Republican candidate Vivek Rameswamy is rightly furious over dropped campaign finance charges. But the charges are likely to return after a procedural adjustment – and claims of corruption do more harm than good. Source bailedBankmanFriedDemocratsSam CryptoX Portal
Bankman-Fried is currently set to go on trial on Oct. 2 on seven different charges, including conspiracy to commit wire fraud and wire fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. He is then set to go on trial again in March of next year on another five charges, including conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transmitter and conspiracy to bribe foreign government officials. Source
A Stanford MBA has explained why the current Bitcoin cycle was different from the others, and why the next one could end up being bigger. This Bitcoin Cycle Faced Obstacles That May Not Be There Next Time A “cycle” for Bitcoin refers to the period between two consecutive halvings. The halvings, events where the rewards miners receive for solving blocks on the network are permanently slashed in half, are chosen as the start and end points for the cycles due to the immense significance they hold for the cryptocurrency. The…
Aliens Exist. And They Use Cryptocurrency Source
“Thinking about this from a capability standpoint, the compute cowboys are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy,” Powell said. For many in the oil and gas industry, like Powell, whose family is also in the business, the mid-century energy explorers have risen to semi-mythological status. They’re a bit like the gauchos of the South American pampas, only that the wildcatters’ business built the modern world, Powell said. Original
It would appear that Bitcoin whales are shifting their BTC into exchanges at an alarming rate, which is a warning that they may be getting ready to liquidate their holdings. Recent on-chain data shows that Bitcoin whale exchange deposits reached $275 million in a single day as the cryptocurrency continues to struggle to cross over $30,000. Bitcoin Whales Moving Funds to Exchanges Tweets from the whale transaction tracker @whale_alert indicate that a total of 9,406 Bitcoins, with an approximate worth of $275 million, have been moved into exchanges through separate…
Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat. The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it began as a social networking platform but quickly became the go-to app for everything in China, from shopping to filing for divorce with one click. Musk believes that, if executed correctly, X could capture “half…
“Despite bitcoin’s fall below $30,000, there is a conspicuous lack of $30,000 call [option] selling from bearish traders,” Lyn said. “This suggests they don’t foresee the $30,000 level transforming into significant resistance, at least in the near term.” Original
Bitcoin continues to trade sideways during today’s trading session, holding the line draw for the past few weeks. Recent data shows that the cryptocurrency has been recording “crab-like” price action in the short term, but operators favor the long side of their trades. As of this writing, Bitcoin trades at $29,700 with a 0.7% loss in the last 24 hours and a 2% loss in the previous week. The cryptocurrency’s implied volatility has been trending to the downside while BTC’s price holds still at its current levels. BTC’s price trends…
Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘“SBF,” have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison. In a July 27 filing in the United States District Court for the Southern District of New York, Bankman-Fried’s legal team said it had provided the court and Department of Justice with documents the former FTX CEO had shown a reporter that led to details in Ellison’s private journals being published. The lawyers requested Judge…