Author: NBTC
Former Alameda Research CEO Caroline Ellison has been sentenced to two years in prison for defrauding investors of crypto exchange FTX and its sister firm. Judge Lewis Kaplan of the U.S. District Court of the Southern District of New York handed down the light sentence, citing Ellison’s strong cooperation as a witness against former FTX fraud ringleader Sam Bankman-Fried last fall. “I’ve seen a lot of cooperators in 30 years,” said Kaplan, per Bloomberg. I’ve never seen one quite like Ms. Ellison.” Bankman-Fried received a 25-year sentence last fall, although he has appealed the decision. Ellison, 29, pled guilty in…
Coinbase’s (NASDAQ: COIN) Layer-2 (L2) network Base is one of the most popular second-layers built on top of Ethereum (ETH). On September 21, Base experienced an outage, going through 20 minutes without producing any blocks, similar to Solana’s outages. The event went unnoticed in the cryptocurrency market, with a discreet communication labeling it “degraded performance ” – after it was resolved. However, the problem was bigger than a simple “degraded performance,” as Base had its block production stalled, being effectively down. Jesse Pollak, creator of Base and leading developer on Coinbase, explained it was the network’s second outage since its…
The US government has four official reserve assets. Why shouldn’t bitcoin be the fifth? If bitcoin-friendly Senator Cynthia Lummis gets her way, the US government will buy one million BTC ($67.7 billion) over five years to bolster Treasury coffers. A strategic bitcoin reserve managed by the US government. President Donald Trump otherwise floated a plan to stop the US from selling anymore of its seized bitcoin at Bitcoin 2024 in Nashville. Trump would prefer that the US indefinitely holds its remaining 213,240 BTC ($14.85 billion), which authorities seized from a variety of criminal cases including Silk Road and the Bitfinex…
Solana has officially integrated with Chainflip, marking a significant milestone in the decentralized finance (DeFi) ecosystem. Chainflip, a decentralized cross-chain swap platform, enables seamless exchanges between major cryptocurrencies such as Bitcoin and Ethereum, and now Solana. With this integration, SOL ecosystem becomes part of a selected group of blockchains offering cross-chain transactions, further strengthening its position as leading Layer 1 blockchain. Soylana Manlets assemble, Solana is now live on Chainflip! 🟪 Seamlessly swap native $BTC, $SOL & more today👇https://t.co/uING9wElBN pic.twitter.com/mEW7RzqIzV — CHAINFLIP LABS (@Chainflip) September 24, 2024 Chainflip, known for its focus on decentralized and secure cross-chain transactions, released a…
On Tuesday night in midtown Manhattan, crypto’s cultural elite celebrated the conquest of yet another corner of the luxury market, over sparkling wine and small bites at Swarovski’s glittering flagship store on Fifth Avenue. They were there to kick off the launch of a new line of algorithmically designed, Ethereum NFT-paired, and NFC-chipped custom hoodies, created by a dizzying web of collaborators. The 322 one-of-one clothing pieces constituted the second collection from mmERCH, a tech-focused luxury fashion brand, and were inspired by the CryptoPunk belonging to Punk-themed DJ Danny Maegaard, aka Seedphrase. All came with NFTs created by the prominent…
Ether’s (ETH) market cap has shed approximately one-third of its value in bitcoin (BTC) terms in just 12 months. Even worse, it’s been an embarrassing seven years since ETH last rallied to a new high against the world’s leading crypto. During the early months of Ethereum’s initial coin offering (ICO) in 2017, ETH rallied to an all-time high of approximately 0.15 per bitcoin. It hasn’t surpassed that level since. Even in 2021, amid several positive catalysts for ETH investors, it only hit 0.088 per BTC. That was a commendable comeback from its September 2019 low of 0.016 but still 42%…
Hong Kong‘s crypto activity in the securities industry has generated a revenue of $77 Million Yuan in the first quarter of 2024.The Hong Kong Securities and Futures Commission has released the “Financial Review of the Securities Industry”, which revealed that the total net profit of the Hong Kong securities industry for the six months ending June 30, 2024 has seen further growth. The review report shared that for the first time the securities industry’s ‘virtual asset trading activities’ have incurred a total of 77 million yuan in revenue in the Q1 of 2024. The review report also disclosed that the…
This week, Shiba Inu (SHIB) may spiral into a bullish rally on the heels of a scheduled event featuring Shyoshi Kusama, the ecosystem’s lead developer. This update comes amid sideways movement in SHIB’s price in the past week. Shytoshi Kusama at 2024 Blockchain Futurist Conference Shiba Inu’s head marketer, Lucie, stated in an X post that Kusama will give a talk at the 2024 Blockchain Futurist Conference. According to the details, Kusama will present at the WonderFi Main Stage today, Aug. 13, between 5:05 p.m. and 5:20 p.m. EDT. The Blockchain Futurist Conference 2024 is returning for the sixth year…
Prosecutors and the defense alike argued Caroline Ellison should be sentenced to time served—and without her, the scale of Sam Bankman-Fried’s crimes may never have been uncovered. Caroline Ellison was a key member of Sam Bankman-Fried’s inner circle, turning into a star witness against him during a high-stakes trial last year. Ellison was the former CEO of Alameda Research, the sister trading firm of FTX, which collapsed in 2022 after a multibillion-dollar black hole emerged in the exchange’s finances. A damning investigation later revealed that FTX customer funds had been used to make risky bets without the customers’ knowledge, with…
Ethereum continues revolutionizing decentralized applications and blockchain innovation with its proven platform and smart contract capabilities. With key upgrades like the London hard fork, Ethereum sets the standard for scalability and economic growth in crypto. Ethereum Continues to Drive Decentralized Innovation Current price:$2,551.53 Market cap:$307.0B Ethereum is a decentralized app and open-source, proven blockchain platform. This platform went live in 2015, founded notably by Vitalik Butetrin and others, and by the time of its initial coin offering, it further offered 311 unobtained dollars per ether. Furthermore, the present value of Ethereum’s return on investment is now above 270%, convincingly illustrating…