News - Page 1094

A Tumultuous Ride: Why Pi Network’s Price Is Plummeting and What It Means for Investors

Pi Network’s value has plummeted by 18% in 48 hours, sparking investor concern. Technical indicators like the Relative Strength Index (RSI) show a strong bearish trend, suggesting possible further declines. Bollinger Bands indicate potential upcoming volatility with their current constriction pattern. Pi

2025-04-17

Cryptocurrency·Financial·News

Former FTX Executive Receives Prison Sentence Amid Major Fraud Scandal

In a notable case linked to the collapse of the cryptocurrency exchange FTX, Caroline Ellison, a former executive of the company, has been sentenced to two years in prison. This decision follows her acknowledgment of the significant harm caused by a fraudulent

2024-09-25

Bitcoin·Cryptocurrency·Financial·News

Global Monetary Trends Propel Bitcoin Towards New Heights

As central banks worldwide adopt more lenient monetary policies, bitcoin is gaining momentum, inching closer to surpassing the $65,000 mark for the first time since early August. Analysts suggest that breaking through this threshold is crucial for signaling a significant upward trend

2024-09-24

Cryptocurrency·Financial·News

Sentencing for Key Figure in FTX Fraud Case

In a significant development in the aftermath of the FTX scandal, Caroline Ellison, once a prominent adviser to Sam Bankman-Fried, has been sentenced to two years in prison. This sentence stems from her involvement in a fraudulent scheme that resulted in the

2024-09-24

Cryptocurrency·Financial·News

Caroline Ellison Receives Two-Year Sentence in FTX Collapse

Caroline Ellison has been sentenced to two years behind bars for her involvement in the disastrous collapse of the cryptocurrency platform FTX. Known as one of the largest financial scandals in United States history, this case centers around Ellison, a former high-ranking

2024-09-24

Artificial intelligence·Cryptocurrency·NEAR Protocol·News

Arweave’s Remarkable Surge amid AI Altcoin Revival

Arweave (AR) has captured market attention with its impressive price increase, reflecting a broader trend among AI-centric cryptocurrencies. Over the past day, the price of AR surged by more than 17%, with trading volume skyrocketing by an extraordinary 134%, based on data

2024-09-24

Cryptocurrency·Financial·News

Caroline Ellison Receives Two-Year Sentence for Fraud Involvement

In a recent court ruling, Caroline Ellison, who previously held the position of CEO at Alameda Research, was sentenced to two years in prison. This followed her extensive cooperation with the authorities regarding fraudulent activities that led to significant financial losses for

2024-09-24

Bitcoin·Cryptocurrency·Financial·News

Two Individuals Charged in Massive Crypto Heist

In a startling development, Malone Lam, aged 20, and Jeandiel Serrano, aged 21, face serious allegations related to the theft of more than $230 million in cryptocurrency. The duo reportedly indulged in a lifestyle marked by luxury, including extravagant travel, high-end vehicles,

2024-09-24

Asset Management·Bitcoin·Cryptocurrency·Financial·News

Congress Targets SEC Over Cryptocurrency Regulations

On Tuesday, legislators from both the Democratic and Republican parties scrutinized the U.S. Securities and Exchange Commission (SEC) regarding its regulatory stance on cryptocurrencies. They expressed concerns that the SEC is obstructing the growth of the cryptocurrency sector. This confrontation comes as

2024-09-24

Bank·Bitcoin·Cryptocurrency·Financial·News

Bitcoin’s Price Dynamics in the Wake of Rate Cuts

Bitcoin [BTC] experienced a significant upward movement, spiking past the $64,000 mark, following a recent interest rate reduction by the U.S. Federal Reserve. However, as of the latest updates, the cryptocurrency settled at $63,786, reflecting a minor decline but still showcasing a

2024-09-24

BNB·Cryptocurrency·Financial·News

Binance Coin Surges Past $600: Market Anticipates Further Gains

The cryptocurrency landscape is witnessing a significant moment as Binance Coin (BNB) surpasses the $600 mark, capturing the interest of traders eyeing a potential upward movement towards $620. The current market dynamics raise questions about whether BNB can sustain this momentum or

2024-09-24