Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.
Posts published on May 14, 2024 go to media archive 1/4
Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security…
XRP Price Faces Uphill Battle: Struggles to Initiate Fresh Upside
XRP price is struggling to clear the $0.5120 resistance. The price could decline again in the near term if it stays below $0.5060 and $0.5120. XRP is struggling to gain pace for a move above the $0.5120 level. The price is now trading below $0.5050…
Leading Trader Criticizes Worldcoin’s ‘Predatory’ Tokenomics, Labels WLD a Fake $60B AI Coin
More than one million new tokens have been launched since April
Nearly half of the one million new tokens launched since April 1 have been memecoins created on the Solana network.
Moonpay Donates $1 Million to Stand With Crypto
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the…
Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish
Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the…
Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty
Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100…
Openai Co-Founder Ilya Sutskever Steps Down, Jakub Pachocki Named New Chief Scientist
Vanguard names Bitcoin-friendly former BlackRock exec as new CEO
Salim Ramji spoke highly of Bitcoin and blockchain technology when overseeing BlackRock’s spot Bitcoin ETF filing.
Degens pumped GameStop memecoins because they're ‘bored’ — Traders
Crypto investors have flocked to unofficial GameStop memecoins because they're jumping on any “sign of hope they can,” say traders.
Layer-3 network Degen Chain hasn’t produced a block in 53 hours
Degen Chain says it’s working to resolve an issue that has seen its network stop producing blocks for more than two days.
Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion
Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is…
Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness
OpenAI co-founder and chief scientist departs AI firm
Illya Sutskever said he’s leaving OpenAI for a “personally meaningful” project with research director Jakub Pachocki now moving into the role of chief scientist.
Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round
Billionaire Peter Thiel’s Founders Fund recently led the Series B funding round for the crypto-based prediction markets platform, Polymarket, which raised $45 million. The latest round valued Polymarket lower than the $1 billion it had anticipated…
Cypher core contributor admits to stealing $260K and gambling it away
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”
Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals
From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin ETFs GBTC and IBIT
According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and…
Bitcoin will stay in $55K to $75K zone for now: Novogratz
Mike Novogratz says crypto is in a “consolidation phase” and predicts that prices will bounce higher at the end of the current quarter.
UK closes ‘trust me bro’ crypto firm that gave horrible advice to clients
It comes just two weeks after the Insolvency Service secured a winding-up order against Amey’s firm in the United Kingdom High Court on April 30.
Here’s why US debt is out of control — and Japanese debt isn’t
Japanese debt might be high, but it isn't comparable to American debt, which is set to trigger a financial implosion — and light a spark under Bitcoin.
Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges
On May 13, the Commodity Futures Trading Commission announced it had fined crypto brokerage firm Falcon Labs Ltd. approximately $1.7 million. The fines are penalties for the firm’s illegal facilitation of U.S. residents’ access to digital asset…
XRP Set For Major Upswing: Top Analyst Reveals Timing For $10-$20 Price Milestone
XRP, the cryptocurrency associated with Ripple, has been locked in a lengthy period of consolidation, trading between $0.300 and $0.600 for the past seven years. Despite a brief surge during the 2021 bull run that saw XRP reach a three-year high…
Dogecoin Derivatives Volume Jumps 111% As Open Interest Spikes, But What About Price?
A number of Dogecoin metrics have turned bullish in the last few days, showing increased interest from investors. This ranges from the meme coin’s daily derivatives trading volumes to its open interest seeing a significant increase. However, in the…
Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form
The popularity of new blockchain “restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in…
Andrew Tate Pours $6M Into Gamestop as Meme Stock Craze Continues to Shock Wall Street
The frenzy surrounding GME and AMC remains ongoing, with both stocks experiencing increases of 200% and 150%, respectively, over the past five days. In the midst of this excitement, CNBC’s Mad Money host Jim Cramer suggested that the companies…
Bitcoin, Ethereum, And Solana: Galaxy Digital CEO Predicts Next Market Movements
Mike Novogratz, the CEO and founder of Galaxy Digital, shared his insights on the current state of the cryptocurrency market. According to Bloomberg, Novogratz predicts that Bitcoin (BTC) will likely remain within a relatively narrow trading range…
Irthu Suresh: Using Blockchain Tech to Reduce Water Shortages
The founder of the Atlantis water exchange is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.