Author: NBTC

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…

Leading decentralized finance company Swell recently announced a partnership with premiere cryptocurrency exchange OKX. In their joint announcement, the two groups said they hoped to leverage a growing demand for fast and inexpensive crypto solutions. They added that by joining forces, they are helping to develop DeFi and Layer 2. OKX’s Layer 2 and Swell’s rested role together are workable because they operate with Polygon’s Crypto Development Kit. OKX has been very active in expanding its ecosystem with new partnerships. Swell is collaborating with OKX’s L2! 🤝🌊The new collaboration will unlock powerful synergies between Swell’s restaked rollup and @OKX’s L2,…

On a rainy Thursday in New York City, the saga of Sam Bankman-Fried came to an end—for now, at least. U.S. District Judge Lewis Kaplan sentenced the co-founder and former CEO of FTX to 25 years in prison, with three years of supervised release and the forfeiture of more than $11 billion in ill-gotten gains. Sam Bankman-Fried’s lawyers said they intend to appeal. The hearing where Kaplan pronounced his sentence, though, was not a 15-minute formality. Arguably, it started the evening prior, when Richard Partington III, a 42-year-old part-time teacher in Long Island, became the first member of the public…

SubQuery Network is a pioneer in decentralized web3 infrastructure. It recently passed a major milestone which is crucial to its network evolution. As a result of this, it has become an open, permissionless platform for all. Moreover, it allows easy access to decentralized indexed data and RPC endpoints. Earlier, SubQuery announced partnership with Stargaze to improve its NFT marketplace experience. SubQuery Network to Remove Publishing Restrictions to Foster Diversity This update makes SubQuery smooth and uninterrupted. Additionally, users can quickly create a Flex plan for their favorite RPC network with a production-ready API key. Customers can pay with SQT tokens…

As the leading cryptocurrency Bitcoin prepares for the halving event, which is expected to take place in April, bullish expectations for BTC are increasing. At this point, while the giant bank Standard Chartered increased its 2024 year-end BTC target to $ 150,000, Acheron Trading CEO Laurent Benayoun predicted that the Bitcoin price could increase by another 150% during the current bull market cycle. Stating that at this point, the BTC price could rise up to $180,000 in the bull cycle, the famous CEO said that ETFs and the decrease in supply after the Bitcoin halving will be effective in this…

In an exciting development for the world of decentralized finance (DeFi), INTMAX, the pioneering force behind Plasma Next—an advanced Ethereum scalability platform—has joined forces with IdeaSoft, a key player within the Sigma Software Group known for its innovative blockchain fintech solutions. Together, they’re set to revolutionize the DeFi landscape with the introduction of JIBx, a perpetual decentralized exchange (DEX) built on the Plasma Next framework. Plasma Next, an evolution of the Plasma scalability solution originally proposed by Ethereum luminaries Joseph Poon and Vitalik Buterin, represents a significant advancement in blockchain technology. By employing zero-knowledge proofs and eliminating the need for…

In his parting words to FTX founder Sam Bankman-Fried on Thursday, the judge overseeing his criminal case said the former darling of the cryptocurrency industry, although “exceptionally ambitious,” was ultimately a reckless gambler. Bankman-Fried is “a man willing to flip a coin as to the continued existence of life and civilization on Earth if the chances were imperceptibly greater that it would come out without that catastrophic outcome,” Judge Lewis Kaplan said during Bankman-Fried’s sentencing hearing. Kaplan ordered Bankman-Fried to 25 years in prison, a sentence that falls between the defense’s requested 6.5 years and the government’s proposed 40 to…

Spark, a Maker SubDAO-built DeFi infrastructure, has deployed $100 million in new DAI liquidity with Morpho Blue, Morpho’s lending protocol. This move allows users to borrow Ethena’s stablecoins, USDe and sUSDe, at highly efficient leveraged positions backed by MakerDAO. Ethena’s USDe is backed 1:1 to the US dollar and collateralized with institutional custodians, including Fireblocks, Copper, Ceffu and Cobo. sUSDe is a value accruing “internet bond,” or a staked version of the USDe asset. In addition to creating new DAI markets, a DAI vault has been built on MetaMorpho, a protocol that enables vaults to be created on Morpho Blue…