptocurrency world. Let’s take a look at this month’s highlights!On this issue: Bitpay in the newsCheck out the latest news from BitPay this month.industry newsRead news from across the blockchain industry.Stay informedLatest insights from the BitPay blog:BitPay welcomes you espresso displayBitPay is very excited to welcome this. espresso display As the latest BitPay merchant. Espresso Displays offers the world’s thinnest portable touchscreen monitors, known for their sleek design and high performance. Designed in Australia, this monitor meets a wide range of…
As an EEA member, CUBE3.AI is part of a community of EEA organizations working to advance Ethereum and drive industry adoption. In the Q&A below, EEA interviews Einaras Gravrock, CEO and founder of CUBE3, about how the organization contributes to the Ethereum business ecosystem. Please introduce your company and yourself: hello. CUBE3.AI is the first real-time transaction security platform that not only detects threats without interrupting contracts, but also blocks hacking and exploit attempts before they cause damage. It uses machine learning to provide a risk score for every transaction based on potential cyberattacks, fraud, vulnerabilities, and compliance risks, ensuring…