At a recent hearing, Gary Wang, co-founder of FTX and close associate of Sam Bankman Fried, avoided prison and was released from three years incarcerated. Former FTX executive Gary Wang avoided prison after helping to convict founder Sam Bankman-Fried (SBF). Even after pleading guilty to the FTX fraud, Wang cooperated with the court and the case and received a lenient sentence. The judge asked Gary Wang to cooperate in the FTX case. Judge Lewis A. Kaplan ruled out jailing Wang, saying he deserves a “new world” depending on his level of cooperation. “You did the right thing immediately,” Judge Kaplan…
Author: Crypto Flexs
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Rebecca Moen November 20, 2024 14:36 First Digital is introducing the stablecoin FDUSD as the native token of the Sui blockchain, expanding DeFi options and demonstrating institutional trust in Sui’s growing ecosystem. First Digital has expanded its stablecoin offering by launching the FDUSD stablecoin as the native token of the Sui blockchain. According to the Sui Foundation, this development provides additional options for decentralized finance (DeFi) users, further enhancing the diversity of the ecosystem. FDUSD Joins Sui’s Stablecoin List FDUSD joins the growing list of stablecoins on the Sui platform that already includes USDC…
If VeChain breaks above the descending channel, a potential rebound towards $0.05 is possible. Market activity suggested cautious optimism despite declining social dominance. VeChain (VET) It recently broke a multi-year bearish channel, sparking renewed bullish optimism and garnering significant attention. However, at the time of press, VET was trading at $0.03254, down 0.82% in the last 24 hours. The token recently fell from $0.035, and its social dominance decreased from 0.242% the previous day to 0.181%. Despite this decline, can VET sustain the breakout and head towards $0.05? Two factors point to continued strength VET’s breakout brought it closer to…
Bitcoin maintained pressure on $94,000 until the Wall Street open on November 20 as bidders pushed the price of BTC lower.BTC/USD 4-hour chart. Source: TradingViewBTC Price Record Highest Dormant Coin RemovalData from Cointelegraph Markets Pro and TradingView followed BTC/USD, this time bouncing off a low of $91,500.The characteristic bullish move meant that Bitcoin (BTC)’s all-time high of $94,374 on Bitstamp was reached before the start of the US trading session.Trader Skew noted changes in liquidity conditions on exchange orders. “Has anyone got any information?” He mentioned spot market and perpetual market bidding in one of his latest posts on X.BTC/USDT…
On-chain data has revealed that a large, unknown investor holds more than 10% of the Shiba Inu token supply, raising new concerns about the distribution of the world’s second-largest memecoin.The mysterious Shiba Inu (SHIB) whale owns more than 10% of the total supply of tokens across 150 addresses.According to a November 19 post by blockchain data company Bubblemaps, whales have continued to hold SHIB coins since 2020 despite their holdings being worth over $5 billion at peak valuation.“Between August and October 2020, new players emerged. 0x1406 purchased 103T $SHIB (10% of supply) for just 38 ETH. At that time, 38…
Louisa Crawford November 20, 2024 12:10 Canaan Inc. strengthens its North American presence by expanding its Bitcoin mining operations in Texas and Pennsylvania, targeting 10 EH/s capacity by mid-2025. Strategic Expansion in Texas Canaan Inc. (NASDAQ: CAN), a leading provider of high-performance computing solutions, announced a strategic joint mining agreement with Luna Squares Texas LLC (LS Texas), a West Texas-based Bitcoin mining company. According to (PR Newswire)(https://www.pr Newswire), this collaboration is an important step in Canaan’s plans to expand its own mining operations and achieve 10EH/s capacity in North America by mid-2025. prnewswire.com/news-releases/canaan-inc-expands-its-self-mining-footprint-in-texas-and-pennsylvania-302311215.html). Revenue…
Cardano (ADA) price has surged 140% so far in November, largely due to Donald Trump’s re-election as US President. However, some indicators suggest that much of the Trump-inspired ADA gains could decline in the coming days.ADA signals a 35% adjustment for weak skills.Cardano’s ADA price is showing signs of potential downside risk with a bearish “rising wedge” pattern forming on the 4-hour chart. A technical structure, defined by the convergence of upward sloping trend lines, often indicates a potential downward trend reversal.If ADA breaks below the lower trend line of the wedge, the collapse could be as deep as the…
Litecoin’s foray into the meme coin world did not bode well for SHIB. Lead developer slams LTC mascot for referencing Iron Man movie The price of Shiba Inu rose 5% on Monday as Litecoin underwent a correction. Aside from the 35% rise, Litecoin’s (LTC) recent social media communication has garnered as much attention as the OG altcoin’s price action. On Monday, veteran altcoin-turned-memecoin account X kicked off a comprehensive roasting session led by Litecoin’s new mascot, Lester.Litecoin is frowned upon on social mediaThis quirky yet humorous stick figure character was featured in several viral photos over the weekend. Posing with…
press release. Coinratecap is pleased to announce the end of mining after several months. Pre-sale is scheduled for November 20, 2024 at 10:30 PM (UTC). Coinratecap sets out to empower individuals and cryptocurrency enthusiasts by providing transparency, tools, and insights into the markets. From the beginning, the platform’s focus was (…)
Felix Pinkston November 20, 2024 08:53 The Hong Kong Monetary Authority successfully completed the bidding for one-year maturity HONIA index floating rate bonds, with a bid ratio of 2.73, indicating strong interest from investors. The Hong Kong Monetary Authority (HKMA), which represents the Hong Kong Special Administrative Region government, has announced a successful bid for one-year HONIA index floating rate bonds. The event, held on November 20, 2024, saw the issuance of HK$1.5 billion worth of notes under the Infrastructure Bond Program, according to the Hong Kong Monetary Authority. Strong demand evident in bidding…