With the conviction of Sam Bankman-Fried, the founder of FTX, questions arise surrounding the future of his former colleagues and co-defendants. Nishad Singh, FTX’s director of engineering, Gary Wang, the exchange’s chief technical officer, and Caroline Ellison, former CEO of FTX sister trading firm Alameda Research, had previously pleaded guilty to fraud and conspiracy charges.
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The Bitcoin price action has been showing a pattern of consolidation below the $35,000 support level. However, despite this period of consolidation, the majority of Bitcoin holders are staying strong and holding onto their coins. Onchain data has revealed that the number of Bitcoin unmoved within a 3-month timeframe has reached a record high of
The U.S. Supreme Court has recently announced its decision to review a highly contentious case involving cryptocurrency exchange Coinbase and a dispute with its users regarding a Dogecoin sweepstakes, according to a report by Bloomberg News. At the heart of the matter lies Coinbase’s attempt to shift the dispute with its users from the public
SafeMoon, a decentralized finance (DeFi) protocol, has released an official statement in response to the recent litigation by the United States Securities and Exchange Commission (SEC). The protocol has expressed its intent to seek a resolution regarding the charges brought against its executives. While SafeMoon takes these issues extremely seriously, the platform’s focus remains on
The U.S. Department of the Treasury, along with its Office of Foreign Assets Control (OFAC), recently imposed sanctions on a Russian businesswoman named Ekaterina Zhdanova. These sanctions were put in place due to her involvement in facilitating money laundering and fund movement for Russian elites using various methods, including virtual currency. Zhdanova utilized virtual currency
The meme coin market has experienced a resurgence in recent times, with Sponge token leading the way with its new staking mechanism. This article explores the potential of Sponge token and its attractive proposition for investors, as well as the impact of its staking rewards on the price chart. Sponge token has gained significant traction
Ripple, the blockchain technology company, has announced that its native cryptocurrency XRP has received approval under the Dubai Financial Services Authority’s (DFSA) virtual assets regime. This approval allows virtual asset firms licensed within the Dubai International Financial Centre (DIFC) area to utilize XRP. The news comes after the DFSA previously approved Bitcoin, Ethereum, Litecoin, and
The Solana price has experienced a dramatic surge recently, propelled by a spike in volatility. This bullish momentum has left some market participants astounded, while others have seized the opportunity to capitalize on the price action. As of now, SOL is trading at $40, showing sideways movement in the last 24 hours. Over the past
Polygon (MATIC), a Layer 2 (L2) blockchain network, has witnessed impressive growth in the third quarter of 2023. This article analyzes the platform’s remarkable achievements, including the significant increase in non-fungible token (NFT) sales, successful network upgrades, and the activation of a new token. During Q3 2023, Polygon experienced a staggering 131% quarter-on-quarter increase in
The Render Network, a prominent 3D content rendering platform, has recently made a significant move from the Ethereum blockchain to Solana. This strategic relocation aims to leverage Solana’s high throughput and lower transaction costs. In a recent blog post by the Render Foundation, they announced the successful implementation of an upgrade to their core infrastructure
