Sam Bankman-Fried is trying to overturn a court decision that found him guilty of stealing vast sums of money from FTX’s past customers, resulting in a 25-year prison sentence. In November, Bankman-Fried was found guilty of committing fraud and conspiring on seven charges in an enormous financial scam that is known as one of the … Read more
The price of Bitcoin (BTC) hovers around $70,670, remaining relatively stable, as funds transfer out of the Grayscale Bitcoin Trust (GBTC) at an ongoing pace. Approximately $124.9 million was withdrawn from GBTC this week, whereas FBTC received about $4.6 million and BITB gained $11.1 million. In contrast, IBIT from BlackRock recorded an inflow of approximately … Read more
Solana’s blockchain is experiencing heavy traffic, causing transactions to process more slowly and increasing the likelihood of dropped transactions. This negatively impacts user experience. In response, Anza, the creator of one of Solana’s Agave validator client, has introduced potential solutions to this issue in version 1.18.11 of their devnet (development network). Solana testnet validators: The … Read more
Mike Schmidt, a co-founder of Bitcoin non-profit Brink, announced that the FBI in the United States had demanded the private details of individuals who attended a 2022 gathering of Bitcoin core developers through a subpoena. According to reports, an FBI subpoena has been issued allegedly relating to a hack resulting in the loss of 216 … Read more
Elon Musk’s tech company xAI, led by tech magnate Elon Musk, is planning to secure up to $4 billion for its AI chatbot Grok through the use of Special Purpose Vehicles (SPVs). This financing approach enables various investors to join in collectively via a single entity, as reported by Business Insider. Using this method, you … Read more