Dfinity Foundation Launches Onchain Accelerator Platform
News

Dfinity Foundation Launches Onchain Accelerator Platform

The Swiss-based not-for-profit organization the Dfinity Foundation has launched “a decentralized, onchain global acceleration platform.” The new accelerator will initially be funded by a $15 million grant from Dfinity and the ICP Asia Alliance. Fostering the Development of the Asian Web3 and AI Ecosystem The Dfinity Foundation, a not-for-profit organization and key contributor to the […] Source: https://news.bitcoin.com/dfinity-foundation-launches-onchain-accelerator-platform/

Judge Rejects Sam Bankman-Fried's Bid to Dismiss Criminal Charges Over FTX, Confirms Trial
News

FTX Founder Sam Bankman-Fried Appeals 25-Year Jail Sentence

Disgraced FTX founder and convicted fraudster Sam Bankman-Fried has appealed his federal conviction and jail sentence, per a notice of appeal filed in the Southern District of New York (SDNY) court. Bankman-Fried’s appeal comes after he was sentenced to 25 years in prison by U.S. District Court Judge Lewis Kaplan. The FTX founder was also ordered to repay $11 billion…

Continue Reading

Yala Unveils Vision to Revolutionize DeFi With Bitcoin
News

Yala Unveils Vision to Revolutionize DeFi With Bitcoin

PRESS RELEASE. [Singapore, April 12th 2024] Yala, a liquidity and stablecoin protocol, is excited to unveil its new vision for the future “to create a thriving, open ecosystem that unlocks the full potential of DeFi on Bitcoin”. This ambition reflects Yala’s dedication to catalyzing mass adoption of decentralized finance on the world’s most resilient blockchain, […] Source: https://news.bitcoin.com/yala-unveils-vision-to-revolutionize-defi-with-bitcoin/

A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks
News

A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks

Approximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts for nearly half of their wealth. Boomers Least Interested in NFTs According to […] Source: https://news.bitcoin.com/a-fifth-of-gen-z-millennials-own-crypto-over-60-have-tried-at-least-one-of-six-financial-hacks/

Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
News

Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved

The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami, the former Economy Minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez were […] Source: https://news.bitcoin.com/venezuelan-probe-unveils-crypto-money-laundering-scheme-linked-to-oil-sale-embezzlement-kraken-involved/

Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million
News

Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market spot prices. Costco Might Be Selling $200 Million in Gold Every […] Source: https://news.bitcoin.com/costco-gold-business-booming-estimations-put-monthly-sales-close-to-200-million/

Sam Bankman-Fried Files Notice of Appeal, Challenges Conviction and Sentence
News

Sam Bankman-Fried Files Notice of Appeal, Challenges Conviction and Sentence

Former FTX CEO Sam Bankman-Fried formally lodged an appeal against both his conviction and sentence with the District Court for the Southern District of New York (SDNY) on Thursday. Bankman-Fried’s legal representatives had anticipated this move, having previously requested that he remain at New York’s Metropolitan Detention Center (MDC) to facilitate the appeals process. From […] Source: https://news.bitcoin.com/sam-bankman-fried-files-notice-of-appeal-challenges-conviction-and-sentence/