The US government is standing firm against former FTX executive Ryan Salame’s efforts to void his guilty plea, which he claims was based on misleading promises from prosecutors regarding their investigation into his partner Michelle Bond. In response to Salame’s allegations, the US Attorney’s Office has labeled them as “demonstrably false” and clarified that the
admin
Meta’s recent cancellation of their next-gen mixed-reality headset has left the tech community pondering over the strategic implications behind this move. Was it a necessary decision in the ever-evolving market, or a missed opportunity to compete with Apple’s Vision Pro? The answer seems to lie somewhere in between, as Meta navigates the delicate balance between
The US Securities and Exchange Commission (SEC) recently filed settled charges against Abra, a crypto lending firm, for failing to register its crypto asset lending product, Abra Earn. The SEC also filed settled charges against Plutus Lending LLC, Abra’s owner, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s Division
Cardano recently announced a delay in the highly anticipated Chang hardfork, pushing the launch date to September 1, 2024. This decision was made to give exchanges and other platforms more time to prepare for the hardfork. Charles Hoskinson, the founder of Cardano, explained that while the Chang upgrade is ready, some key players such as
Ethereum (ETH) appears to have weathered the storm, with various indicators suggesting that the worst may be behind us for the second-largest cryptocurrency by market cap. One key metric that points to a potential market turnaround is Ethereum’s Market Value to Realized Value (MVRV) ratio, which has hit a low of $1,687. This level typically
The recent dip in the price of Bitcoin, which saw the cryptocurrency crash below $50,000, has left many investors reeling. While the market has since recovered, with Bitcoin now trading around $60,000, the question remains: what led to this sudden downturn? One key factor, as highlighted by Glassnode’s recent report, is the behavior of short-term
Cryptocurrency analyst @XForceGlobal recently shared a video chart analysis focusing on Cardano (ADA), a cryptocurrency that is currently being labeled as a “dinosaur coin” by many in the industry. In the analysis, XForceGlobal provided a detailed examination of Cardano’s position within the Elliott Wave cycle, suggesting that ADA is poised to enter a strong upward
In the wake of Pavel Durov’s controversial arrest in France, a wave of support has emerged from various celebrities and public figures. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all publicly declared their backing for the Telegram founder. This outpouring of support comes after Durov was detained for alleged failure to
The US Securities and Exchange Commission has firmly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit filed against him. The SEC argued that Heart’s attempt to dismiss the lawsuit does not adequately address the allegations laid out in the complaint and ignores established legal standards. The regulator emphasized its
Bitcoin experienced a significant spike of over 6% in response to the Federal Reserve Chairman Jerome Powell’s announcement of adjusting its policy and hinting at a potential rate cut at the upcoming meeting. This unexpected news has contributed to the recent volatility in Bitcoin’s price, with fluctuations occurring unpredictably over the past weeks. Despite this
