Sam Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations. Source
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
Day: February 21, 2024
Do Kwon’s Fate Sealed — Montenegro High Court Opts for US Extradition in Legal Tug-of-War
In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after extensive deliberations on the legal and political implications of the extradition. Report Details Do Kwon’s U.S. Extradition […] Source CryptoX Portal
Is Altcoin Season Upon Us? Here’s What Bitcoin’s Performance Shows
There is reason to believe that the altcoin season is imminent based on Bitcoin’s recent price action. Altcoin season is known to be a period when other crypto tokens begin to outperform the flagship crypto token. Bitcoin To Cool Off For Altcoin Season Crypto analyst Rekt Capital stated in an X (formerly Twitter) post that Bitcoin has only one last Pre-Halving retrace before it goes on a parabolic move post-halving. Crypto analyst Sjuul also highlighted in an X post how the funding rate is “mildly high” for Bitcoin at the…
Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend
On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday, though both cryptocurrencies traded significantly lower […] Source CryptoX Portal
Bitcoin to hit $150k in 2024
Fundstrat co-founder Thomas J. Lee predicted a 2024 high of $150,000 for Bitcoin due to demand, supply dynamics, and spot ETFs. During a CNBC interview, Lee opined that Bitcoin (BTC) could triple its current market price this year. BTC exchanged hands around $51,000 on Feb. 21 per CoinMarketCap. Bitcoin might also double in price from its all-time high of $69,000 if Lee’s assertion is proven true. Lee is a financial veteran with prior top-ranking roles at America’s largest bank, JPMorgan Chase, and investment banking behemoth Salomon Smith Barney. He has…
Polygon Labs, StarkWare Unveil New ZK Proof Collaboration, Just Days After STRK Airdrop
“This really is coming to play in Plonky3, which is our new proving system,” Brendan Farmer, co-founder of Polygon, said in an interview with CoinDesk. “It’s really, really simple. This just leads to much faster proofs. We expect like seven-to-10x improvement.” Source
The Protocol: Restaking Tokens Are Exploding, and Restaking Isn't Even Live
In this week’s issue of our weekly blockchain tech newsletter, Sam Kessler explores how “liquid restaking tokens” or LRTs are remaking decentralized finance. PLUS: Starknet’s STRK airdrop, Stellar’s smart-contract facelift and bitcoin’s supply crunch. Source
Deploys v2 Protocol On Six New Chains Including Arbitrum And Polygon
Uniswap (UNI), one of the largest decentralized cryptocurrency exchanges (DEX) by trading volume, has made an important announcement regarding deploying its v2 protocol on six additional chains. The chains on which the v2 protocol has been deployed include Arbitrum (ARB), Polygon (MATIC), Optimism (OP), Base, Binance Smart Chain (BSC), and Avalanche (AVAX). Uniswap Widens v2 Protocol Deployment According to a recent post on X (formerly Twitter) by Uniswap Labs, the software product developer working on the protocol, the decision to deploy the v2 protocol on more chains is primarily driven…
$3.1M Raised in Under 6 Days – Blockchain News, Opinion, TV and Jobs
London, United Kingdom, February 21st, 2024, Chainwire Bitcoin Dogs has now raised a total of $3.1M in the first 6 days of its historic presale. The project’s BRC-20 token, 0DOG, is the first-ever ICO on the Bitcoin blockchain. Bitcoin Dogs leverages the recent Ordinals protocol to break new ground in the Bitcoin ecosystem and the team plans to launch a 10k-strong NFT collection later this year. The opportunity to be part of history has been a key selling point for the brand, fuelled no doubt by the token price increasing…
South Korean parties pledge pro-crypto policies favoring ETFs, tax delays
Leading up to South Korea’s general election in April, both the governing and opposition parties are courting voters with pro-crypto policies. South Korea, known for its high-volume crypto trading scene, could see these electoral pledges positively influence the global cryptocurrency market. According to various local sources, the governing People Power Party has outlined a commitment to explore the feasibility of spot Bitcoin ETFs. The party has announced plans to create a digital asset advancement committee tasked with recommending legislation and enforcement measures and has expressed a desire to prioritize establishing…