Category: Latest News in cryptocurrency world

SUMMARY Binance founder and former CEO Changpeng Zhao, known as “CZ,” is scheduled to appear for sentencing in a federal court in Seattle on April 30, 2024. This sentencing follows the guilty plea entered by Zhao and his company last year for breaching federal money laundering laws and sanctions. According to recommendations from Justice Department…

In a significant legal development, Judge Richard Jones has decisively rebuffed the Department of Justice’s earnest plea to prolong the prison sentence of Changpeng Zhao, the erstwhile CEO of Binance. Zhao, who had initially been sentenced to 18 months behind bars, found himself at the center of a legal maelstrom as the DOJ aggressively sought…

IN BRIEF Alliance Resource Partners (ARLP) holds the title of being the largest coal producer in Eastern U.S. Since 2020, the company has successfully mined 450 Bitcoin. ARLP foresees a surge in profitability following the halving event. During Alliance Resource Partners (ARLP)’s Q1 2024 Earnings Call, Joe Craft, the Chief Executive Officer, and Cary Marshall,…

On April 30, PeckShieldAlert, a well-known blockchain investigator, made a significant discovery. An address linked to the infamous Poloniex hacker executed a transfer of 501 BTC, equivalent to approximately $32 million, to three distinct wallet addresses. This transaction is raising eyebrows in the cryptocurrency community, as it suggests a concerted effort to obfuscate the origins…

overview   Former Binance CEO To faces three years in prison, influencing crypto industry.     US prosecutors push for prison term and $50 million fine for Zhao.     Zhao’s fortune tied to Binance poised for growth amid industry resurgence. The cryptocurrency community is on edge as it anticipates a pivotal event: the sentencing hearing of former Binance CEO…

Story Highlights Crypto investors are looking for profits after Bitcoin’s price stagnated following the halving.     Big investors (whales) are moving their money from Bitcoin to altcoins like Cardano, Toncoin, and Arbitrum.     Whales’ interest in these altcoins suggests they believe these coins have room to grow despite recent market dips. In the wake of the recent…

Legal representatives for Terraform Labs and its founder, Do Kwon, are advocating for a significantly reduced fine of $1 million, contesting the United States Securities and Exchange Commission (SEC)’s proposed penalty of $5.3 billion. This development follows the SEC’s findings of liability against the crypto company and its founder for fraud associated with the Terra-Luna…

Summary Bitcoin is stuck below $67,000, raising concerns for the entire crypto market.     Crypto Banter analysis predicts a 30-50% dip for many altcoins, mentioning specific coins and their potential downside.     Investors should be prepared for volatile times and potential buying opportunities during the correction. In the vast and ever-evolving landscape of cryptocurrency, Bitcoin stands as…

Today, Ripple’s XRPL-based enterprise solutions unveiled a strategic partnership poised to make a substantial impact on Japan. This partnership follows a strategic collaboration with HashKey DX, a consulting firm based in Tokyo. The primary objective of this collaboration is to introduce innovative blockchain-powered supply chain finance solutions to the Japanese market, harnessing the robust capabilities…

Story Highlights The total market value is shrinking due to trader confusion, with Bitcoin and Ethereum prices dropping.     Investors are moving away from riskier altcoins to stablecoins and Bitcoin due to increased volatility.     Upcoming events like the Fed’s interest rate decision and CZ’s sentencing could cause further market swings Cryptocurrency enthusiasts find themselves on a…