Tag: Crypto

So, it has finally occurred. Sam Bankman-Fried, known by many as a dubious character, has been handed a prison sentence of 25 years. While some may argue it’s not enough, it’s a significant development nonetheless. The entire cryptocurrency community has been abuzz with a sense of relief and vindication over the past twenty-four hours. This event led me to ponder another figure in the crypto realm whom the U.S. legal system has its sights set on – Changpeng “CZ” Zhao.

Bitcoin halving, one of the most anticipated crypto events of 2024, is less than a month away, and miners appear to be fully prepared for the aftermath. The April event is projected to cut Bitcoin’s mining incentives in half, making transaction validation less profitable.

As Bitcoin (BTC) reached a high of $73,000, experts focused on its link with AI company Nvidia. This comes after both assets reached record highs, aided by strong fundamentals and sector confidence. This occurs in the midst of a significant downturn, the strongest in more than a year. Meanwhile, AltSignals, an AI token, has been making progress in the fast-expanding crypto and AI sectors. Listings on Uniswap and CoinGecko have solidified the token’s future as BTC and Nvidia’s correlation develops.

Huge memecoin fever has escalated, with Dogwifhat (WIF) enthusiasts organizing fundraising to place the community’s pink hat-wearing mascot on the Las Vegas Sphere. One of the world’s largest music arenas, it can accommodate up to 20,000 people during performances and is a popular tourist destination in Vegas.

Banmeet Singh, a 40-year-old Indian national, has confessed to operating a large-scale drug network on the dark web with global reach. His narcotics enterprise spanned continents and involved the sale of controlled substances to a global clientele.

Binance co-founder Yi He has issued a warning to users about a scam that is using her name and likeness on LinkedIn. Scammers are creating fake accounts that appear to be genuine, and then using them to contact users and attempt to trick them into revealing personal information or sending money.

The world’s largest NFT marketplace, OpenSea, might be changing hands. CEO Devin Finzer revealed they’ve received acquisition interest and remain open to the possibility, though actively seeking buyers. This news sends ripples through the already volatile crypto space, leaving questions about OpenSea’s future leadership and the broader NFT landscape.

Google has a policy update scheduled for January 29 to allow some crypto products to be advertised. Crypto market speculates that Bitcoin ETF ads could feature as issuers double down on commercials. Financial products that allow investors to trade shares in trusts holding large pools of digital currency qualify for Google’s selection criteria.

Core Scientific, a Bitcoin mining and hosting solutions provider, is set to resume trading on Nasdaq after completing its Chapter 11 bankruptcy process. The company plans to relist its shares and has implemented a restructuring plan to cut $400 million in debt.

The SEC’s approval of the first-ever spot Bitcoin ETFs has sent the crypto market into a frenzy, with Ethereum and other crypto stocks surging to new highs. Bitcoin fell by 3% in 24 hours, but Ethereum rose by 8.1% in 24 hours, close to $2,450, reaching a nineteen-month high. Other crypto stocks such as LDO, RPL, ARB, OP, MKR, AAVE and ETC also gained momentum.