RIP BOZO: crypto Twitter [X] reactions to Sam Bankman-Fried verdict
Crypto entrepreneur Sam Bankman-Fried was found guilty in a criminal trial, sparking a deluge of reactions across the Crypto Twitter community. The verdict was delivered by a New York jury on Wednesday night. Bankman-Fried’s trial drew considerable attention, culminating in a guilty verdict that has stirred up the crypto community. The verdict was met with […]
FTX founder Sam Bankman-Fried convicted on fraud charges
Sam Bankman-Fried, co-founder of FTX, has been found guilty of all charges in a high-profile fraud trial. The jury took a mere three hours to decide on the verdict, finding Bankman-Fried guilty on seven counts of fraud and conspiracy. This comes exactly one year after an expose that led to the collapse of his cryptocurrency […]
Hong Kong moves closer to CBDC, meanwhile Hashkey Exchange token launch, and $308M crypto-laundering scheme busted
Hong Kong is advancing towards the launch of a central bank digital currency (CBDC) as Visa, HSBC, and Hang Seng Bank reveal the successful results of phase 1 testing. Meanwhile, HashKey plans to introduce an exchange token in 2024, and a $308M crypto-laundering scheme has been thwarted. The digital Hong Kong dollar (e-HKD) has achieved […]
Coinbase beats Wall Street predictions despite posting $2.2 Million Q3 loss
Cryptocurrency exchange, Coinbase, reported a Q3 loss of $2.2 million, surpassing Wall Street predictions for the third time this year. The firm’s shares fell during after-hours trading on Thursday despite better-than-expected financial results. On a per-share basis, Coinbase reported a loss of $0.01 on $674 million in revenue, whereas analysts had predicted a loss of […]
US Law enforcement seizes $54M in crypto from drug trafficker
US federal law enforcement has confiscated $54 million in cryptocurrency from a convicted drug trafficker’s digital wallets, thwarting his plans to take the funds offshore. The seized funds belonged to Christopher Castelluzzo, a notorious New Jersey drug ring leader. US Attorney Philip R. Sellinger disclosed that the crypto wallets held the laundered proceeds from the […]
Victor Wembanyama’s NBA NFT fetches record-breaking $110,000
An Ethereum NFT trading card portraying NBA rookie, Victor Wembanyama, has been sold for a staggering $110,000. This sale has outdone the previous record for one of Wembanyama’s physical trading cards. The single-edition “Unique” digital card was released by Sorare NBA, an officially licensed fantasy basketball game. The auction concluded with the card, featuring this […]
Can Bitcoin sustain its bull run in November?
Bitcoin saw a significant price surge in the first month of Q4 2023, raising questions about whether the uptrend will continue into November. Concerns about potential bearish indicators are now surfacing. Bitcoin’s price rallied by over 22% in the first month of Q4, sparking hope among investors for new highs ahead of the upcoming halving. […]
Bitcoin skyrockets to 18-month high, causes $150 Million in liquidations
Bitcoin has surged to an 18-month high, leading to liquidations worth $150 million. The surge is also pushing the overall crypto market cap above $1.3 trillion. The major spike occurred during early Asian trading hours on Wednesday. Bitcoin’s value soared over $36,000 for the first time since May 2022. Several altcoins also witnessed a significant […]
Elon Musk’s unexpected support for Bitcoin Ordinals over NFTs
During a recent podcast appearance, Elon Musk, CEO of Tesla Inc, critiqued non-fungible tokens (NFTs) but inadvertently made a case for Bitcoin Ordinals, Bitcoin’s version of NFTs. The billionaire entrepreneur argued that NFT projects “should at least encode the JPEG in the blockchain,” a comment that was met with approval by many Bitcoin proponents. Musk’s […]
Chinese court sentences masterminds behind $300 Million crypto money laundering scheme
The Tongliang Court in China has given prison terms to 21 persons, including the key orchestrators of a $300 million USDT money laundering case. The gigantic crypto money laundering operation, which took place from November 2020 to late April 2021, was primarily managed by Jiang Moumou and Zheng Moumou. Jiang and Zheng enlisted 19 additional […]