Macro guru Raoul Pal is predicting a significant price increase for Solana (SOL) in the next bull run, rivaling Ethereum (ETH). In a recent interview on the Crypto Banter YouTube channel, the former Goldman Sachs executive shared his belief that Solana could surge by 1,097% to 2,294% from its current levels during the next market …
The Israel-Hamas conflict is set to escalate further, despite the already devastating loss of more than 2,100 lives on both sides. Israeli police have taken a significant step in response to Hamas’ recent violent attacks by freezing the cryptocurrency accounts used by the terror group. In a statement, Israeli police revealed that Hamas had …
FTX founder Sam Bankman-Fried made a jaw-dropping deal with legendary quarterback Tom Brady to promote his crypto exchange, as revealed in the book “Going Infinite” by Michael Lewis. The author, who had access to internal documents, shared this fascinating detail on Sunday’s episode of “60 Minutes.” According to Lewis, “He paid Tom Brady $55 million …
Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led. The 31-year-old former billionaire has pleaded not guilty. Below is an explanation of the seven charges he faces. Prosecutors say Bankman-Fried embezzled customer money to plug …
Grayscale Investments achieved a significant victory in court against the Securities and Exchange Commission (SEC) on Tuesday, resulting in a surge in cryptocurrency prices. This development has brought attention to the possibility of the first-ever cryptocurrency-based exchange traded fund (ETF). If Grayscale’s Bitcoin ETF is approved, it will signify a groundbreaking moment as it would …
The Biden administration has proposed new rules that would require cryptocurrency brokers to report information on digital asset sales and exchanges to the Internal Revenue Service (IRS) and taxpayers. The aim of these rules is to crack down on crypto tax evasion and simplify filing for taxpayers. The Treasury Department stated that this is part …
PayPal Pauses UK Crypto Sales Until 2024 Amid Regulatory Changes Leading fintech company, PayPal, has announced a temporary pause on cryptocurrency sales in the UK, starting from October 8th, 2024. By Daniel Fessahaye Published: 13:49 BST, 17 August 2023 | Updated: 18:06 BST, 17 August 2023 PayPal has decided to temporarily halt all cryptocurrency sales …
A cryptocurrency entrepreneur, Richard Heart, who is also known as Richard Schueler, allegedly used proceeds from a $1 billion crypto fraud to purchase the world’s largest black diamond for over $4 million. Heart is the founder of Hex and marketed the ethereum-based Hex token as the first blockchain certificate of deposit. He promised higher …
Sam Altman, the pioneering mind behind the AI software ChatGPT, has unveiled his latest venture: Worldcoin. Launched in 2020, this ambitious project aims to establish a network that combines identity and finance, owned and accessible by all. To achieve this, Worldcoin plans to collect biometric data, including facial and iris recognition, as a means of …
FTX Trading has filed a lawsuit against its founder, Sam Bankman-Fried, and other former executives of the cryptocurrency exchange. The company is seeking to recover over US$1 billion that was allegedly misappropriated before FTX went bankrupt. The complaint, which was filed in Delaware bankruptcy court, also names Caroline Ellison, the former leader of Bankman-Fried’s Alameda …