The recent sentencing memorandum filed by federal prosecutors sheds light on the extensive financial fraud committed by FTX founder Sam Bankman-Fried. The request for a prison sentence of 40 to 50 years highlights the gravity of his actions, which involved the misappropriation of over $8 billion of customer funds. This revelation not only exposes the
Private wealth management firm, Bernstein, has recently reaffirmed their prediction for Bitcoin’s future value. Analysts Gautam Chhugani and Mahika Sapra have expressed their belief that Bitcoin has the potential to reach $150,000 by the year 2025. This forecast is based on the recent surge in Bitcoin prices, with the cryptocurrency hitting new all-time highs above
The Chief Legal Officer at Coinbase, Paul Grewal, recently addressed a letter written by Senators Jack Reed and Laphonza Butler, criticizing their plea to the SEC for stricter regulations on Bitcoin exchange-traded funds (ETFs). Grewal argued that the evidence actually supports the need for expanding the ETF market to include assets beyond Bitcoin, highlighting the
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a public warning about the unlicensed operations of MEXC within its jurisdictions. The SFC emphasized that MEXC has been targeting Hong Kong investors without the necessary license to operate as a virtual asset trading platform in the city-state. This violation of local laws has
The Sponge token, specifically SPONGE V2, has garnered the attention of crypto whales as they anticipate its listing on major exchanges. This surge in interest follows the successful migration of the Sponge ecosystem to the Polygon network, rebranded as SPONGEV2. The initial SPONGE token, V1, made its mark during the bear market of May 2023,
Bitcoin experienced a significant crash as the price fell below $66,000, dragging the rest of the crypto market down as well. The root cause of this crash can be linked back to Spot Bitcoin ETFs. These ETFs, which had been driving the bull run, started to show signs of weakening as institutions scaled back on
The recent market correction has led to a dip in the price of Ripple’s XRP, with the asset currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downward trend, analysts like EGRAG CRYPTO are remaining optimistic about the future of XRP, predicting “life-changing,
The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. Senators Jack Reed and Laphonza Butler advised the financial regulator to tighten its scrutiny of Bitcoin ETFs. They raised concerns about
In the volatile world of cryptocurrency, new tokens are constantly emerging, some of which capture the attention of investors almost instantly. The latest addition to this trend is BOOK OF MEME (BOME), a meme coin built on the Solana blockchain. Despite only being introduced recently, BOME has already experienced an astonishing price surge of nearly
In the fast-paced world of cryptocurrency, new innovations are constantly emerging to capture the attention of investors. One such recent development is the rise of Dogecoin20 (DOGE20), an Ethereum-based meme token that has quickly gained traction in the market. With a presale that has already surpassed the $240,000 mark in less than 24 hours, DOGE20