Day: March 28, 2023

American Rapper Jay-Z’s Net Worth Now Estimated to Be $2.5B

While Jay-Z is known as a music icon, his wealth accumulation can be attributed to his wide-ranging investment in different companies. American rapper and founder of Roc Nation music label, Jay-Z has seen a dramatic rise in his net worth over the past year according to Forbes. Per the figures released, Jay-Z is now worth as much as $2.5 billion in what comes as a prophecy come true for the 53-year-old rapper. Jay Z was not one of the founders of rap music in the United States, but he certainly…

Sam Bankman-Fried charged with bribing Chinese officials: Court docs

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FTX cryptocurrency exchange founder and former CEO Sam Bankman-Fried, or “SBF,” is facing a new 13-count indictment from authorities in the United States. According to a court filing by United States attorney Damian Williams, one of the new SBF’s charges includes an alleged $40million bribe to a Chinese government official in a new superseding indictment. In section 105 of the filing, the complaint claims that SBF and other related parties “directed and caused the transfer of at least approximately $40 million in cryptocurrency intended for the benefit of one or…

Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery

According to the superseding indictment shared Wednesday, Bankman-Fried is accused of attempting to bribe a Chinese government official. “The S5 Indictment, which was unsealed this morning, includes the twelve counts contained in the S3 Superseding Indictment, as well an additional count for conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (‘FCPA’), in violation of 18 U.S.C. § 371,” a letter to the judge overseeing the case read. Source

Swiss Non-Profit ZeroSync Association Brings zk-Proofs to Bitcoin

Popular on the Ethereum blockchain, zk-proofs are also coming to the Bitcoin network. ZeroSync Association is bringing zk-proofs (Zero Knowledge) to Bitcoin (BTC) even as cryptographic techniques become popular on the Ethereum blockchain. Reports state that ZeroSync, a Swiss non-profit association, received sponsorship from crypto investment platforms Geometry Research and StarkWare Industries. The newly-formed association already has a working prototype, allowing users to validate the Bitcoin blockchain’s state and transaction history. ZeroSync’s prototype achieves this without downloading the entire chain or trusting a third party. The ZeroSync Bitcoin zk-proofs prototype can verify…

Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold Shows – Bitcoin News

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Ticketmaster, the global provider of event ticketing services, has launched “token-gated sales,” allowing fans access to concert tickets using non-fungible token (NFT) technology. The first to use the service is the metal band Avenged Sevenfold (A7X), whose “Deathbats Club” NFT collection gave owners early access to the group’s shows in Los Angeles and New York City. Following the ticket sales, Ticketmaster announced that it had built and launched a token-gated service for the upcoming A7X shows. Ticketmaster’s New Token-Gated Sales Service Allows for NFT Access to Concert Tickets On March…

Helping female crypto founders blast off – Cointelegraph Magazine

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Bridget Greenwood is the founder of The Bigger Pie, a U.K.-based networking organization that supports women in blockchain globally. She says that even venture capitalists with the best intentions still end up funding male founders at disproportionate rates. “I stumbled over the appalling statistic that of all VC funding [in the U.K.], only 3% goes to female founders, 8% goes to mixed teams, and the rest goes to all-male teams,” she explains to Magazine. “And that initial figure has gone down to 1.5% over the pandemic.” “In more difficult times,…

Keeping the faith in crypto amid TradFi crisis: Paris Blockchain Week 2023

Paris Blockchain Week 2023 (PBW) was buzzing with talk of innovation in blockchain technology and the future of the Web3 industry. However, the conference occurred amid a major banking crisis in the United States, which shuttered crypto-friendly Silicon Valley Bank (SBV) and continues to affect many others worldwide. While it was not the central theme of PBW; for many, it was a moment to emphasize the utility of decentralized finance (DeFi) when traditional finance fails.  Cointelegraph reporter Joe Hall was on the ground in Paris catching up with some of the leaders…

Adoption and nerves — Crypto pumps amid banking crisis

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On March 19, the United States Federal Reserve announced that it had entered a joint program with several major central banks — including the European Central Bank, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank — to support U.S. dollar cash flow and alleviate strains in global funding markets.  Moreover, Fed Chair Jerome Powell said swap lines — agreements between two or more central banks to maintain a crucial liquidity backstop and ease strains in global funding markets — will remain…