Former FTX executive Ryan Salame is facing a complicated legal battle as he tries to void his guilty plea based on false promises from prosecutors. The US government has strongly opposed Salame’s attempt, calling his allegations demonstrably false. The charges against Salame’s partner, Michelle Bond, are distinct and ongoing, according to the US Attorney’s Office.
Abra, a crypto lending firm, recently found itself in hot water with the US Securities and Exchange Commission (SEC) for failing to register its crypto asset lending product, Abra Earn. Despite offering the product in the US and attracting approximately $600 million in assets, the majority of which came from US investors, Abra did not
Sony Blockchain Solutions Labs, in collaboration with Startale labs, has unveiled its latest project – the Soneium blockchain platform. The primary objective of Soneium is to bridge the gap between Web3 and Web2, making it simpler and more accessible for individuals to adopt blockchain technology that is user-friendly, scalable, efficient, and capable of addressing real-world
Meta, formerly known as Facebook, recently made headlines with the cancellation of its next-gen mixed-reality headset. This decision has sparked a debate within the tech community about the company’s strategic direction and its potential impact on the AR/VR market. The cancellation of the Reality Labs headset can be seen as a strategic shift for Meta.
The former CEO of Heartland Tri-State Bank (HTSB), Shan Hanes, was recently sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers between May and July 2023, directing the bank’s funds to a cryptocurrency wallet in a scheme known as “pig butchering.” This
A recent video chart analysis by crypto analyst @XForceGlobal has shed light on the potential of Cardano (ADA) in the current market environment. Despite being labeled as a “dinosaur coin” by some, XForceGlobal points out that ADA may be on the brink of entering a strong upward phase, specifically identified as “Wave 3” within the
The recent arrest of Pavel Durov in France has garnered significant attention and support from various celebrities and public figures. Well-known names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all come forward to show their solidarity with Durov in the wake of his arrest. Following Durov’s arrest, the cryptocurrency
In a surprising turn of events, Bitcoin (BTC) experienced a significant spike of over 6% following Federal Reserve Chairman Jerome Powell’s recent announcement. Powell hinted at a potential 25bps rate cut at the next meeting on September 18, causing a ripple effect in the cryptocurrency market. This unexpected news has added to Bitcoin’s already volatile
The US Securities and Exchange Commission has adamantly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. The SEC argued in a New York federal court filing that Heart’s attempt to dismiss the lawsuit does not adequately address the allegations outlined in the complaint
The Cardano (ADA) community is abuzz with excitement as the Chang hard fork, a highly anticipated upgrade, is set to launch soon. Intersect, a member-based organization for the Cardano ecosystem, recently provided comprehensive details and updates on the upcoming Chang hard fork. The organization revealed that preparations for the upgrade are nearly complete, with key
