On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge Lewis Kaplan said, ” I know the Probation Department […] Source: https://news.bitcoin.com/former-ftx-boss-sam-bankman-fried-sentenced-to-25-years-in-prison/
Sam Bankman-Fried, the co-founder and former CEO of the cryptocurrency exchange FTX, was sentenced on Monday to 25 years in prison. The hearing puts an end to a months-long sentencing process that began shortly after the Department of Justice successfully argued in court that the one-time crypto wunderkind had used FTX as his personal piggy bank. Bankman-Fried siphoned more than…
The leading meme token by market value, dogecoin, experienced an 18% increase on Thursday, climbing to $0.22 per coin for its first ascent to this level since 2021. The ‘Dog Father’ Reigns: Dogecoin Soars 43.3% in 7 Days Against the U.S. Dollar The proclaimed ‘Dog Father’ of meme coins, dogecoin (DOGE), has shown a substantial […] Source: https://news.bitcoin.com/dogecoin-leaps-in-value-reaches-first-0-22-peak-since-2021/
One of the most active and fastest-growing communities in the Farcaster ecosystem is getting its own layer-3 blockchain. The Degen chain was announced today by pseudonymous founder Jacek and infrastructure provider Syndicate, debuting with its native gas token DEGEN, touted as “one of the first community tokens with its own L3.” The Degen movement launched in January with a channel…
Lugano, Switzerland, March 27th, 2024, Chainwire 7 Digital Labs, the Swiss gaming studio that owns and produces BloodLoop, announced today that it has raised $4 million in seed funding. The company, which has been in the industry for over three years, is producing a free-to-play hero shooter integrated into the web3 gaming world. BloodLoop – the company’s first product –…
Austin, United States, March 28th, 2024, Chainwire Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at…
The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the […] Source: https://news.bitcoin.com/prisma-finance-suffers-11-6m-hack-in-liquid-staking-shockwave-moves-to-mitigate-fallout/
Approximately $15 billion worth of Bitcoin open interest contracts expire tomorrow—the last monthly expiry ahead of the next BTC halving—across derivatives exchanges CME, Derebit, OKX, Binance and Bybit, according to CoinGlass. For Derebit, this March 29 expiry accounts for roughly 40% the $26.3 billion worth of total Bitcoin open interest on the platform—”one of the biggest in Derebit’s history,” the…
The Bitcoin Cash network stands on the brink of its forthcoming halving event, set to take place a week from now. This milestone will see mining rewards on the network notably reduced from their current levels. Currently, Bitcoin Cash ranks as the 15th largest by market capitalization among over 10,000 cryptocurrencies, having risen 91% against […] Source: https://news.bitcoin.com/bitcoin-cash-rallies-ahead-of-upcoming-halving-and-upgrade/
Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the negotiations. Negotiations Between Bitdeer and Lenders Continue The cryptocurrency mining firm Bitdeer Technologies Group is reportedly seeking […] Source: https://news.bitcoin.com/bitcoin-miner-bitdeer-seeks-100-million-for-mining-capacity-expansion/
