Federal prosecutors are seeking a hefty prison sentence of 40 to 50 years for FTX founder, Sam Bankman-Fried (SBF), who has been convicted of orchestrating a massive financial fraud scheme worth over $8 billion. The sentencing memorandum filed by the US Attorney’s Office for the Southern District of New York sheds light on SBF’s extensive
The Securities and Futures Commission (SFC) of Hong Kong recently issued a public warning about MEXC’s unlicensed operations within its jurisdictions. The SFC highlighted that MEXC, a virtual asset trading platform, has been targeting Hong Kong investors without the necessary license. This has led to MEXC being added to Hong Kong’s list of suspicious virtual
XRP, the digital asset associated with Ripple, has recently experienced a dip in its price, falling to $0.63 according to CoinGecko’s data. This marks a 5.5% decrease in a 24-hour period, as part of the broader market correction that affected many cryptocurrencies. Despite this setback, analysts are optimistic about XRP’s future prospects. According to analysts
The recent crash in the price of Bitcoin has been attributed to a significant decrease in net inflows into Bitcoin Exchange Traded Funds (ETFs). Spot Bitcoin ETFs, which were seeing a steady stream of inflows, suddenly experienced a sharp decline in net inflows over the last few days. This decrease in buying activity by institutions
The recent pushback from Senators Jack Reed and Laphonza Butler against the approval of non-Bitcoin crypto ETFs, particularly focusing on Ethereum, has put a spotlight on the challenges faced by the SEC in regulating these new investment products. The Senators highlighted concerns about the lack of trading volumes and market integrity in cryptocurrencies other than
The cryptocurrency market is constantly evolving, and new tokens are frequently introduced with the potential to become overnight sensations. The latest addition to the meme coin world is BOOK OF MEME (BOME) on the Solana blockchain. Since its debut, BOME has seen an astonishing price increase of nearly 5,000% and a trading volume exceeding $350
The new Ethereum-based meme token Dogecoin20 (DOGE20) has quickly gained traction in its presale, surpassing the $240,000 mark within just 24 hours of its launch. The coin’s innovative approach to Dogecoin-related memes has captured the attention of investors looking for something fresh in the meme token landscape. DOGE20 aims to differentiate itself by offering a
VeVe Comics, in collaboration with Marvel Comics, has introduced a groundbreaking platform that offers fans access to over 300 new Marvel digital issues. This includes popular characters like Spider-Man, X-Men, Captain Marvel, and Black Panther. What sets VeVe Comics apart from other digital comic book readers is its unique panel-by-panel viewing feature. Rather than simply
It has come to light that the notorious North Korea-backed hacker group Lazarus has made a strategic shift in its money laundering tactics. Despite previous US government sanctions that led them to cease the use of the crypto mixer Tornado Cash, the group has resorted to utilizing it once again to obfuscate their transactions. This
In the midst of the ongoing crypto frenzy, investors are shifting their focus to a lesser-known ICO called Sponge (SPONGE) in search of monumental gains. While popular coins like Dogecoin and Dogwifhat continue to soar, Sponge has been quietly making waves in the market. With a recent surge of over 400% since its launch on
