Author: News Room

On Thursday, Sam Bankman-Fried and his family will finally hear the words they’ve been anticipating for months now: the decision of a Manhattan judge, as to how many years the disgraced FTX founder will spend in prison for his October conviction on seven criminal fraud and conspiracy charges. Also nervously awaiting the ruling: scores of degens who have gambled hundreds of thousands of dollars on the length of Bankman-Fried’s sentence. On crypto gambling site Polymarket, users have already collectively bet some $657,000—and counting—on the outcome. Betting options include ranges like less than 5 years, 5-to-10 years, 10-to-20 years, 20-to-30 years,…

A multi-billion dollar bitcoin laundering case has reportedly revealed how estate agents in Dubai attempted to launder funds via the sale of Scottish land in a ‘starkly fraudulent’ scheme. Former takeaway worker Jian Wen was convicted last week of laundering billions of dollars worth of bitcoin on behalf of fugitive Chinese fraudster, Zhimin Qian. As reported by the Financial Times, during her prosecution, messages between Wen and Dubai-based estate agent Michael James Burke revealed a possible property deal in Scotland that would supposedly offer ‘a 100% return on paper.’ Burke told Wen that he has “played with the valuation and…

Paradigm-backed NFT card game Parallel has secured $35 million from a group of investors to expand the universe across new platforms. Parallel, a sci-fi NFT card game, that supports the Ethereum blockchain and the Base layer-2 chain, has completed another financing round, bagging in $35 million from a pool of investors. In an X post on Mar. 28, the game developers said the funding was supported by Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber among others. $𝟯𝟱𝗠 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱 𝗶𝗻 𝗣𝗮𝗿𝗮𝗹𝗹𝗲𝗹 𝗦𝘁𝘂𝗱𝗶𝗼𝘀 We are excited to announce our latest funding round! Our team is…

According to Bloomberg, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which was launched on March 20, has seen an influx of over $240 million. This tokenized fund, issued on the Ethereum blockchain, offers investments in cash, US Treasury bills, and repurchase agreements, issuing a cryptocurrency token, BUIDL, valued at $1 per token to represent share ownership. BlackRock enables token holders to transfer BUIDL within digital wallets approved by Securitize, its partner for this venture. This move is in line with BlackRock Chairman and CEO Larry Fink’s vision of a future where all financial assets are tokenized. Carlos Domingo, the CEO…

Ondo Finance announced the transfer of $95 million to BlackRock’s newly launched tokenized fund, BUIDL. This is the first instance of a crypto protocol utilizing a tokenized fund for its offerings. The initiative aims to facilitate instant settlements for Ondo’s US Treasury-backed token, OUSG, enhancing its appeal and utility within the crypto market. Ondo Finance Leverages BlackRock’s Fund to Boost T-Bill Token Speed Nathan Allman, CEO of Ondo Finance, said the shift to BlackRock’s BUIDL will significantly expedite the subscription and redemption process for OUSG. Therefore, it will transition from the traditional trade date plus two days settlement to instantaneous…

House of Streams Presents First-Ever Live Interactive Reality Show With Bitcoin Prize, Global Streamers, and Live Fan Engagement Set to Redefine Reality TV – Press release Bitcoin News You need to enable JavaScript to run this app.ryxnre475n Read the full article here

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connected to AlphaWelcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.Important: You must lock a minimum of 20,000 ACSIf you don’t have enough, buy ACS on the following exchanges:Connect via Access ProtocolAccess Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more › Read the full article here

Bitcoin slumped hard yesterday and dropped below $69,000, but the bulls have taken charge since then, and the asset now stands well above $70,000. While most alternative coins are slightly in the green, DOGE and BCH have gone on a tear with double-digit price gains overnight. BTC Goes Above $70K Last week was quite negative for the largest cryptocurrency, in which it fell to under $61,000 at one point and was down to $62,500 on Friday. The weekend finally saw a recovery attempt but BTC was stopped at $66,000. It wasn’t until Monday that the asset started actually charting meaningful…

Data on whale wallets shows that these investors have been consistently selling Bitcoin (BTC) since the start of March, according to the latest “Bitfinex Alpha” report. Bitfinex’s analysts explained that these movements often lead to a phase of volatility, and short-term decline to form a local dip, and realized prices indicate that Bitcoin is unlikely to drop below $56,000 in the current market cycle. The report explains that whale wallet outflows typically signal the onset of a healthy Bitcoin price correction, while spent output profit ratio (SOPR) values significantly above 1 suggest aggressive profit-taking. Long-term holder SOPR values have stayed…

Crypto traders are capitalizing on the Base blockchain, which has seen a surge in activity and funds locked due to a meme coin-led frenzy for tokens on the network. Base, developed by Coinbase on OP Stack, has experienced a significant increase in transactional activity, unique addresses, and funds locked, with direct access from Coinbase potentially making it the first network used by new retail users. The popularity of meme coins on Base has led to high gas fees and network congestion, with trading bots contributing to the issue. Crypto traders are seeking profit opportunities on the Base blockchain amid a…