Federal prosecutors have requested a severe prison sentence of 40 to 50 years for Sam Bankman-Fried, the founder of FTX, after his conviction for orchestrating one of the largest financial frauds in recent history. The US Attorney’s Office for the Southern District of New York outlined the extensive fraudulent activities perpetrated by Bankman-Fried in a
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Sponge V1 made its entrance during the bear market of May 2023, standing out as a fair launch token that quickly gained momentum in the world of meme coins. The catchy and nostalgic namesake of Sponge captured the attention of many, leading to a significant surge in popularity. The first SPONGE token skyrocketed to become
Several months ago, Binance made a significant move by spinning off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision, although not widely publicized, marked a major shift in the organizational structure of the company. Bloomberg shed light on this development in a report on March 15, pointing out that
Recently, two US Senators, Jack Reed and Laphonza Butler, raised concerns about the approval of crypto ETF proposals, specifically focusing on Ethereum. They pointed out the lack of sufficient trading volumes and integrity in cryptos like Ethereum, which could pose risks for retail investors. The Senators advised the SEC to tighten its scrutiny on Bitcoin
NFPrompt, a content generation platform backed by Binance Labs, recently revealed a security breach that led to the unauthorized access and theft of user and platform funds. The hackers successfully compromised several wallets, including those belonging to NFP’s administrators, resulting in significant financial losses. The platform described the incident as a “critical security incident” that
Bitcoin has experienced a significant downturn in price due to a massive crash that occurred on Friday. This crash, which drove the price below $66,000, had a cascading effect on the entire cryptocurrency market. The root cause of this abrupt decline can be linked to a reduction in inflows for Spot Bitcoin ETFs. Institutions, who
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC exchange within its jurisdiction. The SFC emphasized that MEXC, a virtual asset trading platform targeting Hong Kong investors, is not licensed by the regulatory body. As a result, MEXC has been added to the list
A recent survey conducted by the leading crypto venture capital firm, Paradigm, provides insights into the potential impact of cryptocurrency owners on the upcoming 2024 US Presidential Election. The survey, which included 1,000 registered voters, revealed that there is significant support for former President Donald Trump within the crypto community. The survey results showed that
Dogwifhat, known as WIF in the cryptocurrency world, has defied expectations and climbed to the top of the Solana meme coin hierarchy. Starting as just another digital currency looking to make an impression, Dogwifhat skyrocketed in popularity through a community-driven fundraising campaign. With over $680,000 raised collectively, supporters of Dogwifhat secured a prime advertising spot
Dogecoin20 (DOGE20), a new Ethereum-based meme token, has rapidly garnered attention in the market by surpassing the $240,000 mark in its presale. Launched less than 24 hours ago, this innovative token has captured the interest of investors with its unique approach to Dogecoin-related memes. The token aims to revolutionize the meme coin space by offering