Why was Ryan Salame given a sentence longer than prosecutors recommended?
U.S. authorities had requested a judge impose a sentence of five to seven years on the former FTX Digital Markets co-CEO, but one ordered Ryan Salame to spend 90 months in prison.
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2020 has provided the incentive to rethink our approach to money
2020 has been a year of upheaval throughout the world. Overshadowed by the COVID-19 pandemic, the events of this year brought forth new challenges no one was prepared for, upending the way we live, work, and transact. Early this year, global financial markets took a severe hit as stocks, commodities and even cryptocurrency prices fell. Against…
Firm building decentralized supercomputer attracts 1.5M nodes during testnet
Nexus said the testnet results show that there’s “early excitement” for a shared supercomputer.
Bitcoin Price: Gold Breakout Could Jolt BTC Above $12K, Say Analysts
Bitcoin (BTC) price remained fairly buoyant on Aug. 13 despite a fresh delay of an exchange-traded fund (ETF) by United States regulators. Market visualization. Source: Coin360Bitcoin price unfazed by Bitcoin ETF delayData from Coin360 showed BTC/USD clinging to support above $11,000 Tuesday, as the fallout of another delay to a Bitcoin ETF hitting the market appeared…
Polygon proposes upgrading MATIC into a multipurpose token for all chains
The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains.The proposal…
Brazilian Police Arrest Suspect for Money Laundering With Bitcoin
Brazilian police have arrested a man for operating a clandestine drug laboratory and using the leading cryptocurrency bitcoin (BTC) to launder the proceeds, Cointelegraph Brasil reported on April 24.The State Department of Drug Trafficking (Denarc) in Porto Alegre, Rio Grande do Sul, reportedly located a clandestine bitcoin mining laboratory in a small house while chasing…
How Crypto Exchanges Are Tackling Poverty
Ongoing technological advancement in digital currencies is a phenomenon that can help developing countries both politically and economically. Cryptocurrencies can solve problems that are unique to these countries by providing access to a bank account, easy transfer of money across borders, and fractionalized payments.Improving the accessibility of financial services can help improve developing economies by…
Portuguese national football team launches fan token with Socios
The platform reported the sales of all its fan tokens have generated more $150 million this year. 425 Total views 3 Total shares Blockchain-based sports platform Chiliz has partnered with the Portuguese Football Federation to release fan tokens on Socios.In a Thursday announcement from Socios, the platform said it will be dropping tokens for the…
Investor Sues Bitstamp and Gatehub Over Millions in Missing Coins
Gatehub and Bitstamp are facing lawsuits from a Canadian investor over $4.9 million in alleged losses resulting from misleading info. 264 Total views 12 Total shares Canadian cryptocurrency investor, Salim Satir, has filed a lawsuit against cryptocurrency exchanges, Gatehub and Bitstamp, with the High Court of Justice of England and Wales over $4.9 in purported…