Former FTX co-CEO Ryan Salame has been sentenced to 90 months in prison after pleading guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission. The sentence was handed down by US District Judge Lewis A. Kaplan, following Salame’s involvement in running an unlicensed money-transmitting business through FTX Digital Markets, the
Crypto
Gemini’s recent announcement of successfully recovering almost all of its customers’ digital assets has sent ripples throughout the cryptocurrency community. This unprecedented recovery by the crypto exchange, established by the Winklevoss twins, has showcased a level of responsibility and commitment that is commendable in the industry. The news broke on Wednesday, with Gemini revealing that
The approval of spot Ether ETFs by the U.S. Securities and Exchange Commission has sparked discussions about the potential impact on the market. According to a report by Kaiko, if Grayscale’s upcoming Ether ETF follows the trend set by the company’s Bitcoin Trust, it could see an average outflow of $110 million per day. The
The value of the Normie (NORMIE) token plummeted by a staggering 99% in just three hours following a smart contract exploit. This unfortunate event saw the market cap of the token drop from $42 million to a mere $200,000 in a very short amount of time. The developers of the Base meme coin, where Normie
In the past 24 hours, Floki Inu (FLOKI) experienced a significant 20% rise, propelling its market cap to approximately $2.6 billion and reclaiming the fifth spot in the meme coin sector. This surge in price has caught the attention of many traders and investors alike, leading to a renewed interest in this dog-themed cryptocurrency. Several
TONcoin (TON), the native token of The Open Network blockchain, has been making waves in the cryptocurrency market. According to recent analysis by CryptoQuant, the price of TON has outperformed Bitcoin by 118%. US traders seem to be bullish on TON, while European traders appear to be more skeptical. The on-chain analytics company identified different
The controversial Worldcoin project has recently encountered a significant setback as the Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong issued an order for the Worldcoin Foundation to cease all operations in the region. The PCPD cited that the project’s practices were in violation of local privacy regulations, specifically regarding the
Recently, Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ in partnership with several industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This initiative aims to combat online fraud and financial schemes, while also focusing on educating and protecting users. The coalition emphasizes that scams are not limited
The history of Bitcoin is a fascinating journey from humble beginnings to unimaginable wealth. The infamous Bitcoin Pizza Day, celebrated on May 22, marks a momentous occasion in the cryptocurrency world when 10,000 BTC was exchanged for two Papa John’s pizzas. At the time, Bitcoin was valued at $0.0041, making the total cost of the
Bitcoin experienced a rollercoaster week alongside the rest of the market, driven by both hype and real developments such as the approval of spot Ethereum ETFs in the United States. The week began with Bitcoin struggling to stay above $66,000 and dipping below this level at times. However, Monday saw a spectacular surge in price,