A U.S. citizen, Gambaryan has been in detention in Nigeria for more than two months. He was invited by the nation’s authorities to resolve a dispute that government has with Binance. Instead, after a meeting with government officials, he and another Binance executive, Nadeem Anjarwalla, were taken by law enforcement officials. Anjarwalla later escaped but is included in the money laundering charges. Source
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York after pleading guilty to criminal charges, including engaging in an unlawful political influence campaign and operating an unlicensed money transmitting business. Salame, who once […] Source CryptoX Portal
On-chain data shows that the Ethereum exchange netflow recently spiked significantly, a sign that could be bearish for the cryptocurrency’s price. Ethereum Exchange Netflow Registered A Large Positive Spike Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend that has been occurring in the exchange netflow metric for Ethereum. The “exchange netflow” here refers to an on-chain indicator that tracks the net amount of any given cryptocurrency entering into or exiting the wallets associated with centralized exchanges. Related Reading When this…
Andreas Brekken, founder of SideShift.ai, recently shared his insights on the emerging Runes Protocol and its implications for the Bitcoin ecosystem. Crypto.news received exclusive comments via email on Brekken’s views about the Runes Protocol, which gained hype and popularity during the recent Bitcoin Halving. The Runes Protocol, which utilizes the Bitcoin UTXO model without adding a secondary fee token, offers a streamlined approach to token standards that could improve transaction efficiency and lower costs. “The Runes standard improves on previous models by sticking to Bitcoin’s UTXO model and not adding…
This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having fallen below the 1% range, the premium on South Korean exchanges has now climbed to 2.23%. Bitcoin Premium in South Korea Grows Bitcoin (BTC) saw […] Original
PRESS RELEASE. Road Town, BVI, May 28, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Artdollar (AD) on May 28, 2024. Users of LBank Exchange can brace themselves for the AD/USDT trading pair, which went live already. […] Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The WienerAI (WAI) presale has recently surpassed the $3 million total raised mark as interest in its novel use case ramp-ups. But for those familiar with crypto’s current market dynamics, the project’s unwavering support will be no surprise. Let’s take a look at why this AI meme coin project is in such high demand. Meme coin meets AI trading bot – the ultimate crypto narrative of 2024 The essence…
Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 million, inclusive of fees and expenses. The stock soared 30% Tuesday, while bitcoin traded lower by about 2%, according to Coin Metrics. Semler, which has a market capitalization of about $210 million, is down more…
“Ryan Salame agreed to advance the interests of FTX, Alameda Research, and his co-conspirators through an unlawful political influence campaign and through an unlicensed money transmitting business, which helped FTX grow faster and larger by operating outside of the law,” U.S. Attorney Damian Williams said in a statement. “Salame’s involvement in two serious federal crimes undermined public trust in American elections and the integrity of the financial system. Today’s sentence underscores the substantial consequences for such offenses.” Source
Interested in knowing what is SegWit? Read our in-depth explanation of the technology, its origins, and its uses in the Bitcoin (BTC) network. Staying current with technical innovations in crypto is crucial for anyone involved, whether you’re a miner, trader, or enthusiast. Although a few years old, one noteworthy innovation worth knowing about is segregated witness, commonly known as SegWit. In this article, we will help answer the question, “What is SegWit?” We will break down the technology, explain how it works, and what are its benefits as well as…