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Legal Battle Intensifies: Sam Bankman-Fried's Defense Challenges 50-Year Sentence Proposal

Legal Battle Intensifies: Sam Bankman-Fried's Defense Challenges 50-Year Sentence Proposal

In a recent development that has captivated the financial and legal sectors alike, the defense team for Sam Bankman-Fried (SBF), the embattled founder of FTX, has vociferously objected to the U.S. prosecutors' recommendation for a 50-year prison sentence. This stance was taken in response to the U.S. prosecution's

"The Memecoin Misadventure: A $152,000 Lesson in Crypto Volatility"

"The Memecoin Misadventure: A $152,000 Lesson in Crypto Volatility"

In an astonishing turn of events, an anonymous trader's foray into the volatile world of memecoins ended in a staggering loss of $152,000 over just three days. The financial debacle unfolded on the blockchain, with Lookonchain reporting the rapid descent from a substantial investment to a significant deficit. The

"Kamino Finance Announces Upcoming KMNO Airdrop Event in April"

"Kamino Finance Announces Upcoming KMNO Airdrop Event in April"

Kamino Finance, a notable DeFi protocol built on the Solana network, has officially declared its plans to conduct an airdrop event for its KMNO token in April 2024. This eagerly awaited event will follow a crucial snapshot scheduled for March 31, during which the participating team will earmark a substantial

Binance Faces Potential $10 Billion Fine in Nigeria Amid Accusations of Operating Without a License and Currency Manipulation

Binance Faces Potential $10 Billion Fine in Nigeria Amid Accusations of Operating Without a License and Currency Manipulation

In a significant development that has caught the attention of both financial and cryptocurrency markets worldwide, Binance, the global cryptocurrency exchange, is currently under investigation by Nigerian authorities. The investigation stems from accusations that the exchange has been operating without the requisite license and has been instrumental in the depreciation

Record-Breaking $2.4 Billion Trading Volume for Spot Bitcoin ETFs: A Historic Milestone

Record-Breaking $2.4 Billion Trading Volume for Spot Bitcoin ETFs: A Historic Milestone

February 6th witnessed a groundbreaking achievement in the cryptocurrency market as the trading volume for spot Bitcoin ETFs soared to an unprecedented $2.4 billion, setting a new historical record. This milestone was first reported by Bloomberg's analyst Eric Balchunas, who highlighted the significance of this surge in trading activity.

Legal Team of SBF Seeks to Cap Prison Sentence at 6.5 Years, Citing Philanthropy and Remorse

Legal Team of SBF Seeks to Cap Prison Sentence at 6.5 Years, Citing Philanthropy and Remorse

In a notable legal move, the attorneys representing Sam Bankman-Fried (SBF), the former CEO of the FTX exchange, have made a formal request to the court to limit his potential prison sentence to a maximum of 6.5 years. This request comes ahead of the scheduled court hearing on March

Spot Bitcoin ETFs Shatter Trading Records with $2.4 Billion in Daily Volume

Spot Bitcoin ETFs Shatter Trading Records with $2.4 Billion in Daily Volume

On February 26, 2024, the trading world witnessed an unprecedented event as the cumulative trading volume of spot Bitcoin ETFs soared to a staggering $2.4 billion. This remarkable achievement was highlighted by Bloomberg analyst Eric Balchunas, marking a new historic peak for these investment products. Leading the charge in

Michael Saylor Remains Bullish on Bitcoin, Rejects Selling Strategy for MicroStrategy's Holdings

Michael Saylor Remains Bullish on Bitcoin, Rejects Selling Strategy for MicroStrategy's Holdings

In a determined stance against divesting from the digital currency landscape, Michael Saylor, the founder of MicroStrategy, has vocally reinforced his commitment to Bitcoin, labeling it as a "strong asset." During an enlightening interview with Bloomberg, Saylor articulated his viewpoint, which is steeped in a profound belief in Bitcoin's enduring

Fear and Greed Index Hits November 2021 Highs

Fear and Greed Index Hits November 2021 Highs

Over the past day, the Fear and Greed Index has surged by nine points, marking a 16-point increase since the beginning of the month. This indicator has now reached a new high since November 2021. On February 13, 2024, the Fear and Greed Index soared to 79 points, matching the

China's Bitcoin Miners Seek New Horizons in Ethiopia's Power Landscape

China's Bitcoin Miners Seek New Horizons in Ethiopia's Power Landscape

In the dynamic realm of cryptocurrency mining, the quest for affordable and sustainable energy sources is a perpetual journey. Recently, Ethiopia has emerged as an unexpected destination for Chinese bitcoin miners, drawn by the country's enticing combination of low electricity tariffs and amicable diplomatic ties with the People's Republic of