Author: NBTC
Damian Williams, U.S. Attorney for the Southern District of New York, released this statement on social media platform X (formerly twitter) after Sam Bankman-Fried was sentenced to 25 years in prison: Samuel Bankman-Fied orchestrated one of the largest financial frauds in history, stealing over $8 billion of his customers’ money. His deliberate and ongoing lies demonstrated a brazen disregard for customers’ expectations and disrespect for the rule of law, all so that he could secretly use his customers’ money to expand his own power and influence. The scale of his crimes is measured not just by the amount of money…
Bitcoin (BTC) is poised for a potential surge after forming a bullish technical pattern and attracting a wave of institutional investment. The world’s leading cryptocurrency recently surpassed the $70,000 mark, setting the stage for a possible breakout that could eclipse its current all-time high of $73,750. Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory This optimistic outlook comes from analyst Ali Martinez, who identified a bull flag pattern on Bitcoin’s 4-hour chart. This technical indicator typically follows a significant price increase and signifies a consolidation period with a slight downward trend. However, the decreasing trading…
The pseudonymous leader of the Shiba Inu team known as Shytoshi Kusama continues to travel around the world, adjusting his location status on Twitter/X. This time, Kusama’s location mark shows “NYC.” SHIB fan from Japan @kuro_9696_9696 has drawn the Shiba Inu community’s attention to that. Shytoshi Kusama’s current location is…👀📍NYC🤔 pic.twitter.com/cQzY3g7Zgn — KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) March 19, 2024 Shytoshi Kusama keeps changing locations As reported by U.Today, approximately a week ago, Kusama changed locations in several countries of the world (located quite far from each other) within a couple of days – Kioto-fu in Japan, Pittsburgh, Pennsylvania, US, then Hong…
Detained Binance executive Tigran Gambaryan has initiated legal action against Nigerian authorities, including the National Security Adviser (NSA) Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC), over allegations of human rights violations. Gambaryan, an American citizen overseeing the exchange’s crime investigation unit, was detained alongside his colleague Nadeem Anjarwalla by Nigerian authorities on Feb. 26 as part of investigations into the platform’s operation in the West African country. Meanwhile, the Nigerian authorities’ tax evasion case against the crypto trading platform and its executives is expected to commence on April 4. Human rights violation Gambaryan reportedly filed a motion…
Coinbase’s layer-2 network, Base, is gaining some serious traction, with $1 billion in Total Value Locked (TVL). Realistically, Base is probably the hottest L2 network right now. A lot of people are joining in and sticking around, and the network’s TVL confirms this thesis. Base has been attracting attention thanks to the many projects and popular trends that are active on it. Even though the buzz might not last forever — since Base does not offer anything too out of the ordinary — it is still catching people’s eyes for the time being. One of the reasons people are drawn…
Robert Kiyosaki, a financial expert, investor, also known as the author of the classic book on personal finance management “Rich Dad Poor Dad” has addressed his Twitter/X followers with a tweet revealing a new huge reason why it is a perfect time for buying Bitcoin now. “Another giant bank in China goes bust”, “time to get real Bitcoins” Robert Kiyosaki issued a large tweet stating that “another giant bank in China went bust.” Apparently, the “Rich Dad Poor Dad” author is referring to the erosion of the balance sheets of largest Chinese banks at the moment because of their real…
While the XRP Army anticipates the automated market maker (AMM) functionality on XRP Ledger going live in a few days, a notable community figure has suggested XRP’s price could crash significantly. XRP community investigator Mr. Huber has urged XRP holders to prepare for the asset’s potential reaction after the AMM finally launches. Mr. Huber drew inspiration from the occurrence with XRP’s prominent rival, Stellar (XLM). XRP Crashing Like XLM After AMM In particular, the investigator cited that XLM’s value collapsed by over 80% after its AMM functionality went live in late 2021. Notably, market data substantiate this claim. Just to…
Sam Bankman-Fried shouldn’t expect to get Adderall or good vegetarian cooking where he’s headed, according to a federal prison system expert. He’ll be lucky if he’s able to avoid gang violence, as he’s most likely headed to a medium-security prison. On Thursday, a Manhattan judge sentenced the disgraced FTX founder to 25 years in federal prison—a length of time that has key implications for what prison he will now be sent to. According to Christopher Zoukis, a federal prison consultant, precedent suggests that convicts like Bankman-Fried who receive sentences of 25 years or longer are likely to be sent to…
The security token backed by the Diamond Standard Fund is listed on the regulated Oasis Pro Markets, eligible for IRAs and available for institutional investors such as pension funds and endowments. The offering makes the “$1.2 trillion natural resource accessible to investors via a more convenient, tradable fund,” the CEO of Diamond Standard said. Diamonds are the latest conventional asset to get the cryptocurrency industry’s red-hot tokenization treatment, as the precious stones will now be accessible on blockchain rails for investors. Crypto securities trading platform Oasis Pro created a token on the Avalanche C-Chain that represents a stake in the…
Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark. The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply and demand dynamics to forecast price movements. Understanding The Wyckoff ‘SOS’: Bitcoin To $100,000? The Wyckoff Method, developed by Richard D. Wyckoff, is a framework for understanding market structures and predicting future price movements through the analysis of price action, volume, and time. The ‘Sign…