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Avraham Eisenberg Found Guilty by New York Jury in $110 Million Cryptocurrency Market Manipulation Trial
A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities…
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CEO Outlines Roadmap for Ripple in the Next Three Years
TL;DR Ripple CEO Brad Garlinghouse emphasized the company’s commitment to global expansion despite regulatory challenges in the US. The firm’s progress may be fueled by a positive outcome of the trial against the United States Securities and Exchange Commission. Ripple’s Roadmap Brad Garlinghouse – Chief Executive Officer of Ripple – recently unveiled the company’s strategy…
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Bitcoin Traders Decrease Risks Before Halving: CryptoQuant
Bitcoin’s drop to $61,000 during the weekend was a result of traders reducing their exposure to the digital asset ahead of the halving scheduled for April 20, as per the latest CryptoQuant weekly report. Analysts noted that traders closed their long positions to lock in profits, leading to a dominance of sell orders over buy…
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Details of the Important Upgrade on Shibarium Announced by the Shiba Inu Team
TL;DR Shibarium, Shiba Inu’s layer-2 scaling solution, released a new update to improve user experience and platform speed. Since its launch, the network has achieved notable milestones, including over 400 million transactions and a recent surge in daily transactions, which may positively impact SHIB’s price. Shibarium Keeps Progressing The team behind Shiba Inu’s layer-2 scaling…
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Bitwise CIO Explains Why Pricing in The Halving is Impossible
With the Bitcoin (BTC) halving only hours away, analysts are at odds over whether the one-in-four-years event is already “priced in” to the crypto market. According to Bitwise CIO Matt Hougan, the answer is yes – but it comes with some important nuance. The Bitcoin Halving And Efficient Markets In a Twitter thread posted on…
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Appeal Delay Slows Down Binance Executive’s Legal Battle in Nigeria
Binance executive Tigran Gambaryan continues to face a legal battle with Nigeria’s Economic and Financial Crimes Commission (EFCC), with his bail application hearing being postponed once again. The Federal High Court in Abuja adjourned the case after the EFCC’s lawyer requested more time to respond to new issues raised by Gambaryan’s defense team. Gambaryan’s Appeal…
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Yuga Labs, Creator of BAYC, Sells 2 NFT Games to a Distant Location
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced the sale of the intellectual property rights for two of its games. This move is part of Yuga Labs’ previously declared commitment to refocus its organizational efforts. Yuga Labs Hands Over Gaming IPs to Faraway In an April 17 announcement on…
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Details on the Completion of Bitcoin’s Fourth Halving
Bitcoin’s fourth halving, a highly anticipated event occurring every four years in the cryptocurrency realm, has finally occurred. This event, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC, marks a crucial moment in the industry. As a result, the daily issuance of Bitcoin has been slashed in half, now standing at around…