Author: NBTC
John J. Ray III, Acting CEO of cryptocurrency exchange FTX, has strongly disputed previous CEO Sam Bankman-Fried’s claims that his customers suffered no harm and no funds were lost when the exchange crashed in November 2022. In the letter addressed to U.S. District Judge Lewis Kaplan, Ray called Bankman-Fried’s allegations “absolutely disrespectful and patently false.” Bankman-Fried had previously argued that US prosecutors’ attempts to imprison him for up to 50 years were a distortion of the truth and painted him as an “immoral supervillain”. Ray’s response text primarily targeted the allegations made by Bankman-Fried’s legal team in a sentencing application…
There’s been no escaping Bitcoin this year. It’s on the news, it’s in your 401k, and it’s probably in your wallet. From Vietnamese rice farmers to Wall Street hedge funds, entities great and small have been stacking sats and holding on tightly to the best-performing asset of the last decade. Bitcoin’s meteoric rise — albeit with plenty of false starts and big dips along the way — has been enthralling to witness. Even those with no skin in the game, content to watch from the sidelines, have begrudgingly conceded that Bitcoin has surpassed all expectations. Renowned crypto skeptic Senator Elizabeth…
The Avalanche Foundation delivers the initial stage of Memecoin Rush, a $1 million mining incentive program, to have multiple more stages. Like the Foundation’s previous incentive programs, Memecoin Rush has been developed to upgrade liquidity and create movement for the community coin ecosystem on Avalanche. This initial deliverance is associated with SteakHut and Trader Joe, with more in the offing. The Avalanche conventional projects will encourage trading and attach liquidity plans for selective community tokens. Memecoin Rush is a continued Avalanche Rush, the continuing liquidity program that has supported boosting Avalanche DeFi from 2021 onwards. The initial stage of the…
Sam Bankman-Fried’s defense team argued the U.S. Department of Justice was misapplying legal precedent in arguing for a lengthy prison term. The DOJ urged a sentence of 40 to 50 years, as opposed to the defense’s request for roughly 6 years, for the former FTX CEO. Sam Bankman-Fried’s lawyers have pushed back against some of the legal cases cited by the U.S. government in its sentencing memo, which makes the case for why the Department of Justice think the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday said. Bankman-Fried’s…
While the rally in Bitcoin to $64,000 pleased both retail and institutional investors, investors’ BTC profits also increased. While El Salvador is one of the institutional investors whose BTC profits increased, El Salvador President Nayib Bukele recently said that the country’s BTC portfolio gained 40 percent in value with the recent rise. Referring to those who criticized his and his country’s Bitcoin decision with this post, Bukele stated that they would not sell BTC and would continue to accumulate it. While Bitcoin maximalists shared Bukele’s joy, Bitcoin enemies such as Peter Schiff overshadowed it. Commenting on Bukele’s post, gold advocate…
The Reserve Rights (RSR) token has surged by 30% in the last 24 hours, setting it apart as one of the standout performers in the cryptocurrency market. As per data by CoinMarketcap, on March 22, the token’s value reached $0.0096, marking its highest level since 2022. RSR 24-hour price chart | Source: CoinMarketCap The surge occurs at a time marked by a general downturn in the market, with major cryptocurrencies such as Bitcoin, Ethereum, and Ripple experiencing declines. Reserve Rights is a blockchain initiative aimed at creating a stable, inflation-resistant currency. The Reserve Protocol allows users to produce RTokens, which…
Lucie, a member of the Shiba Inu core team, took to X to shed light on the significant contributions made by Woofswap to the Shiba Inu community. Woofswap, a decentralized exchange, has emerged as a pivotal player in easing the functionality of the Shibarium network. Fun fact:@woofswap is one of few behind the significant spike in transactions, which is why we’ve seen a nice amount of $SHIB burns on #Shibarium. They assisted with the @gate_io integration and have now deployed $DAMN, helping to bridge many people to #Shibarium.Nothing… — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 20, 2024 Speaking on the…
In a recent post on the X social media platform, Ripple CEO Brad Garlinghouse has predicted that the U.S. Securities and Exchange Commission (SEC) is on track to lose its “war” against Ethereum (ETH). According to Garlinghouse, the SEC is already “losing badly” in the court while falling below international counterparts in terms of regulatory standards. Earlier this week, various media outlets reported that the SEC has launched an aggressive campaign to label the second-largest cryptocurrency as a security. The Ethereum Foundation is also facing an ongoing investigation. As reported by U.Today, Paul Grewal, chief legal officer at Coinbase, took…
Mike McGlone, senior commodity strategist at Bloomberg, published a tweet about Bitcoin nearing the $70,000 level and what may happen to the gold price, while it is happening. McGlone has named two main reasons why Bitcoin can soar to $70,000 and gold price may dump. What may happen to gold as Bitcoin heads for $70,000: McGlone Bloomberg’s expert mentioned the recent Bitcoin price surge and that BTC is likely targeting the $70,000 now. In the meantime, he stated, gold, which is considered a BTC rival in the world of physical assets by many parameters, and mainly as a safe haven…
D3, an official identity service provider for Web3 Communities and a Shiba Inu partner, shares pertinent information with the Shib community regarding SHIB names. Shib Names, which debuted on March 6, has received tremendous attention and adoption from the Shib Army, indicating a strong interest in innovative Web3 solutions. Hey #ShibArmy! If you had a #ShibName stuck in the Mantra smart contract during the transition from SNS to D3, your names have now been unlocked and sent to your wallets 💪 pic.twitter.com/9SivRFTXez — D3 (@D3inc) March 21, 2024 This initiative, which stems from Shib’s partnership with D3, entails applying for…